Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Driffield
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Optical Professionals and Practices We Support
Independent Opticians
GOS income reconciliation, VAT apportionment between exempt sight tests and taxable dispensing, stock control and owner profit extraction.
Locum Optometrists
Self-assessment, IR35 status on agency work, GOC and professional fees, mileage between practices and equipment claims.
Optometry Clinics & Multiples
Management accounts per branch, partial exemption calculations, payroll for optical assistants and funding for new sites.
Private & Specialist Eye Care
Ophthalmology and refractive surgery providers: company accounts, VAT on cosmetic versus medical treatment and capital allowances on equipment.
Our Accounting Services for Optical Practices
Optical Tax Planning
Incorporation reviews, capital allowances on OCT scanners and consulting room fit-out, and profit extraction planning for practice owners.
Payroll & Pensions for Optical Staff
Payroll for optometrists, dispensing opticians and optical assistants, plus auto-enrolment, statutory pay and locum payments.
Bookkeeping for Optical Practices
Cloud bookkeeping that reconciles GOS payments, private fees and retail till takings so your figures are accurate all year.
VAT Apportionment for Opticians
Sight tests are exempt while frames and lenses are taxable, so a mixed supply needs apportioning. We use an HMRC-acceptable method and defend it if queried.
Management Accounts & Reporting
Reports showing tests per day, dispensing conversion, margin per branch and profit trends, so decisions are based on real numbers.
Key Accounting Challenges for Optical Businesses
Optical businesses rarely fit a single mould. Between clinical appointments, retail sales, stock and equipment, the numbers can quickly become tangled, and the way income and costs are recorded affects both your tax position and your day-to-day decisions.
- Mixed income streams: Professional fees, spectacle sales, contact lens arrangements and repairs can each behave differently in your records.
- Stock and inventory: Frames, lenses and consumables tie up money, so accurate stock records matter for margins and year-end figures.
- VAT on different supplies: Optical services and goods such as spectacles or contact lenses can be treated differently for VAT, so each supply needs reviewing.
- Equipment and practice costs: Testing equipment, premises, insurance and general running costs need to be recorded and claimed correctly.
- Payroll and contractor payments: Employed staff, locums and associate optometrists can each be paid under different arrangements that affect payroll and tax.
- Record keeping and deadlines: Without tidy records through the year, Self Assessment and company filing dates can become a scramble rather than a routine task.
Why Specialist Accounting Support Matters for Optical Businesses
Real Optical Expertise
GOS income, voucher values, partial exemption and dispensing margin — no explaining required.
Built Around Your Practice
Independents, multiples and locum optometrists each get a different service, not a template.
VAT Apportionment Done Right
We use a defensible apportionment method and keep the workings ready in case HMRC asks.
Fixed, Transparent Fees
One agreed monthly fee with no hourly billing and no surprises at year end.
Clear Margin Reporting
Management accounts that show where the profit actually comes from, test by test and branch by branch.
Named Accountant, Real Answers
You deal with the same qualified person every time, by phone or email, not a call centre.
Our Simple 3-Step Process for Optical Businesses
1. Initial Consultation (It’s Free):
We begin by getting to know your practice and understanding your unique needs. This step ensures we have a clear picture of your operations and your goals.
2. Customised Plan:
Based on our initial discussion, we create a personalised plan designed specifically for you. The aim is to keep everything organised and easy to follow. You can rest assured that your numbers are being handled with expert precision.
3. Ongoing Support & Updates:
From there, we take care of the ongoing work and keep you updated with reports. You’ll always know what’s happening, and we’re always here to answer your questions, ensuring you have a clear picture of your financial health at all times.
Accounting Support Built for Optical Practices
Technology Driven
Using the latest technology to offer customised financial strategies that help healthcare practices grow and thrive.
Named Optical Accountant
A dedicated accountant for opticians who understands GOS income, stock and dispensing margin.
Ongoing Support
Our team is here whenever you need guidance. We offer unlimited support to ensure your financial management is always on point.
Experienced Team
Our team has over 100 years of combined accountancy experience.
Free - Email Reminders
Never Miss any deadline with our automated email reminders.
Yes, We Are Chartered!
We’re an ICAEW, ACCA & AAT accredited Firm.
How to Join/Switch
Take a back seat and let our expert accountants handle everything. Here’s how easy it is to get started with us:
Get in touch
Reach out to us, and we’ll discuss your needs and how we can help your healthcare practice thrive.
Letter of Engagement
We’ll send over a simple letter to formalise our partnership and get everything in motion.
Previous Accountants
If you're switching, we’ll take care of contacting your previous accountants to make the transition smooth.
We Do the Rest
From there, sit back and relax. We’ll manage your accounts, taxes, and everything in between, keeping your practice running smoothly.
FAQs
They handle the accounting and tax side of an optical business or individual practitioner, which can include bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where applicable. They also help keep records of stock, equipment, premises costs and different income streams accurate, so tax reporting reflects how the practice really trades.
We work with independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and limited companies running optical businesses. Because roles and business models differ, support is tailored: a locum optometrist working alone has very different needs from a practice employing staff, holding stock and selling spectacles and contact lenses.
Yes. Self-employed optometrists and opticians often need help with Self Assessment, allowable expenses, record keeping and tax planning, and sometimes with deciding whether a different structure would suit them better. The right approach depends on your income streams, whether you trade as a sole trader or through a company, and your individual circumstances.
Yes. For incorporated optical practices this typically means preparing annual accounts, calculating and filing Corporation Tax, and keeping the underlying records in order. Directors also have personal filing obligations. What is required depends on your company structure, accounting period and circumstances, so it is worth discussing your position before deadlines approach.
Frames, lenses, contact lenses and consumables are stock or business assets while held, and their cost is generally recorded as it is used or sold. Equipment is normally treated differently from stock. How items are recorded affects your profit figures and tax position, so clear, consistent records and advice on your circumstances matter.
Optical businesses often have a mix of supplies, and VAT treatment depends on the nature of each one. Professional optical services and goods such as spectacles or contact lenses are not automatically treated in the same way, and exemption or standard-rating depends on the specific supply. It is worth reviewing how your supplies are classified.
Yes. Moving accountants is usually straightforward, and we can take over the records you already have. It helps to have your previous accounts, tax returns and bookkeeping up to date, and we can talk through any gaps. Timing matters if a filing deadline is approaching, so starting the conversation early is sensible.