Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Dunkeld
4.9/5.0
Google Reviews
⭐ What Clients Say About Us
See what doctors, dentists, and care providers say about working with us.
Opticians and Optometrists 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 often combine clinical professional work with retailing goods, which means more moving parts than a straightforward service business. Mixing professional fees, product sales, stock and practice overheads in one set of records can quickly make it hard to see what is genuinely profitable.
- Mixed income streams — Professional fees, NHS or private work, spectacles, contact lenses and other goods each behave differently and can need separating for clear reporting and tax purposes.
- Stock and inventory — Frames, lenses and contact lenses tie up money and move at different rates, so stock values and purchasing need consistent recording rather than occasional guesswork.
- Equipment and practice costs — Diagnostic instruments, testing equipment, premises, utilities and insurance carry significant costs, and how these are treated can affect your tax position.
- Payroll and staff costs — Employed optometrists, dispensing opticians, optical assistants and locum cover create payroll, pension and contractor payment obligations that need managing accurately.
- VAT on mixed supplies — Professional optical services and the supply of optical goods can be treated differently for VAT, so treatment depends on the nature of each supply and the circumstances of the business.
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 professional career. That typically includes bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where applicable, with records structured to reflect both professional fees and sales of optical goods such as spectacles and contact lenses.
Support is available to self-employed optometrists and locums, dispensing opticians, independent optical practices, practice owners, partnerships and limited companies. The exact accounting requirements differ depending on how you trade, how income is earned and how the business is structured, so the approach is tailored accordingly.
Yes. Self-employed optometrists and locums usually need Self Assessment, clear records of fees earned across different practices, and sensible tracking of travel and professional expenses. Where you also sell goods or hold stock, the record keeping needs to reflect that side of the work too.
Yes. Bookkeeping can separate professional income from product sales, which makes Self Assessment far simpler to prepare. Keeping records up to date through the year also reduces the risk of missing allowable expenses relating to equipment, professional fees, premises or stock purchases.
Yes, for incorporated practices. Annual accounts and Corporation Tax returns are prepared from your records, with consideration given to how profits are drawn, what equipment and premises costs can be claimed, and how stock is valued. The right treatment depends on your individual circumstances.
They are generally treated as goods you purchase and resell, so purchases, stock levels and sales need consistent recording. This is different from professional fees for examinations or clinical services. How each item is treated for tax and VAT depends on the nature of the supply and your business circumstances.
Many do, but the position is not uniform. Professional optical services and the supply of optical goods such as spectacles and contact lenses can have different VAT treatments, and some supplies may be exempt while others are taxable. Whether you need to register and how each supply is treated depends on your circumstances.
Yes, switching is usually straightforward. Your existing records and information are reviewed, the appropriate services are identified, and ongoing accounting and tax support continues from there. It helps to have your latest accounts, returns and bookkeeping records available when you get in touch.