Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Earlswood
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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 work with retail, and that mix makes the numbers less straightforward than they first appear. Stock, equipment, premises and different income streams all need careful handling.
- Mixed income streams: Professional fees, spectacle sales and contact lens income may need recording separately to keep accounts, tax reporting and margins accurate.
- Stock and inventory: Frames, lenses and contact lenses tie up money in stock, so accurate valuation and record keeping matter at each year end.
- Equipment and professional expenses: Testing equipment, instruments and professional development costs need recording correctly, distinguishing capital purchases from everyday running costs.
- Premises and staff costs: Practice rent, utilities, reception and clinical staff wages and contractor payments all affect cash flow and payroll obligations.
- VAT on mixed supplies: Professional optical services and supplies of optical goods such as spectacles and contact lenses can be treated differently, so VAT 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
Accountants for Opticians handle the financial administration that optical businesses need, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where applicable. They also help with tax planning, financial record keeping and business structure decisions, so that professional income and income from optical goods are recorded accurately.
They can support independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and limited companies running optical businesses. Because roles and business models differ, the accounting requirements for a self-employed optometrist can look quite different from those of a practice employing staff and holding stock.
Yes. Self-employed optometrists, locums and dispensing opticians often need help with Self Assessment, allowable expenses and clear records of professional income. If you also sell spectacles or contact lenses, that income needs recording separately, and the tax treatment can depend on your individual circumstances.
It depends on the practice. Many need bookkeeping, annual accounts, Corporation Tax, payroll for staff and VAT support, while others only require some of these. Practices with substantial stock, equipment, premises costs and multiple income streams often benefit from management accounts and tax planning as well.
Possibly. VAT treatment depends on the nature of each supply and the circumstances of the business. Professional optical services and supplies of optical goods such as spectacles and contact lenses can be treated differently, so registration and reporting should be reviewed carefully rather than assumed.
Yes. Recording stock, lenses, frames and equipment accurately helps you claim the right expenses and understand your margins. We can help you keep clear financial records, distinguish between stock and capital equipment, and make sure practice costs and professional expenses are documented and treated appropriately.
Yes. Many optical professionals and practices move accountants, and the process is usually straightforward. We can review your existing records, confirm what information is needed and continue your bookkeeping, accounts and tax work without unnecessary disruption to your practice.
Get in touch with CruseBurke to talk through how your optical business operates, including your income streams, structure and any staff or stock. We can then explain which accounting and tax services are relevant and outline clear, transparent fees with no hidden extras.