Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Exmouth
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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 rarely have a single, simple income stream. Professional services, spectacle sales, contact lens schemes and practice overheads all interact, which is why the accounts behind an optician or optical practice often need more attention than a straightforward service business.
- Mixed income streams — Professional fees, contact lens plans and spectacle sales need to be recorded separately so income and costs are categorised accurately.
- Stock and inventory control — Frames, lenses and contact lenses tie up money in stock, so consistent valuation and record keeping directly affect reported profit.
- Equipment, premises and professional expenses — Testing equipment, fittings, practice premises and professional costs must be recorded accurately so allowable expenses are claimed correctly.
- Self Assessment and Corporation Tax — How income is reported depends on whether you trade as a sole trader, partnership or limited company, and deadlines differ accordingly.
- VAT on mixed supplies — Professional services and optical goods can have different VAT treatments, so the position depends on the nature of each supply and your circumstances.
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 work behind an optical business — bookkeeping, annual accounts, Self Assessment, Corporation Tax and payroll — while keeping sight of how professional income, spectacle and contact lens sales and practice costs fit together.
Independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and limited companies. Because a sole trader, partnership and limited company each have different reporting and tax obligations, support is shaped around how you trade and earn.
Yes. Self-employed optometrists and locums often work across several practices, so income records, expense claims and Self Assessment filings need to be organised carefully. We help keep those records clear so your tax position reflects your actual circumstances.
It depends on your circumstances. Many practices need bookkeeping, annual accounts, Corporation Tax or Self Assessment, payroll and VAT support, but a sole trader working alone may need far less than a practice with employees, stock and significant equipment.
Frames, lenses and contact lenses should be tracked and valued consistently, as stock values affect your reported profit. Practice costs such as equipment, premises and professional fees should be recorded accurately and supported by receipts so the correct expenses are claimed.
VAT treatment depends on the nature of each supply and the circumstances of the business. Professional optical services and optical goods such as spectacles and contact lenses can be treated differently, so registration and how supplies are recorded should be reviewed individually.
Yes, in most cases. We can review your current records and tax position, then take on the relevant accounting, bookkeeping and filing work so the transition stays straightforward and your compliance deadlines are not missed.