Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Faringdon
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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 can be more complex to account for than they first appear. Professional fees, retail sales, stock and equipment all behave differently in your records, and getting each of them right matters for both reporting and tax.
- Separating income streams — Professional eye care fees, spectacle and contact lens sales and locum work often need recording separately so your figures are accurate.
- Stock and inventory — Frames, lenses, contact lenses and accessories tie up money, so purchases, sales and remaining stock need consistent tracking throughout the year.
- Equipment and premises costs — Diagnostic instruments, fitting equipment, software, rent, business rates and insurance all need to be recorded and supported properly.
- Payroll and staff costs — Employing optometrists, dispensing opticians or support staff brings PAYE, pension and contractor payment considerations that vary with each practice.
- VAT on mixed supplies — Professional optical services and optical goods can be treated differently for VAT, so the position depends on what is supplied 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 financial administration optical businesses need, including bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where it applies. They also help separate professional optical income from sales of spectacles, contact lenses and other goods, so your records reflect how your practice actually trades.
Support is available for self-employed optometrists, locums, dispensing opticians, independent optical practices, practice owners and limited companies. Because sole traders, partnerships and limited companies are taxed and reported differently, the right approach depends on your structure, how you earn income and whether you also supply optical goods.
Yes. Bookkeeping and Self Assessment are common requirements for self-employed optometrists, locums and dispensing opticians, and for practice owners who draw income outside a company. We help keep records of professional fees, optical goods sales, expenses and stock purchases in good order, so your return is based on accurate figures.
Yes, if you trade through a limited company. Annual accounts and Corporation Tax returns are prepared from your records, and we look at areas such as equipment purchases, stock, staff costs and director pay. Because every practice differs, the treatment of individual items depends on your circumstances.
Some do, and the position is rarely all-or-nothing. Professional optical services and the supply of optical goods such as spectacles and contact lenses can be treated differently for VAT, and the treatment depends on the nature of the supply and your circumstances. If you are registered, or approaching registration, it is worth reviewing how your supplies are categorised.
Frames, lenses, contact lenses and accessories should be tracked so purchase costs, sales and remaining stock stay clear. Equipment, professional indemnity insurance, continuing professional development and premises costs should be recorded separately and supported by receipts, so your accounts and tax returns are accurate and easy to explain.
Switching is usually straightforward. We can review your existing records, confirm what information is needed and coordinate the changeover so your bookkeeping, accounts and filing deadlines are not disrupted. If you are unsure what your current accountant holds, we can explain what to request.
Get in touch and tell us about your practice or your work as an optical professional. A short conversation about your structure, income streams and current accounting arrangements is usually enough to identify what support suits you, and we can then outline clear, transparent options.