Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Fordingbridge
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Optical Professionals and Businesses 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 fees, dispensing activity, stock movement and equipment costs all sit together, and how each is recorded affects the accounts, the tax position and the day-to-day decisions you make.
- Mixed income streams: Sight tests, dispensing and product sales can be recorded differently, so separating income streams avoids confusion at year end.
- Stock and inventory: Frames, lenses and contact lenses move constantly, so accurate stock records at year end support a realistic profit figure.
- Equipment and professional expenses: Optical equipment, testing instruments and professional fees need careful treatment, with capital and revenue costs handled according to their nature.
- Payroll and staff costs: Optometrists, dispensing opticians, reception staff and locum cover can create varied payroll, pension and contractor arrangements that need consistent processing.
- VAT on mixed supplies: Professional services and optical goods may carry different VAT treatments, so the position depends on 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 that sits behind an optical business — bookkeeping, annual accounts, Self Assessment, Corporation Tax and payroll — while keeping in mind the mix of professional optical income and income from spectacles, contact lenses and other optical goods. The exact support depends on how your practice or role is structured.
Support is available for independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and limited companies running optical businesses. Because roles, income streams and business structures vary, requirements are reviewed individually rather than assumed, and the appropriate services are agreed around how you actually work.
Yes. Self-employed opticians, locum optometrists and dispensing opticians typically need help with record keeping, expenses and Self Assessment, including how professional fees, equipment, travel and optical supplies are treated. Reporting deadlines and allowable expenses depend on individual circumstances, so advice is tailored to your own position.
It varies. Some practices need bookkeeping, payroll and VAT support, while others focus on annual accounts, Corporation Tax and management accounts. Practices holding stock, equipment and premises costs usually benefit from closer bookkeeping and stock records, but not every optical business requires every service.
Stock such as frames, lenses and contact lenses should be recorded accurately so purchases, sales and closing stock figures stay consistent. Expenses like equipment, professional fees and premises costs should be supported by records. What counts as allowable depends on the nature of the cost and your circumstances.
Possibly. VAT treatment depends on the nature of each supply: professional optical services and the supply of optical goods such as spectacles and contact lenses can be treated differently, and exemption or standard-rating may apply depending on the circumstances. Registration thresholds and the mix of your income both matter, so advice should be specific to your business.
Yes, switching accountants is usually straightforward. CruseBurke can review your existing records, accounts and tax position, agree what needs to be done and take over the relevant compliance work. Handover details depend on your current arrangements, so it helps to have recent accounts and tax information available.