Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Greenham
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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 often combine professional services with the sale of goods, which can make bookkeeping, tax and VAT more involved than in a purely service-based business. Different income streams, stock and equipment also need careful recording.
- Mixed income streams: Professional fees, spectacles, contact lenses and other optical goods may need to be recorded separately for accurate reporting.
- Stock and inventory: Frames, lenses and contact lenses tie up cash, so stock levels and cost of sales need regular attention.
- Equipment and practice costs: Optical equipment, testing room costs, premises and software can be easy to overlook at tax time.
- Payroll and contractor payments: Employed staff, locums and associates may create payroll, pension and status questions that require careful handling.
- VAT on mixed supplies: Professional services and optical goods can have different VAT treatments, so each supply must be considered on its facts.
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 provide accounting and tax support for optical professionals and businesses, including bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where applicable. The focus is on the mixed income and costs common in optical work, such as professional fees, spectacles, contact lenses, stock, equipment and practice expenses.
They can support independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies. The right support depends on how each person or business operates, earns income and is structured, because a sole trader, partnership and limited company can have different reporting and tax obligations.
Yes, support can be provided for self-employed opticians, optometrists and dispensing opticians, including Self Assessment, record keeping and help understanding allowable expenses. Because income can include professional services and optical goods, records should clearly separate different streams so the tax position can be reviewed accurately.
That depends on the practice. Common needs include bookkeeping, annual accounts, Corporation Tax, payroll, management accounts, tax planning and VAT support where applicable. Optical practices may also need help tracking stock, equipment, premises costs and different income streams, but not every practice requires every service.
Yes, bookkeeping and Self Assessment support can be tailored to optical professionals and practice owners. Accurate records of professional fees, spectacles, contact lenses, stock and expenses help make tax returns more straightforward. The exact records required depend on your business structure, income sources and whether you trade as a sole trader, partnership or limited company.
Stock such as frames, lenses and contact lenses should be recorded consistently, with purchases, sales and stock levels reviewed regularly. Business expenses should be separated from personal spending and supported by records. What counts as allowable can depend on individual circumstances, so it is sensible to keep clear documentation and seek advice where needed.
VAT can apply to optical businesses, but treatment depends on the nature of each supply. Professional optical services and goods such as spectacles or contact lenses may have different VAT considerations, and registration thresholds or exemptions can depend on circumstances. It is important to review the mix of supplies rather than assume one rule applies to everything.
Switching accountants is usually a straightforward process once records and authorisations are in place. CruseBurke can discuss your current setup, review the accounting requirements for your optical work and help ensure continuity with bookkeeping, tax returns or payroll where applicable. The timing and steps depend on your existing arrangements and business structure.