Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Honiton
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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 Opticians and 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 fit a simple accounting mould. Professional fees, retail sales of optical goods, stock, equipment and staff costs often sit together in one practice, which can make record keeping, tax reporting and VAT treatment more involved than for a business with a single income source.
- Mixed Income Streams: Professional fees, private and NHS work, and retail sales of spectacles or contact lenses all need to be recorded and reported accurately.
- Stock and Inventory: Frames, lenses and contact lenses tie up money, so stock levels, ordering and write-offs need careful tracking to protect margins.
- Equipment and Practice Costs: Testing equipment, fitting tools, premises costs and professional indemnity insurance are all expenses that need correct treatment.
- Payroll and Staff: Employed optometrists, dispensing opticians and support staff bring payroll, pension and contractor payment obligations that vary by arrangement.
- VAT on Mixed Supplies: Professional optical services and the supply of optical goods can have different VAT treatments, so each supply needs reviewing on its own 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 handle the accounting and tax work specific to optical businesses, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where relevant. That can involve recording professional fees alongside sales of spectacles and contact lenses, tracking stock and equipment, and making sure reporting reflects how the practice actually operates.
Support can cover independent opticians, optometrists, dispensing opticians, self-employed and locum professionals, practice owners, partnerships and limited companies. Each has different responsibilities, and the accounting requirements depend on how the individual or business is structured, how income is earned and whether optical goods are also supplied.
Yes. Self-employed optometrists and locum opticians typically need help with record keeping, expenses and Self Assessment. If you also sell optical goods, the records need to separate professional income from retail sales. What you can claim depends on your circumstances, so expenses are reviewed individually rather than assumed.
It varies. Some practices need bookkeeping and payroll only, while others also require annual accounts, Corporation Tax, VAT support and management accounts. Stock, equipment, premises, staff costs and mixed income streams all shape what is needed, so we agree the right combination based on your situation.
Yes. We can keep your records organised throughout the year and prepare your Self Assessment return where one is required. Accurate bookkeeping makes deadlines far less stressful and helps ensure income from professional work, spectacles, contact lenses and other supplies is recorded correctly from the start.
We can prepare annual accounts and Corporation Tax computations for incorporated optical practices. This includes accounting for professional income, optical goods, stock, equipment depreciation and allowable expenses. The treatment of particular items depends on the facts, and we explain the position clearly before anything is filed.
Sometimes, and the position is not uniform. Professional optical services and the supply of optical goods such as spectacles and contact lenses can have different VAT treatments depending on the nature of the supply and the business's circumstances. Registration thresholds and exemptions matter too, so it is worth reviewing your specific situation.
Yes. Moving accountants is usually simpler than people expect. We can review your current records, identify anything outstanding and explain what information is needed. If you would rather do this as part of an initial conversation first, we are happy to talk it through before any change is made.