Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Kentisbeare
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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 rarely fit a single accounting template. Professional fees, spectacle and contact lens sales, stock, equipment and practice overheads all behave differently, which can make reporting, tax and VAT more involved than they first appear.
- Mixed Income Streams — Professional fees and income from optical goods can be treated differently, so keep them clearly separated in your records.
- Stock and Inventory — Frames, lenses and contact lenses tie up money in stock, so accurate inventory records support margins and year-end accounts.
- Equipment and Practice Costs — Testing equipment, fitting tools and premises costs are significant outlays, and they need to be recorded and claimed correctly.
- Staff Payroll and Contractors — Practice teams can include employed staff and locum optometrists, whose payroll and contractor payments are handled differently.
- VAT on Mixed Supplies — Professional services and goods such as spectacles or contact lenses can fall under different VAT treatments depending on the supply.
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 day-to-day accounting and tax work that optical professionals and practices need, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where relevant. The aim is to keep your records accurate and your tax position clear, whether you work alone or run a practice with staff.
Support is available for independent opticians, optometrists, dispensing opticians, self-employed optical professionals, locums, practice partners and limited company optical businesses. Because these roles and structures differ, the services and reporting requirements are tailored to how you actually work, earn income and hold stock or equipment.
Yes. Self-employed optometrists, locums and dispensing opticians typically need help with record keeping, Self Assessment and understanding allowable expenses. If you also sell spectacles or contact lenses, those sales should be recorded separately from professional fees, because the accounting and VAT treatment can differ.
It depends on the practice. Common requirements include bookkeeping, management accounts, annual accounts, Corporation Tax, payroll for optometrists, dispensing opticians and support staff, and VAT support where your supplies include both professional services and optical goods. Some practices also want help with stock control, equipment purchases and tax planning.
Yes. Limited company optical practices need annual accounts and a Corporation Tax return, along with supporting records for income, stock, equipment, premises costs and payroll. Sole traders and partnerships have different obligations, so the exact requirements depend on how your business is structured and what it earns.
They may do. VAT treatment depends on the nature of each supply and the circumstances of the business. Professional optical services and goods such as spectacles and contact lenses can be treated differently, and mixed supplies need careful handling. Registration thresholds and liability must be reviewed against your own situation.
Stock such as frames, lenses and contact lenses should be tracked so that cost of sales and year-end figures are accurate. Expenses including testing equipment, fitting tools, premises costs, insurance and professional fees should be recorded with supporting receipts, so nothing is missed and claims are properly evidenced.
Yes, switching is usually straightforward. The first step is a review of your existing records and filings so the requirements for your optical business are clear. It helps to have recent accounts, tax returns and bookkeeping records available so the handover can be managed without disruption.