Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Kington
4.9/5.0
Google Reviews
⭐ What Clients Say About Us
See what doctors, dentists, and care providers say about working with us.
Opticians, Optometrists and Dispensing Opticians 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 mould. Income may come from professional services, spectacles, contact lenses and other products, each with its own record keeping and tax considerations. Keeping on top of that alongside patient care can make accounting complex.
- Mixed Income Streams: Professional fees, spectacles and contact lenses may need separating in your records.
- Stock and Inventory: Frames, lenses and accessories tie up money and need accurate valuation at year end.
- Equipment and Practice Costs: Test equipment, fitting tools, premises and utilities all affect your taxable profit and records.
- Payroll and Contractors: Employed optometrists, dispensing opticians and support staff bring payroll, PAYE and reporting duties.
- VAT on Mixed Supplies: Professional services and optical goods can have different VAT treatments depending on the nature of each 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 financial administration of an optical business or professional. That can include bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where applicable, along with tax planning and record keeping. The exact mix depends on how you work and how your business is structured, so support is tailored rather than fixed.
Support is available to independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and limited company directors. Roles and business models differ, and an optometrist providing clinical services has different needs from a practice selling spectacles and contact lenses, so the accounting approach follows your own circumstances and structure.
Yes. Self-employed optometrists and locum opticians typically need help with bookkeeping, Self Assessment and keeping track of professional income and allowable expenses. If you also dispense or sell optical goods, your records may need to separate service income from product sales, and VAT may need reviewing depending on the nature of those supplies.
It varies. A practice with employed staff, stock and equipment will usually need bookkeeping, payroll, annual accounts and Corporation Tax or partnership returns, plus VAT support where relevant. A single self-employed professional may only need Self Assessment and straightforward record keeping. The appropriate services depend on your structure, income streams and circumstances.
Yes. Bookkeeping for optical businesses needs to capture professional fees, spectacles, contact lenses, stock, equipment and premises costs in a way that supports accurate returns. With that in place, Self Assessment for sole traders and partners becomes more straightforward, and companies can rely on the same records for annual accounts and Corporation Tax.
Frames, lenses, contact lenses and accessories are trading stock, so purchases, sales and closing stock should be tracked consistently. Practice expenses such as test equipment, fitting tools, rent, utilities, insurance and staff costs should be recorded separately and supported by receipts. Good records make it easier to arrive at accurate figures and identify allowable expenses.
VAT depends on your turnover and the nature of your supplies. Optical businesses may provide professional services as well as selling spectacles, contact lenses and other goods, and different supplies can have different VAT treatments. Whether registration is required, and how each supply is treated, depends on your specific circumstances and should be reviewed individually.
Yes. Changing accountant is generally more manageable than people expect. Your existing records, accounts and tax information can be reviewed, any outstanding matters considered, and the handover discussed so that ongoing bookkeeping, payroll and tax support continues without unnecessary disruption. What is involved depends on the state of your current records.