Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Lanchester
4.9/5.0
Google Reviews
⭐ What Clients Say About Us
See what doctors, dentists, and care providers say about working with us.
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. Mixing professional services with retail sales, stock, clinical equipment and staffing creates financial detail that needs consistent, accurate handling throughout the year.
- Mixed income streams — professional fees, spectacle and contact lens sales, and other services often need separating for accurate reporting.
- Stock and frame inventory — frames, lenses and consumables tie up money, so stock levels and supplier invoices need careful tracking.
- Equipment and professional costs — testing equipment, calibration, software and professional fees each carry their own treatment for accounts and tax.
- Premises, staff and subcontractors — practice rent, utilities, staff payroll and locum payments create distinct tax and reporting obligations.
- VAT on mixed supplies — professional services and optical goods may be treated differently, 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 day-to-day accounting and tax work behind an optical business, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where relevant. Because they work with optical practices, they understand mixed income from professional services and optical goods such as spectacles and contact lenses.
Support is available for independent opticians, optometrists, dispensing opticians, self-employed optical professionals, optical practice owners and limited company practices. The right approach depends on how you trade, what you earn and how the business is structured, since a sole trader, a partnership and a limited company each face different reporting obligations.
Yes. Self-employed optometrists doing locum work, self-employed dispensing opticians and sole trader practice owners usually need Self Assessment, organised income and expense records, and a clear view of tax due. Record keeping differs from a limited company, so support is shaped around your own trading circumstances.
Frames, lenses, contact lenses and consumables should be tracked as stock, with purchase invoices retained. Equipment, premises costs and professional fees are recorded as business expenses where they are incurred for the practice. What is allowable depends on the specific item and your individual circumstances.
Some do. VAT treatment depends on the nature of each supply and your circumstances, and optical businesses often provide a mix of professional services and optical goods. Spectacles, contact lenses and professional services may not all be treated the same way, so registration and treatment should be reviewed rather than assumed.
Yes. Payroll support covers employed practice staff, including optometrists, dispensing opticians and support teams, along with the related reporting obligations. Payments to locums and other contractors can raise different questions, particularly around employment status, so those arrangements are usually worth reviewing individually.
Switching is usually straightforward. Existing records can be reviewed, the relevant accounting and tax requirements identified, and the handover handled so deadlines such as Self Assessment, annual accounts or VAT returns are not missed. Timing may matter depending on your year end and filing dates.