Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Lyme Regis
4.9/5.0
Google Reviews
⭐ What Clients Say About Us
See what doctors, dentists, and care providers say about working with us.
Opticians and Optometrists 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 face accounting questions that go beyond routine bookkeeping. Professional fees, optical goods, stock, equipment and premises costs can all behave differently, and the right treatment depends on how the business is structured and what it supplies.
- Mixed income streams — Professional fees and retail sales of spectacles or contact lenses need separating so reporting stays accurate.
- Stock and inventory — Frames, lenses and contact lenses tie up money, so stock levels and their value need tracking.
- Equipment and professional expenses — Optical equipment, instruments and professional fees may need careful treatment for claims and allowances.
- Premises and staff costs — Practice rent, rates, staff wages and locum payments affect cash flow and need clear records.
- VAT on mixed supplies — Professional services and optical goods can have different VAT treatments, so each supply needs reviewing individually.
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 that optical professionals and practices need, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where it applies. The focus is on areas specific to optical businesses, such as professional fees, optical goods, stock, equipment and premises costs.
Support is available to independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and other optical businesses. Accounting needs differ depending on whether you work alone, run a partnership or trade through a limited company, so the approach is shaped around your own circumstances and how your income is earned.
Yes. Self-employed optometrists, locums and dispensing opticians often need Self Assessment, straightforward bookkeeping and clear records of professional fees and expenses. If you also sell optical goods, that side of the business may need separate tracking, so your records and returns reflect everything you do.
It depends on the practice. Many need annual accounts, Corporation Tax or partnership returns, payroll for staff, bookkeeping and management accounts, while others mainly need Self Assessment and help keeping financial records tidy. Practices selling spectacles and contact lenses may also need stock tracking and VAT guidance.
Frames, lenses, contact lenses and accessories should be recorded as stock where they are held for resale, with purchases and sales tracked consistently. Expenses such as optical equipment, professional fees, practice rent and staff costs should be kept separate and properly supported, because what can be claimed depends on individual circumstances.
Sometimes. Optical businesses often make a mix of supplies, and professional services and optical goods such as spectacles or contact lenses can have different VAT treatments depending on the nature of the supply and the circumstances of the business. Registration thresholds and the treatment of each supply should be reviewed rather than assumed.
Yes. Payroll support can cover salaried staff, part-time employees and payments to locums, including the deductions that need to be reported. If you employ optometrists, dispensing opticians, optical assistants or reception staff, keeping payroll records accurate and on time makes the rest of your accounting easier.
Yes. Moving accountants is usually straightforward, and we can help with the practical steps, such as obtaining your records and keeping your filings on track. It helps to have information about your current structure, income streams and deadlines, so the transition does not interrupt your Self Assessment or company filing obligations.