Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in March
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 have a single, simple income stream. Mixing professional services with the sale of optical goods, stock, equipment and staff costs can make bookkeeping, tax and VAT more involved than many owners expect.
- Mixed income streams: professional fees, private or NHS work and retail sales of spectacles and contact lenses each need separate, accurate records.
- Stock and inventory: frames, lenses, contact lenses and consumables need clear stock records so purchases, cost of sales and closing stock are correct.
- Equipment and expenses: optical equipment, testing instruments, calibration, insurance and professional fees may be allowable, depending on the item and circumstances.
- VAT on mixed supplies: professional optical services and goods such as spectacles or contact lenses can be treated differently, depending on the nature of each supply.
- Payroll and practice costs: paying optometrists, dispensing opticians, locums and support staff, plus rent and rates, needs consistent records and cash flow planning.
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 Around 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
Accountants for Opticians handle the day-to-day financial side of optical work, including bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where it applies. They also help record professional income, optical goods, stock and expenses in a way that keeps your tax position clear.
Support is available to independent opticians, optometrists, dispensing opticians, locum and self-employed professionals, practice owners, partnerships and limited companies. Because each works differently, the accounting requirements are reviewed against your structure, income streams and circumstances rather than applied in the same way to everyone.
Yes. Self-employed optometrists, locum opticians and independent dispensing opticians often need help with Self Assessment, record keeping, expenses and cash flow. We can review your income sources and allowable costs, then explain what needs to be reported and when, based on your individual circumstances.
Yes. Limited company optical practices need annual accounts and Corporation Tax returns prepared accurately, with income, stock, equipment and expenses correctly reflected. We can also help keep financial records organised through the year, so preparing accounts and returns is less of a rush when deadlines approach.
Spectacles, contact lenses and other optical goods are sales of goods, so they are recorded as income alongside your professional fees. How they are treated for tax and VAT depends on the nature of each supply and your business circumstances, which is why keeping clear records of goods and services separately is useful.
It depends. Professional optical services and goods such as spectacles or contact lenses can have different VAT treatments, and whether you need to register depends on your turnover and circumstances. We can review your supplies and explain the position that applies to your practice.
Yes. If you employ optometrists, dispensing opticians, optical assistants or reception staff, payroll support can cover pay, deductions and the records that go with them. If you use locums or contractors, the correct treatment depends on the working arrangement and should be reviewed carefully.
Yes. Switching is usually straightforward, and we can work with you to gather the information needed from your existing accountant. The aim is to keep your records, filings and deadlines on track throughout the change, with clear fees so you know what to expect in advance.