Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Newbury
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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 financial template. Professional fees, retail sales and stock all move in different directions, which makes accurate bookkeeping, tax planning and record keeping more involved than for many other small businesses.
- Professional Income Streams: Fees for eye examinations, contact lens aftercare and other clinical work often sit alongside retail income, so each source needs recording separately.
- Optical Goods and Retail Sales: Spectacles, lenses and contact lenses bring supplier costs, stock movements and pricing decisions that directly affect reported margins and profits.
- Stock and Inventory Control: Frames, lens blanks and accessories tie up cash, so weak stock visibility can distort your figures and unsettle cash flow planning.
- Equipment and Practice Premises: Diagnostic equipment, fitting tools, rent, utilities and insurance are substantial costs that need accurate recording and appropriate tax treatment.
- VAT on Mixed Supplies: Professional services and optical goods can be treated differently for VAT, so the treatment depends on the nature of each supply and your circumstances.
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 specific to optical businesses. That typically includes bookkeeping, annual accounts, Self Assessment or Corporation Tax returns, payroll and VAT support where it applies, with records covering both professional services and the optical goods you sell.
Support is available for independent opticians, optometrists, dispensing opticians, self-employed locums, practice owners, partnerships and limited companies. Because these roles and structures differ, the accounting and tax work is tailored to how you earn income and how your business is set up.
Yes. Self-employed optometrists and locums often need help with Self Assessment, expense records and keeping professional income separate from other earnings. The exact reporting position depends on your circumstances, including how many engagements you take on and whether you also sell optical goods.
Bookkeeping underpins everything else, so it is usually the starting point. Support can cover day-to-day records across professional fees, optical goods and practice costs, plus Self Assessment returns where you are a sole trader, partner or company director with additional income.
Yes. If you trade through a limited company, annual accounts and Corporation Tax returns form part of the compliance cycle. Allowable expenses, director pay and dividend planning can all affect the outcome, so the right approach depends on your practice's circumstances.
Frames, lenses, contact lenses and accessories should be tracked so stock values and costs of sale stay realistic. Equipment, professional fees, insurance and premises costs are usually recorded separately, and whether an expense is allowable depends on its nature and your circumstances.
It depends. Professional optical services and the supply of optical goods such as spectacles and contact lenses can be treated differently for VAT, and the position varies with the nature of each supply and your circumstances. It is worth reviewing your specific supplies rather than assuming one blanket treatment applies.
Yes. Changing accountant is usually straightforward, and the records and filings you already hold can be taken over. It helps to know your business structure, accounting period and any outstanding deadlines, so everything is picked up without disruption.