Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Romiley
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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 often combine clinical work with retail, which can make day-to-day accounting more involved than it first appears. Different income streams, stock, equipment and VAT rules can all affect how records need to be kept.
- Mixed income streams — professional fees, spectacle sales and contact lens income need separating so each is recorded and reported accurately.
- Stock and inventory — frames, lenses and contact lenses tie up money, so accurate stock records help protect margins and cash flow.
- VAT on different supplies — professional services and goods such as spectacles or contact lenses can be treated differently depending on the supply.
- Equipment and practice costs — specialist optical equipment, testing room costs and premises expenses need careful recording so claims are properly supported.
- Payroll and staff — paying optometrists, dispensing opticians and support staff, plus any associates or contractors, brings PAYE and record-keeping obligations.
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 financial admin behind an optical business, including bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where applicable. Just as importantly, they understand how professional fees, spectacle and contact lens sales, stock, equipment and premises costs fit together in an optical practice.
Support is available to optometrists, dispensing opticians, independent opticians, self-employed locums, practice owners, partnerships and limited companies. The exact accounting needs vary depending on how you work, how your income is structured and whether you also supply optical goods.
Yes. Self-employed optometrists and locums typically need Self Assessment, clear bookkeeping and a sensible way of separating professional fees from any product-related income. Records should reflect how you actually work, whether that is one practice, several sessions a week or a mix of arrangements.
Yes, for practices trading through a limited company. Annual accounts and Corporation Tax reporting sit alongside payroll, director responsibilities and record keeping, and the treatment of equipment, stock and premises costs depends on the specific circumstances rather than a single fixed rule.
Possibly. VAT depends on turnover and on the nature of what is supplied. Professional optical services and goods such as spectacles or contact lenses can have different VAT treatments, and the position depends on the circumstances of the business, so it is worth reviewing rather than assuming.
Frames, lenses and contact lenses should be tracked consistently so stock levels, cost of sales and margins stay visible. Equipment, testing room costs, premises expenses and professional fees need reliable records too, with receipts kept, so any claims or deductions can be supported if they are reviewed.
Yes. Changing accountant is usually straightforward — we would need your current records, details of your business structure and confirmation of any outstanding filings. It often helps to plan the switch around your year end so nothing important is missed.
Get in touch to talk through how your practice or professional work is set up and what you need help with. From there, the relevant services can be outlined with clear fees and no hidden costs, and the next steps agreed.