Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Saltash
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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 mould. Income can arrive as professional fees, as sales of optical goods, or both, and each stream carries its own record-keeping, stock and tax implications.
- Mixed income streams — Examination fees, contact lens plans and spectacle sales need separating in your records so each income stream's profitability is clear.
- Stock and inventory — Frames, lenses and contact lenses tie up money, so accurate stock recording supports margins and reliable year-end accounts.
- Equipment and professional expenses — Optical equipment, testing instruments and professional costs need the right treatment, including whether they are capital or revenue.
- Payroll and contractors — Employed optometrists, dispensing opticians, optical assistants and locum contractors each create different payroll and reporting requirements.
- VAT on mixed supplies — Professional services and optical goods can differ in VAT treatment, so each supply depends on its own nature and 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.
Built Around the Needs of 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 administration that optical professionals and practices need, from bookkeeping and payroll to annual accounts, Self Assessment and Corporation Tax. They also help organise records for professional income, optical goods, stock and equipment, and review VAT where applicable.
Support is available for independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and other optical businesses. Because roles and business models differ, the accounting needs of a locum optometrist are rarely the same as those of a practice employing staff and holding stock.
Yes. Self-employed optometrists, locum opticians and dispensing opticians working independently typically need Self Assessment support, along with clear records of fees, travel, equipment and professional expenses. What you can claim depends on your individual circumstances, so expenses are reviewed rather than assumed.
That depends on the practice. Many need bookkeeping, payroll for optometrists and optical assistants, management accounts, annual accounts and Corporation Tax where they trade as a limited company. VAT support may also be relevant. The right combination reflects your structure, income streams and how the practice operates.
Frames, lenses and contact lenses should be tracked as stock, with purchases and sales recorded consistently so margins are visible. Equipment, testing instruments, premises costs and staff expenses should be categorised accurately, distinguishing between capital items and day-to-day revenue costs where relevant.
Potentially, yes. VAT treatment depends on the nature of each supply and your circumstances: professional optical services, spectacles, contact lenses and other optical goods can be treated differently. Registration thresholds and what must be charged vary, so a review of your specific supplies is sensible before assumptions are made.
Yes, switching accountants is usually straightforward. The process normally involves sharing details of your current accounting arrangements and providing access to records, so the transition does not disrupt your bookkeeping or filing deadlines. The steps are explained clearly before anything changes.
Get in touch and tell us how your optical business works — your structure, income sources, staffing and any stock or equipment. From there, the relevant accounting and tax requirements can be identified and ongoing support arranged around your practice's needs.