Specialist Accountants for Opticians & Optometrists
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GOS income reconciliation, VAT apportionment between exempt sight tests and taxable dispensing, stock control and owner profit extraction.
Self-assessment, IR35 status on agency work, GOC and professional fees, mileage between practices and equipment claims.
Management accounts per branch, partial exemption calculations, payroll for optical assistants and funding for new sites.
Ophthalmology and refractive surgery providers: company accounts, VAT on cosmetic versus medical treatment and capital allowances on equipment.
Incorporation reviews, capital allowances on OCT scanners and consulting room fit-out, and profit extraction planning for practice owners.
Payroll for optometrists, dispensing opticians and optical assistants, plus auto-enrolment, statutory pay and locum payments.
Cloud bookkeeping that reconciles GOS payments, private fees and retail till takings so your figures are accurate all year.
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.
Reports showing tests per day, dispensing conversion, margin per branch and profit trends, so decisions are based on real numbers.
Optical businesses often combine professional services with the sale of goods, which can make record keeping, tax and VAT more involved than a straightforward service business. The challenges below are the ones that most commonly arise in practice.
GOS income, voucher values, partial exemption and dispensing margin — no explaining required.
Independents, multiples and locum optometrists each get a different service, not a template.
We use a defensible apportionment method and keep the workings ready in case HMRC asks.
One agreed monthly fee with no hourly billing and no surprises at year end.
Management accounts that show where the profit actually comes from, test by test and branch by branch.
You deal with the same qualified person every time, by phone or email, not a call centre.
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.
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.
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.
Using the latest technology to offer customised financial strategies that help healthcare practices grow and thrive.
A dedicated accountant for opticians who understands GOS income, stock and dispensing margin.
Our team is here whenever you need guidance. We offer unlimited support to ensure your financial management is always on point.
Our team has over 100 years of combined accountancy experience.
Never Miss any deadline with our automated email reminders.
We’re an ICAEW, ACCA & AAT accredited Firm.
Take a back seat and let our expert accountants handle everything. Here’s how easy it is to get started with us:
Reach out to us, and we’ll discuss your needs and how we can help your healthcare practice thrive.
We’ll send over a simple letter to formalise our partnership and get everything in motion.
If you're switching, we’ll take care of contacting your previous accountants to make the transition smooth.
From there, sit back and relax. We’ll manage your accounts, taxes, and everything in between, keeping your practice running smoothly.
They look after the accounting and tax affairs of optical professionals and businesses. That typically covers bookkeeping, annual accounts, Self Assessment or Corporation Tax, payroll and VAT support where it applies, with records structured around professional fees, spectacle and contact lens sales, stock and practice costs.
Support can suit independent opticians, optometrists, dispensing opticians, self-employed practitioners, practice owners and optical businesses of various sizes. Because sole traders, partnerships and limited companies all have different reporting obligations, the level of support needed depends on how you trade and where your income comes from.
Self-employed optometrists, locum opticians and dispensing opticians often need support with Self Assessment, allowable expenses, travel between practices and day-to-day record keeping. Where you also trade through a limited company or hold other income, the position can be more involved and depends on your individual circumstances.
It varies. Many practices need bookkeeping and annual accounts, plus Corporation Tax or Self Assessment depending on structure. Payroll may be relevant if you employ staff, and management accounts help with stock, equipment and cash flow. VAT support matters where supplies make it necessary, and the right combination depends on how the practice is set up.
Spectacles, contact lenses and other optical goods form part of your trading income and, where they remain unsold, your stock. Recording them separately from professional fees is sensible, because sales of goods and professional services can be treated differently for VAT and can affect how you review margins.
Possibly. VAT registration depends on your turnover and the nature of your supplies. Professional optical services and goods such as spectacles or contact lenses can carry different VAT treatments, and exempt and standard-rated supplies may sit side by side. The position depends on your circumstances, so it is worth reviewing carefully.
Payroll support can cover salaried staff, part-time employees and payments to associates or locums, including the related reporting requirements. If you employ receptionists, dispensers or optometrists, or pay contractors, the way those payments are treated can differ and should be reviewed carefully.
Switching accountants is usually straightforward. We can take over the records you already have, confirm what information is needed and align the change with your accounting period so nothing is missed. It helps to have your latest accounts, tax returns and bookkeeping records to hand when you get in touch.
