Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Settle
4.9/5.0
Google Reviews
⭐ What Clients Say About Us
See what doctors, dentists, and care providers say about working with us.
EXCELLENT
Based on 305 reviews
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Victor Adade - GeoNet TelecomTrustindex verifies that the original source of the review is Google.
Good work!Posted on Google![]()
MAHSA TTrustindex verifies that the original source of the review is Google.
I’m very happy with the support I’ve received from Umer & Raza. RAZA always replies to my emails promptly and is very helpful. I’ve also had a few meetings with UMER, who patiently explained everything and gave me helpful advice. I’m very pleased with the team and grateful for their support.Posted on Google![]()
Michaela JessonTrustindex verifies that the original source of the review is Google.
Excellent service from start to finish. Professional, knowledgeable, and always helpful. They made the whole process straightforward and stress-free, and I really appreciate their support. Highly recommended!Posted on Google![]()
Ayotunde RufaiTrustindex verifies that the original source of the review is Google.
Best accountants we've ever had. Umer is ace, and makes everything easy and transparent.Posted on Google![]()
SofiaTrustindex verifies that the original source of the review is Google.
I had a really positive experience with Muhammad. He was incredibly quick to action everything and made the whole process straightforward and stress-free. He took care of everything promptly and kept me informed throughout, which was greatly appreciated. Muhammad was professional, responsive and genuinely helpful from start to finish. It was clear that he cared about providing a great service and making sure everything was handled properly. I would definitely recommend him to anyone looking for someone reliable, efficient and professional.Posted on Google![]()
Zest For LifeTrustindex verifies that the original source of the review is Google.
I worked with Accotx on a HMRC reclaim and overall, they did ultimately deliver on their promise, which I appreciate. The process did take longer than any of us expected, partly due to external delays with the tax authorities, and partly because there were some hiccups in communication and follow-up. However, despite those challenges, they stayed professional and stuck to the original agreed terms. If you’re considering using them, be prepared to stay in regular contact to keep things moving along. They are absolutely capable, have the expertise and willing to work with you, and overall improving their services over time. I would certainly return for any future needs.Posted on Google![]()
Pete WristTrustindex verifies that the original source of the review is Google.
Sterling work. Many thanks to Muhammad and the team for all their help and expertisePosted on Google![]()
Hansen Personal TrainingTrustindex verifies that the original source of the review is Google.
We have been a client for years - very quick responsive and personalised servicePosted on Google![]()
Jamie FletcherTrustindex verifies that the original source of the review is Google.
It was a pleasure working with Anum on our accounts. The whole process was swift and effortless, and it was one less thing to worry about. I'd highly recommend them.Posted on Google![]()
Mansur LimanTrustindex verifies that the original source of the review is Google.
Accotax have been our accountants for many years now. We maintained them, because of their professionalism. In the last coiple of years, i have working with Imran, who has been very professional and helpful in guiding us through the whole process explaining and clarifying every aspect of it. Very prompt in responding to questions and patient with us even when we seem to be slow. I really enjoy working with him. Thank youVerified by TrustindexTrustindex verified badge is the Universal Symbol of Trust. Only the greatest companies can get the verified badge who has a review score above 4.5, based on customer reviews over the past 12 months. Read more
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 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.
- Multiple income streams: Professional fees, frame and lens sales, contact lens income and retail accessories should each be recorded separately.
- Stock and inventory: Frames, lenses and contact lenses tie up cash in stock, so valuation, ordering and shrinkage all affect your margins and year-end figures.
- Equipment and practice costs: Testing instruments, IT systems, rent, business rates and fitting room costs need accurate recording and sensible allocation.
- Business structure and tax reporting: Sole traders, partnerships and limited companies report differently, and the choice of structure affects tax, drawings and profit allocation.
- VAT on different supplies: Professional optical services and goods such as spectacles or contact lenses can have different VAT treatments, depending on the nature of the supply.
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 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.