Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Severn
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Who We Support Across the Optical Sector
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 neatly into one category. Professional fees, optical goods, stock and equipment all move through the same set of accounts, and each brings its own record-keeping and tax questions, which is why the numbers can become harder to keep track of.
- Mixed income streams: Fees from eye examinations and contact lens aftercare sit alongside sales income, so records need to separate income types clearly.
- Stock and inventory: Spectacles, lenses and frames are stock items, and accurate purchase, usage and valuation records support both margin review and tax reporting.
- Equipment and professional expenses: Diagnostic instruments, testing equipment and professional costs need correct treatment, with capital and revenue items distinguished properly.
- Payroll and staff costs: Practice staff, dispensing opticians and locum cover bring varying payroll, pension and contractor payment obligations that must be handled consistently.
- VAT on mixed supplies: Professional services and supplies of optical goods can follow different VAT treatments, so each supply needs reviewing rather than assumed.
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 day-to-day financial administration that optical professionals and practices deal with, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where it applies. The right mix depends on how you trade, how you are structured and how your income is earned.
We support independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies. Roles and business models differ, so a locum optometrist working alone has different accounting needs from a practice employing several staff and holding optical stock.
Yes. Self-employed optometrists and locum opticians often need help with Self Assessment, allowable expenses and record keeping across multiple engagements. Income can arrive from several practices, and getting the records and expense treatment right throughout the year makes the return far more straightforward.
It depends on the practice. Many optical businesses need bookkeeping, annual accounts, payroll for staff and support with stock records. Corporation Tax or Self Assessment applies depending on structure, while VAT support may be relevant where supplies are mixed. We tailor the service to what your practice actually needs.
Spectacles, lenses and frames are effectively trading stock, so purchases, usage and closing stock should be recorded consistently to support margin review and accurate tax reporting. Equipment, premises costs and professional expenses also need sensible treatment, with capital and revenue items identified separately where that is appropriate.
Possibly. Optical businesses often make a mix of supplies, and professional optical services can be treated differently from the supply of optical goods such as spectacles and contact lenses. VAT treatment depends on the nature of each supply and your individual circumstances, so it is worth reviewing properly rather than assuming.
Yes, switching is usually straightforward. We review your current records, accounts and tax position, then agree what needs to be done and when. Once the necessary information is in place, we can take over the ongoing compliance work and keep you informed of deadlines.