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 combine professional services with retail, which can make the numbers less straightforward than they first appear. Income, stock, equipment and VAT all need careful handling, and the right approach depends on how each practice operates.
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 handle the financial administration and compliance that optical professionals and practices need, including bookkeeping, Self Assessment, annual accounts and Corporation Tax. Many also provide payroll, management accounts, tax planning and VAT support where applicable. The exact services depend on how you trade, what you supply and how your business is structured.
Support can cover independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and other optical businesses, including those based in Shepton Mallet. Because roles and business models differ, the accounting approach should reflect whether you work as a sole trader, within a partnership or through a limited company.
Yes. Self-employed optometrists, locums and dispensing opticians often have several income sources and varying expenses, which need consistent record keeping. Self Assessment, expense tracking and, where relevant, VAT registration all depend on individual circumstances, so the right approach is usually reviewed against how you actually work.
It varies. A practice selling spectacles and contact lenses typically needs bookkeeping that separates professional fees from goods sales, plus stock records and payroll if it employs staff. Annual accounts, Corporation Tax, management accounts and VAT support may also apply, depending on structure, turnover and individual circumstances.
Yes, for optical practices and businesses trading through a limited company. This includes preparing annual accounts, calculating Corporation Tax liabilities and keeping records that support allowable expenses such as equipment, premises costs and staff. Exactly what applies depends on your company's structure, activities and circumstances.
Frames, lenses, contact lenses and consumables are stock or goods for resale, so they should be recorded separately from professional income. Consistent purchase records, regular stock counts and a clear split between goods and services help produce accurate figures for accounts, tax and VAT purposes through the year.
Many do, but the treatment is not uniform. Professional optical services and supplies of optical goods such as spectacles and contact lenses can be treated differently, and the correct position depends on the nature of each supply and the circumstances of the business. Thresholds and liability should always be checked individually.
Yes, switching is usually straightforward. We can review your current records, identify anything outstanding and agree how the transition will work before taking over. Having clear information about your income streams, stock and existing filings makes the handover smoother for you and your practice.
