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 clinical or professional work with the sale of optical goods, which can make accounting less straightforward than it first appears. Income, stock, equipment, staff and VAT can all interact, so records need to reflect how the practice actually 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.
Accountants for Opticians help optical professionals and practices with accounting, tax and compliance matters. This can include bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll, management accounts and VAT support where applicable. The exact help depends on whether you are a sole trader, partner, limited company, practice owner or self-employed optical professional.
Support can be provided to independent opticians, optometrists, dispensing opticians, self-employed optical professionals, optical practice owners and other optical businesses. Because roles and business models differ, the accounting approach should reflect how income is earned, whether optical goods are sold, how the business is structured and what records are already in place.
Yes. Self-employed opticians and optometrists may need help with income and expense records, Self Assessment, payments on account and tax planning. If they also sell spectacles, contact lenses or other optical goods, the records and VAT position may need additional consideration depending on the nature of those supplies and their individual circumstances.
Optical practices may need bookkeeping, payroll, annual accounts, Corporation Tax, management accounts and VAT support. Some also need help with stock records, equipment costs, premises expenses and financial reporting. Not every practice needs every service, so the right package depends on the practice structure, income streams, staffing and whether it supplies professional services, optical goods or both.
Yes. Bookkeeping can help keep professional income, optical goods sales, stock, equipment and practice expenses organised throughout the year. For sole traders and partners, that record keeping often supports Self Assessment. For limited companies, it can feed into annual accounts and Corporation Tax. The appropriate approach depends on your circumstances and how the business operates.
Yes. Limited companies, including incorporated optical practices, typically need annual accounts and Corporation Tax support. This can involve reviewing income, allowable expenses, stock, equipment, salaries and other practice costs. The treatment of any item depends on the facts, so accounts and tax returns should be prepared with the specific company and its activities in mind.
Optical stock such as frames, lenses and contact lenses should be recorded accurately so accounts reflect the cost of goods sold and remaining inventory. Business expenses, including equipment, premises, staff and professional costs, should be supported by clear records. The correct accounting treatment can vary, so it is sensible to keep invoices, receipts and stock information organised.
Many optical businesses do need to consider VAT, but the treatment is not identical for every supply. Professional optical services, spectacles, contact lenses and other optical goods can have different VAT treatments depending on the nature of the supply and the circumstances of the business. VAT registration and reporting should therefore be reviewed carefully rather than assumed.
