Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Somerton
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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 combine clinical work with retail sales, which makes the financial picture busier than many other professional practices. Keeping that mix accurate takes more than standard bookkeeping, and a handful of areas tend to cause the most difficulty.
- Mixed income streams: professional eye examination fees, retail sales of spectacles and contact lenses, and any NHS or insurer work each need recording separately and accurately.
- Stock and inventory: frames, lenses, contact lenses and consumables need tracking, because stock movements affect margins, purchasing decisions and the figures reported at year end.
- Equipment and practice costs: optical instruments, fitting tools, premises costs and professional expenses need sensible classification between day-to-day and capital items.
- Payroll and staff: optometrists, dispensing opticians, optical assistants and locum cover can be paid in different ways, so PAYE and contractor arrangements need reviewing.
- VAT on mixed supplies: professional services and optical goods can be treated differently, so the position depends on the nature of each supply and the circumstances of the business.
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
Accountants for Opticians handle the day-to-day financial side of optical work, including bookkeeping, annual accounts, tax returns, payroll and VAT support where it applies. That means recording professional fees alongside spectacle and contact lens sales, tracking stock and equipment costs, and keeping deadlines with HMRC and Companies House under control.
Support is available to independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and other optical businesses. The accounting work differs depending on whether you trade as a sole trader, a partnership or a limited company, and on the mix of clinical services and optical goods you provide.
Yes. Self-employed optometrists, locums and dispensing opticians often have several income sources, from eye examination fees to locum days, and each needs recording accurately. Self Assessment then depends on your total income, allowable expenses and business structure, so the right approach is worked out from your own circumstances.
It varies. Most practices need bookkeeping at the core, plus annual accounts and either Corporation Tax or Self Assessment. Payroll for optometrists, dispensing opticians and optical assistants, stock and equipment records, management accounts and VAT support may also be relevant, depending on how the practice is structured and what it sells.
Yes. Bookkeeping keeps professional fees, optical goods sales, stock purchases, premises costs and staff expenses recorded consistently, which makes Self Assessment easier at the year end. Allowable expenses and taxable income depend on individual circumstances, so figures are reviewed rather than assumed.
Frames, lenses, contact lenses and consumables should be tracked so you can see what is held, what sells and what it costs. Practice expenses such as equipment, rent, insurance and professional fees need consistent categorisation, with some items treated as capital rather than day-to-day costs depending on the circumstances.
Possibly. VAT registration depends on turnover and the nature of your supplies. Optical businesses can have different VAT considerations for professional services and for optical goods such as spectacles and contact lenses, so treatment is not uniform and should be reviewed against the specifics of the business and current rules.
Yes, switching is usually straightforward. Existing records, accounts and tax filings are reviewed so nothing is missed, and the changeover can be arranged around your year end. Clear fees and transparent packages mean you know what is included before any work begins.