Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Southam
4.9/5.0
Google Reviews
⭐ What Clients Say About Us
See what doctors, dentists, and care providers say about working with us.
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 sit in an unusual position: they combine clinical and professional work with retail. That mix creates accounting questions around income, stock and tax treatment that a generalist accountant may not spot.
- Mixed income streams: professional fees, contact lens schemes and spectacle sales may need separate recording so reporting reflects real earnings.
- Stock and inventory: frames, lenses and contact lens stock tie up money and need consistent valuation for accounts and tax.
- Optical equipment and professional expenses: diagnostic instruments, testing equipment and professional fees may be treated differently from everyday practice costs.
- VAT on mixed supplies: professional services and optical goods can attract different VAT treatment depending on the nature of the supply.
- Payroll and practice staff: dispensing opticians, optical assistants and locum cover all bring payroll, pension and contractor payment considerations.
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 accounting and tax work that optical professionals and practices need, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where relevant. The focus is on how optical income, goods and costs actually arise in a working practice.
They typically work with independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and limited companies operating in the optical sector. The appropriate support depends on how you are structured, how you earn income and whether you supply optical goods as well as services.
Yes. Self-employed optometrists, locums and dispensing opticians often need Self Assessment support, help recording expenses and guidance on how professional income should be reported. Sole traders and partnerships have different requirements from limited companies, so the starting point is your own circumstances rather than a fixed package.
It varies. Many practices need bookkeeping that tracks professional fees, spectacle and contact lens sales, stock and equipment costs, alongside annual accounts and Corporation Tax. Payroll for dispensing opticians and practice staff, management accounts and VAT support may also be relevant, but not every practice requires every service.
Frames, lenses and contact lens stock should be recorded consistently so that accounts and tax reporting reflect what the practice actually holds and sells. Business expenses such as equipment, premises costs and professional fees need proper records too, and how each item is treated depends on its nature and your circumstances.
Possibly. VAT treatment depends on the nature of each supply and the circumstances of the business. Professional optical services, spectacles, contact lenses and other goods can be treated differently, and registration thresholds and exemptions may apply. It is worth reviewing your particular mix of supplies rather than assuming one rule covers everything.
Yes, switching accountants is usually straightforward. The practical steps involve gathering your records, confirming your structure and income streams, and making sure reporting deadlines are met through the transition. It helps to time the change sensibly so nothing falls between accountants.
Start with a conversation about your practice or your professional work. Whether you are a sole trader, a partner or a limited company, sharing how you earn income, what you supply and what you already have in place lets the right accounting support be identified from the outset.