Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Stourport-on-Severn
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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 rarely fit a single mould. Income can come from professional services, eyewear sales and specialist work, while stock, equipment and premises costs sit alongside day-to-day bookkeeping. That combination creates accounting questions a generalist may not anticipate.
- Mixed Income Streams — Professional fees, locum work and retail sales may behave differently, so recording each income stream accurately matters.
- Stock and Inventory — Frames, lenses and contact lenses tie up money, and tracking purchases, returns and stock levels keeps margins visible.
- Equipment and Premises Costs — Examination and fitting equipment, along with practice premises costs, need careful treatment and well-kept records.
- Payroll and Locum Payments — Employed staff and locum optometrists are treated differently, so payroll, contracts and payment records need to be handled correctly.
- VAT on Mixed Supplies — Professional services and spectacle or contact lens supplies can carry different VAT treatments, depending on the nature of the supply.
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 running an optical business. That includes bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where relevant, with records kept for professional fees, spectacle and contact lens sales, stock, equipment and practice costs.
Support can be tailored to independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and other optical businesses. Because roles and business models differ, accounting requirements vary too — a locum optometrist working alone has different needs from a limited company running a practice with employed staff.
Yes. Self-employed optometrists, locum opticians and dispensing opticians often need help with Self Assessment, income and expense records, and tax planning. Because optical income can come from several sources and expenses can include equipment, travel and professional fees, keeping clear records through the year makes the return easier to prepare.
That depends on the practice. Many optical businesses need bookkeeping, annual accounts and Corporation Tax support if they trade through a limited company, plus payroll when they employ staff. VAT support may also be relevant because professional services and optical goods can be treated differently. Not every practice needs every service.
Yes. If your practice trades as a limited company, annual accounts and a Corporation Tax return are usually required, along with accurate records of income, stock, equipment and expenses. Deadlines and filing requirements depend on your company's own circumstances, so it is worth confirming the specific position for your practice.
Spectacles, contact lenses and solutions bought for resale are generally treated as trading stock, so their cost is held in the accounts until the items are sold. How that is recorded depends partly on your business structure and how you buy and sell the goods.
VAT can apply to optical businesses, but the treatment is not identical for everything. Professional optical services and supplies of spectacles, contact lenses or other goods can fall under different VAT rules depending on the nature of the supply and the circumstances of the business, so your own position should be checked.
Switching accountants is usually straightforward, and records can be transferred with your authority. It often helps to arrange the change at a sensible point in the year so that deadlines such as Self Assessment, annual accounts or payroll reporting are not disrupted. The practical steps depend on your current arrangements.