Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Strathaven
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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 sit between professional services and retail, so the numbers are rarely straightforward. Income, stock and equipment all behave differently, and how each is recorded affects both your annual accounts and your tax position.
- Mixed income streams: Sight test and professional fees often arrive separately from retail sales of spectacles and contact lenses, so your records must distinguish between them.
- Stock and inventory: Frames, lenses and contact lenses tie up money, and inaccurate stock figures can distort gross profit and your year-end position.
- Equipment and professional costs: Diagnostic instruments, testing equipment and continuing professional development are recorded differently, and getting the treatment right matters.
- Premises and practice overheads: Rent, business rates, utilities and fitting-room costs add up quickly, particularly where a practice combines clinical and retail space.
- VAT on mixed supplies: Professional services and optical goods can be treated differently for VAT, depending on the nature of each supply and your circumstances.
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 day-to-day accounting and tax work that optical professionals and practices need, from bookkeeping, payroll and annual accounts to Self Assessment and Corporation Tax. They also help you record professional income, optical goods, stock and equipment correctly, and explain what applies to your particular circumstances.
Support is available to self-employed optometrists and locums, dispensing opticians, partners in an optical practice, practice owners and limited companies running one or more sites. Sole traders and partnerships are equally common. What is needed depends on your structure, income streams and how the practice operates.
Yes. Self-employed optometrists, locums and dispensing opticians usually need Self Assessment, accurate records of professional fees and expenses, and a sensible approach to equipment and travel costs. If you operate through a limited company instead, Corporation Tax and payroll obligations may also apply.
It varies. Most practices need bookkeeping, annual accounts and tax returns, and many need payroll for employed optometrists, dispensing opticians and support staff. Management accounts, stock reporting, VAT support and business structure reviews may also be relevant. We recommend services based on your practice rather than a fixed package.
Yes. We can keep your records up to date, separating professional fees from sales of spectacles, contact lenses and other optical goods, and prepare and file your Self Assessment return. Tax treatment depends on your circumstances, so allowances and expenses are reviewed rather than assumed.
Sometimes. VAT treatment depends on the nature of each supply and your circumstances. Professional services and optical goods such as spectacles and contact lenses can be treated differently, and registration thresholds apply. If you are VAT registered, we can help with returns and with recording mixed supplies accurately.
Stock such as frames, lenses and contact lenses should be tracked so your figures reflect what you actually hold, while expenses like diagnostic equipment, premises costs and professional development need to be recorded correctly. Clear records make your year-end accounts and your tax position far easier to deal with.
Get in touch and tell us how you work, whether you are a self-employed optometrist, a dispensing optician or running an independent practice. We will discuss your current records and what is required, and switching from another accountant can usually be arranged without disrupting your practice.