Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Strathpeffer
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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 simple accounting mould. Professional fees, retail sales of spectacles and contact lenses, equipment and staffing costs all behave differently, and how each element is recorded and taxed varies with the structure of the practice.
- Mixed income streams — Professional fees, locum work and retail sales of optical goods must be recorded separately so income is reported and taxed correctly.
- Stock and inventory — Frames, lenses and contact lenses tie up cash and need accurate stock records to support margins and year-end figures.
- Equipment and professional costs — Specialist testing equipment, calibration, continuing education and professional fees require careful treatment for reliefs and accurate record keeping.
- VAT on mixed supplies — Different VAT treatment can apply to professional optical services and to goods such as spectacles and contact lenses.
- Payroll and practice costs — Employing optometrists, dispensing opticians and support staff brings payroll, pension and premises costs that need planning.
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. Because they work with optical businesses, they understand income from professional services alongside sales of spectacles, contact lenses and other optical goods.
Support is available for independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies. Requirements vary considerably, since a locum optometrist and a practice employing several staff have very different accounting, reporting and payroll needs.
Yes. Self-employed optometrists, locum opticians and dispensing opticians often need help with record keeping, expenses and Self Assessment, including the timing of payments on account. Where income comes from several practices or a mix of sessions, clear records help ensure everything is reported accurately.
It depends on the practice. Many need bookkeeping, annual accounts, payroll for staff and support with Corporation Tax or partnership returns. Practices selling spectacles, contact lenses and other goods may also need stock records and VAT guidance, since different supplies can be treated differently.
Yes. Bookkeeping can be kept up to date through the year, separating professional fees from retail sales of optical goods, which makes Self Assessment or company reporting far more straightforward at deadline time. What is required depends on your structure and how you earn your income.
Stock such as frames, lenses and contact lenses should be recorded consistently so year-end figures reflect what is actually held. Business expenses, including equipment, professional fees and premises costs, need supporting records. The correct treatment depends on the nature of the expense and your individual circumstances.
VAT can apply to optical businesses, but the treatment is not uniform. Professional optical services and goods such as spectacles and contact lenses may be treated differently, and registration depends on turnover and the nature of the supplies. It is worth reviewing your position with an adviser.
Yes, changing accountants is usually straightforward. We can review your current position, confirm what information is needed and coordinate the handover with your existing adviser so that deadlines are not missed. Timing and requirements depend on your business.