Specialist Accountants for Opticians & Optometrists
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GOS income reconciliation, VAT apportionment between exempt sight tests and taxable dispensing, stock control and owner profit extraction.
Self-assessment, IR35 status on agency work, GOC and professional fees, mileage between practices and equipment claims.
Management accounts per branch, partial exemption calculations, payroll for optical assistants and funding for new sites.
Ophthalmology and refractive surgery providers: company accounts, VAT on cosmetic versus medical treatment and capital allowances on equipment.
Incorporation reviews, capital allowances on OCT scanners and consulting room fit-out, and profit extraction planning for practice owners.
Payroll for optometrists, dispensing opticians and optical assistants, plus auto-enrolment, statutory pay and locum payments.
Cloud bookkeeping that reconciles GOS payments, private fees and retail till takings so your figures are accurate all year.
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.
Reports showing tests per day, dispensing conversion, margin per branch and profit trends, so decisions are based on real numbers.
Optical businesses sit somewhere between a professional service and a retail operation, and that blend is what makes the accounting more involved. Income, stock, equipment and VAT can each behave differently, so records need to be organised with that in mind.
GOS income, voucher values, partial exemption and dispensing margin — no explaining required.
Independents, multiples and locum optometrists each get a different service, not a template.
We use a defensible apportionment method and keep the workings ready in case HMRC asks.
One agreed monthly fee with no hourly billing and no surprises at year end.
Management accounts that show where the profit actually comes from, test by test and branch by branch.
You deal with the same qualified person every time, by phone or email, not a call centre.
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.
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.
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.
Using the latest technology to offer customised financial strategies that help healthcare practices grow and thrive.
A dedicated accountant for opticians who understands GOS income, stock and dispensing margin.
Our team is here whenever you need guidance. We offer unlimited support to ensure your financial management is always on point.
Our team has over 100 years of combined accountancy experience.
Never Miss any deadline with our automated email reminders.
We’re an ICAEW, ACCA & AAT accredited Firm.
Take a back seat and let our expert accountants handle everything. Here’s how easy it is to get started with us:
Reach out to us, and we’ll discuss your needs and how we can help your healthcare practice thrive.
We’ll send over a simple letter to formalise our partnership and get everything in motion.
If you're switching, we’ll take care of contacting your previous accountants to make the transition smooth.
From there, sit back and relax. We’ll manage your accounts, taxes, and everything in between, keeping your practice running smoothly.
Accountants for Opticians handle the day-to-day accounting and tax work that sits behind an optical business. That can include bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where relevant, along with advice on how professional income, optical goods, stock and practice costs should be recorded.
Support can be tailored to independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies. The work depends on how you earn income and how the business is structured, so a locum optometrist and a practice with staff and stock will have quite different requirements.
Yes. Self-employed optometrists, locum opticians and dispensing opticians often need help with Self Assessment, record keeping and expenses, including travel between practices, professional fees and equipment. If you also run a limited company or work through a partnership, the different income streams can be reviewed together so the overall position is clear.
It depends on the practice. A limited company with staff, stock and premises will typically need annual accounts, Corporation Tax, payroll and often VAT support, while a smaller practice may only require bookkeeping and Self Assessment. Many practice owners also find management accounts useful for tracking stock, equipment and cash flow.
Yes. Bookkeeping keeps professional fees, sales of spectacles and contact lenses, stock purchases and practice costs organised through the year, which makes Self Assessment and annual accounts far more straightforward. If you are a sole trader or a partner, Self Assessment is usually how your income is reported, although individual circumstances vary.
Stock such as frames, lenses and contact lenses should be recorded as it is bought and sold, with a stock figure available at year end. Business expenses should be kept separate from personal spending, and costs such as equipment, premises and professional indemnity cover should be documented. What is allowable depends on your circumstances.
Possibly. Optical businesses often make a mix of supplies, and professional optical services and optical goods such as spectacles and contact lenses can have different VAT treatments. Whether you need to register, and how each sale is treated, depends on the nature of the supply and your circumstances, so it is worth reviewing properly.
Switching is usually straightforward. Your current records can be reviewed and your existing accountant contacted so the handover is handled properly. Once your practice or professional income is understood, we can confirm which services you need and how the ongoing support will work.
