Specialist Accountants for Opticians & Optometrists

Accountants for Opticians in Teignmouth

CruseBurke provides practical accounting and tax support for opticians, optometrists, dispensing opticians and optical businesses in Teignmouth, with clear, transparent guidance shaped around your practice.

4.9/5.0

Google Reviews

accounting services for opticians

⭐ What Clients Say About Us

See what doctors, dentists, and care providers say about working with us.

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Jamie Fletcher profile picture
Jamie Fletcher
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It was a pleasure working with Anum on our accounts. The whole process was swift and effortless, and it was one less thing to worry about. I'd highly recommend them.
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Mansur Liman
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Accotax have been our accountants for many years now. We maintained them, because of their professionalism. In the last coiple of years, i have working with Imran, who has been very professional and helpful in guiding us through the whole process explaining and clarifying every aspect of it. Very prompt in responding to questions and patient with us even when we seem to be slow. I really enjoy working with him. Thank you
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Muna Mohamoud profile picture
Muna Mohamoud
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I highly recommend Imran to anyone looking for a reliable and knowledgeable accountant. He helped me sort out a very complicated backlog of accounts and prepared my overdue tax returns with professionalism and attention to detail. Throughout the process, he was incredibly patient, took the time to answer all of my questions, and explained everything clearly. He guided me through each step and helped rectify issues that had built up over time, making what felt like an overwhelming situation much more manageable. I'm very pleased with the service I've received and truly appreciate his support. If you need help with your accounts or taxes, I would highly recommend Imran.
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Sergey M profile picture
Sergey M
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I had a positive experience with Accotax. The work was completed promptly, my tax return was successfully filed, and I received a refund of overpaid tax. I found the cooperation efficient and helpful. Special thanks to Muhammad Saifullah for his assistance.
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Ebba Qureshi profile picture
Ebba Qureshi
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Fabulous team at ACCOTAX - very efficient and good response time . Honest and professional with their work. I would highly recommend them even if you’re a young start up - or a large business they have it covered .
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Mael Leboucher profile picture
Mael Leboucher
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We worked with a few different accountants before finally settling with Accotax, and we’re really glad we did. Their team is great. Abdul is responsive and easy to reach whenever I have a question, which makes a big difference. They take the time to understand how our business works and what our needs are. They are very knowledgeable, and when they don’t have the answer straight away, they take the time to look into it and get back to us quickly. Anum, who looks after our account on a day-to-day basis, including reconciling invoices and preparing the annual accounts, is amazing. She is professional, efficient, and follows the processes we have put in place together. She's also very quickin getting back to us whenever needed. We’re very happy to work with her and hope to continue doing so for as long as possible. Overall, Accotax has made our accounting experience much smoother and easier. We see them as a long-term partner as our business continues to grow. I would 100% recommend them.
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3rd Hub
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Imran provides a very dependable and straightforward accounting service. He is always responsive and professional when managing our accounts. Excellent support.
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Martin Tyrrell profile picture
Martin Tyrrell
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I have really impressed to date with all dealings with Accotax highly enough. From day one, they've made what can often be a complicated and stressful part of running a business feel straightforward and hassle-free. A special mention has to go to Anum, who has been friendly, incredibly responsive, and genuinely cares about providing the best possible service. No question is ever too much trouble, and she consistently goes above and beyond to make sure everything is dealt with efficiently. I wouldn't hesitate to recommend you to anyone looking for an accountant they can genuinely trust.
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Matthew Lyon profile picture
Matthew Lyon
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Great speedy service and very personable. Anum dealt with my income certificate and did everything quickly and helped me out massively. Very happy with the service provided.
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Optical Professionals and Practices We Support

Accountants for Opticians can support independent opticians, optometrists, dispensing opticians, self-employed optical professionals and optical practice owners. The right approach depends on how you work and how your income arises. A sole trader might need Self Assessment and straightforward bookkeeping, while a partnership or limited company may have different reporting, payroll and Corporation Tax requirements. Some professionals provide clinical services, others focus on dispensing, and many run mixed practices with both. Understanding these differences helps keep records accurate and tax treatment appropriate.

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

Our accounting services for optical practices are shaped around how your business actually operates. That might mean bookkeeping and Self Assessment if you are a self-employed optometrist or dispensing optician, or annual accounts, Corporation Tax and payroll if you run a limited company. We can help track professional income from eye examinations alongside sales of spectacles, contact lenses and other optical goods, while keeping stock, equipment and premises costs properly recorded. Management accounts and tax planning can support decision-making, and VAT support is available where it applies to your supplies. Not every optical business needs every service, so the scope depends on your structure, income streams and circumstances.

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.

accountants for opticians

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

Accounting can become more complex for opticians and optical businesses because income often comes from both professional services and the sale of optical goods. Stock, equipment, premises and staff add further layers, and different supplies may have different tax or VAT treatments.

  • Mixed income streams – Professional fees and retail sales of spectacles or contact lenses need separate tracking to keep records clear.
  • Stock and inventory – Frames, lenses and contact lenses tie up cash, so accurate stock records help control margins and avoid overordering.
  • Equipment and expenses – Testing equipment, fitting tools and professional costs need correct treatment as capital or revenue expenses.
  • Payroll and staff – Employed optometrists, dispensing opticians and support staff create payroll, pension and contractor payment responsibilities.
  • VAT on mixed supplies – Different supplies may have different VAT treatments, so it is important to review professional services and optical goods carefully.
accounting services for opticians

Why Specialist Accounting Support Matters for Optical Businesses

Optical businesses often combine professional services with the sale of spectacles, contact lenses and other goods, which can create accounting considerations that pure service businesses do not face. Income may come from eye examinations, dispensing, retail sales and additional services, while stock, equipment and practice premises add further complexity. Accounting support that understands these areas can help keep bookkeeping accurate, manage payroll and tax administration, and record business expenses correctly. It can also help owners see how different income streams perform and make informed decisions about pricing, stock and future investment.

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

Our process is designed to understand your optical business, identify the accounting and tax requirements that apply, and provide ongoing support that fits how you work. It suits self-employed opticians, optometrists, dispensing opticians, partnerships and limited companies. Step 1: Tell Us About Your Business — We learn about your services, structure, income, optical goods or stock, and the accounting support you need so we can see the full picture. Step 2: Review Your Accounting Needs — We identify relevant requirements, such as bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where applicable. Step 3: Receive Ongoing Support — We continue to provide accounting and tax support according to your needs, helping you stay organised as your optical business evolves.

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.

accountants for opticians

Accounting Support Built for Optical Practices

Accounting support for optical practices should reflect the realities of running a practice, not just a generic service business. That means recording professional income from eye examinations and dispensing alongside sales of spectacles, contact lenses and other optical goods. Stock, testing equipment, practice premises, staff payroll and day-to-day expenses all need to be handled accurately. Bookkeeping and financial records should give a clear view of performance, while tax administration and VAT considerations can be managed where relevant. The aim is practical support that fits your structure, income streams and the way your practice operates.

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 help optical professionals and practices with bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and tax planning. They also help record professional income, sales of spectacles and contact lenses, stock, equipment and premises costs. The exact support depends on whether you are a sole trader, partner or limited company, and on your VAT position.

They can support independent opticians, optometrists, dispensing opticians, self-employed optical professionals and optical practice owners. Support can be tailored to sole traders, partnerships and limited companies, as each structure has different reporting and tax requirements. The right approach depends on how you earn income and whether you sell optical goods alongside professional services.

Yes, support is available for self-employed opticians and optometrists, including those who provide locum or clinical services. If you work alone, Self Assessment and bookkeeping are often central. If you also sell spectacles or contact lenses, records need to separate professional income from goods and track expenses accurately. Your circumstances determine the exact requirements.

Optical practices may need bookkeeping, annual accounts, Corporation Tax, payroll, management accounts and VAT support where applicable. Because practices can earn professional fees and sell spectacles, contact lenses and other goods, records should reflect different income streams. Stock, equipment and premises costs also need correct treatment. Not every practice needs every service, so the scope depends on your structure and activities.

Yes. Bookkeeping can cover daily takings, supplier invoices, stock purchases, staff costs and expenses, while Self Assessment deals with your personal tax return if you are a sole trader or partner. For limited company directors, Self Assessment may still be required on other income. The correct approach depends on your business structure and individual circumstances.

Yes. Limited companies and some incorporated optical practices need annual accounts and Corporation Tax support. This involves preparing financial statements, reviewing allowable expenses, and submitting the required returns. Accurate records throughout the year make the process smoother. The exact treatment depends on your company's income, expenses and circumstances, so advice should be tailored to your practice.

Spectacles and contact lenses are usually treated as trading stock or goods sold, so purchases, stock levels and sales need to be recorded accurately. The VAT treatment can vary depending on the nature of the supply and the circumstances, so it should not be assumed that every item is treated the same. Professional services may have different VAT considerations from optical goods.

VAT can be relevant for optical businesses, but the treatment depends on the nature of each supply. Professional optical services and sales of spectacles, contact lenses or other goods may have different VAT consequences, and registration thresholds and exemptions can apply differently. It is important to review your specific income streams and circumstances rather than assume one treatment fits all.

Speak to an Expert

Need Accountants for Opticians in Teignmouth Who Understand Your Business?

Running an optical practice means juggling professional income, stock, payroll and tax deadlines. CruseBurke can help with bookkeeping, Self Assessment and annual accounts, keeping your records clear and your compliance on track. Whether you are self-employed or run a limited company, you get practical support shaped around your optical business.