Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Towcester
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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 template. Income may come from professional services, retail sales of spectacles and contact lenses, or both, and each stream brings its own record-keeping, stock and tax considerations that need handling consistently.
- Separating income streams — Fees from sight tests and contact lens work need distinguishing from retail income from spectacles and optical goods.
- Stock and frames — Frames, lenses and contact lenses tie up money, so accurate purchase records and stock levels directly affect cash flow and reported profit.
- Equipment and professional expenses — Testing equipment, calibration, software, registration fees and continuing professional development need correct treatment in the accounts and tax calculations.
- Payroll for practice teams — Employing optometrists, dispensing opticians and support staff brings PAYE, pension and contractor questions that need handling alongside the practice's own tax position.
- VAT on mixed supplies — Professional services and optical goods can fall under different VAT treatments, so the position depends on what is supplied and in what 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
Accountants for Opticians provide accounting, tax and compliance support tailored to optical professionals and practices. That can include bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where applicable, along with advice on how professional income from sight tests or contact lens work and retail income from optical goods should be recorded.
Support is available to independent opticians, optometrists, dispensing opticians, self-employed optical professionals and optical practice owners, whether trading as sole traders, partnerships or limited companies. The relevant accounting treatment depends on how each professional or business earns income and how it is structured.
Yes. Self-employed optical professionals often need Self Assessment, clear bookkeeping and guidance on allowable expenses such as equipment, professional registration and travel between appointments. Where income comes from more than one source, records should keep each stream distinct, and the correct reporting position depends on individual circumstances.
Yes. Bookkeeping can be maintained for professional fees, retail sales of spectacles and contact lenses, supplier invoices and practice costs, while Self Assessment covers the reporting of your taxable income. The exact records you need depend on whether you work alone, in a partnership or through a limited company.
Limited company practices need annual accounts and a Corporation Tax return each year. Company accounts should reflect professional income, optical goods sales, stock, equipment, premises and staff costs accurately, and the tax relief available on allowable expenses can differ from what a sole trader or partnership would claim.
Possibly. VAT depends on turnover and the nature of the supplies made. Optical businesses may provide professional services and supply optical goods, and these can carry different VAT treatments, so the position varies between practices. It is worth reviewing your specific circumstances rather than assuming one treatment applies to everything.
Yes. Moving accountants is generally straightforward and usually involves sharing details of your existing records and confirming your current position. Support then continues with the services relevant to your optical business, and any transition arrangements can be discussed as part of the initial conversation.
Get in touch with CruseBurke to outline how you work, whether you are self-employed, in a partnership or running a limited company practice, and what accounting help you need. From there, the relevant requirements can be identified and support put in place around your optical business.