Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Truro
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Opticians, Optometrists 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 have a single, simple income stream. Mixing professional services with the sale of optical goods, stock and equipment can make bookkeeping, tax and VAT decisions less straightforward than they first appear.
- Multiple income streams: Examination fees, contact lens aftercare and retail spectacle sales each behave differently in your records, so they need separating clearly.
- Stock and inventory: Frames, lenses and contact lenses tie up money and change in value, making accurate stock records important for margins and year-end figures.
- Equipment and professional costs: Test equipment, practice software and professional fees are recorded and claimed in different ways, so receipts and timing both matter.
- Payroll and practice staff: Employing optometrists, dispensing opticians and support staff brings payroll, pension and contractor questions that need consistent handling all year.
- VAT on mixed supplies: Professional services and optical goods can attract different VAT treatments, so how each supply is classified should be reviewed rather than assumed.
Why Optical Businesses Need Specialist Accounting Support
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 behind an optical business or career: bookkeeping, annual accounts, Self Assessment or Corporation Tax, payroll and VAT support where it applies. The focus is on keeping records accurate, deadlines met and figures useful, which matters when income comes from both professional services and optical goods.
Self-employed optometrists and locums, dispensing opticians, independent optical practices, practice owners, partnerships and limited companies. Support is shaped around how each one trades, because a sole trader completing Self Assessment has different requirements from a practice with employees, stock and premises.
Yes. Self-employed optometrists, locums and dispensing opticians often need help with income records, allowable expenses and Self Assessment. Where you work across several practices, tracking fees, travel and equipment costs separately can make the figures clearer and reduce last-minute pressure before filing deadlines.
It depends on the practice. Many need bookkeeping, annual accounts, Corporation Tax and payroll, while some need VAT support, management accounts or tax planning. Practices selling spectacles, contact lenses and other optical goods may have additional reporting and stock considerations, so the right mix depends on your circumstances.
They are generally treated as trading stock or goods sold rather than professional services, so purchases, stock levels and sales need recording consistently. That treatment can affect how margins and year-end figures look, and VAT may apply differently to goods than to some professional supplies, so it is worth checking your own position.
Possibly. VAT depends on the nature of each supply and the circumstances of the business. Professional optical services and supplies of spectacles, contact lenses or other goods can be treated differently, and registration thresholds and exemptions vary by situation, so it is worth reviewing your supplies rather than assuming a blanket answer applies.
Yes, where a practice employs optometrists, dispensing opticians, optical assistants or administrative staff, payroll support can cover pay, deductions and reporting obligations. Practices using self-employed associates or contractors may also need to consider how those arrangements are treated, which depends on the individual working relationship.
In most cases, yes. Switching usually involves letting your existing accountant know and arranging for records to be passed across, which can often be timed around your year end. It is worth discussing the practical details first so the change does not disrupt your filing deadlines.