Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Tyne And Wear
4.9/5.0
Google Reviews
⭐ What Clients Say About Us
See what doctors, dentists, and care providers say about working with us.
Optical Professionals and Businesses 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 single financial mould. Professional fees, product sales, stock, equipment and staff costs all interact, so getting the accounting detail right matters for both tax and cash flow.
- Mixed income streams — Eye examination and professional fees sit alongside retail income from spectacles and contact lenses, which may need separate tracking.
- Stock and inventory — Frame and lens stock ties up money, so accurate records help you value inventory and manage ordering and cash flow.
- Equipment and practice costs — Specialist optical equipment, testing room costs, premises overheads and consumables must be recorded and treated consistently.
- Payroll and staff — Dispensing opticians, optical assistants and locum cover can create payroll, contractor and pension obligations that need attention.
- VAT on mixed supplies — Professional services and optical goods can be treated differently for VAT, so the correct treatment depends on each supply.
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.
Built Around the Needs of 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 look after the numbers behind your optical work. That can include bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where applicable. They also help you record professional fees, optical goods, stock, equipment and practice costs accurately, and explain how different income streams and business structures affect your tax position.
They can support self-employed optometrists, dispensing opticians, independent opticians, optical practice owners, partnerships and limited companies. The accounting requirements differ depending on how you trade, how income is earned and whether the business sells optical goods as well as providing professional services, so support is usually tailored to your circumstances.
Yes. Self-employed optical professionals often need help with record keeping, expenses, Self Assessment and planning for tax payments. If you also work part-time for a practice, provide locum cover or run a small practice alongside clinical work, the way your income is recorded and reported may need more careful handling.
Most practices need bookkeeping and annual accounts, and many need payroll for dispensing opticians and optical assistants, plus Corporation Tax where they trade as a limited company. VAT support, management accounts and tax planning can help too. The right mix depends on your structure, turnover and how much of your income comes from professional services rather than optical goods.
Yes. Bookkeeping keeps track of professional fees, product sales, stock purchases, equipment, premises costs and wages, while Self Assessment deals with your personal tax position. For sole traders and partners, keeping records accurate through the year usually makes the return simpler. Limited company directors may also have personal reporting obligations to consider.
We can prepare annual accounts and deal with Corporation Tax for optical practices trading as limited companies. This includes reviewing allowable expenses such as equipment, premises costs and staff wages, and making sure figures are consistent with your records. Treatment depends on your individual circumstances, so specific advice should always be confirmed before you act on it.
Frame and lens stock, contact lenses and consumables should be recorded accurately so closing stock figures are right and margins can be reviewed. Business expenses such as equipment, testing room costs, professional fees and staff wages need proper supporting records. What counts as allowable depends on the nature of the expense and your circumstances.
Possibly. VAT treatment depends on the nature of each supply, because professional optical services and the sale of spectacles, contact lenses and other optical goods can be treated differently. Registration depends on your turnover and the types of supply you make, so it is worth reviewing your position rather than assuming a single rule applies.