Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Wadebridge
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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 often combine clinical work with retail sales, which means income, stock and expenses rarely sit in neat, separate boxes. That mix can make bookkeeping, tax reporting and VAT considerations more involved than they first appear.
- Mixed income streams – Sight test fees, contact lens work and retail sales of spectacles need recording separately for accurate reporting and clearer decision-making.
- Stock and inventory – Frames, lenses and contact lenses tie up cash, so stock levels, purchasing and slow-moving items need careful tracking.
- Equipment and professional expenses – Diagnostic instruments, testing equipment and professional fees can carry different accounting treatment, so accurate records and receipts matter.
- Payroll and practice staff – Employed optometrists, dispensing opticians and support staff bring PAYE, pension and contractor payment considerations throughout the year.
- VAT on mixed supplies – Professional services and optical goods may carry different VAT treatments depending on the nature and circumstances of each individual 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.
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 day-to-day accounting and tax admin behind an optical business, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where applicable. Because optical income often mixes professional fees with sales of spectacles and contact lenses, records need to separate those streams clearly. The exact work depends on your circumstances.
Support is available for self-employed opticians, optometrists, dispensing opticians, practice owners, partnerships and limited companies running optical businesses. Accounting needs differ between a locum or self-employed professional and a practice with premises, stock and staff, so the approach is tailored to how you earn income and how your business is structured.
Yes. Many optical professionals work on a self-employed or locum basis, which usually brings Self Assessment, record keeping and expense considerations rather than company accounts. Income often arrives from several sources, so tracking payments, allowable expenses and deadlines properly matters. The right approach depends on your individual circumstances and how your work is arranged.
It varies. Some practices need bookkeeping, payroll and VAT support, while others focus mainly on annual accounts, Corporation Tax and management reporting. Stock, equipment, premises costs and staff payments usually feature somewhere. Not every optical business requires every service, so we look at your structure, income streams and goals before recommending anything.
Frames, lenses, contact lenses and consumables should be tracked as stock, with purchases, sales and closing stock figures kept up to date. Equipment, professional fees, premises costs and staff expenses are recorded separately as business costs. Good records support accurate accounts and help you understand margins, though exactly what is allowable depends on your circumstances.
VAT can apply to optical businesses, but treatment is not uniform. Professional optical services and goods such as spectacles or contact lenses can fall under different VAT rules depending on the nature of each supply, who it is supplied to and the circumstances involved. Registration thresholds and what needs to be charged depend on your own situation.
Yes. Payroll support can cover employed optometrists, dispensing opticians, optical assistants and administrative staff, including PAYE, deductions, pension duties and reporting. Where practices use self-employed contractors or locum cover, payment records need to be clear too. Requirements vary with how your team is engaged.
Switching is usually straightforward. We can review your current records, confirm what is outstanding and take over the ongoing bookkeeping, accounts and tax work. If you are unsure whether your existing records are complete, that can be checked as part of the process. Tell us how your optical business currently operates and we can take it from there.