Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Wells
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Opticians, Optometrists and Optical 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 single accounting mould. Professional eye care, retail sales of spectacles and contact lenses, equipment and staff all create different records, and how they are treated depends on your structure and circumstances.
- Mixed income streams: professional eye examination fees and retail sales of spectacles or contact lenses may need separate tracking through the books.
- Stock and inventory: frames, lenses and contact lenses tie up cash and need accurate valuation at your year end.
- VAT on mixed supplies: professional services and optical goods can be treated differently, so treatment depends on the nature of each supply.
- Equipment and practice costs: testing equipment, fitting tools, premises costs, staff wages and contractor payments all need correct treatment.
- Bookkeeping and deadlines: records spread across several income streams can make Self Assessment or Corporation Tax deadlines harder without regular upkeep.
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 accounting and tax side of an optical business or professional career. That can include bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where relevant, along with advice on how optical income, stock and equipment should be recorded.
Support is available to independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and other optical businesses. Because sole traders, partnerships and limited companies have different reporting and tax obligations, the accounting approach is matched to how you are structured and how you earn income.
Yes. Self-employed optometrists and locum opticians often have several income sources and variable expenses, so records need to be kept clearly throughout the year. Self Assessment, allowable expenses and tax planning all depend on individual circumstances, and we can help you keep things organised.
It varies. Some practices mainly need bookkeeping, payroll and annual accounts, while others also need management accounts, tax planning, Corporation Tax filings or VAT support. The right combination depends on your structure, income streams and whether you sell optical goods alongside professional eye care services.
Frames, lenses and contact lenses are usually treated as stock or consumables and should be recorded consistently, with accurate figures at your year end. Equipment, premises costs, staff wages and professional expenses each need correct treatment, and the right approach depends on your business and circumstances.
Possibly. Professional optical services and the supply of optical goods such as spectacles, contact lenses and accessories can have different VAT treatments, so registration and treatment depend on the nature of each supply and your turnover. VAT is not automatic in either direction, and individual circumstances matter.
Yes. Payroll support covers employees such as dispensing opticians, optical assistants and reception staff, including wages, deductions and reporting obligations. Where practices use self-employed contractors, the correct treatment of those payments should be reviewed, as it depends on the working arrangements.
In most cases, yes. Switching generally involves passing your records across and making sure your reporting deadlines are covered during the changeover. We can talk you through what is needed for your practice and how the timing works around your year end or VAT periods.