Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Westhoughton
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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 have a single, simple income stream. Sight tests, dispensing, contact lens schemes, product sales and staff costs all interact, and keeping the numbers accurate takes more than basic bookkeeping.
- Multiple Income Streams: Professional fees, private work and product sales each need separate tracking so your accounts reflect how the practice earns.
- Stock and Inventory: Spectacles, lenses, frames and contact lenses tie up money, so accurate stock records matter for margins and year-end accounts.
- Equipment and Professional Costs: Testing equipment, diagnostic tools and professional fees need correct treatment, with capital and revenue items considered carefully.
- Payroll for Practice Teams: Optometrists, dispensing opticians, optical assistants and locum cover create varied payroll and contractor payment considerations.
- VAT on Mixed Supplies: Professional services and optical goods can be treated differently for VAT, so treatment depends on the nature of 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
They provide accounting and tax support tailored to optical professionals and businesses. That can include bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll, tax planning and VAT support where applicable, all based on how your practice is structured and earns its income.
Independent opticians, optometrists, dispensing opticians, self-employed locums, practice owners and limited companies running optical businesses. Roles and business models differ, so support is tailored to how you work rather than applied in the same way to everyone.
Yes. Self-employed optometrists, dispensing opticians and locums often need help with Self Assessment, record keeping and expenses such as equipment, professional fees and travel. What counts as allowable depends on individual circumstances, so your position is reviewed rather than assumed.
It varies. Some practices mainly need bookkeeping, payroll and annual accounts, while others want management accounts, tax planning or support with stock and multiple income streams. Limited companies also need Corporation Tax returns, and VAT support may be relevant depending on turnover and the supplies made.
Spectacles and contact lenses are trading stock, so purchases, stock levels and sales feed into your accounts and affect reported profit. Record keeping needs to distinguish product sales from professional fees, which helps you understand margins and complete tax returns accurately.
Possibly. Professional optical services and the supply of optical goods can have different VAT treatments, and the position depends on the nature of each supply, your turnover and your circumstances. It is not a case of everything being exempt or everything being standard-rated, so each situation is reviewed individually.
Yes. Payroll support can cover optometrists, dispensing opticians, optical assistants and administrative staff, including PAYE, National Insurance and pension obligations. Payments to locums or other contractors need separate consideration, as the correct treatment depends on the working arrangements in place.
Yes. Changing accountant is usually straightforward and can typically be done at any point in the year. Providing details of your current setup, records and deadlines helps ensure the transition is handled smoothly, with continuity for returns, payroll and any ongoing compliance requirements.