Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Wotton-under-Edge
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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 fit a single accounting template. Professional fees, optical goods, stock, equipment and premises costs all behave differently, and how each is recorded and taxed varies with the business structure and what it supplies.
- Mixed income streams — examination fees, contact lens plans and retail spectacle sales may need separating so income and margins are reported accurately.
- Stock and inventory — frames, lenses and contact lenses tie up cash, and accurate stock records support reliable margins and year-end figures.
- Equipment and professional expenses — specialist instruments, testing equipment, calibration, subscriptions and indemnity cover may be treated differently from everyday running costs.
- VAT on mixed supplies — professional services and optical goods can have different VAT treatments depending on the nature of each supply and the circumstances of the business.
- Payroll, contractors and premises — practice staff, locum optometrists, rent and business rates all carry tax and record-keeping obligations that need consistent handling.
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 work specific to optical businesses — bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where relevant. That includes recording professional fees alongside sales of spectacles, contact lenses and other optical goods, so the figures reflect how your practice actually trades.
Independent opticians, optometrists, dispensing opticians, self-employed optical professionals, locum practitioners, practice owners and limited company optical businesses. Because these roles and business models differ, support is shaped around how you earn income and how your business is structured rather than a fixed template.
Yes. Self-employed and locum optical professionals typically need help with record keeping, expenses and Self Assessment, including understanding which costs relate to their professional work. If you also sell goods or work through a limited company, the requirements can differ, so it is worth discussing your circumstances.
It depends on the practice. Many need bookkeeping, annual accounts, payroll and tax administration, while others also require VAT support, management accounts or help reviewing their business structure. A practice employing staff, holding stock and selling optical goods alongside professional services usually has wider requirements than a sole practitioner.
Frames, lenses and contact lenses should be tracked as stock, with purchases and cost of sales recorded consistently so margins are clear. Expenses such as specialist equipment, calibration, professional indemnity cover and practice running costs should be kept separate and supported by records. The correct treatment depends on your circumstances and the nature of each cost.
Sometimes. VAT treatment depends on the nature of each supply and the circumstances of the business. Professional optical services and supplies of optical goods such as spectacles and contact lenses can be treated differently, and neither exemption nor standard-rating should be assumed. It is worth taking advice based on what you actually supply.
Yes. Payroll support can cover employees such as optical assistants, dispensing staff and reception teams, including PAYE, deductions and reporting obligations. Payments to locum optometrists or other contractors raise different questions about status and tax, which should be reviewed based on how the arrangement works in practice.
Yes, and the transition is usually straightforward. Once you get in touch, existing records, deadlines and outstanding obligations can be reviewed so the changeover happens without disrupting your reporting. What is involved depends on the state of your records and how your business is structured.