Accountants for Opticians

Accountants for Opticians

Our specialist accountants and tax advisors offer extensive experience in the optician sector. They provide a client-focused service to ensure all accountancy and taxation requirements are handled smoothly and efficiently.

As members of Chartergroup Healthcare, our team ensures clients stay up to date with the latest sector developments. We also offer complimentary services:

  • Email or telephone advice on business-related issues
  • Regular email business and tax tips newsletter
  • Reminders of key filing dates

Accountancy Services for Opticians

Preparation of annual accounts

This service involves compiling the yearly financial statements for an your practice, ensuring they meet regulatory standards and provide an accurate summary of the practice’s financial performance.

Tax returns

Preparing and filing tax returns ensures that an optician’s practice complies with HMRC regulations, while also identifying opportunities to minimise tax liabilities.

Financial planning and pensions

Financial planning and pensions services help you manage your finances, plan for retirement, and optimise pension contributions to secure future financial wellbeing.

Partnership changes

This service assists with the financial and legal aspects of altering the partnership structure within a practice, ensuring a smooth transition and continued compliance with legal requirements

Capital tax planning

Capital tax planning involves strategies to minimise taxes on the sale or transfer of business assets, helping you retain more of your practice’s value during transactions.

Inheritance tax planning

Inheritance tax planning helps opticians structure their estate to reduce the inheritance tax burden on heirs, ensuring that more of their wealth is passed on to the next generation.

VAT advice, including different apportionment methods and partial exemption

Providing expert guidance on VAT issues, including the application of various apportionment methods and handling partial exemptions, to ensure compliance and optimise VAT efficiency.

Payroll services

Payroll services manage the payment of staff at an optician’s practice, ensuring correct tax, National Insurance, and pension contributions are made, while also keeping up with payroll regulations

Incorporation advice

Incorporation advice involves guiding opticians on the benefits and implications of incorporating their practice, including the tax, legal, and financial advantages of operating as a limited company.

Why Choose Us

We understand the unique financial pressures and regulatory requirements faced by dentists, doctors, pharmacists, and opticians, from managing tax efficiencies to navigating NHS contracts, private practice income, and compliance with industry-specific regulations. Our proactive approach focuses on streamlining your financial operations, improving cash flow, and maximising profitability while ensuring you remain fully compliant. With our specialised knowledge and dedicated support, we help you focus on delivering high-quality patient care, knowing that your financial health is in expert hands.

Local Knowledge
Expertise and Experience
Proactive Approach

Get in Touch With An Expert Today