Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Farnborough
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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 mix professional clinical work with retail sales, which means income, stock and tax can be more complex than for a purely service-based business. Keeping accurate records across both sides of the practice is usually where problems start.
- Multiple income streams: NHS or private eye examinations, contact lens fees, aftercare plans and spectacle sales may need tracking separately for accurate reporting.
- Stock and inventory: frames, lenses and contact lenses tie up cash, and stock levels directly affect your year-end accounts and profitability figures.
- Equipment and practice costs: testing equipment, fitting tools, IT systems and premises costs may qualify as expenses or capital items depending on your circumstances.
- VAT on mixed supplies: professional optical services and goods such as spectacles or contact lenses can have different VAT treatments depending on the nature of each supply.
- Payroll and tax administration: staff wages, locum payments and your own tax position all need handling correctly, particularly where the practice trades as a limited company.
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 that optical professionals and practices need, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where applicable. The focus sits on income from eye examinations, contact lens services and sales of optical goods, alongside stock, equipment and premises costs.
They can support self-employed optometrists and locums, dispensing opticians, independent opticians, practice partners and limited company optical practices, including owners who employ staff. Accounting needs vary depending on how each person or business is structured and how income is earned.
Yes. Self-employed optometrists and locums typically need help with bookkeeping, Self Assessment and tracking professional expenses, equipment costs and travel between practices. Where additional income or activities are involved, the position can become more involved, so circumstances are always reviewed individually.
That depends on the practice. Many need bookkeeping, annual accounts and Corporation Tax, plus payroll where staff or locums are paid. Practices selling spectacles and contact lenses often need stock records and VAT support as well. Not every practice requires every service.
Possibly. VAT treatment depends on the nature of each supply, and professional optical services and goods such as spectacles, lenses and contact lenses can be treated differently. Because the rules are detailed, it is worth checking how your particular mix of services and goods is treated.
Yes. These are core areas for optical professionals and practices, whether you operate as a sole trader, within a partnership or through a limited company. Records can be kept organised through the year so that accounts, tax returns and payroll information are ready as deadlines approach.
Changing accountants is generally straightforward, and existing records and filings can be passed across. It helps to time the move so that outstanding accounts, returns or payroll matters are not left unfinished, particularly if a filing deadline is approaching.
Get in touch and explain how your optical business or professional work is set up, how you earn income and what support you are looking for. From there, the accounting and tax services relevant to you can be outlined, along with the next practical steps.