Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Gosport
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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 often carry more financial moving parts than a straightforward service business. When professional income, product sales, stock and equipment all sit side by side, keeping records accurate and tax treatment correct takes careful attention.
- Separating income streams — Professional fees, dispensing income and product sales need clear separation so reporting reflects how the practice actually earns money.
- Optical goods and stock — Spectacles, frames, lenses and contact lenses tie up money in inventory, so stock records and margins need regular review.
- Equipment and professional costs — Testing equipment, diagnostic tools and professional indemnity costs need to be recorded and treated consistently.
- Payroll and staff costs — Optometrists, dispensing opticians and support staff create varied payroll, and locum or contractor payments need correct treatment.
- VAT on mixed supplies — Professional services and goods such as spectacles or contact lenses can have different VAT treatments depending on the 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.
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
Accountants for Opticians provide accounting, bookkeeping and tax support shaped around optical work. That typically includes preparing annual accounts, dealing with Self Assessment or Corporation Tax, managing payroll, and keeping records of professional income alongside sales of spectacles, contact lenses and other optical goods.
Support can cover independent opticians, self-employed optometrists, dispensing opticians, optical practice owners, partnerships and limited companies running optical businesses. Because roles, income streams and structures differ, the accounting needs of each professional or practice are reviewed individually rather than treated as identical.
Yes. Self-employed optometrists, locums and dispensing opticians often need help with record keeping, expenses and Self Assessment, including understanding which costs relate to professional work and which relate to any product sales. The right approach depends on how you earn income and how your work is structured.
It varies. Many practices need bookkeeping, annual accounts, payroll and tax support, along with clear records for stock, equipment and premises costs. Where a practice supplies both professional services and optical goods, VAT support may also be relevant. Services are matched to the practice rather than applied as a fixed package.
Purchases of frames, lenses and contact lenses are usually business costs when bought for resale, and sales of those goods form part of turnover. Stock should be recorded accurately, and when items are supplied to customers, the VAT treatment can depend on the nature of the supply and the circumstances.
They may. Optical businesses can supply professional services and optical goods, and different supplies can have different VAT treatments. Whether registration is required, and how individual sales should be treated, depends on turnover and the specific circumstances, so it is worth reviewing your position rather than assuming one rule applies.
Yes. Payroll support can cover optometrists, dispensing opticians, optical assistants and reception staff, including tax, National Insurance and pension duties where they apply. Payments to locums or other contractors can need different treatment, so it helps to review how each arrangement is set up.
Switching is usually straightforward. Once you get in touch, we can review your current position, confirm what information is needed and coordinate the handover so your bookkeeping, accounts and tax deadlines continue without disruption. Any outstanding filings or deadlines are identified as part of that review.