Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Greater London
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Opticians, Optometrists and Dispensing Opticians 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 combine clinical professional services with the sale of spectacles, contact lenses and other goods. That mix can make bookkeeping, tax and VAT more complex than for businesses with a single income stream.
- Multiple income streams – Professional fees, spectacles, contact lenses and other optical goods may need separate recording so income is clear.
- Stock and inventory control – Frames, lenses, contact lenses and accessories can tie up cash and need accurate stock records.
- Equipment and professional expenses – Testing equipment, IT, subscriptions, continuing education and practice costs need correct treatment in accounts.
- Payroll and contractor payments – Optical practices may pay optometrists, dispensing opticians, locums and support staff, creating payroll or contractor reporting duties.
- VAT on mixed supplies – Professional services and optical goods can have different VAT treatments, so records must distinguish 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.
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 help optical professionals and businesses with accounting and tax administration, which may include bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support. The exact work depends on whether you are a sole trader, partner, limited company, self-employed optometrist or practice owner.
They can support independent opticians, optometrists, dispensing opticians, self-employed optical professionals, optical practice owners, partnerships and limited companies. Because roles and business models differ, the accounting focus may range from locum income and expenses to practice stock, staff, equipment, premises and multiple income streams.
Yes. Support can cover income from eye examinations, contact lens work, locum assignments or other professional services, along with allowable expenses such as equipment, travel, subscriptions and insurance. Records should reflect actual circumstances, and tax treatment depends on individual factors, so advice is tailored rather than generic.
It varies. Some practices need bookkeeping, payroll, VAT support and management accounts, while others need annual accounts, Corporation Tax or Self Assessment. Optical practices may also need help tracking stock, spectacles, contact lenses, equipment, premises costs and staff payments. The right combination depends on structure, turnover and how the practice operates.
Yes. Bookkeeping can be set up to record professional income, optical goods sales, stock purchases, equipment, premises costs and other expenses. Self Assessment may be relevant for sole traders, partners and some company directors. The correct approach depends on your business structure, income sources and personal circumstances.
Yes, for limited companies. Annual accounts and Corporation Tax returns need to reflect the company’s income, expenses, stock, payroll and other obligations. Optical practices with company structures may also need to consider director Self Assessment and VAT where applicable. Specific treatment depends on the company’s circumstances.
Stock such as frames, lenses, contact lenses and accessories should be recorded accurately so accounts reflect purchases, sales and remaining inventory. Business expenses like equipment, professional subscriptions, insurance, premises costs and staff wages should be supported by proper records. Clear bookkeeping helps separate business costs from personal spending and supports tax reporting.
Possibly. VAT treatment can differ between professional optical services and supplies of optical goods such as spectacles or contact lenses, and it depends on the nature of each supply and the business’s circumstances. Registration thresholds and exemptions can also be relevant, so specialist advice should be sought before deciding how to treat particular sales.