Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Hendon London
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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 mould. Professional fees, retail sales of spectacles and contact lenses, stock holding, equipment and practice overheads all interact, and the way each is recorded affects how the numbers look at year end.
- Mixed income streams — Professional fees, spectacles, contact lenses and accessories may need separating so each is reported and treated correctly.
- Stock and inventory — Frame ranges, lenses, contact lens stock and consumables tie up cash and need consistent valuation and recording.
- Equipment and practice premises — Testing equipment, dispensing tools, fittings and premises costs need clear records to support the right expense treatment.
- Payroll and staff costs — Optometrists, dispensing opticians, reception and support staff bring payroll, pension and contractor considerations that must be handled on time.
- VAT on mixed supplies — Professional services and optical goods can carry different VAT treatments, so each supply deserves individual review.
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 handle the bookkeeping, tax returns and reporting that sit behind an optical business. That can include Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where applicable, along with practical help separating professional fees from sales of spectacles, contact lenses and other optical goods.
Support can cover independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies. The right approach depends on how you work and how the business is structured, because a sole trader, partnership and limited company each face different reporting and tax requirements.
Yes. Self-employed optometrists and locums often need help with Self Assessment, expense records and understanding what can be claimed, while those running a practice may also need bookkeeping, payroll and annual accounts. The relevant support depends on your income, structure and circumstances rather than a fixed package.
It varies. Many practices need bookkeeping, annual accounts, Corporation Tax, payroll and management information, and some need VAT support where their supplies make it relevant. Because optical businesses often combine professional services with selling spectacles and contact lenses, the services that fit depend on turnover, structure and how the practice operates.
Stock such as frames, lenses and contact lens supplies should be recorded consistently, with purchases, sales and remaining stock kept up to date, because stock affects your figures at year end. Expenses like equipment, premises costs and staff wages need supporting records too, and how they are treated depends on the nature of the cost.
Possibly. VAT treatment depends on the nature of each supply and the circumstances of the business. Professional optical services and the supply of optical goods such as spectacles and contact lenses can be treated differently, so it is worth reviewing what you provide rather than assuming one rule applies to everything.
Yes. If you employ optometrists, dispensing opticians, reception or support staff, payroll needs to be run accurately with the right deductions and reporting. Where you engage self-employed contractors instead, their status and the way payments are recorded should be reviewed, as the treatment is not the same as employment.
Yes, switching is usually straightforward. It helps to have your latest accounts, tax returns and bookkeeping records to hand, and your current accountant can be asked to pass information across. We can then review your position and confirm what support fits your optical business.