Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Longfield
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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 combine professional services with the supply of goods, premises, equipment and staff. That mix makes record keeping and tax administration more detailed than for businesses selling only their time or only products.
- Multiple income streams: Professional eye examinations, spectacle sales and contact lens supply can create several income streams that need careful, consistent recording.
- Stock and inventory: Frames, lenses and contact lenses tie up money in stock, so ordering, valuation and shrinkage directly affect margins and year-end figures.
- Equipment and professional expenses: Test equipment, diagnostic tools and continuing professional development costs need accurate recording and should be claimed only where eligible.
- Payroll and staffing: Employed optometrists, dispensing opticians and support staff bring PAYE and pensions into the picture, alongside locum or contractor payments.
- VAT on mixed supplies: Professional services and optical goods can be treated differently for VAT, so the nature of each supply and the circumstances of the business matter.
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 sits behind an optical business or professional career. That can include bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support, adapted to how you earn income and whether you sell optical goods as well as services.
Support is available for independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and other optical businesses. Sole traders, partnerships and limited companies all have different reporting and tax obligations, so the appropriate approach is based on your structure, income and circumstances rather than a single template.
Yes. Self-employed optometrists and locum opticians often need help with Self Assessment, recording expenses and keeping income records clear. Whether you provide professional services only or also supply spectacles and contact lenses, records need to distinguish the different types of income and cost accurately.
Yes. Bookkeeping can cover daily takings, supplier invoices, stock purchases and equipment costs, keeping records organised through the year. Self Assessment support then draws on those records for the tax return. What is required depends on your circumstances, including whether you trade alone, in partnership or through a limited company.
For limited companies, annual accounts and Corporation Tax returns are generally required each year, and statutory accounts may also be needed. The work involved depends on the size of the company, its income streams and whether it holds stock or equipment. Partnerships and sole traders have different requirements.
Stock such as frames, lenses and contact lenses should be tracked consistently so purchases, remaining inventory and cost of sales are accurate at year end. Expenses including equipment, professional fees, premises and staff costs should be recorded with clear supporting documentation, as what can be claimed depends on individual circumstances.
It depends. VAT registration depends on turnover and the nature of supplies, and optical businesses often make a mix of supplies — professional services alongside goods such as spectacles and contact lenses — which can be treated differently. The correct treatment depends on the specific supply and the circumstances of the business.
Yes, switching accountants is a familiar process. Once you get in touch, the practical steps and information required can be explained, and support continues from there. Any handover arrangements depend on your current circumstances, so it is worth discussing what you already have in place before making the change.