Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Storrington
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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 clinical work with retail sales, stock and specialist equipment. That mix makes bookkeeping, tax and VAT questions more involved than they first appear, particularly when several income streams run alongside one another.
- Mixed income streams: Clinical fees, contact lens aftercare and spectacle sales behave differently in the accounts, so each stream needs separate recording.
- Stock and inventory: Spectacle frames, lenses and contact lenses need accurate stock records, otherwise margins, cost of sales and year-end figures can drift.
- Equipment and professional expenses: Diagnostic instruments, testing equipment and indemnity cover may qualify for relief, though the treatment depends on how each item is used.
- Payroll and staff costs: Optometrists, dispensing opticians, assistants and reception staff can be employed or engaged differently, each carrying distinct payroll and tax consequences.
- VAT on mixed supplies: Professional services and sales of spectacles or contact lenses can follow different VAT rules, so treatment depends on each supply and the circumstances.
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 Around 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 look after the day-to-day accounting and tax side of running an optical business. That typically covers bookkeeping, Self Assessment or Corporation Tax, annual accounts, payroll and VAT support where it applies, with records kept in a way that reflects professional fees, optical goods and stock.
Support is available to independent opticians, self-employed optometrists, dispensing opticians, locums, practice owners and limited companies operating in the optical sector. Because roles, income and structures differ, the accounting work is tailored to each situation rather than treated as one standard service.
Yes. Self-employed optometrists, locums and dispensing opticians often need Self Assessment, clear bookkeeping and help separating professional fees from any goods or expenses. The position depends on how you work, whether you operate through a limited company and how your income is earned.
It varies. Many practices need bookkeeping, annual accounts and either Self Assessment or Corporation Tax, plus payroll where staff are employed. Practices selling spectacles and contact lenses often need stock records and support with VAT treatment, which depends on the nature of each supply.
They may. VAT registration depends on turnover and circumstances, and the treatment of optical supplies varies. Professional services and goods such as spectacles or contact lenses can be treated differently, so it is worth reviewing each type of supply rather than assuming a single rule applies.
Yes. Payroll support can cover optometrists, dispensing opticians, optical assistants and reception staff, whether they are employed or engaged on other arrangements. Different working arrangements carry different tax and payroll obligations, so the correct treatment depends on how each person is engaged.
Yes, switching accountants is usually straightforward. The practical steps involve confirming the change with your existing accountant, transferring records, and making sure deadlines for accounts, tax returns and payroll are covered during the transition. Timing the move between reporting periods often keeps things simpler.
Get in touch and tell us about your optical business, your services, structure, income and any stock or optical goods you supply. From there, the accounting and tax support that applies to your circumstances can be reviewed and put in place.