Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Tower Hamlets
4.9/5.0
Google Reviews
⭐ What Clients Say About Us
See what doctors, dentists, and care providers say about working with us.
Opticians and Optometrists 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 trading, which creates accounting questions a standard small business accountant may not anticipate. Keeping accurate records across several income streams, stock lines and equipment purchases takes consistent attention throughout the year, not just at deadline time.
- Mixed income streams: Professional fees, spectacle sales and contact lens income may need separate recording, which affects reporting and tax planning.
- Stock and inventory: Frames, lenses and consumables tie up cash and need accurate year-end valuation to keep accounts and tax reliable.
- Equipment and practice costs: Sight-testing equipment, fitting tools and premises costs are relevant expenses, but records must support every claim made.
- Payroll and staff: Employed optometrists, dispensing opticians, optical assistants and locum arrangements each carry different payroll and reporting responsibilities.
- VAT on mixed supplies: Professional services and goods such as spectacles can have different VAT treatments, so VAT depends on 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
Accountants for Opticians handle the day-to-day accounting and tax work that optical professionals and practices need, including bookkeeping, annual accounts, Self Assessment, Corporation Tax and payroll. Because optical businesses often mix professional fees with sales of spectacles and contact lenses, records need to be kept in a way that reflects each income stream accurately.
Support is available for independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies. The accounting requirements differ depending on how you earn income and how the business is structured, so the work is tailored to your circumstances rather than applied in the same way to every optical business.
Yes. Self-employed optometrists and locum opticians often need Self Assessment support, clear records of professional income and help claiming genuinely relevant expenses. If you also run a limited company practice or work through a partnership, those elements can be handled alongside your personal tax position so the whole picture stays consistent.
Yes. Bookkeeping can cover professional fees, spectacle and contact lens sales, stock purchases, equipment, premises costs and staff wages, while Self Assessment deals with your personal tax position. The exact records and deadlines depend on your structure, so it helps to review how you currently keep information before making changes.
Yes. Limited company practices typically need annual accounts and a Corporation Tax return, supported by records covering stock, equipment and expenses. Deadlines and the treatment of particular costs depend on individual circumstances, so figures should always be reviewed before returns are prepared and submitted.
Potentially. Optical businesses may supply professional services alongside goods such as spectacles, contact lenses and accessories, and these can have different VAT treatments depending on the nature of the supply and your circumstances. It is worth reviewing your income streams and turnover position rather than assuming one treatment covers everything.
Yes. Payroll support can cover employed optometrists, dispensing opticians, optical assistants and reception staff, including PAYE, pension obligations and payslips. Where locums or subcontractors are used, the correct treatment of those payments depends on the working arrangements, so each engagement is worth checking individually.
Yes. Moving from another accountant usually means reviewing existing records, previous returns and ongoing bookkeeping so the changeover runs smoothly. It helps to have up-to-date information on your structure, income streams and any VAT position before the handover begins.