Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Andover
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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 rarely fit a simple accounting mould. Professional income, goods sold, stock, equipment and staff costs all interact, which can make record keeping and tax reporting more involved than for a business offering services alone.
- Mixed income streams: Professional optical income and retail sales may need separating clearly, so accounts and tax returns reflect each correctly.
- Optical stock and inventory: Spectacles, contact lenses and frames tie up money in stock, so accurate records support cash flow and year-end valuations.
- Equipment and practice costs: Specialist diagnostic equipment, fitting tools and premises costs can involve capital allowances and apportionment questions.
- Staff and contractor payments: Payroll for practice staff, plus payments to locums or associates, needs correct treatment for tax and reporting.
- VAT on mixed supplies: Professional services and optical goods can have different VAT treatments, so each supply needs reviewing on its own facts.
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 affairs of optical professionals and businesses. That typically includes bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll, tax planning and VAT support where applicable, with records structured around professional income, optical goods, stock, equipment and practice costs.
Support can cover independent opticians, optometrists, dispensing opticians, self-employed optical professionals, locums, practice owners, partnerships and limited companies. Because these roles and structures differ, the accounting and tax requirements are reviewed individually rather than assumed to be the same for everyone.
Yes. Self-employed opticians, optometrists and dispensing opticians often need help with record keeping, expenses, Self Assessment and tax planning. Where someone works through a limited company or as part of a partnership, the reporting, payment and compliance requirements differ, so the approach is tailored to the actual structure.
Bookkeeping and Self Assessment are core parts of the support available. Clean records make tax returns far easier, particularly where income comes from several sources such as practice work, locum sessions and product sales. The detail required depends on your circumstances and how your income is earned.
Stock such as frames, lenses and contact lenses should be tracked so that purchases, sales and closing stock are reflected accurately. Business expenses, including equipment and premises costs, need proper records and receipts. How each item is treated for tax can vary, so it is worth reviewing specific costs rather than assuming a standard answer.
VAT can be relevant for optical businesses, but treatment is not uniform. Professional services and supplies of optical goods such as spectacles and contact lenses can be treated differently, and the position depends on the nature of each supply and the circumstances of the business. Registration thresholds and specific supplies should always be reviewed individually.
Payroll support can cover practice staff, whether they work in dispensing, reception, administration or clinical roles. Payments to locums and associates may need different treatment from employee wages, so it helps to keep those arrangements clearly documented and correctly reported for tax purposes.
Switching accountants is usually a straightforward process. It helps to have recent accounts, tax returns and bookkeeping records available so the position can be reviewed properly. Once the handover is understood, ongoing support can continue without unnecessary disruption to your optical business.