Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Bognor Regis
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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 often combine clinical work with retail, and that mix shows up in the numbers. Income can arrive from several directions at once, and each one carries its own record-keeping and tax implications.
- Mixed income streams: Professional fees, NHS or private work and retail sales all need recording separately so each is treated correctly.
- Stock and inventory: Frames, lenses and contact lenses tie up money, so accurate stock records help prevent over-ordering and overstated costs.
- Equipment and professional expenses: Testing equipment, diagnostic instruments and continuing professional development costs need clear records to support any claims made.
- Premises and practice costs: Rent, business rates, utilities and fitting-room costs all affect profitability, and their treatment varies depending on what was spent.
- VAT on mixed supplies: Professional services and optical goods can be treated differently for VAT, so the nature of each supply matters.
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, annual accounts, tax returns and payroll that sit behind an optical business, as well as matters such as stock, equipment and VAT. Because optical practices often combine professional services with the sale of spectacles and contact lenses, the accounting work needs to reflect both sides.
We support independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies. Because roles, income streams and business structures differ, the accounting and tax requirements are not the same for everyone, and advice is shaped around how each individual or practice actually operates.
Yes. Self-employed optometrists and locums typically need help with record keeping, expenses and Self Assessment, while incorporated practices usually need annual accounts and Corporation Tax support. The right approach depends on how you work, what you earn and whether you operate as a sole trader, partner or limited company.
Most optical practices need bookkeeping, payroll and year-end accounts, and many also require Corporation Tax or Self Assessment support. VAT, stock records and management accounts become relevant depending on turnover and how the practice trades. Not every practice needs every service, so requirements are reviewed on an individual basis.
Yes. Bookkeeping underpins everything else, from daily takings and card receipts to supplier invoices for frames, lenses and equipment. Self Assessment then brings that information together for sole traders and partners. Keeping records up to date through the year makes the tax return process far smoother than a last-minute scramble.
Yes. Limited companies need annual accounts and a Corporation Tax return, while sole traders and partnerships deal with Self Assessment instead. Both routes rely on accurate figures covering professional income, sales of optical goods, staff costs and allowable expenses, and the detail matters when different income streams are involved.
Possibly. Optical businesses can have different VAT considerations because professional optical services and the supply of spectacles, contact lenses and other goods may be treated differently. Whether VAT registration is required, and how each supply should be treated, depends on the nature of the supply and your individual circumstances.
Yes, switching is usually straightforward. Once you get in touch, we can review your current position, confirm what is needed and liaise with your existing accountant to obtain the relevant records. Continuity matters, so the timing of any change is best planned around your year end and filing deadlines.