Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Brockham
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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 services with retail sales, and that mix can make record keeping, tax reporting and cash flow more complicated than a purely service-based business. The challenges below are the ones that tend to matter most.
- Multiple Income Streams — Eye examinations, spectacle sales and contact lens supply can be recorded differently, so separating income streams helps keep your reporting and margins accurate.
- Stock and Lens Inventory — Frames, lenses and contact lenses tie up cash, so consistent stock records help you track what is selling and avoid over-ordering.
- Equipment and Practice Costs — Testing equipment, diagnostic tools, premises costs and professional indemnity cover need to be recorded correctly to support accurate expense claims.
- Payroll and Locum Payments — Employed staff, locums and associate optometrists can be paid in different ways, each carrying its own tax and payroll treatment.
- VAT on Mixed Supplies — Professional services and optical goods can have different VAT treatments, so it is worth confirming the position for each type of 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
They handle the accounting and tax administration that optical professionals and practices deal with, including bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where applicable. The aim is accurate records and returns that reflect how your practice or professional role actually operates.
We work with self-employed optometrists, locums, dispensing opticians, partnerships, independent optical practices and limited companies. Requirements differ depending on whether you provide clinical services, sell spectacles and contact lenses, employ staff or hold stock, so support is shaped around your circumstances.
Yes. Bookkeeping can cover professional fees, spectacle and contact lens sales, stock purchases, equipment and practice expenses, giving a clear picture of income and costs. Self Assessment then draws on those records for sole traders and partners, with the exact entries depending on your circumstances.
Yes. Limited companies need annual accounts and a Corporation Tax return, and optical practices often have several income streams plus stock and equipment to account for. We prepare those figures from your records, and the treatment of specific items depends on the nature of each expense or supply.
Possibly. VAT treatment depends on the nature of each supply and your circumstances. Professional optical services and the supply of optical goods such as spectacles and contact lenses can be treated differently, and registration thresholds and exemptions vary, so it is worth reviewing your specific services rather than assuming one rule covers everything.
Frames, lenses and contact lenses should be tracked as stock, with purchases and sales recorded consistently so margins stay visible. Equipment, premises costs, professional indemnity cover and staff costs are usually recorded as business expenses, but what qualifies depends on the item and your business structure.
Yes, switching accountants is usually straightforward. We can pick up your existing records and history, confirm what needs to be filed and when, and take over the relevant accounting and tax work. It helps to have your latest accounts, returns and bookkeeping up to date beforehand.
Get in touch and tell us about your practice or professional role, how you are structured and what you need help with. We can then outline which accounting and tax services are relevant, agree clear fees, and explain what information we need from you.