Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Dagenham
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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 have a simple set of books. Professional fees, retail sales, stock, equipment and staff costs all behave differently, and the accounting picture changes depending on whether you work alone, in partnership or through a limited company.
- Blended income streams — Professional eye examination fees, spectacle and contact lens sales and any NHS or insurance work each need separate, accurate recording.
- Stock and inventory — Frames, lenses and contact lenses tie up money, so stock levels, purchases and shrinkage need tracking to keep margins realistic.
- Equipment and professional expenses — Sight-testing equipment, fitting tools, professional indemnity and continuing education are treated differently and need correct categorisation.
- Payroll and staff costs — Employed optometrists, dispensing opticians and support staff bring payroll, pension and contractor payments that must be handled correctly.
- VAT on mixed supplies — Professional services and optical goods can fall under 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 day-to-day accounting and tax work behind an optical business or professional career. That can include bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where applicable, along with advice on how professional fees, spectacle and contact lens sales and practice costs should be recorded. The exact scope depends on how you are set up.
Support can be arranged for independent opticians, optometrists, dispensing opticians, self-employed locums, optical practice owners, partnerships and limited companies. Because roles and business models differ, the accounting requirements are not the same for everyone. A locum reporting professional income has different needs from a practice employing staff, holding stock and selling optical goods.
Yes. Self-employed optometrists and dispensing opticians often work across several practices, which means keeping accurate records of fees, travel, equipment and professional expenses. Self Assessment and bookkeeping support can be built around that pattern, and we can also help you consider whether a different business structure might suit you better.
It varies. Many practices need bookkeeping, payroll, annual accounts and Corporation Tax, while those registered for VAT also need support with returns. Practices holding stock, equipment and multiple income streams often benefit from management accounts too. We agree the services that fit your circumstances rather than applying a fixed package to every optical business.
Frames, lenses and contact lenses should be tracked as stock, with purchases, sales and stock levels recorded consistently so margins are realistic. Equipment, professional indemnity, continuing education and premises costs need correct categorisation, because some items may be treated differently for tax. Accurate records through the year make the year-end accounts and tax returns far more straightforward.
Sometimes, and the position is not identical for every supply. Optical businesses may provide professional services and also sell spectacles, contact lenses and other goods, and different supplies can have different VAT treatments. Registration depends on turnover and the nature of what is supplied, so the treatment should be reviewed against your own circumstances.
Yes. Switching accountants is usually straightforward, and we can liaise with your existing adviser to obtain the records and information needed to take over. It helps to plan the change around your year end so nothing is missed, and we will confirm what information is required before anything moves.