Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Egham
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Opticians and Optical Businesses 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 single, simple income stream. Combining professional eye care with the sale of spectacles and contact lenses, while managing stock, equipment and staff, means the accounts need careful handling.
- Mixed Income Streams — Professional fees, contact lens schemes and spectacle sales each need separate recording so reporting stays accurate.
- Stock and Inventory — Frames, lenses and contact lenses tie up money, so valuation and stock management need regular attention.
- Equipment and Practice Costs — Testing equipment, software, maintenance and premises costs should be recorded correctly and reviewed regularly.
- VAT on Different Supplies — VAT treatment can differ between professional services and goods such as spectacles, depending on the supply.
- Payroll and Staff — Optometrists, dispensing opticians, assistants and locums can be employees or contractors, each with different tax and payroll treatment.
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 practices. That can include bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll, tax planning, VAT support where applicable, and help with choosing or changing a business structure. The exact mix depends on how you trade.
Support is available to independent optical practices, practice owners, self-employed optometrists and locums, dispensing opticians and other optical businesses. Sole traders, partnerships and limited companies are all catered for, although reporting and tax requirements differ depending on how the business is structured and how income is earned.
Yes. Self-employed optometrists, locums and dispensing opticians typically need clear bookkeeping and Self Assessment support, with records that separate professional fees from any goods sold. Where you also run a practice through a limited company, separate accounts and returns may be needed for each.
It varies. Many practices need bookkeeping, annual accounts, payroll and Corporation Tax support, plus management accounts to track performance. Practices holding stock such as frames, lenses and contact lenses also need reliable records for those costs. Which services are appropriate depends on your structure, income streams and circumstances.
They may. VAT treatment can differ between professional optical services and goods such as spectacles and contact lenses, so registration and the treatment of individual supplies depend on the nature of what is supplied and the circumstances of the business. It is worth reviewing your position rather than assuming a blanket rule applies.
Stock such as frames, lenses and contact lens supplies should be tracked so purchases, holdings and cost of sales are reflected accurately in the accounts. Business expenses — equipment, premises, software and professional costs — should be recorded with clear supporting documentation so the correct treatment can be applied.
Yes. Switching is usually straightforward. Once you get in touch, the records and information needed to take over the accounting can be identified, and ongoing bookkeeping, accounts, tax and payroll support can continue without unnecessary disruption to your practice.
Get in touch and tell us about your practice, the services you provide, your business structure and the support you need. From there, the relevant accounting and tax requirements can be identified and an approach agreed that suits how your optical business operates.