Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Faversham
4.9/5.0
Google Reviews
⭐ What Clients Say About Us
See what doctors, dentists, and care providers say about working with us.
Opticians, Optometrists 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 fit a simple accounting template. Income can come from eye tests, spectacles, contact lenses and other goods, each with its own bookkeeping and tax questions, and costs range from equipment to premises.
- Mixed income streams — Professional fees, retail spectacle sales and contact lens income often need recording separately so reporting stays accurate and meaningful.
- Stock and inventory — Frames, lenses and contact lenses tie up money, so stock levels, ordering and cost of sales need careful tracking.
- Equipment and practice costs — Testing equipment, fitting tools, software and premises running costs must be recorded clearly to support accurate expense claims.
- Payroll and staff — Optometrists, dispensing opticians, optical assistants and locums can create varied payroll and contractor payment arrangements.
- VAT on different supplies — Professional optical services and optical goods can be treated differently for VAT, 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
Accountants for Opticians provide accounting, tax and compliance support shaped around optical work. That can include bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where it applies, along with help recording professional income, spectacle and contact lens sales, stock, equipment and practice costs. The exact support depends on how you trade and what your practice needs.
Support can be tailored to independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and limited companies running optical businesses. Because these roles and business models differ, the accounting work differs too. A locum optometrist's tax position is not the same as a practice with employees, stock and premises.
Yes. Self-employed optometrists, locum opticians and dispensing opticians often need Self Assessment, clear records of income from different practices or sessions, and guidance on allowable expenses such as professional fees, equipment and travel between sites. How expenses and income are treated depends on your individual circumstances, so it is worth reviewing your position rather than assuming.
It varies. Many practices need bookkeeping, annual accounts, Corporation Tax, payroll and management accounts, with VAT support where relevant. Practices holding stock of frames, lenses and contact lenses also benefit from clear records of purchases, sales and stock levels. Which services apply depends on your structure, turnover and how the practice operates.
Possibly. Registration depends on your taxable turnover and circumstances, and optical businesses can have mixed supplies. Professional optical services, spectacles, contact lenses and other goods may be treated differently for VAT, so the position needs reviewing on the facts of each supply rather than assumed. We can help you work through what applies to your practice.
Frames, lenses, contact lenses and accessories should be tracked as stock, with purchases, sales and remaining inventory recorded consistently so cost of sales is accurate. Business expenses such as testing equipment, fitting tools, practice software, premises costs and staff wages should be kept with supporting records. Clear, up-to-date bookkeeping makes accounts and tax returns far easier to prepare.
Yes, changing accountants is usually straightforward. We can review your existing records, confirm what information is needed and handle the handover so your bookkeeping, accounts and tax filings continue without unnecessary disruption. The exact steps depend on your current arrangements and how your records are kept.
Get in touch and tell us about your work, how the business is structured and what you need help with, whether that is Self Assessment, annual accounts, payroll, VAT support or general bookkeeping. From there, we can identify the appropriate support for your circumstances and explain the next steps clearly.