Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Fawley
4.9/5.0
Google Reviews
⭐ What Clients Say About Us
See what doctors, dentists, and care providers say about working with us.
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 work with retail, and that mix creates accounting questions a general ledger alone will not answer. These are the challenges that tend to come up most often.
- Separating professional fees from product sales — Consultation and sight test income behaves differently from spectacle and contact lens sales, so records need to keep the two distinct.
- Stock and inventory control — Frames, lenses and contact lenses tie up money, and accurate stock records help avoid over-ordering, shrinkage and distorted margins.
- Equipment and professional expenses — Testing instruments, diagnostic equipment and continuing professional development costs need recording and correct treatment, which depends on individual circumstances.
- Payroll for mixed teams — Practices often employ optometrists, dispensing opticians, optical assistants and reception staff, each with different hours, rates and pay arrangements.
- VAT on mixed supplies — Professional services and optical goods can carry different VAT treatments, so advice should reflect the nature of each supply and the business's circumstances.
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 look after the day-to-day and year-end finances of optical professionals and businesses. That includes bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where relevant, all tailored to income from sight tests, spectacles, contact lenses and other optical goods.
They can support independent opticians, optometrists, dispensing opticians, locums and self-employed professionals, as well as practice owners operating as sole traders, partnerships or limited companies. The right approach depends on how you earn income, what you supply and how your business is structured.
Yes. Self-employed optometrists and locums often need help with Self Assessment, expense records and cash flow, particularly where income arrives from several practices. Sole trader accounts and tax planning can be arranged around your working pattern, with everything explained in plain terms.
It varies. A limited company practice may need annual accounts, Corporation Tax, payroll and management accounts, while a sole trader may only require bookkeeping and Self Assessment. Stock, equipment, premises costs and VAT considerations often feature too, but the exact mix depends on your circumstances.
Keep them separate. Stock such as frames, lenses and contact lenses should be tracked distinctly from equipment and general running costs, with receipts and invoices retained. How each item is treated for tax depends on its nature and your circumstances, so it is worth checking before year end.
Possibly. Optical businesses often supply both professional services and goods, and these can carry different VAT treatments depending on the nature of each supply and the circumstances of the business. Registration thresholds and partial exemption rules all matter, so VAT should be reviewed rather than assumed.
Yes. Payroll for optometrists, dispensing opticians, optical assistants and reception staff can be run alongside your other accounting work, including payslips and submissions to HMRC. Where self-employed contractors are used, their status and payment records should be reviewed carefully.
Yes. Switching is usually straightforward, and arrangements can be made for records, prior accounts and outstanding filings to be transferred over. It helps to have details of your current position to hand so everything can be reviewed clearly from the start.