Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Feltham
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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 professional work with retail sales, which means the accounting picture is rarely straightforward. Income, stock, equipment and VAT can all behave differently from a business that only sells its time and expertise.
- Mixed income streams: professional fees from eye examinations, contact lens checks and dispensing advice sit alongside revenue from eyewear, and each needs separate, accurate recording.
- Stock and inventory: frames, lenses and contact lenses tie up money and move at different rates, so stock valuation and purchasing records need consistent attention.
- Equipment and practice costs: diagnostic instruments, optical equipment, testing room set-up, premises costs and repairs can be treated differently depending on how they are used.
- Staff payroll and contractors: employed optometrists, dispensing opticians, optical assistants and locum cover bring varied payroll, pension and contractor payment considerations.
- VAT on mixed supplies: professional services and optical goods can fall under different VAT treatments depending on the nature of each supply, so records must distinguish them clearly.
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 handle the bookkeeping, tax and reporting work that optical professionals and practices need. That can include annual accounts, Self Assessment, Corporation Tax, payroll and VAT support, alongside help with stock records, equipment costs and understanding how different income streams should be recorded.
Support can cover independent opticians, optometrists, dispensing opticians, self-employed optical professionals and practice owners operating as sole traders, partnerships or limited companies. The right approach depends on how you earn income, whether you sell optical goods, and how the business is structured and staffed.
Yes. Self-employed optometrists, locums and dispensing opticians often need help with record keeping, expenses and Self Assessment, particularly where income comes from more than one source. The way income and costs are recorded depends on your individual circumstances, so it is worth reviewing the position before the filing deadline approaches.
It varies. Many practices need bookkeeping, annual accounts, payroll for staff and Corporation Tax or Self Assessment support, plus management accounts and tax planning. Where VAT applies, support with returns and record keeping is often relevant too. The appropriate combination depends on whether you are a sole trader, partnership or limited company and how the practice operates.
Spectacles, contact lenses and other optical goods are typically recorded as sales of goods, with the related stock and cost of purchases tracked separately from professional fees. How this appears in your accounts depends on your records and business structure, and where VAT applies the treatment of goods can differ from that of services.
Not all of them, but it is worth checking. Optical businesses can supply professional services and physical goods such as spectacles and contact lenses, and these supplies may not be treated the same way for VAT. Whether registration is required, and how each supply should be treated, depends on the nature of the supply and your circumstances.
Yes. Many businesses change accountants, and the handover can usually be managed without disrupting your trading. It helps to have recent accounts, tax returns and bookkeeping records available so your position can be reviewed and the relevant deadlines identified clearly.
Get in touch and tell us about your practice or professional work, including how the business is structured and what support you need. We can then review your accounting and tax requirements and explain the next steps clearly, with no hidden fees.