Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Hambrook
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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 rarely have a simple set of accounts. Professional fees, goods, stock and equipment can be treated differently, and the picture changes again depending on whether you work alone, share profits in a partnership or trade through a limited company.
- Mixed income streams – Sight testing fees, dispensing services and retail sales often need to be tracked separately so that reported income reflects the business accurately.
- Stock and inventory – Frames, lenses and contact lenses held for resale affect year-end figures, so stock recording and valuation need consistent, sensible treatment.
- Equipment and practice costs – Testing equipment, fitting tools, premises costs and professional expenses can each carry different accounting and tax treatment.
- Payroll and staff – Employing optometrists, dispensing opticians or support staff brings payroll, pensions and payments to contractors into the picture.
- VAT on different supplies – Professional services and optical goods can be treated differently for VAT, so the position depends on the nature of each supply.
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 look after the day-to-day accounting and tax work behind an optical business, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT matters where relevant. Because they work with optical practices, they understand income from professional services alongside sales of spectacles, contact lenses and other optical goods.
We work with independent optical practices, optometrists, dispensing opticians, self-employed optical professionals, practice owners and limited companies. The right support depends on how you are structured and how you earn income, so sole traders, partnerships and companies are each handled according to their own circumstances.
Yes. Locum and self-employed optometrists and dispensing opticians often need Self Assessment, help with allowable expenses and clear records of income from different practices or sessions. What can be claimed depends on your individual circumstances, and we help you keep the records that support your return.
It varies. Some practices need bookkeeping, payroll and VAT support, while others mainly need annual accounts and Corporation Tax. Many want management accounts or tax planning as they grow. The appropriate combination depends on your structure, your income streams, whether you hold stock or employ staff, and your own circumstances.
Frames, lenses, contact lenses and consumables held for resale should be recorded consistently, with a sensible approach to valuing stock at the year end. Expenses such as equipment, premises costs and professional fees should be kept alongside the paperwork that supports them, because treatment can differ between items.
Possibly. Optical businesses can supply professional services as well as optical goods, and these supplies can carry different VAT treatments, so registration and treatment depend on the nature of each supply and your circumstances. It is worth reviewing the position rather than assuming one rule covers everything.
Yes. If you employ optometrists, dispensing opticians, optical assistants or reception staff, payroll support can cover pay, deductions and reporting obligations, along with payments to contractors where relevant. The scope depends on how your practice is set up and what you already handle in-house.
Get in touch and tell us about your practice or your self-employed work, including your structure, income, stock and what you need help with. We can then explain which services are relevant and how ongoing support would work. Moving across from another accountant is usually straightforward.