Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Havering
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Opticians and Optometrists 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 often handle a mix of professional work and retail supply, which makes record keeping and tax reporting more involved than for a purely service-based business. The challenges below come up regularly for opticians, optometrists and dispensing opticians.
- Professional Income Across Several Sources: Session fees, locum work, private eye tests and NHS-related income can arrive in different ways, making it harder to track what has been earned and when.
- Stock and Optical Inventory: Frames, lenses, contact lenses and consumables need sensible stock records so that purchases, usage and closing stock figures are accurate at year end.
- Equipment and Practice Costs: Diagnostic instruments, testing equipment, fitting tools and premises costs need to be recorded correctly and treated appropriately depending on whether they are capital or revenue items.
- Payroll and Staff Costs: Practice staff, optical assistants and locum or contractor payments each carry different tax and reporting obligations, so getting payroll right matters.
- VAT on Mixed Supplies: Optical businesses may supply professional services alongside spectacles, contact lenses and other goods. VAT treatment depends on the nature of each supply and the circumstances of the business, so it should be reviewed rather than assumed.
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 work that optical professionals and practices need, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll, tax planning and VAT support where it applies. The focus is on understanding income from professional services alongside the supply of optical goods, so records and returns reflect how the business really operates.
Support can cover independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies running optical businesses. Because these roles and structures differ, the accounting requirements are reviewed individually rather than assumed to be the same for everyone.
Yes. Self-employed optometrists, locums and dispensing opticians typically need help with record keeping, expenses and Self Assessment. The right approach depends on how you earn income, whether that is session fees, private work or a mix of sources, and how your records are currently kept.
Yes. Bookkeeping keeps professional income, optical goods sales, stock, equipment and practice costs in order throughout the year, which makes Self Assessment far easier to complete. The specific records required depend on your circumstances, so it is worth reviewing what you currently hold before filing deadlines approach.
Frames, lenses, contact lenses and consumables are usually tracked so that purchases, usage and closing stock values are accurate. Equipment and premises costs need separating into the right categories. Good records throughout the year reduce year-end adjustments, but the correct treatment depends on the nature of each item and your business circumstances.
They may. Optical businesses often supply professional services alongside spectacles, contact lenses and other goods, and these supplies can be treated differently for VAT. Whether registration is required, and how each supply is treated, depends on the nature of the supply and the circumstances of the business, so it should be reviewed properly.
Yes. Payroll for practice staff, optical assistants and other employees involves real-time reporting, deductions and pension considerations, and payments to locums or contractors may need different handling. The correct treatment depends on the working arrangements in place.
Yes, switching is usually a straightforward process. We can review your current position, confirm what records and information are needed, and take over the ongoing accounting and tax work. The timing and steps involved depend on your year end, structure and existing arrangements.