Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Midhurst
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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 practices often deal with more than one type of income, plus stock, equipment and premises costs. That mix can make bookkeeping, tax reporting and VAT more involved than it first appears.
- Mixed income streams – Professional eye examinations and sales of spectacles or contact lenses often need recording separately for accounting and reporting purposes.
- Stock and inventory – Frames, lenses and contact lenses tie up cash, so accurate stock records support margin tracking and year-end figures.
- Equipment and premises costs – Testing equipment, fitting rooms and practice premises can involve capital allowances, rent, rates and the treatment of repairs.
- Payroll and locum payments – Employed optical staff, associates and locum dispensing opticians may each be treated differently, affecting payroll and tax reporting.
- VAT on different supplies – Professional services and optical goods such as spectacles or contact lenses can fall under different VAT treatments depending on the 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 accounting and tax side of optical work, from bookkeeping for eye examination fees and sales of spectacles or contact lenses through to annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where applicable. The focus is on records and reporting that reflect how an individual optician or optical practice actually operates.
Support suits independent opticians, optometrists, dispensing opticians, self-employed optical professionals and practice owners, whether trading as a sole trader, a partnership or a limited company. Because optical roles and business models differ, the accounting approach is built around your own services, income streams, staff and structure rather than a fixed template.
Yes. Self-employed optometrists and locum opticians often need help with Self Assessment, expense records and separating professional income from any goods they supply. Where you also sell spectacles or contact lenses, those sales need recording separately so the figures stay accurate and the tax position is clear.
Stock such as frames, lenses and contact lenses should be tracked so cost of sales and margins remain visible, while equipment, premises costs and locum fees need recording as the appropriate type of expense. Good records make year-end figures more reliable and reduce the risk of queries. The treatment of individual items depends on your circumstances.
It depends. Optical businesses may provide professional services as well as supplying goods such as spectacles and contact lenses, and different supplies can have different VAT treatments. Registration thresholds, what counts as a taxable supply and how each sale is categorised all depend on the specific circumstances, so it is worth reviewing your position rather than assuming.
Yes, where those services are relevant to how you trade. Limited company optical practices typically need annual accounts and Corporation Tax returns, while payroll applies if you employ optical staff or pay people through the business. Sole traders and partnerships will usually have different requirements, so the scope is agreed around your circumstances.
Yes. Switching accountants is usually straightforward, and the first step is confirming your current position, records and deadlines. Once the details are clear, the work can be taken over and organised around your practice or professional income, with clear fees and no hidden charges.
Get in touch and tell us about your optical work, including your services, how you are structured, your income streams and any stock, staff or premises costs. From there, the relevant accounting and tax requirements can be identified and ongoing support arranged in line with what your practice or professional work needs.