Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Purley
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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 often combine clinical services, retail sales and specialist stock, so accounts can become more complex than those of a purely service-based practice. The points below highlight common areas where focused accounting support can help.
- Mixed income streams: Professional eye examinations and optical goods create different income patterns, making accurate bookkeeping and reporting more involved.
- Stock and frames: Spectacles, contact lenses and frame stock need careful inventory records to monitor margins and cash tied up.
- Equipment and premises: Specialist optical equipment, testing room costs, premises expenses and repairs need correct classification for accounts and tax.
- Payroll and contractors: Employed optometrists, dispensing opticians, support staff and locum payments each need accurate payroll or contractor records.
- VAT and structures: Treatment can vary between professional services and optical goods, while structure affects tax reporting and records.
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 provide accounting and tax support tailored to optical professionals and practices. This can include bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll, VAT support where applicable, tax planning and help keeping financial records accurate for professional fees and optical goods. Services depend on how you trade and your circumstances.
They can support independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies. The right approach depends on your role, income streams, business structure and whether you sell spectacles, contact lenses or other optical goods alongside professional services.
Yes, support can be tailored to self-employed opticians and optometrists, including help with Self Assessment, bookkeeping, allowable expenses, tax payments and record keeping. A dispensing optician or locum may have different income patterns and expenses, so the accounts should reflect how you actually work rather than a one-size-fits-all approach.
Optical practices often need bookkeeping, payroll, annual accounts, Corporation Tax, management accounts and VAT support where applicable. Because a practice may earn professional fees and sell spectacles, contact lenses or other goods, accurate reporting helps separate income streams and understand margins. Requirements vary, so not every practice needs every service.
Yes. Bookkeeping can track daily sales, optical goods, stock purchases, equipment costs and practice expenses. Self Assessment support can help self-employed opticians, optometrists and dispensing opticians report income and expenses correctly. What is allowable depends on individual circumstances, so records should be kept clear and complete throughout the year.
If you operate through a limited company, annual accounts and Corporation Tax returns are usually required. Support can include preparing financial statements, reviewing director payments, equipment and stock records, and identifying relevant tax deadlines. The exact treatment depends on your company structure, income and expenditure, so advice should reflect your circumstances.
Optical stock such as frames, lenses and contact lenses should be recorded accurately so you can monitor purchases, sales, margins and amounts held. Business expenses, including equipment, premises costs and staff costs, should be supported by records and classified correctly. The right method depends on your accounting system and the size of your practice.
VAT can apply to optical businesses, but treatment is not identical for every supply. Professional services and optical goods such as spectacles or contact lenses can have different VAT considerations depending on the nature of the supply and your business circumstances. Registration and record keeping requirements should be reviewed based on your turnover and activities.