Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Redhill
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Optical Professionals and Businesses 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 single, straightforward income stream. Professional services, retail sales and stock all sit alongside one another, which can make record keeping, tax reporting and VAT treatment more involved than for many other businesses.
- Mixed income streams — professional fees and sales of optical goods should be tracked separately so reporting reflects how each part of the business performs.
- Stock and inventory — frames, lenses and contact lenses tie up money, so accurate stock records support costing, margin review and year-end figures.
- Equipment and premises — specialist optical equipment, consulting rooms and practice premises can create significant costs that need correct treatment and documentation.
- Payroll and staff costs — optometrists, dispensing opticians, optical assistants and locum cover all generate payroll, pension or contractor payment obligations to manage.
- VAT on mixed supplies — professional services and optical goods may be treated differently, so VAT depends on the nature of each supply and your circumstances.
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, tax and compliance support tailored to optical professionals and practices. That can include bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll, VAT support and tax planning, with records set up to reflect professional fees, spectacle and contact lens sales, stock, equipment and practice costs.
Support is available to independent opticians, optometrists, dispensing opticians, locum and self-employed professionals, practice owners, partnerships and limited companies. Requirements differ depending on how you work and how the business is structured, so the scope of support is matched to your circumstances rather than applied in the same way to everyone.
Yes. Self-employed optometrists, locum opticians and dispensing opticians often need help with Self Assessment, allowable expenses, record keeping and, where relevant, VAT registration. Income can come from several practices or a mix of employed and self-employed work, so returns need to reflect the full picture accurately.
It varies. A limited company practice may need statutory accounts, Corporation Tax calculations, payroll and management accounts, while a sole trader may only require bookkeeping and Self Assessment support. Stock recording, equipment costs and VAT considerations often feature too, depending on the practice and the supplies it makes.
Frames, lenses, contact lenses and accessories should be tracked so stock levels, cost of sales and margins can be reviewed. Expenses such as equipment, testing instruments, practice premises, insurance and professional fees should be recorded with supporting documentation, as what is allowable depends on individual circumstances.
They can. Optical businesses often make a mix of supplies, and professional services and optical goods may be treated differently for VAT. Whether registration is required, and how each supply should be treated, depends on the nature of the supply and the circumstances of the business, so this should be reviewed individually.
Yes. Payroll support can cover practice staff such as optical assistants, dispensing opticians and administrative employees, including PAYE, National Insurance and pension duties. Payments to locums and other contractors need separate consideration, since the correct treatment depends on the working arrangements in place.
Yes, switching is usually straightforward. Providing details of your current accountant, along with accounts, tax returns and records, allows the handover to be managed and continuity maintained. It is worth checking whether any deadlines are approaching so nothing is missed during the transition.