Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Reigate
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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 fit a simple accounting mould. Professional fees, retail sales, stock and equipment all behave differently, and the way each is recorded, taxed and reported can vary depending on structure, staffing and the nature of the supplies involved.
- Mixed Income Streams: Professional fees, sales of spectacles and contact lenses, and private or NHS work each need tracking separately for accurate tax reporting.
- Stock and Inventory: Lenses, frames, contact lenses and accessories tie up money, so stock levels, purchases and wastage need regular, accurate recording.
- Equipment and Practice Costs: Optometry equipment, testing room kit, software and premises costs may be treated differently, so records and claims need care.
- Payroll and Contractor Payments: Practice staff, locums and self-employed optometrists working across sites can create payroll, tax and status questions that need resolving.
- VAT on Optical Supplies: Professional services and optical goods can carry different VAT treatment, so how each supply is classified needs reviewing case by case.
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 handle the day-to-day financial admin of optical work: bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where it applies. They also help separate professional income from sales of optical goods, keep stock and equipment records clear, and plan tax around your business structure.
Support is available for independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies. Because roles and business models differ, the accounting work is shaped around how you earn income, whether you hold stock, employ staff or sell optical goods alongside professional services.
Yes. Self-employed optometrists, locums and dispensing opticians often work across several practices, which means multiple income sources, expenses and equipment costs to record. Self Assessment then depends on individual circumstances, so records need to be accurate and consistent throughout the year rather than assembled at the last minute.
Yes. Bookkeeping can be kept up to date throughout the year, separating professional fees from optical goods sales, stock purchases and practice costs. That makes Self Assessment more straightforward, although the exact treatment of income and expenses always depends on your circumstances and how the business is structured.
If you trade through a limited company, annual accounts and Corporation Tax returns are usually required, alongside Companies House filings. For optical practices, that means reflecting professional income, retail sales, stock, equipment, premises costs and payroll accurately. The detail depends on the company's circumstances, so each case is looked at individually.
Spectacles, contact lenses and other optical goods are generally treated as trading stock or sales of goods, so purchases, stock levels and cost of sales need careful recording. How they are reported, and whether VAT applies, depends on the nature of the supply and the circumstances of the business rather than one fixed rule.
Possibly. Optical businesses can supply professional services and optical goods, and these supplies can be treated differently for VAT. Some services may be exempt while goods are usually taxable, but the position depends on the exact nature of each supply and the business's circumstances, so it is worth reviewing rather than assuming.
Yes. Moving accountants is usually straightforward — we simply need your records, previous accounts and tax information. Once everything is in place, support can continue with bookkeeping, filings and deadlines handled around your optical business, so the changeover does not disrupt your practice.