Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Riverside Park
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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 fit a single template. Professional fees, retail sales, stock, equipment and premises costs can sit in one set of accounts, so accounting for an optician or optical practice often needs more thought than a straightforward service business.
- Mixed Income Streams — Eye examination fees, contact lens plans and spectacle sales can behave differently, so they need recording separately to keep reporting accurate and useful.
- Stock and Optical Goods — Frames, lenses, contact lenses and accessories tie up money in stock, so valuation and movement need regular attention to avoid distorted figures.
- Equipment and Practice Costs — Test room equipment, fitting tools, premises, utilities and insurance are all practice costs, and how they are claimed can vary.
- Payroll and Contractors — Optometrists, dispensing opticians, reception staff and locum cover may be paid in different ways, and each arrangement carries its own payroll or tax implications.
- VAT on Mixed Supplies — Supplies to patients can be treated differently for VAT depending on what is provided, so the VAT position needs checking 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 and payroll. Because optical businesses often combine professional services with the sale of spectacles and contact lenses, the work also involves keeping those different income streams and records clear.
Support is available to independent opticians and optical practices, locum and self-employed optometrists, dispensing opticians, and practice owners trading as sole traders, partnerships or limited companies. The right approach depends on how you are structured and how your income is earned, so circumstances are always looked at individually.
Yes. Self-employed optometrists and locum opticians usually need Self Assessment, clear records of professional fees and travel, and guidance on expenses connected with their work. If you also sell optical goods, bookkeeping should separate that income from your professional fees so your tax position stays accurate.
It varies. Some practices need bookkeeping, payroll and annual accounts, while others also require Corporation Tax, management accounts, VAT support or help with business structure. Practices holding stock, equipment and premises have different requirements from a single self-employed professional, so services are matched to your circumstances rather than applied as a standard package.
Yes. Bookkeeping keeps day-to-day records of professional fees, spectacle and contact lens sales, stock purchases and practice costs in order, while Self Assessment covers the tax position of sole traders and partners. Limited company directors usually deal with Self Assessment separately from the company's own accounts and Corporation Tax.
Stock such as frames, lenses and contact lenses should be recorded consistently, with purchases, usage and remaining stock tracked so figures are not overstated or understated. Business expenses like equipment, premises costs and professional fees need supporting records. How each item is treated can depend on whether it is genuinely a business cost or has personal use.
VAT can apply, but the treatment is not uniform. Professional optical services and supplies of optical goods such as spectacles and contact lenses can fall under different VAT rules, and the position depends on the nature of each supply and your business circumstances. Registration thresholds and exemptions also matter, so it is worth checking rather than assuming.
Yes. Switching accountants is usually straightforward, and we can help with the practical steps such as obtaining your records and confirming your position with your previous accountant. Once everything is in place, ongoing bookkeeping, accounts and tax support continue around your optical practice or professional work.