Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Sidcup
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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 deal with a mix of professional fees and product sales, which makes record keeping and tax reporting more involved than for a purely service-based business. The challenges below come up regularly.
- Separating income streams: Eye examination fees, contact lens income and spectacle sales are recorded separately so the figures stay clear for tax reporting.
- Stock and inventory control: Spectacle frames, lenses and contact lenses tie up money in stock, so accurate valuation matters at the year end.
- Equipment and professional expenses: Diagnostic instruments, testing equipment and continuing professional development costs need proper treatment in the accounts.
- VAT on mixed supplies: Professional services and optical goods can be treated differently for VAT, so each supply needs reviewing on its own facts.
- Payroll for practice staff: Optometrists, dispensing opticians and support staff are paid through payroll, which needs to run accurately and on time.
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 side of an optical business or a self-employed optical professional, including bookkeeping, annual accounts, tax returns, payroll and VAT support where it applies. The work is tailored to practices that earn both professional fees and income from optical goods.
Independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies can all be supported. The exact services depend on how each professional or business earns income, what it supplies and how it is structured.
Yes. Self-employed optometrists and locum opticians often need help with Self Assessment, expense records and cash flow, while those running a practice may also need oversight of stock, equipment and premises costs. Requirements vary from one professional to the next.
It depends on the practice. Bookkeeping, annual accounts, Corporation Tax, payroll for practice staff, management accounts and tax planning are common, and VAT support may be relevant too. A sole trader dispensing optician will typically need a different mix from a limited company optical practice.
Frames, lenses, contact lenses and consumables should be tracked so stock values are accurate, while expenses such as testing equipment, practice premises and professional fees are recorded with supporting documents. Clear records make year-end accounts and tax returns far more straightforward.
Some do. Professional optical services and the supply of optical goods can have different VAT treatments, and the position depends on the nature of each supply, the customer and the circumstances of the business. Registration and mixed supplies are worth reviewing properly rather than assuming one rule covers everything.
Yes. Payroll can cover optometrists, dispensing opticians, optical assistants and administrative staff, including payslips and the reporting that goes with them. Payments to contractors may need separate consideration depending on how the arrangement is set up.
Get in touch and tell us about your practice, your structure and the income streams involved. We can then review your accounting needs and confirm which services are relevant, whether you are newly self-employed or switching from another accountant.