Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in South London
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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 all sit alongside each other, which means the bookkeeping and tax position can be more layered than it first appears.
- Mixed income streams — Professional eye examinations and retail sales of spectacles or contact lenses often need separate recording for meaningful reporting.
- Stock and inventory — Frames, lenses and contact lenses tie up money, so accurate stock records and valuations matter at your year end.
- Optical equipment and expenses — Test equipment, diagnostic instruments and professional indemnity costs are significant outlays, and recording them consistently supports accurate accounts.
- Premises and practice costs — Rent, business rates, utilities and refits add up quickly, and how they are treated can depend on your business structure.
- VAT and different supplies — Professional optical services and the supply of optical goods can carry different VAT treatments, so assumptions are best avoided.
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 day-to-day accounting and tax work that comes with running an optical business, from bookkeeping and payroll to annual accounts, Self Assessment and Corporation Tax. Because optical practices often mix professional fees with sales of spectacles and contact lenses, the work also involves keeping those income streams clearly recorded.
Independent optical practices, practice owners, self-employed optometrists, dispensing opticians and limited companies all have different requirements, so support is shaped around your situation. Some clients need full bookkeeping and payroll, while others mainly want annual accounts, tax planning or help understanding their VAT position.
Yes. Self-employed optometrists and locums often work across several practices, which can complicate income records, travel and expenses. Support typically covers bookkeeping, Self Assessment, allowable expenses and record keeping, with the exact treatment depending on how you work and how your income is earned.
Frames, lenses, contact lenses and consumables should be recorded as stock and reviewed at your year end so valuations are accurate. Equipment, professional indemnity insurance, practice software and premises costs are usually treated as business expenses, though the correct treatment depends on your circumstances and whether items are capital in nature.
Possibly. Professional optical services and the supply of optical goods can have different VAT treatments, and registration depends on your turnover and the nature of your supplies. It is worth reviewing your position rather than assuming everything is treated the same way.
Yes. If you trade through a limited company, annual accounts and Corporation Tax returns are required, along with company payroll and director records where relevant. Sole traders and partnerships instead report profits through Self Assessment, so the requirements follow your business structure.
Payroll support covers employees such as optical assistants, reception staff and additional optometrists, including PAYE and pension duties where they apply, and payments to associates or locums can be handled appropriately too. The right approach depends on whether those individuals are employed or engaged on a self-employed basis.
Yes, moving accountants is usually straightforward. We review your existing records, confirm what needs to be filed and pick up the accounting and tax work from there. Getting in touch early can help ensure deadlines for accounts, Self Assessment or Corporation Tax are met comfortably.