Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Southsea
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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 have a single, simple income stream. Clinical work, dispensing, product sales and stock all sit alongside each other, which means the accounting picture can become more layered than it first appears.
- Mixed Income Streams — Clinical work, locum sessions and product sales can be treated differently, so income and records need careful separation.
- Stock and Inventory Control — Frames, lenses and contact lenses tie up capital, and accurate stock records help you understand margins and avoid over-ordering.
- Optical Equipment and Expenses — Specialist testing equipment, calibration and professional costs need recording correctly, with capital and revenue spending treated differently.
- Payroll and Practice Staff — Employed optometrists, dispensing opticians, reception staff and locum contractors can each bring different tax and payroll requirements.
- VAT on Mixed Supplies — Professional optical services and the supply of optical goods can have different VAT treatments, so the nature of each supply matters.
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 affairs of optical professionals and practices — bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where applicable. Crucially, they understand how clinical income, dispensing work and sales of spectacles and contact lenses sit together in one set of records.
Support is available to independent opticians, optometrists, dispensing opticians, self-employed and locum professionals, practice owners, partnerships and limited companies. Because each operates differently — and often earns income in more than one way — the accounting approach is tailored rather than applied as a fixed package.
Yes. Self-employed and locum professionals typically need Self Assessment, organised records of clinical and locum income, and clear tracking of allowable expenses such as professional fees, equipment and travel between practice locations. Where income comes from several practices, keeping those streams separate makes tax reporting far simpler.
It depends on structure and turnover. Many practices need bookkeeping, annual accounts, Corporation Tax or partnership returns, payroll for staff, and management accounts. Others benefit from VAT support, stock recording and tax planning. Not every service is required by every business — the right combination follows your circumstances.
Stock such as frames, lenses and contact lenses should be tracked accurately, since it affects margins and year-end figures. Expenses including testing equipment, calibration, premises costs, professional indemnity and staff wages should be recorded with the right documentation. Some spending may be treated as capital rather than revenue, so it is worth checking how items are classified.
Possibly. VAT depends on the nature of each supply and on your turnover. Professional optical services and the supply of optical goods can be treated differently, and dispensing of spectacles or contact lenses can raise particular questions. Because treatment depends on circumstances, it is worth reviewing your position rather than assuming a blanket rule applies.
Yes. Changing accountants is generally straightforward, and we can work with your existing records. It helps to have your latest accounts, tax returns and bookkeeping up to date, and we can discuss timing so that any filing deadlines are not disrupted during the transition.
Get in touch and tell us how you work — whether you are employed, self-employed, in a partnership or running a limited company practice. From there we can review your accounting needs and explain which services apply to you, with clear fees and no hidden extras.