Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Wembley Park
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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 handle two very different kinds of income at once: professional eye care and the sale of optical goods. That mix, combined with stock, equipment and varying VAT treatment, can make the numbers harder to manage.
- Mixed income streams: Eye examinations, contact lens fittings and spectacle sales often overlap, so records need to separate professional fees from retail income.
- Stock and inventory: Spectacle frames, lenses and contact lenses tie up money, and accurate stock records help prevent over-ordering and support margin control.
- Equipment and practice costs: Diagnostic equipment, testing room fit-outs, premises costs and professional indemnity cover need to be recorded and treated appropriately for tax.
- Payroll and staff: Optometrists, dispensing opticians, optical assistants and locums can all be paid differently, which affects payroll, contractor records and compliance.
- VAT on mixed supplies: Professional services and optical goods can be treated differently for VAT, so it is important to check each supply rather than assume.
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 behind an optical business. That can include bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where applicable, along with practical advice on stock, equipment and premises costs. What you need depends on how you are structured and how you earn income.
They can support independent opticians, optometrists, dispensing opticians, self-employed locums, practice owners and partnerships or limited companies running optical practices. The right set-up varies, because a sole trader's accounting needs differ from those of a practice with staff, stock and premises, so support is matched to your circumstances.
Yes. Self-employed optometrists and dispensing opticians often need Self Assessment and organised records of professional fees, locum work and expenses. If you also sell spectacles or contact lenses, income records need to distinguish those sales from clinical fees. Requirements depend on your circumstances and how your work is structured.
Yes. Bookkeeping can be kept in a way that separates professional income from sales of optical goods, and Self Assessment covering all your income sources is handled as applicable. Records of stock, equipment, premises costs and other business expenses need to be kept accurately, and treatment depends on individual circumstances.
Yes, where they apply. Limited companies and partnerships typically need annual accounts, Corporation Tax or partnership returns and possibly payroll. The exact requirements depend on your business structure, income and circumstances, and it is worth reviewing these regularly as an optical practice grows or changes.
Stock such as frames, lenses and contact lenses should be recorded consistently so that purchases, sales and closing stock figures are accurate. Business expenses, including equipment, testing room costs and premises overheads, should be supported by proper records. How items are treated for tax depends on the nature of the expense and your circumstances.
Possibly. Optical businesses often provide professional services alongside optical goods, and different supplies can have different VAT treatments. Whether VAT registration is required, and how each supply is treated, depends on your turnover, the nature of the supply and your circumstances, so the position should be reviewed carefully rather than assumed.
Yes, switching is usually straightforward. It helps to have details of your current accountant, recent accounts, tax returns and records to hand so the handover is smooth. Support can then be set up around your needs, whether you are self-employed or run an optical practice.