Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Winchester
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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 and Professionals
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 combine clinical work with retail, which means money comes in from more than one direction and costs sit in several different places. That mix makes record keeping and tax reporting more involved than for many professional services firms.
- Separating income streams: Professional fees and sales of spectacles, contact lenses and other optical goods often need separating so reporting stays accurate and meaningful.
- Stock and inventory control: Glasses frames, lenses, contact lens stock and consumables tie up money, so purchases, stock levels and cost of sales need careful tracking.
- Equipment and practice costs: Diagnostic instruments, refraction and dispensing equipment, plus premises running costs, may be treated differently for accounting and tax purposes.
- Payroll and locum payments: Employed optical staff, optometrists and dispensing opticians working session by session, and self-employed contractors all create different payroll or payment obligations.
- VAT on mixed supplies: VAT treatment of professional services and optical goods can differ depending on the nature of each supply and the circumstances of the business.
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 provide accounting support shaped around optical work, covering bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT where applicable. This includes handling professional income alongside sales of spectacles, contact lenses and other optical goods, and keeping stock, equipment and premises costs properly recorded.
Support is available for independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies. Because roles and business models differ, the accounting focus for an optometrist working alone can look quite different from a practice selling frames, lenses and contact lenses.
Yes. Self-employed optometrists, locums and dispensing opticians often need help with Self Assessment, tracking professional income and recording expenses such as equipment, travel and professional fees. What is claimable depends on your individual circumstances, so figures should always be based on your own records.
It varies. Many practices need bookkeeping, annual accounts, Corporation Tax or partnership returns, payroll and management accounts. Some also need VAT support, help with stock and inventory records, or advice on business structure. Not every practice requires every service, and requirements depend on how the business is set up.
Stock such as frames, lenses and contact lenses should be tracked so purchases, remaining stock and cost of sales are clear. Business expenses, including equipment, premises and staff costs, need accurate records with receipts. How each item is treated for tax depends on the nature of the cost and your circumstances.
Possibly. Optical businesses often provide professional services as well as supplying goods such as spectacles and contact lenses, and different supplies can have different VAT treatments. VAT registration and treatment depend on the nature of each supply and the circumstances of the business, so it is worth reviewing carefully.
Yes. Payroll support can cover employed optical staff, and the position of optometrists or dispensing opticians who work sessions as self-employed contractors needs to be considered separately. Getting the classification right matters, as tax and National Insurance treatment differs between employment and self-employment.
Switching accountants is usually straightforward. Records, deadlines and outstanding filings are reviewed so nothing is missed, and support continues without disruption. If you are unsure where to start, the first step is simply explaining how your optical business works and what help you need.