The end of the financial year (EOFY) is just around the corner, and for pharmacy owners, wrapping up the year efficiently is key to starting the new financial year on the right foot. With June 30 just around the corner, now is the ideal time to review the key tasks that can help maximise deductions, maintain accurate records, and position your pharmacy for a strong year ahead.
We’re in June, which officially means the busy, busy period of community pharmacy has begun.
Flu vaccines are being administered, every family seems to be coming down with some kind of virus, and your team is also likely picking up a few of those bugs along the way. It’s the time of year where you may slip into “fight or flight” mode and only the easiest, most practical tools get used, which we totally get.
The 2026–27 Federal Budget introduced several significant proposals for tax reform relating to capital gains tax, property investing, discretionary trusts and companies.
Outlined below are some pharmacy related measures announced, however, unlike last year’s federal budget, there were fewer new announcements relating to community pharmacy. However, Peak Strategies being tax advisors and pharmacy accountants – we note that many of the tax reform announcements could have an impact on your pharmacy business and personal tax groups.
While several tax measures remain proposals and are not yet law, early consideration is important for planning and structuring decisions. We note that this advice is general and you should contact your tax accountant for advice specific to your needs.
You’ve likely seen it everywhere lately. Social feeds filled with AI-generated caricatures of colleagues, pharmacy teams, and entire workplaces reimagined in creative ways. It’s a fun reminder of just how quickly Artificial Intelligence has entered everyday life. But beyond the novelty, AI is quietly transforming something far more impactful for pharmacy owners: the way bookkeeping and financial administration are managed.
This month marks two milestones for me: 18 months of business ownership and 25 years since I first stepped into the world of accounting. As I reflect on these chapters, I’m reminded that my journey has never been a solo one. It has been shaped—deeply—by the people who walked alongside me, challenged me, and believed in me long before I believed in myself.
