The choice of what legal entity you use to own your pharmacy or own your partnership interest through is a critical issue and very complex, often with no perfect answers. To go through all the issues in detail that you need to consider would require me to write three books the size of Lord of the Rings, which doesn’t suit the small framework for this blog.
There is a reason why you decided to become a pharmacy owner. You had goals, dreams and aspirations. Amid running a business day to day it is often easy to forget about why you started. However, to run a profitable pharmacy you must understand why it exists and how you’re going to leverage that into success.
Rental properties are one of the ATO’s favourite areas to target when it comes to auditing tax returns. The deduction claims are what the ATO mainly focuses on so keep reading to find out common items we come across with investment rental properties and how you can stay compliant with the ATO when disclosing your rental property activities.
A pharmacy owner would understand how important IT is when it comes to running the business. It impacts so many facets from your pharmacy’s eftpos through to its email. Furthermore, not only does it affect a business’ day to day operations, but it changes so rapidly.
That’s why this week we asked Don from the Accelerate Group to share some tips in relation to pharmacies and IT. Below he shares some commonly asked questions he receives from pharmacy clients.
