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How compliant and tax ready is your pharmacy?

Pharmacies are different to most other businesses. Having an accountant who fully understands and immerses themselves in the pharmacy industry is a great asset for tax and compliance.

At Peak Strategies, we have worked with various pharmacies to ensure they are fully compliant whilst also creating the most efficient tax structure possible for their business.

So, when we are your accountant be comforted in knowing both yourself and your business interests are fully compliant with the best taxation advice and strategies. We will look after all your end of year taxation and compliance matters, taxation planning and strategies and ensure all ATO obligations are met.

With community pharmacy it’s vital you have the right advice to ensure your ownership structures are designed for maximum tax efficiency, for both current and future requirements whilst ensuring maximum asset protection. Furthermore, Pharmacy Board requirements must be adhered to as having the flexibility of adapting to changes in the pharmacy in the future.

We will provide the right guidance to maximise the after-tax profits of the business, timing of tax payments and lodgement obligations, as well as structure certain transactions in the right way to ensure tax efficiency. This can include; maximising depreciation deductions when undertaking fit outs, capital gains tax planning when selling your pharmacy interests, plus assistance with succession planning and estate planning.

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Benefits:

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  • Be fully informed of your taxation lodgement obligations

  • Be fully informed of the timing and amounts of your taxation payments

  • Strategies to improve your after-tax profits

  • Structuring advice to meet Pharmacy Board requirements whilst ensuring tax efficiency

  • Ensuring all ATO obligations are met

  • Structuring advice to ensure you maximise any Small Business concessions available to you

  • Chartered Accountants and Chartered Tax Advisors overseeing your account

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Our compliance division is led by Victoria Le. 

“I love being challenged, being able to learn and change my way of thinking and nothing brings me greater joy than helping out people in need. This is why super heroes can be found in accounting and this is my professional calling. I enjoy getting to know our clients and their businesses and assisting them to reach their dreams and goals to help enrich their lives."
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