Pharmacy Accountancy


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News & Articles


A Festive Tax Break
As Christmas approaches thoughts turns to office parties. So what view does the tax man take when an employer arranges a Christmas party for their staff?
Self Assessment Penalties
The self-assessment system was introduced in 1996 and at present HM Revenue & Customs require about 10 million individuals to file returns each year.
Should I Incorporate?
This is a question we are frequently asked by locums. The answer is “it all depends”.
The 1000% Tax Trap - And How To Avoid It
Imagine getting a pay rise of £1,000 per annum and then finding your tax liability increasing by £1,055, that’s over 100% tax. Now imagine your pay rise is just £100 but your extra tax liability is still £1,055. That’s a tax rate of over 1000%!
Pharmacy Locum Tax Planning
At what point should a sole trader pharmacy locum consider operating via a limited company? The answer to this depends on a number of factors, which are specific to the individual.
2010/2011 Tax Year End Planning
February is a good time for individuals to have a think if there are any simple steps they can take to minimise their tax liabilities.
New Pension Regime - Government Announcement 9th December 2010
We detailed the key points arising from the Government's announcement on 9th December 2010 regarding the future direction of pension provision in the UK.

 

 

Building a Simple Apothecary Shop

No matter how healthy a person is, he will, at one time or another, become sick. Naturally, he will have to take some medication, but what if he is far away from the nearest drugstore? In medieval times, the sick person usually went to an apothecary, a medical professional who sells and sometimes formulates medicines to patients and doctors. Apothecaries often operated through a retail shop, which was sometimes constructed as part of a home.

If you are a licensed pharmacist living in a faraway town, why not start your own apothecary shop if you have an extra room to spare? You will do a great service for the townspeople since they will have a ready source of over-the-counter medication.

The first thing you should do is to check with your local government if they would allow you to set up such a shop. If they do, ask for the requirements. In most cases, certifications from pharmaceutical organisations are needed. After procuring the certificates, you can now start constructing your shop.

After cleaning the place up, have a counter constructed; a bar counter is a good design reference. Behind the counter, you should also place some shelves where you can display your medicines. You can also place a refrigerator at the side for drugs that need to be kept in a cool environment. At the back of the counter, you should have a storeroom to keep other medicines. Additionally, have your shop painted in bright colours to make it look welcoming and friendly. Install lights that give off a cheerful and warm glow. It would also be good if you can install large glass windows so people can see what is inside as well as allow natural daylight to come in. As a final touch, add decorations such as flowers, plants, rugs, and paintings.


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