Pharmacy Accountancy


News & Articles


The Budget – 2012
George Osborne delivered his third budget on 21st March 2012, many of his proposals will not take effect until 2013/14.
A Free Pension?
In reality, no one is going to get a free pension, but some individuals can get very close to it...
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.

 

 

Protection for the future - Commercial Insurance with financial advice

When running your Pharmacy, one of the most important parts of success and longevity is to make sure that all your financial figures are in order. Whether it is for a business start up or an established business, you would need to look at getting expert help. From book keeping advice to tax returns, whatever it may be - it does make sense to look for a company that would specialise in your field of business as well as take care of your accounting needs. Many companies can be found around the U.K. that not only specialise in providing your business with the best financial solutions but they will also have a background in the Pharmacy industry that you are in.

As you keep your customers in good health, it's advisable to make sure your business is protected from any nasty events and a commercial insurance provider will be able to help with that. This should be quick and easy to find. A browse on the internet would be an excellent source for tracking down a reputable company, providing you with the best possible prices and policies through online quotations or a telephone number that you can call. Make sure that you are dealing with a company that has experience in your industry and would therefore have knowledge on your type of business. They would then know how to deal with any unforeseen circumstances in the future just like when you help your customers with their health.