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.

 

 

Safety Guides for Over the Counter Drugs

As more and more strains of flu and colds are being spread, more and more children are affected by these diseases. Because we want our kids to get better as fast as possible, most of us hurry to buy over the counter cough and cold medicines from the local drug store to deal with the symptoms. Here are some tips on how to purchase over the counter medicines safely.

Mostly all medicines for colds and flu are sold over the counter. However, it is the drug administration or institution of a country that analyses the availability of these over the counter drugs or considers if a drug can be purchased without an authorised physician's prescription. Similar to all medicines, even over the counter medicines involve certain side effects, and only government drug regulating institutions are allowed to approve the types of over the counter medicines that can be sold in pharmacies.

You should always keep in mind that no over the counter medicines can provide you with complete relief from an existing illness. As a matter of fact, over the counter drugs only suppress the disease-causing bacteria or virus for a short period of time, just like in the case of pain relievers. So it is better for you to take over the counter drugs only if needed, instead of making it a habit. Furthermore, never take over the counter medicines constantly over an extended period of time.

By keeping these safety guides in mind whenever you need to purchase over the counter drugs, you can ensure the continued good health of your family.


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