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.

 

 

Specialised accountants for pharmacists and discount code

As every business is different and every industry has certain fundamental differences from another it suffices to say that each and every industry has its own requirements that must be seen to in their own unique way. Pharmacists have quite different inventories and pricing systems from other mercantile businesses and it's for precisely this reason that when it comes to accountancy and bookkeeping a specialist accountant who recognizes these unique requirements is what is needed. Online vouchers can also be seen as being of a specialist nature as they are usually only able to be used for specific products or services which is to say that there's no generic or universal online coupon that can be used from store to store or product to product.

A discount code is essentially a voucher or certificate that entitles the bearer to a financial discount or rebate on a product or service and can be seen as being quite specific in what it actually entitles the bearer to. Perhaps one of the most relevant reasons for choosing an accountant who specialises in the bookkeeping of pharmacists relates to taxation. As there are specific taxes for specific fields and these taxes are forever changing and being altered, it's essential that the accountant tasked with accountancy duties be well versed in such tax laws and acts accordingly. As many online vouchers have a time limit it's important that the bearer acts promptly in order to capitalize upon the savings offered within that specified time limit.