Pharmacy Accountancy


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.

 

 

The Right Online Payment Solutions for Pharmacists Worldwide

Setting up an online chemist's shop is not an easy task and a lot of matters have to be considered before business can properly commence. One of the most essential aspects is how your customers are going to make purchases of the various drugs and medications which are available through your store. This can be done via an electronic payment gateway installed on your pharmacy's website. These gateways have to fulfill a number of criteria. The first is that they need to be secure and protect people's personal and financial details. This will ensure that your customers can purchase their drugs without worrying about their identity or their cash being stolen. Secondly, the gateway has to accept a wide variety of payment options.

These days, your customers will visit your pharmacy and purchase medication by credit card, debit card, and a host of online banks and e-wallets. Lastly, when choosing any sort of online payment solutions, you need to make sure that they are user-friendly. Make it as easy as possible for your customers to make a purchase at your store. There is a reason why they are visiting you rather than their local chemist's and you must make them welcome. By selling your medication and various pharmaceutical products in the simplest manner possible, you will be telling your customers that they matter to you. Add into this a secure payment system which can be used by a variety of customers and you will easily stimulate sales, profits and growth.