Tax & Compliance

Pharmacies differs to most other businesses. Having an accountant who fully understands and immerses themselves in the pharmacy industry is a great asset for tax and compliance.

At Peak Strategies, we have worked with various pharmacies to ensure they are fully compliant whilst also creating the most efficient tax structure possible for their business.

So, when we are your accountant be comforted in knowing both yourself and your business interests are fully compliant with the best taxation advice and strategies. We will look after all your end of year taxation and compliance matters, taxation planning and strategies and ensure all ATO obligations are met.

With community pharmacy it’s vital you have the right advice to ensure your ownership structures are designed for maximum tax efficiency, for both current and future requirements whilst ensuring maximum asset protection. Furthermore, Pharmacy Board requirements must be adhered to as having the flexibility of adapting to changes in the pharmacy in the future.

We will provide the right guidance to maximise the after-tax profits of the business, timing of tax payments and lodgement obligations, as well as structure certain transactions in the right way to ensure tax efficiency. This can include maximising depreciation deductions when undertaking fit outs, capital gains tax planning when selling your pharmacy interests, plus assistance with succession planning and estate planning.

Bookkeeping

We are pharmacy specialists. When you outsource your bookkeeping to Peak Strategies, be comforted in knowing your business' financial systems are being well look after.

Our bookkeeping division prides itself on quality. Having quality conversations with our clients about quality data to then make quality decisions. One of our key strengths lies within our ability to work collaboratively with clients. We want to see their pharmacies succeed and are willing to put the hard work in.

We provide clients with the right systems and procedures, ensuring their pharmacy’s finance function is performing at its best. We take the time to capture the right data, helping produce reliable and importantly, accurate financial reports to ensure you fully understand the financial trading position of your pharmacy. Furthermore, we understand the current issues your pharmacy might be facing and can tailor the financial reports to meet your requirements. This is whether you have nursing homes, dispense high-cost drugs, newsagency, and lotto etc.

So, if you looking to save yourself time and see growth in your pharmacy then it’s time to join the Peak Strategies Family. Imagine working with a team of Chartered Accountants, pharmacy experts, bank panel valuers, and WA’s only accounting business solely specialising in community pharmacy.

Valuations

We are one of the few accounting firms authorised to carry out bank valuations for pharmacies in Western Australia.

Whether you’re selling your business, obtaining finance, meeting bank reporting covenants or changing partner equity, Peak Strategies can assist you.

We stay constantly updated with current industry trends, and market conditions. Often our bank valuation clients are so impressed with our thorough reports and knowledge of the industry and its benchmarks that we then provide financial reporting or business advice on an ongoing basis.

Consulting

We can help your pharmacy beyond accounting.

We differ from the run of the mill accounting offices due to our scope of consulting. We can assist your pharmacy with a range of business growth, taxation planning and KPI advisory. However, we also offer other niche consulting such as marketing and partnerships. We are a team of pharmacy experts with a variety of skillsets, to help take your business to new heights.