The 60 Day Disaster...

The 60 Day Disaster...

For 26 years, I have been a Chartered Accountant and advising community pharmacy owners, and I can't imagine doing anything else! Thirteen years ago, I founded Peak Strategies with a sole focus on community pharmacy, and it has been my passion ever since. I prepare almost 100 business valuations each year for pharmacies across Australia, and I have never been more concerned than I am now. The challenges facing community pharmacies are greater than ever before, and it breaks my heart to see their livelihoods threatened.

Comparing Employee vs Contractor Roles for Pharmacist Locums

Comparing Employee vs Contractor Roles for Pharmacist Locums

The distinction between locums that are an employee versus those that are a contractor is not very clear to most pharmacy owners. And many are potentially making errors in how they are being treated. In the past few months, there has been a lot of discussion regarding the distinctions between employee and contractor following the recent High Court decisions in 2022. These distinctions are not always clear in day-to-day pharmacy life. The impacts though in any misclassification will impact the way pharmacies do their reporting such as PAYG Withholding, GST, payroll tax and Single Touch Payroll reporting. In addition to the reporting, super guarantee (SG) is another important aspect that we need to mention.

Don't overcomplicate your partnership financial management

Don't overcomplicate your partnership financial management

Managing the financial arrangements for partners in a partnership is mostly a straight-forward process. But often made complicated and messy by not paying attention to the financial arrangements between partners and the associated implications. If these are kept untidy they can potentially lead to disagreements later on, particularly when partners are exiting the business.

The Pharmacy Evolution

The Pharmacy Evolution

At APP there was a focus on the full scope of practice and the exciting changes in the pipeline for pharmacies. As a Pharmacist, your mind must be kicking into overdrive with considerations to prepare for this evolution. There is the training of your team, the stock ordering, the rosters and even a potential new consulting room etc. 

Acknowledgement of Country

Peak Strategies acknowledges the traditional custodians throughout Western Australia and their continuing connection to the land, waters and community. We pay our respects to all members of the Aboriginal communities and their cultures; and to Elders both past and present.

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