Priya breaks down the basics of tax brackets and how they impact your earnings, whether you’re an employee, business owner, or investor.
With Stage 3 tax cuts in effect, now’s the perfect time to refresh your understanding. Priya explains how marginal and average tax rates work, why tax brackets matter, and how strategies like super contributions and deductions can help you optimise your tax position.
Data is more than just raw information—it tells a story. By understanding the insights it provides, you can make smarter, more informed decisions that drive innovation. At Peak Strategies and Strongroom AI, we’re passionate about data, and we’re excited to launch a new series offering insights and strategies on how data can benefit you and your pharmacy. To kick things off, we’ll be exploring how data can help you build stronger relationships with your patients, paving the way for personalised and effective care.
In celebrating my 10 years at Peak, I want to highlight 10 things I’ve learned and why my love for Peak continues to grow. On 1 September 2014, I entered through Peak’s doors and started my incredible journey into the world of pharmacy. I had just returned from a 2-year hiatus from accounting where I was travelling on the other side of the world and experiencing what it had to offer.
Cash flow is the lifeblood of your pharmacy, essential for keeping operations running seamlessly. It's the available funds at any moment that allow you to meet daily expenses, pay your suppliers, and invest in the growth of your business. Grasping the nuances of cash flow management is critical for the sustained success of your pharmacy. Patty outlines the key strategies for maintaining healthy cash flow in your pharmacy.
Over the past month, the pharmacy sector has been buzzing with positivity due to the new 8CPA policy introduced by the Guild and the government. This policy is a hot topic for many pharmacy owners, and just last Thursday, the 8CPA calculator was released, adding even more excitement. I encourage everyone to use this calculator and input their data. And if you need help deciphering the data? I know some excellent pharmacy accountants who can assist!
But with all this excitement, you might be wondering, "What's next?" Stay tuned to find out!
