by Ricardo Ardiles | Pharmacy Owners, Reliefs, Retiring Pharmacists, Staff Pharmacists |
Canadian pharmacy owners can claim meals and entertainment expenses as business tax deductions, but they need to be legitimate, work-related claims. It’s important to carefully follow CRA guidelines and rules to avoid an audit. What Pharmacy-Related Situations...
by Ricardo Ardiles | Pharmacy Owners, Reliefs, Retiring Pharmacists, Staff Pharmacists |
With awareness about working from home arrangements increasing over the past few years, we have had more self-employed pharmacists asking about how to claim home office expenses, and whether or not it’s worth it. While most pharmacists work the majority of their...
by Ricardo Ardiles | Pharmacy Owners, Reliefs, Retiring Pharmacists, Staff Pharmacists |
The optional Special Employment Insurance (EI) Program for self-employed individuals in Canada is designed to provide support during specific circumstances, such as sickness, maternity/paternity leave, and caregiving responsibilities. Pharmacy owners and self-employed...
by Ricardo Ardiles | Pharmacy Owners, Reliefs, Staff Pharmacists |
Consultative financial services play a pivotal role in shaping the financial future of individuals by providing invaluable help and guidance in areas like tax planning, business planning, and personal financial planning. Financial advice and accounting consultation...
by Ricardo Ardiles | Pharmacy Owners |
Inventory management is a time consuming balancing act, but a critical aspect of pharmacy ownership. Because effectively managing inventory takes time, it can often be delegated to a technician or other employee. For the greatest success, it should involve a certain...
by Ricardo Ardiles | Pharmacy Owners, Retiring Pharmacists, Staff Pharmacists |
Owning and managing pharmacies is hard work. A lot of expertise outside of pharmaceutical knowledge is needed for the business aspects - most of which isn't covered in pharmacy school.The annual, monthly, and daily operations of pharmacy accounting is complex and...