by Ricardo Ardiles | Pharmacy Owners, Reliefs, Retiring Pharmacists, Staff Pharmacists |
If you have had any unprofitable investments or business losses over the past year, you are likely disappointed, but there could be a positive side. Tax-loss strategies, where you claim your capital losses to at least save money on your tax bill, can add a silver...
by Ricardo Ardiles | Pharmacy Owners, Reliefs, Staff Pharmacists |
If you are thinking of corporate gift-giving this holiday season, you can be generous, promote your business, and leverage some tax benefits for your pharmacy business. Strategic gifting can be an effective promotional tool for pharmacists and pharmacy owners, while...
by Ricardo Ardiles | Pharmacy Owners, Reliefs, Staff Pharmacists |
Year-end is a great time to stop and rethink your financial goals for the upcoming year. While nearly everyone thinks about trying to save more, not many consider ways to save on taxes so they don’t have to scrimp. Even though time is running out for this year’s...
by Ricardo Ardiles | Pharmacy Owners, Reliefs, Staff Pharmacists |
Forward-thinking companies, including pharmacies, must continually evolve to stay ahead of the competition and maximize profitability. One critical way to do this is with tax planning, which can significantly impact a pharmacy’s bottom line. Why Is A Top-Notch...
by Ricardo Ardiles | Pharmacy Owners, Recent Graduates, Reliefs, Retiring Pharmacists, Staff Pharmacists |
If you haven’t heard of surplus stripping as a tax strategy, you are not alone. However, it offers high income earners a great opportunity to withdraw funds at a lower tax rate. It benefits people in specific situations, but as of January 1, 2024, because of tax...
by Ricardo Ardiles | COVID-19, Pharmacy Owners, Reliefs, Staff Pharmacists |
We often get asked by pharmacists who are employees, working at a pharmacy or another business, about whether they can claim home office expenses. The rules for claiming home office expenses are different for employees compared to business owners or self-employed...
