IS THE PHARMACY IN THE RIGHT STRUCTURE?
The passing of the New South Wales Government budget has removed stamp duty on business transfers from 1 July 2016. It is therefore timely for every pharmacy owner (whether in NSW or another State) to
MY WAY OR THE HIGHWAY: EXPANSION OF UNFAIR CONTRACT TERMS LEGISLATION TO SMALL BUSINESS
Beginning in November 2016, provisions in the Competition and Consumer Act 2010 (Cth) originally designed to protect consumers from unfair terms in standard form contracts will be extended to contracts where at least one party
INDUSTRY CHANGES REQUIRE CHANGE MANAGEMENT
Annette Ivory-Barker, Director, Pitcher Pharmacy Change management is not always easy but the many benefits of the “External Management Accounting” (EMA) program definitely makes it worthwhile. We recognise that to be competitive in today’s environment,
NEGOTIATIONS VIA EXCHANGE OF EMAILS – CAN THEY AMOUNT TO A BINDING LEGAL CONTRACT?
Whether you are business broker, real estate agent, professional advisor, purchaser or seller of a business or property, often the key terms of the proposed acquisition are negotiated and in turn agreed by exchange of
STEPPING INTO YOUR BUSINESS’ SHOES – ISSUES WITH SUB-LEASING
1. Introduction Inevitably a core decision for any pharmacy business is where it decides to trade from. When choosing to lease premises the terms of your lease can be critical to the success of your
FORMULA FUELLED GROWTH
Pharmacies may have experienced super profits and a significant increase in turnover in the past few years due to the demand of baby formula and other health products in China. Fuelled by domestic safety scandals
THE CASHFLOW EFFECT OF BORROWING
The last few months have seen improved cashflow in the pharmacy as a result of the improved remuneration in the dispensary - thanks to the higher dispense fees including the AHI fee. The effect of
PROTECTING YOUR GOODWILL: RECENT UPDATES IN THE LAW OF RESTRAINT OF TRADE
A restraint of trade is a mechanism used by purchasers of businesses to protect the value of their newly acquired business (specifically, the goodwill created in that business by the vendor) against improper competition. Whilst
IS NOW THE TIME TO BUY OR SELL?
The 6th Agreement has yielded a reasonable result for pharmacy in a financial sense. While there remains some downside risk around loss of trading terms, the floor in the GP$ per script will land at a
BEAT THE CLOCK AT TAX TIME
Like most pharmacy owners, a great deal of your wealth is held within your business. This is necessary for most business owners as the business builds and there are debts to repay. Acknowledging of course
JR PROFICIES – WINTER 2015
A publication examining the issues for our clients Whats in this issue; “JRx” Rebrands to “PP Rx” EMA Now Includes Payroll Capability New Guild Gov. Pharmacy Agreement The Team Helping You Take Care of Business
HOW’S YOUR BUSINESS HEALTH???
It’s that time of the year again, time to give your pharmacy a health check. As communities battle the onset of the traditional flu season, community pharmacies are battling the implications of the most recent