Running a successful pharmacy requires more than just delivering great customer service and providing quality healthcare. It also involves understanding the financial health of your business and knowing when the time is right to scale. Expanding your pharmacy can be an exciting and profitable step, but it’s important to ensure that your financial foundation is solid before diving in.

Capital allowances allow you to claim tax relief on the cost of certain capital assets used in your business, such as equipment, furniture, and even the cost of renovating or improving your pharmacy premises.

Unfortunately, many pharmacy owners miss out on valuable tax savings by not claiming all the capital allowances they are entitled to. In this post, we’ll explain what capital allowances are, which assets qualify, and how you can ensure you're making the most of them.

As the financial year comes to a close, it’s crucial to take stock of your pharmacy’s financial health and ensure that everything is in order for the upcoming year. Year-end preparations can seem daunting, but with a clear checklist, you can streamline the process and ensure that your pharmacy enters the new financial year on solid footing.

Whether you’re looking to buy a pharmacy or sell your existing one, the process is often complex and filled with financial hurdles that require careful planning and attention.