Key points Define your retirement lifestyle early to guide financial planning effectively. Retirement isn’t just about money—purpose and fulfilment matter. Gradual work reduction can support income and personal wellbeing Even if you have built a valuable business, a sizeable superannuation balance, or other assets, transitioning to retirement is a big step. We are living longer, […]
Key points You can access super via a Transition to Retirement Income Stream (TRIS) without retiring. TRIS allows part-time work while drawing income from super. Tax benefits vary based on age and preservation status. Reducing your hours at work may be appealing but how do you maintain your income to make the most of more […]
Key points ATO cautions businesses with large tax debts or unpaid super obligations. Non-compliance may lead to credit reporting agency disclosures. Prompt settlement is urged to avoid reputational and financial damage. The Australian Taxation Office (ATO) has issued a caution to businesses carrying substantial tax debt or those that have neglected their superannuation responsibilities, instructing […]
Key points Monthly or quarterly budgeting helps manage inflation and reduce costs. Inflation squeezes cash flow and raises loan repayments, hurting profitability. Budgeting supports both cost control and revenue growth for business resilience. Businesses are battling rising costs and inflation. With inflation reaching a high of more than 8% last year and taking time to […]
Key points Over $3.5 trillion in assets will be transferred across generations in Australia between now and 2050. Inheritances make up 90% of wealth transfers, with values expected to quadruple to $500 billion annually. Strategic estate planning ensures wealth is passed on effectively, aligning with personal values and family needs. Australia is on the cusp […]
Creating a strong Employee Value Proposition (EVP) should be a core focus for business leaders and owners. People aren’t as interested in climbing a ’career ladder’, instead opting to move around a ‘career lattice’ that offers a wide breadth of experiences. Building a strong EVP will start with understanding and listening to your people.
Key points Only occupation-specific or protective clothing qualifies for tax deductions . Uniforms must be unique or display a permanent employer logo to be deductible. Keep records of purchases, cleaning costs, and employer allowances for valid claims. The ATO allows certain taxpayers to claim a deduction for the cost of buying and cleaning occupation-specific clothing, items […]
In this episode Mark Nicholson speaks with Professor Trent Twomey, President of the Pharmacy Guild of Australia, regarding the business of prescribing.
Pitcher Pharmacy, the specialist Pharmacy Division at Pitcher Partners, have been helping Pharmacists create strategic partnerships for over 35 years. When it comes to pharmacy partnerships, we have seen ‘the good’ where both partners win, ‘the bad’, where only one partner wins, and ‘the ugly’, where neither partner wins.
In a double feature, Norman Thurecht talks with Murray Fry, previous partner and Sarah Baker, current partner of Camperdown Pharmacy in Victoria about the transition of ownership. Murray entered his ownership of pharmacy via partnership and saw it as a suitable method to exit.
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