For pharmacy owners, a simple change of name, address or bank account can cause serious headaches if details aren’t updated consistently across your personal, business and legal affairs. From frozen accounts to delayed licence renewals, a mismatch in your paperwork can quickly stop your business in its tracks.

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There has been considerable discussion in the media following an announcement by Treasurer Jim Chalmers about upcoming changes to the proposed Treasury Laws Amendment (Better Targeted Superannuation Concessions) Bill 2023. Notably, Treasurer Chalmers revealed on 13 October 2025 that the Government will introduce amendments to the bill, addressing some of the more contentious elements.

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As we commence the new financial year, I am pleased to share news of some well deserved staff promotions at Holman Hodge and a new, executive appointment to our leadership team.

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As 30 June rapidly approaches, pharmacy owners should be actively reviewing their business and preparing for year-end obligations. Beyond the usual tax considerations, pharmacies face a unique mix of operating and accounting complexities that require a tailored approach. At Holman Hodge, we work closely with pharmacy clients and understand the critical role that clean, accurate reporting plays in presenting a true picture of your business to stakeholders, including banks.

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How would you feel if you paid double what a pharmacy was really worth? It’s a question that zeroes in on why due diligence matters.

Buying a pharmacy business is a big step, full of uncertainties and unknowns. One of the ways to bring more certainty to a transaction is in undertaking due diligence. It’s something that we talk about all the time and support many, many clients to undertake in support of their purchase decisions. But what exactly is it and why is it so important?

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