Classic Video: Gross Margin Expansion Ideas Updated
What’s the single most important aspect of operating your pharmacy profitably in 2016 and beyond? In this video, Ollin Sykes adds to his popular “Gross Margin Expansion Ideas” video (https://youtu.be/7j_mD0dJ1Do) with a new tip that’s crucial in a world of shrinking pharmacy …
Classic Video: What Are Startup Pharmacy Costs?
This is a classic video by Ollin Sykes. View our most recent videos on this topic. If you want to open a startup pharmacy, you may be surprised at all of the costs involved. In this video, Ollin answers questions including: How …
Classic Video: The Worst Mistakes in Startup Pharmacies
This is a classic video by Ollin Sykes. View our most recent video on mistakes made by startup pharmacies. Working with independent pharmacies across the country, Ollin Sykes has seen his share of mistakes and worst case scenarios. In this video he …
Classic Video: Managing DIR Fees in Independent Pharmacies
This is a classic video by Ollin Sykes. View our most recent video on how to manage DIR fees. “Direct and indirect remuneration” fees are extremely complex. In this video, Ollin Sykes talks about how many independent pharmacy owners don’t know all …
Accounting Prescription Series: Proactive Review of Your Accounting & Tax Systems
By Scott Sykes, CPA, CFP I’m sure at one point or another, you’ve wondered what a second opinion of your tax return and accounting system would yield. Maybe you had a big tax surprise on April 15 or random IRS notices, or …
An Accounting Prescription Series: Proactive Pharmacy Accounting, Business & Tax Checklist
By Scotty Sykes, CPA Need an accounting and tax checklist to get you organized going into the second half of the year? Below is a checklist to help you get proactive for fall and winter 2017. Don’t wait get started now! Verify …
An Accounting Prescription Series: 4 Quick Accounting & Tax Tips for 2016
By Scotty Sykes, CPA There are several things you can be doing on a daily basis to improve your accounting and tax situations. Procrastinating with your accounting and taxes until year end can cost you money and time – plus leave you …
Classic Video: When to Sell a Pharmacy
In this video, Ollin Sykes of Sykes & Company P.A. talks about how to set up the sale of your pharmacy to meet your goals. He discusses not only when to sell, but how to prepare and how to sell. You’ll find …