How to Buy a Pharmacy Business Series: Benefits and Payroll Issues
Payroll related expenses are the second largest expense in an independent pharmacy. A thorough review and understanding of this area is critical in any purchase. In this video, Ollin Sykes, CPA, and Kathy Blanchard of Sykes & Company, P.A. discuss some of …
Buying and Selling Pharmacies: The Right Path to Financial Independence
Owning and operating an independent pharmacy is highly competitive, but it can also be highly profitable with the right legal and accounting advisors. In this webinar, Ollin Sykes, CPA, and Scotty Sykes, CPA, of Sykes & Company, P.A. and Jeffrey Baird, J.D., …
How to Buy a Pharmacy Business Series: Identify Accounting Red Flags
Accounting and tax red flags can be a sign to exercise caution and dig deeper when you are buying a pharmacy. A comprehensive review of the pharmacy accounting and tax records is critical in any purchase. In this video, Ollin Sykes, CPA, …
Classic Video: Trends in Buying a Pharmacy
In this video, pharmacy accountant Ollin Sykes, CPA discusses trends in buying a pharmacy. If you are interested in becoming a pharmacy owner or expanding your existing pharmacies, we encourage you to watch this video. …
336(e) Common Stock Purchase for Pharmacy Owners
A 336(e) common stock purchase has many advantages for pharmacy owners, but it is a very complex topic. In this video, Ollin Sykes, CPA, and Bonnie Bond, CPA, discuss the benefits of a 336(e) common stock purchase. They highlight the advantages to …
The Importance of Due Diligence When Buying a Pharmacy
Due diligence is an important process when buying a pharmacy. In this video, Ollin Sykes, CPA and Bonnie Bond, CPA discuss the importance of the due diligence process and what can be discovered when completing this process accurately. Make sure your due …
Financing Your Pharmacy Future
Before you sign a lease or any contract to buy a pharmacy, there are many due diligence and financing considerations to get your business off to a good start. In this recorded webinar with hosts Ollin Sykes, CPA.CITP and Scotty Sykes, CPA, …
Financing Your Pharmacy Business
Gain insights on opportunities for buying a pharmacy business and how to properly finance it through this Master the Margin Series webinar with First Financial Bank. Panelists included Bo Garmon and Drew Hegi, who focus on independent pharmacists for business planning and …
Pros and Cons of Asset and Stock Pharmacy Purchases
Purchasing a pharmacy can be a challenging process. Whether you buy a pharmacy through assets or stocks, both options require careful consideration and planning. Scotty Sykes, CPA, CFP recently discussed the pros and cons of both of these purchase options with America’s …
Buying a Pharmacy Article (Assets vs. Stock) Published in Drug Topics
Scotty W. Sykes, CPA, CFP,® recently published an article in Drug Topics magazine about two methods for buying a pharmacy: an asset purchase or a purchase of common stock. In the article, he outlines each method briefly, but focuses primarily on the …