The Tax Cuts & Jobs Act (TCJA) will impact most, if not all, pharmacy entities and their owners. However, as of the publishing of this video, we do not know how three key areas of this law will be implemented and, as a result, how they will specifically impact the pharmacy owner.
Pharmacy CPA Scotty Sykes reviews these areas:
- Section 199A (00:35)
- Cash method accounting for pharmacies (1:33)
- Business meals and entertainment (3:09)