NCPA Updates and Upcoming Events
National Community Pharmacists Association (NCPA) protects and promotes the interests of independent pharmacists whose success is vital to their patients and their communities. On this episode of The Bottom Line Pharmacy Podcast, your hosts Bonnie Bond, CPA, Kendell Harris, CPA and Scotty …
How it All Began with Ollin Sykes, CPA.CITP, CMA
We get asked all the time about how Sykes & Company, P.A. got started, so we invited Ollin Sykes, CPA.CITP, CMA – the pioneer himself – to tell us how it all began. Join Ollin, Bonnie Bond, CPA, Kendell Harris, CPA and …
How Does the Inflation Reduction Act Affect Pharmacies?
Note: This video was recorded prior to the House vote and President Biden signing the Inflation Reduction Act of 2022 into law. In this episode of The Bottom Line Pharmacy Podcast, join the Sykes & Company, P.A. team as they discuss the …
Update on Employee Retention Tax Credit (ERTC)
Recently there has been a lot of industry chatter about the Employee Retention Tax Credit (ERTC). In this episode of The Bottom Line Pharmacy Podcast, join Bonnie Bond, CPA, Kendell Harris, CPA and Scotty Sykes, CPA, CFP® as they talk about qualifying …
Pharmacy Accountants Recap 2022 Trade Show Circuit
In this lighthearted, yet educational episode of our new The Bottom Line Pharmacy Podcast, join the Sykes & Company, P.A. team as they recount memories and takeaways from their tour of the independent pharmacy trade show circuit in 2022. Pharmacy accountants and …
Pharmacy Accounting: Three Tips to Manage Payroll Expenses
How do you keep a lid on pharmacy payroll costs when wages are rising to attract and keep talent? Pharmacy advisor Katie Musorofiti, CPA shares three ways that independent pharmacists can manage these costs and improve cash flow. She recently published her …
Pharmacy Tax Planning: 3 Tips to Avoid Surprise Tax Bills
In this video, Bonnie Bond, CPA and Kendell Harris, CPA at Sykes & Company, P.A. discuss surprise tax bills — money you owe that you did not expect. They offer three tips for pharmacy tax planning that help you avoid these surprise …
Pharmacy Tax Planning: To File or Not to File an Extension
In this video, Kendell Harris, CPA at Sykes & Company, P.A. talks about legitimate reasons to file an extension on your pharmacy tax return…and reasons why you should not file an extension. Even with an extension to file, you may need to …
R&D Tax Credit Opportunities for Pharmacy Compounding Services
If you are a compounder, you may qualify for a credit calculation worth potentially thousands of dollars in tax savings each year, based on the R&D tax credit. This could be worthwhile particularly for pharmacies producing 30 to 50 compounds on average …
Good Accounting for Tax Planning Strategies
Good accounting goes beyond daily, weekly and monthly reconciliations and cash flow management. It also supports your pharmacy business decisions and tax planning. In this video, Scotty Sykes, CPA, CFP® provides an overview of how good accounting practices can lead to better …