Meals and Entertainment – IRS Guidance Released
The IRS has released guidance on the meals and entertainment section of the tax reform. In this video, Scotty Sykes, CPA of Sykes & Company, P.A., discusses what is still deductible, under what conditions and what is no longer able to be …
PPP Loan Forgiveness for Pharmacies
Have you received a PPP Loan? Once you receive these funds, the real work begins. Ollin Sykes and Scotty Sykes provide early insights on what pharmacies will need to track and report regarding use of PPP funds. This documentation is required in …
Why Mature Pharmacies Need Transaction Advisory Services
Who are the advisors that a mature pharmacy should have on hand to support growth? In this video, Ollin Sykes, CPA, discusses the transaction advisors that mature pharmacies should be sure to have on their advisory team, beginning with a pharmacy CPA. …
Why You Need a Pharmacy Specific CFO
Growth increases the complexity of pharmacy accounting. This makes working with a CFO with pharmacy experience critical for your independent pharmacy’s continued growth. CFOs with pharmacy experience understand the metrics and pharmacy KPIs. In this video, Scotty Sykes, CPA, shares the benefits …
Fundamentals of Pharmacy Accounting
Fundamental accounting is a key component to financial success in independent pharmacies and provides a clearer picture for you to understand how your pharmacy is performing. In this video, Megan Perry, CPA, and Kathy Blanchard of Sykes & Company, P.A. share how …
Working With — Not Against — PBMs
It makes business sense for an independent pharmacy to work collaboratively with PBMs, as opposed to having an adversarial relationship. This Master the Margin webinar hosted by Sykes & Company, P.A. discusses exactly how the pharmacy can work with PBMs on a …
Marketing for Pharmacies with Gabe Trahan
In this episode, our hosts are joined by Gabe Trahan, marketing consultant and former senior director of store operations and marketing for NCPA. With 40+ years of pharmacy management experience, Gabe discusses marketing for pharmacies and how to make the most of …
Classic Video: Keys to a Resilient Pharmacy Accounting System
What are the keys to a resilient pharmacy accounting system? In this video, Scotty Sykes explains the keys to creating an accounting system that can withstand common physical, electronic and security risks. As a bonus, a resilient accounting system can help position …
Classic Video: Last Minute Tax Strategies for Pharmacy Owners
How can pharmacy owners maximize their deductions for 2017? Scotty Sykes shares last minute tax strategies for pharmacy owners to maximize their 2017 returns. These tax strategies include prepaying your state and local estimated taxes, making charitable contributions, planning around pharmacy entertainment …
Classic Video: The Most Important Accounts Receivables Issues in Pharmacy Accounting
Are your outstanding receivables at over 60 days or more? Ollin Sykes warns pharmacists about the dangers of relying on your third-party accounts reconciliation system to manage your receivables . In this video, get tips for monitoring remittances, dealing with unpaid claims …