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 …
Classic Video: Common Mistakes in Pharmacy Accounting
In this video, Pharmacy CPA Scotty Sykes talks about mistakes he frequently sees independent pharmacy owners make with their accounting systems. To begin with, too many pharmacy owners don’t have a solid accounting system. Scotty explains the importance of viewing your accounting …
Classic Video: The Dangers of Using Your Bank Account As Your Accounting System
In the past, independent pharmacy owners may have used their bank balance to tell them the health of their pharmacy. In this video, Scotty Sykes explains why this is not an effective way to manage your pharmacy accounting—especially given today’s tight margins. …
Classic Video: Accounting and Tax Strategies for Retail Pharmacies
In this webinar, “The Unaccountable Pharmacy: Accounting and Tax Strategies for Retail Pharmacies,” Ollin Sykes and Scotty Sykes take you behind the scenes for a detailed look at pharmacy accounting. See the numbers you should be tracking (with the help of your …
How to Connect Using Microsoft Teams
Learn how to avoid any technical difficulties during your virtual meetings with Sykes & Company, P.A. In this five-minute video facilitated by Kendell Harris, CPA, you will learn how to successfully install and use Microsoft Teams to connect with our team. Sykes …
The NCPA Foundation Disaster Relief Fund
The NCPA Foundation has a relief fund available for community pharmacy owners to provide financial relief in the event of disaster, accidents, illness or other adverse circumstances. In this video, Scotty Sykes, CPA of Sykes & Company, P.A., discusses the basics of …
Have You Discovered Sykes University for Pharmacies?
Accountants and advisors who focus on independent pharmacies are very different from bookkeepers. At Sykes & Company, P.A., we offer guidance and resources for all aspects of your pharmacy business, including staff training. We work with hundreds of existing pharmacies nationwide, including …
Add Value Using the Sykes & Company, P.A. Exclusive Pharmacy Accounting Model
Scotty Sykes, CPA, CGMA describes how Sykes & Company, P.A. helps pharmacy owners with accounting, tax and advisory services. Find out how we can add value beyond the financial statements, balance sheets and profit and loss statements you receive from QuickBooks. Our …
DIR Fees and How to Manage Them
DIR fees are the third largest expense in any independent pharmacies. Proper management can help mitigate these fees. In this video, Ollin Sykes, CPA, and Kathy Blanchard of Sykes & Company, P.A. discuss what trends they are seeing with DIR fees, the …