Scotty Sykes, CPA, CFP® Creates Continuing Education Curriculum for NCPA
For the December 2021 issue of America’s Pharmacist, the premiere publication of the National Community Pharmacists Association (NCPA), Scotty Sykes, CPA, CFP® wrote a whitepaper about the fundamentals of a sound financial and accounting system. Sykes & Company, P.A. is a frequent …
Pharmacies May Fall Under CMS IFR and OSHA Rules for Mandated COVID-19 Vaccinations
The Centers for Medicare and Medicaid Services (CMS) and OSHA have issued new rules for mandated COVID-19 vaccinations, testing and mask wearing for certain employers beginning in December 2021. A whitepaper by Brown & Fortunato, P.A. law firm outlines how these new …
Increase Cash Flow with COVID Testing
In this special Master the Margin webinar, we invited guest Nicolette Mathey, owner of Atrium 24, to share her personal experience and knowledge about setting up an independent pharmacy as a COVID-19 testing site. Scotty Sykes, CPA, CFP® and Kathy Blanchard from …
HHS Provider Relief Fund Deadlines and Reporting Requirements
The National Community Pharmacists Association has just published a new resource about the Provider Relief Fund (PRF). This whitepaper, prepared for NCPA by Sykes & Company, P.A. in collaboration with law firm Brown & Fortunato, provides details on updated PRF reporting requirements …
FAQ Regarding SBA Expanded EIDL Program
The U.S. Small Business Administration (SBA) recently announced that it is quadrupling the Economic Injury Disaster Loan (EIDL) cap from $500,000 to $2 million. Answers to many questions pharmacy owners have regarding the EIDL can be found in the new FAQ Regarding …
HHS Provider Relief Fund Update and Rural Health Grants Eligibility
There is a 60-day grace period beyond September 30, 2021 for prior HHS Provider Relief Fund (PRF) reporting. In addition, there is one application to receive future pandemic relief funding from $25.5 billion in Phase 4 PRF and a Rural Health Grant …
Tax Credits for Employers Available until September 30, 2021
The American Rescue Plan Act (ARPA) of 2021, signed on March 11, 2021, extends the expiration date of the employment tax credits under the Families First Coronavirus Response Act (FFCRA) until September 30, 2021. Employers are no longer required to provide emergency …
SBA Expands EIDL Program Again, Lending Through 12/31/21
The U.S. Small Business Administration (SBA) announced that it is quadrupling the Economic Injury Disaster Loan (EIDL) cap from $500,000 to $2 million, effective immediately. Additionally, debt payments have been added to the list of ways a business can use loan proceeds. …
2021 Employee Retention Tax Credit for Independent Pharmacies
Does your independent pharmacy qualify for the 2021 Employee Retention Tax Credit? Watch this video for more information. The tax credit is a continuation of the Consolidated Appropriations Act (CAA), which was signed into law to help businesses struggling under the COVID-19 …
2021 Advance Child Tax Credit Payments | Opt Out to Claim Full Credit on Tax Return
Legislation passed by the Biden Administration in March 2021 has authorized the IRS to send advance Child Tax Credit payments to taxpayers who qualify. The federal Child Tax Credit has been increased to $3,600 per dependent child ages 5 and under and …
