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 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 …
How the Signed COVID-19 Relief Bill Will Affect Pharmacies
On December 27, 2020 President Trump signed a COVID-19 stimulus bill to provide additional relief to individuals and businesses who have experienced economic hardship due to the pandemic. In this video, Scotty Sykes, CPA highlights the major components of the bill that …
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 …
Good Neighbor Pharmacy Connect Podcast
Scotty Sykes, CPA, CFP® participated in a podcast with Good Neighbor Pharmacy on loan and tax provisions within the Coronavirus Aid, Relief and Economic Security Act (CARES Act). …
Good Neighbor Pharmacy Connect Special Edition – CARES Act Part 2
This podcast, recorded on June 30, 2020, provides new updates on the CARES Act stimulus provisions as well as guidelines for loan forgiveness. Scotty Sykes, CPA, CFP® shared his insights as part of a professional panel on relief programs and resources. They …
Paycheck Protection Program UPDATE: Applying for Loan Forgiveness Webinar
Scott Sykes, CPA, CFP® and Ollin Sykes, CPA.CITP, CMA held a webinar for the National Community Pharmacists Association on The Paycheck Protection Program (PPP) as the SBA and Treasury finally issued more information with the release of the PPP Forgiveness Application. They …
Key Performance Indicators that Impact your Bottom Line, Cash Flow and Valuation
American Pharmacies invited Ollin Sykes, CPA.CITP, CMA and Scotty Sykes, CPA, CFP® to present the webinar: “Key Performance Indicators that Impact your Bottom Line, Cash Flow and Valuation.” KPIs help your independent pharmacy proactively plan and strive to outperform industry averages. In …
CARES Act Provider Relief Fund & HHS Stimulus – Uses and Management
By now, pharmacies may have received two distributions from the CARES Act provision known as the Medicare Provider Relief Fund, which allocates automatic stimulus grants to providers that billed Medicare Fee-for-Service (MFFS) in 2019 or have provided COVID-19 related services in 2020. …
IRS Midyear Provisions Offer Changes and Flexibility
To assist with the nation’s response to the 2019 Novel Coronavirus outbreak, the IRS announced last week with Notice 2020-29 its intention to provide increased flexibility for midyear elections related to employer-sponsored health coverage, health Flexible Spending Arrangements, and dependent care assistance …