Tax Planning for Your Pharmacy
Ollin Sykes, CPA, of Sykes & Company, P.A. discusses how the Tax Cuts and Jobs Act may impact independent pharmacies. The main areas of impact are: §199A deduction capabilities, technology updates and fixed asset purchases, meals and entertainment deduction guidelines and cash …
Classic Video: Three Most Important Pharmacy Accounting Inventory Issues
What are the three most important pharmacy accounting inventory issues? Ollin Sykes describes the importance of having a perpetual inventory system tied into your script management system and how the two work together. He also discusses why every pharmacy owner should have a …
Pharmacy Growth: Three Ways to Supercharge 2021
Independent pharmacy owners know they need to take steps to effectively compete with chain pharmacies and Amazon, but many wonder what those steps should be. In this recorded webinar with hosts Ollin Sykes, CPA and Bonnie Bond, CPA, hear from independent pharmacy …
Pharmacy Growth Through COVID-19
COVID-19 Challenges and Opportunities: Pharmacists Share Experiences for Patient Retention and Growth During Uncertain Times How did independent pharmacists adapt and also thrive during the COVID-19 pandemic? In this recorded webinar hosted by Bonnie Bond, CPA and Kendell Harris, CPA, we discuss …
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: 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: Top KPIs for Pharmacy Accounting
What are the top key performance indicators (KPIs) that determine the health of a pharmacy? Pharmacy CPA Scotty Sykes shares the top key performance indicators (KPIs) that experienced pharmacy accountants review regularly. He looks at why having accounting fundamentals in place is …
Classic Video: Getting The Most From Your CPA
Is your independent pharmacy CPA proactively looking at your books? Ollin Sykes discusses what you should expect from your CPA to maximize your position as an independent pharmacy owner. He covers how often to talk to your CPA and the number of …
Classic Video: Managing Payroll Costs in Your Independent Pharmacy
Your payroll percentage is a crucial component of your pharmacy’s bottom line net income. In this video, Scotty Sykes of Sykes & Company, P.A., talks about how to get your payroll cost in line with industry standards and best practices. He looks …
Classic Video: Gross Margin Expansion Ideas Updated
What’s the single most important aspect of operating your pharmacy profitably in 2016 and beyond? In this video, Ollin Sykes adds to his popular “Gross Margin Expansion Ideas” video (https://youtu.be/7j_mD0dJ1Do) with a new tip that’s crucial in a world of shrinking pharmacy …