SERIES: Master The Margin Episode 1: Independent Pharmacy Accounting Fundamentals
Welcome to the inaugural episode of our newest series Master the Margin with Scotty Sykes, CPA, CFP, and Kathy Blanchard, Senior Pharmacy Accountant. This series is all about diving deep into accounting and tax topics for independent pharmacy owners. In this episode, …
Top 3 Independent Pharmacy Accounting Tips For 2024
Whether you own your first store or your hundredth store, understanding independent pharmacy accounting is crucial. After all, accounting is the foundation of all businesses and pharmacy is no exception. However, independent pharmacy comes with its own set of unique opportunities and …
The Bottom Line Pharmacy Podcast: The State of PBM Reform with State Representative Buddy Carter, Georgia 1st District, BPharm
PBM reform is getting the most attention it’s ever received both from independent and community pharmacies that see the impacts on their reimbursements and with consumers that notice the impacts in their drug costs. In this episode of The Bottom Line Pharmacy Podcast, …
The Bottom Line Pharmacy Podcast The Hidden Cost of Not Automating Featuring Darin Gleason
With double DIR fees ending, it’s a great time to implement automation in your pharmacy. Whether your goal is to increase script volume or optimize payroll the opportunities that come with vial filling robots are fruitful. In this episode of The …
The Bottom Line Pharmacy Podcast: Appearance on The Catalyst Pharmacy Podcast: Tackle Independent Pharmacy Accounting
From DIR fees to current PSAO behavior, dive deep into independent pharmacy accounting on this bonus episode featuring Scotty Sykes, CPA, CFP‘s appearance on The Catalyst Pharmacy Podcast. Want to watch the full episode? Click here. More About the Catalyst Pharmacy Podcast: Presented …
ERTC Update: Incorrect Claims, New Tax Bill, and More!
The IRS continues to crack down on incorrect ERTC claims and recently released an update shining a light on 7 warning signs of incorrect claims. On this special bonus episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP, and Bonnie …
3 Last Minute Tax Planning Strategies for Independent Pharmacies
Navigating the complexities of tax planning for pharmacies can be tricky. However, after over 40 years of working with independent pharmacies, we’ve seen the good, the bad and the ugly when it comes to tax planning for independent pharmacies. In previous years, …
Trends in Independent Pharmacy Ownership – Live from NCPA 2023: The Sykes Bottom Line Pharmacy Podcast
Are you looking to stay up to date on the latest trends in independent pharmacy ownership? In this episode of The Sykes Bottom Line Pharmacy Podcast, we’re coming to you live from the NCPA conference for our first ever live podcast! Sit …
Meals Expense Update for 2021
Under the Taxpayer Certainty and Disaster Relief Tax Act of 2020, business owners can now deduct 100% of qualifying, business-related meals for tax years 2021 and 2022, but only if those meals are purchased at a restaurant. This special deduction is designed …
Payroll Taxes
Social Security Administration – The official website of the SSA. Lots of information and forms available for download. US Department of Labor – A wealth of information on scores of topics: Child labor, minimum wage, overtime, unions, family and medical leave, etc. …
