Tax Reform, Pharmacy Accounting

Compound Your Way to Lower Taxes

How can you lower your taxes and save money through compounding? Scotty Sykes, CPA recently shared how special deductions through the Domestic Production Activities Deduction (DPAD) can benefit independent pharmacies with America’s Pharmacist. In the article, he shared:

  • Eligibility considerations for pharmacies
  • Factors to consider before taking this deduction
  • Determining if you should go back up to two years to claim this deduction

Find out how compounding may lower your taxes and benefit your independent pharmacy by reading the article here.

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