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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:
Mastering The Margins In Your Pharmacy! Independent Pharmacy Fireside Chat. In this episode of The Bottom Line Pharmacy Podcast, we’re taking a step away from our guest interviews to bring you some start of 2025 updates. Scotty Sykes, CPA, CFP and Bonnie Bond, CPA...
Is your pharmacy getting paid what it’s supposed to be getting paid? Make reconciliation your superpower! In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP® and Bonnie Bond, CPA sit down with Vanessa Luu, Supervisor of Reconciliation at...
Questions about robotics and tax planning? Don’t miss this episode of The Bottom Line Pharmacy Podcast! Join Scotty Sykes, CPA, CFP and Bonnie Bond, CPA as they sit down with Darin Gleason, National Sales Director for Retail Pharmacies at ScriptPro to discuss: ...
In 2017, the first major tax reform in over 30 years passed and it had a tremendous impact on independent pharmacies. Now, with the 2024 election right around the corner, many of these items could see a change! In this episode of Master The Margin, we're taking a...
With Walgreens planning to close 25% of its locations over the next 3 years, many independent pharmacies will face significant cash flow challenges from underwater scripts leaving and then coming back to new scripts transferring. In this episode of The Bottom Line...
Fixed Assets...what are they and what are the best practices you need to implement in your pharmacy? In this episode of Master The Margin, Scotty Sykes, CPA, CFP® and Kathy Blanchard, Senior Pharmacy Accountant dive into the essentials of fixed assets. Tune in to...
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...
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,...
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...
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 Bottom Line...
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Schedule a complimentary call with one of our pharmacy CPA advisors, or jump right in and asses your growth potential with our Rx Assessment.