Tax Reform, Pharmacy Accounting

Don’t Get Taxed to the Max

Many independent retail pharmacies are experiencing tighter cash flow and may be paying Uncle Sam more than they are legally required to. Scotty Sykes, CPA at Sykes & Company, P.A. recently shared with America’s Pharmacist four strategies that could benefit your retail pharmacy and that are worth discussing with your advisor. These strategies include:

  • Domestic Production Deduction
  • Section 179 Deduction
  • Conservation Easements
  • Retirement Options

Learn about these four strategies that may potentially help your independent pharmacy reduce your tax bill.

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