Inventory Issues

Four Pharmacy Accounting & Tax Tips

Proactive accounting throughout the year is one of the best tax planning strategies for your independent pharmacy and will save you money and stress. Scotty Sykes, CPA at Sykes & Company, P.A. shared with Pharmacy Times a few key areas that can help in your tax planning and mitigation. In the article, he shares:

  • The benefits of an overview of your current accounting system.
  • How technology can provide an advantage in your accounting.
  • Why inventory control is a critical factor in your pharmacy management.
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