Critical Questions about Tax Reform
The Tax Cuts & Jobs Act (TCJA) will impact most, if not all, pharmacy entities and their owners. However, as of this writing, we do not know how many areas of this law will be implemented and as a result, how they …
The Drug Supply Chain Security Act & Its Implications For Pharmacies
In this episode of The Bottom Line Pharmacy Podcast, join us as we sit down with Joshua Potter from PRS Consulting to discuss the Drug Supply Chain Security Act and its implications for independent pharmacies. Uncover the critical aspects of the DSCSA …
Classic Video: Bookkeeping vs. Accounting: What’s the Difference?
What’s the difference between accounting and bookkeeping? Ollin Sykes and Scotty Sykes explain how proper accounting interprets, classifies, and allows for analyzing and reporting of financial data. During this webinar you will learn: What pharmacy owners should be seeing daily, weekly and …
How well is your pharmacy’s accountant performing?
Accounting can seem like a black box: data goes in, numbers come out and the middle is a mystery. In the latest video blog from Ollin Sykes, you’ll learn that there are simple ways to know that your accountant is doing the …
Classic Video: The Worst Mistakes in Startup Pharmacies
This is a classic video by Ollin Sykes. View our most recent video on mistakes made by startup pharmacies. Working with independent pharmacies across the country, Ollin Sykes has seen his share of mistakes and worst case scenarios. In this video he …
Classic Video: When I want to sell my pharmacy, are there hidden fees?
Continuing our series of answers of common questions from the NCPA Ownership Workshop in May, Ollin Sykes of Sykes & Company P.A. talks about the fees associated with selling your pharmacy. What do you need to ask about and what do you …
Classic Video: Trends In Perpetual Inventory Practices
In this video blog, Ollin Sykes of Sykes & Company, P.A., talks about why it’s important for independent pharmacy owners to have a perpetual inventory system that’s kept up to date. What are other trends in pharmacy accounting? Learn about the rise …