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The IRS has released guidance on the meals and entertainment section of the tax reform. In this video, Scotty Sykes, CPA of Sykes & Company, P.A., discusses what is still deductible, under what conditions and what is no longer able to be deducted. He also addresses proper documentation for your pharmacy accounting that will help set the tone in the event of an audit.
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According to the Centers for Disease Control and Prevention (CDC), diabetes is about 17% more prevalent in rural areas than urban ones. With rural communities often facing barriers to accessing healthcare, including limited specialists and transportation. But what if...
Is Your Pharmacy Prepared for a Cyberattack? In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP and Austin Murray sit down with Trenton Thiede, President of PAAS National, to unpack the rising cybersecurity threats facing independent...
Pill bottles don’t talk...but what if they could? Now you can know exactly how (and when) patients take their meds. That’s the power of Remote Therapeutic Monitoring! And on this week’s episode of The Bottom Line Pharmacy Podcast, we're diving into the mechanics of...
Cracking the 340B code can feel like climbing Mt. Everest…but done right, it can be an absolute game-changer for independent pharmacies. That’s what this week’s episode of The Bottom Line Pharmacy Podcast is all about! Scotty Sykes, CPA, CFP® and Kathy Blanchard team...
Are you shipping GLPs and other compounded medications out of state? You may have a tax compliance issue. From constant GLP changes to multi-state taxes, we’re coming to you post-APC Owner’s Summit to bring you the 411 on the compounding world! In this episode of...
Inventory can make or break the value of a pharmacy - especially during a sale. But how do you ensure you’re handling it the right way? In this episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA, CMA, CITP, and Austin Murray break down the complexities of...
Growth Mode…Activated! ✅ From the show floor at the inaugural AtriumX conference, Sykes & Company Leaders Scotty Sykes, CPA, CFP and Austin Murray caught up with Todd Eury, Owner and Founder of RxPR and Pharmacy Podcast Network. On this special bonus episode of...
Thinking of expanding into functional medicine, telehealth, or cash-based care models? We’ve got all of that and more in this episode! In this episode of the Bottom Line Pharmacy Podcast, we’re giving you the most impactful takeaways from our recent appearance at...
Turning a struggling pharmacy around...it takes strategy, infrastructure, and most importantly, strong 👏 relationships 👏! That’s the focus for this week’s episode of The Bottom Line Pharmacy Podcast! This week, Scotty Sykes, CPA, CFP® and Bonnie Bond, CPA sit down...
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...
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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.