22
Standard Deduction vs. Itemized Deduction
Under the Tax and Cuts Jobs Act (TCJA), the changes to allowed itemized deductions may push many taxpayers below the new standard deduction …
12
Tax Insights Update: Expensing and Net Operating Loss Calculations
In this video, Ollin Sykes gives an update on the TCJA regarding how pharmacists should plan ahead to properly expense and calculate net …
04
Meals and Entertainment Deduction: New Tax Law Reform
Under the tax reform of the Tax Cuts and Jobs Act (TCJA), the rules have changed in regards to the meals and entertainment deduction. In an …
04
Tax Reform Impact on Independent Pharmacies
Under the tax reform of the Tax Cuts and Jobs Act (TCJA), the rules for deduction and depreciation have changed significantly and are sure …
04
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 …
04
Build an Accounting Foundation for Pharmacy Success
When something in viewed as not important or a burden, it can quickly fall to the bottom of the priority list. Scotty Sykes, CPA explains …
04
Cloud Based Accounting for Pharmacies
The most successful independent pharmacies are taking full advantage of accounting innovation. Scotty Sykes of Sykes & Company, P.A. …
04
Accounting for Your Pharmacy – Beyond the Bank Account
Using your bank account as your pharmacy’s accounting system leaves you in the dark about the true performance of your pharmacy business. …
04
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. …
