11
Three Things Your Inventory is Telling You about Profits
Inventory issues in an independent retail pharmacy is crucial to what the income statement and profit and loss statement are going to show, …
22
The Impact of Pharmacy Inventory Management on Gross Margins | Sykes & Company, P.A.
Your pharmacy inventory is critical to your gross margins. Learn how to properly manage your inventory to achieve a good industry average …
08
Bookkeeping vs. Accounting vs. Sykes Accounting
Often the terms bookkeeping and accounting get interchanged and confused with each other. In this video, Scotty Sykes of Sykes & …
07
How the Tax Cuts and Jobs Act of 2017 is Affecting Pharmacy Accounting
Under the Tax Cuts and Jobs Act of 2017 (TCJA), pharmacy owners are seeing many changes that are affecting how they do their accounting and …
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 …
