Trends for DIR Fees in 2018
Direct and indirect remuneration (DIR) fee increases are being implemented in 2018, but may be retroactive to 2017 in some cases. In this video, Scotty Sykes, CPA of Sykes & Company, P.A. discusses the trends in DIR fees for 2018 and what types …
What You Need to Know About DIR Accounting
What does an independent pharmacy owner need to know about DIR accounting? In this brief video, Ollin Sykes, CPA, of Sykes & Company, P.A. discusses DIR (Direct and Indirect Remuneration) fees and how to properly record DIR fees. He explains how to …
DIR Fees: Accounting and Tax Treatment
How should pharmacies treat DIR (Direct and Indirect Remuneration) fees from an accounting and tax perspective? Ollin Sykes of Sykes & Company, P.A. explains the complexity of DIR fees. He also shares how to track these fees and keep your pharmacy reporting …
Classic Video: Managing DIR Fees in Independent Pharmacies
This is a classic video by Ollin Sykes. View our most recent video on how to manage DIR fees. “Direct and indirect remuneration” fees are extremely complex. In this video, Ollin Sykes talks about how many independent pharmacy owners don’t know all …
The Bottom Line Pharmacy Podcast: From Zero to Community Pharmacy Hero Featuring Hashim Zaibak
While the path to multi-store ownership may look different for everyone the principles remain the same. From his first location in 2011 to over 20 stores in 2024, Hashim Zaibak’s rule for managing multiple stores has remained the same – “I take …
The Bottom Line Pharmacy Podcast: Transforming Your Pharmacy: Supplements, Strip Packaging, and PBM Reform
One of biggest pain points pharmacists face is patients taking their medications regularly. In fact, research from the NCPA shows that the average refills for chronically ill patients at pharmacies is 7 ½ out of 12. One of the innovative ways to …
The Bottom Line Pharmacy Podcast: The Complex World of Pharmacy Reimbursement and Negotiation Strategies with Frier Levitt Attorneys at Law
The sunsetting of DIR fees has brought about several changes to the percentages that payers have made up for different pharmacies. In some cases, you have the same payer and the same drug reimbursement with different rates at different times for different …
ERTC Update: Incorrect Claims, New Tax Bill, and More!
The IRS continues to crack down on incorrect ERTC claims and recently released an update shining a light on 7 warning signs of incorrect claims. On this special bonus episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP, and Bonnie …