An Accounting Prescription Series: 4 Quick Accounting & Tax Tips for 2016
By Scotty Sykes, CPA There are several things you can be doing on a daily basis to improve your accounting and tax situations. Procrastinating with your accounting and taxes until year end can cost you money and time – plus leave you …
I already have a CPA
All of our clients had a CPA before they switched to us. These are some of the questions that inspired them to move to Sykes & Company, P.A.: Do you know where your pharmacy stands every day (not just your bank account …
Do You Need a Comprehensive Pharmacy Accounting System (CPAs)?
It is critical to work with a proactive and responsive accounting team with pharmacy-specific expertise to help guide you through the complex accounting and tax hurdles you face every day. Our system is designed to give you accurate and timely information to …
Accounting Prescription Series: Proactive Review of Your Accounting & Tax Systems
By Scott Sykes, CPA, CFP I’m sure at one point or another, you’ve wondered what a second opinion of your tax return and accounting system would yield. Maybe you had a big tax surprise on April 15 or random IRS notices, or …
Focus on DIR Fees: Three Ways to Manage Them
When looking at the P&Ls of many independent and community pharmacies, DIR fees are now the third largest expense to impact store cash flow and profitability. Although more and more third party reconciliation systems are reporting monthly DIR fees and related adjudication …
Pharmacy Checks and Balances: Preserve Business Value and Quality of Life
By Bonnie Bond, MBA, CPA, and Katie Musorofiti, MSIA, CPA The common image of a community or independent pharmacist is someone in a white lab coat, filling pill bottles and discussing dosage and drug interactions with patients at the counter. Behind the …
Maximizing Adherence Packaging for Patient Health and Pharmacy Growth
Independent and community pharmacists can now invest in technologies that result in more efficient practices, improved quality of care, and increased margins. The environment may be right for your pharmacy. In the last few years, competitors in e-commerce have entered the health …
COVID-19 Health Care Provider Exclusion to Families First Coronavirus Response Act (“FFCRA”)
Sykes & Company, P.A. has teamed up with Brown & Fortunato, P.C. law firm to create a whitepaper that addresses the healthcare provider exclusion to the Families First Coronavirus Response Act (the FFCRA). The FFCRA is the larger legislative umbrella for the …
Pharmacy COVID-19 Testing Regulations
In this whitepaper, Sykes & Company, P.A. has partnered with the Health Care Group of law firm Brown & Fortunato, P.C. to share key regulatory requirements for COVID-19 testing. Independent pharmacies should review these requirements as part of their testing services planning …
COVID-19 $484 Billion Relief Bill Provisions for Pharmacies
On April 24, 2020, President Trump signed into law a new $484 billion COVID-19 relief bill with almost unanimous Congressional support. The $484 billion in the new Paycheck Protection Program and Health Care Enhancement Act (“The PPPHCE Act”) is largely earmarked for …