What to do if Employees have COVID-19 Symptoms
What protocols are necessary when a pharmacy employee displays symptoms of the COVID-19 virus? What protections should be in place to protect the public and other coworkers? This report provides an important overview of provisions that need to be taken by the …
COVID-19 Recent Federal Employment Laws
This whitepaper was prepared by the Health Care Group of law firm Brown & Fortunato, P.C. for Sykes & Company, P.A. to share with our pharmacy clients. It contains a brief summary of recent employee leave laws, including the Emergency Paid Sick …
COVID-19 Patient Exhibiting COVID-19 Symptoms
If a pharmacy determines that a patient has COVID-19 symptoms, what steps should it take? In this whitepaper, prepared by the Health Care Group of law firm Brown & Fortunato, P.C., six specific steps are outlined. Sykes & Company, P.A. is pleased …
SBA Expands EIDL Program Again, Lending Through 12/31/21
The U.S. Small Business Administration (SBA) announced that it is quadrupling the Economic Injury Disaster Loan (EIDL) cap from $500,000 to $2 million, effective immediately. Additionally, debt payments have been added to the list of ways a business can use loan proceeds. …
Tax Credits for Employers Available until September 30, 2021
The American Rescue Plan Act (ARPA) of 2021, signed on March 11, 2021, extends the expiration date of the employment tax credits under the Families First Coronavirus Response Act (FFCRA) until September 30, 2021. Employers are no longer required to provide emergency …
FAQ Regarding SBA Expanded EIDL Program
The U.S. Small Business Administration (SBA) recently announced that it is quadrupling the Economic Injury Disaster Loan (EIDL) cap from $500,000 to $2 million. Answers to many questions pharmacy owners have regarding the EIDL can be found in the new FAQ Regarding …
Stock Verses Asset Purchase: Pros and Cons
In this whitepaper, prepared for Sykes & Company, P.A., Jeffery S. Baird, Esq., from the Health Care Group of Brown & Fortunato, P.C., an Amarillo, Texas law firm, discusses the pros and cons of acquiring a pharmacy utilizing a stock purchase verses …
Best Practices for Compensating Delivery Drivers and Independent Contractors
Sykes and Company, P.A. recommends delivery drivers be paid as W-2 employees and not as independent contractors. We base this recommendation on three factors per IRS regulations – Behavioral Control, Financial Control and Relationship of the Parties. The Behavioral Control encompasses facts that demonstrate …
Congress Approves $900B Bill for COVID Relief, Awaiting President’s Signature
NOTE: This article was written prior to President Trump signing the bill. Congress approved a $900 billion bill for additional COVID relief. Below are key takeaways pharmacy owners should be mindful of as they do last minute planning. Paycheck Protection Program (PPP) …
States Gain Power to Regulate PBM Rate Reimbursements, Supporting Independent Pharmacies
With the 2020 Supreme Court ruling, Rutledge v. Pharmaceutical Care Management Association, states have gained power to require PBMs to reimburse pharmacies for drugs at a rate equal to or higher than the pharmacies’ wholesale cost. The unanimous 8-0 opinion stated that …