DIR Fee Apocalypse- The Bottom Line for 2024
On this episode of The Bottom Line Pharmacy Podcast, our hosts discuss the upcoming DIR fees in 2024 and how they will affect independent pharmacies. We stress the importance of planning and knowing your pharmacy’s current burn rate with DIR fees in …
New Inventory Rules Impacting Pharmacies: TD 9942 Update
When the Tax Cuts & Jobs Act of 2017 was signed into law, many pharmacy owners interpreted the new rules to mean taxpayers could write off inventory. Now that Treasury Decision 9942 has gone into effect, pharmacy owners that wrote off inventory need …
This is why you don’t “fill and pray” – The Bottom Line Pharmacy Podcast
Dear independent pharmacies: When you have potentially thousands of dollars a month in unreimbursed claims, you can’t leave it up to chance that you will receive that money, or as we say, don’t “fill and pray.” Get your third-party system up-to-date through …
Is Your Front End an Asset or a Liability? – The Bottom Line Pharmacy Podcast
Does your over-the-counter section of the store give patients the impression that you are a thriving or a dying pharmacy? Are the items on your shelf driving traffic into or out of your pharmacy? On this episode of The Bottom Line Pharmacy …
Update on Employee Retention Tax Credit (ERTC)
Recently there has been a lot of industry chatter about the Employee Retention Tax Credit (ERTC). In this episode of The Bottom Line Pharmacy Podcast, join Bonnie Bond, CPA, Kendell Harris, CPA and Scotty Sykes, CPA, CFP® as they talk about qualifying …
The Bottom Line Pharmacy Podcast – Building a Competitive Edge
How can an independent pharmacy build a competitive edge in the market by becoming the recommended pharmacy for health care professionals? On this episode of The Bottom Line Pharmacy Podcast, your hosts Bonnie Bond, CPA, and Scotty Sykes, CPA, CFP® are excited …
ERTC Due Diligence – The Bottom Line Pharmacy Podcast
Have you done your due diligence to ensure that you qualify for the ERTC? On this episode of The Bottom Line Pharmacy Podcast, your hosts Bonnie Bond, CPA, Kendell Harris, CPA and Scotty Sykes, CPA, CFP®) discuss the complexities of the ERTC …
Maximizing Your Largest Expense – Inventory
Owning an independent pharmacy is not easy. Pharmacy owners have misreported inventory by millions of dollars, says Scotty Sykes, CPA, CFP®. Jared Barton of Inventory iQ* tells us how we can rectify the situation by putting the time and effort into the …
Becoming a Pharmacy that Dispenses Healthy Solutions – The Bottom Line Pharmacy Podcast
Are you dispensing prescriptions or healthy solutions? Now more than ever, independent pharmacies must continue to carve out their niche by offering services that add value to their patients. On this episode of The Bottom Line Pharmacy Podcast, the team (Bonnie Bond, …
Town Hall | The Bottom Line Pharmacy Podcast
In this live broadcast of The Bottom Line Pharmacy Podcast, we invited you to ask questions about ERTC, inventory management, DIR Fees, the Secure Act 2.0 and other pharmacy business management issues for 2023 and beyond. Hear from pharmacy CPAs and advisors …
