Big Box Purchase Offers: Considerations Before You Buy
Purchase offers received from big box retailers can look very appealing. Before signing, pharmacy owners need to consider important factors, such as inventory, prescription files and goodwill. Ollin Sykes highlights these key factors and discusses how to decipher if a purchase offer …
Research & Development Tax Credit for Pharmacy Industry
With the passage of the PATH Act in late 2015, the Research and Development tax credit was simplified and made available to more small businesses, including pharmacies. Before you can claim this complex credit, it’s important to understand the basics of the …
Big Box Purchase Offers: Advisors You Need
Independent pharmacy owners have a lot to consider when receiving purchase offers. Ollin Sykes discusses the importance of two professional advisors that independent pharmacy owners will want to connect with when receiving offers to sell the pharmacy. Watch this video to learn …
How the Signed COVID-19 Relief Bill Will Affect Pharmacies
On December 27, 2020 President Trump signed a COVID-19 stimulus bill to provide additional relief to individuals and businesses who have experienced economic hardship due to the pandemic. In this video, Scotty Sykes, CPA highlights the major components of the bill that …
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) …
Financial Essentials: Year-End Pharmacy Accounting Strategies
Scotty Sykes, CPA joined Tricia McCleskey at PioneerRx to host a webinar, Financial Essentials. In this webinar Scotty and Tricia talk through important steps to take when preparing your pharmacy for 2021 and how fundamental accounting can support where you want your …
How to Connect Using Microsoft Teams
Learn how to avoid any technical difficulties during your virtual meetings with Sykes & Company, P.A. In this five-minute video facilitated by Kendell Harris, CPA, you will learn how to successfully install and use Microsoft Teams to connect with our team. Sykes …
Tax Planning 2020: What It Is and Why You Need It
Whether your pharmacy business is just getting started or if you expect to take a business loss in 2020, proactive tax planning can save you significantly this year or the next. By looking at your financial statements, your P&Ls, estimated tax payments …
