Classic Video: Gross margin expansion ideas for your independent pharmacy
In this video blog, Ollin looks at two ways to improve gross margins for your pharmacy: increasing your generic drug dispensing percentage and including obesity prevention services. Ollin talks about how and why it’s worth taking the time to switch patients to …
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 …
The NCPA Foundation Disaster Relief Fund
The NCPA Foundation has a relief fund available for community pharmacy owners to provide financial relief in the event of disaster, accidents, illness or other adverse circumstances. In this video, Scotty Sykes, CPA of Sykes & Company, P.A., discusses the basics of …
Have You Discovered Sykes University for Pharmacies?
Accountants and advisors who focus on independent pharmacies are very different from bookkeepers. At Sykes & Company, P.A., we offer guidance and resources for all aspects of your pharmacy business, including staff training. We work with hundreds of existing pharmacies nationwide, including …
Maximize Pharmacy State and Local Tax Deductions (SALT)
Tax planning advisor to pharmacies, Scotty Sykes, CPA, CFP explains how independent pharmacies are navigating state and local taxation through an IRS-approved strategy that is available in about 40 states. With the Biden Administration’s Build Back Better plan, it remains to be …
Backing Up Your Business Data
What does Sykes Technology recommend for backing up business data? In this video, Chris Sykes explains the benefits of using a backup appliance. He also discusses why backing up your business data is so important to disaster recovery (DR). …
Add Value Using the Sykes & Company, P.A. Exclusive Pharmacy Accounting Model
Scotty Sykes, CPA, CGMA describes how Sykes & Company, P.A. helps pharmacy owners with accounting, tax and advisory services. Find out how we can add value beyond the financial statements, balance sheets and profit and loss statements you receive from QuickBooks. Our …
DIR Fees and How to Manage Them
DIR fees are the third largest expense in any independent pharmacies. Proper management can help mitigate these fees. In this video, Ollin Sykes, CPA, and Kathy Blanchard of Sykes & Company, P.A. discuss what trends they are seeing with DIR fees, the …
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 …