Classic Video: 4 Traits of Successful Independent Pharmacy Owners
This is a classic video by Ollin Sykes. View our most recent video, Traits of Successful Independent Pharmacy Owners. Learn the top four traits in successful pharmacy owners. Whether you already own one or more pharmacies, are thinking about buying a pharmacy …
Classic Video: What Are Startup Pharmacy Costs?
This is a classic video by Ollin Sykes. View our most recent videos on this topic. If you want to open a startup pharmacy, you may be surprised at all of the costs involved. In this video, Ollin answers questions including: How …
Opening a Start-Up Pharmacy: Your Step-by-Step Process
There are many factors to consider to make your start-up pharmacy successful. Pharmacy CPA, Ollin Sykes, discusses the importance of a business plan and market analysis. This plan should include sales, profit and cash flow projections. Once this is complete, make sure …
Pharmacy Tax Planning Using Major Equipment Purchases
Current tax laws allow independent pharmacies to write off 100% of the cost of new equipment placed in service during the tax year or to accelerate depreciation. In this video, Scotty Sykes, CPA, CFP® provides a brief update on how IRS Section …
Four Common Tax Mistakes in Pharmacies
Are your independent pharmacy’s taxes correct? You may be paying more than you should. Watch the video below, covering common mistakes made in the Form 199A, accrual to cash accounting issues, writing off inventory and not deducting items such as insurance expenses. …
Trends for DIR Fees in 2018
Direct and indirect remuneration (DIR) fee increases are being implemented in 2018, but may be retroactive to 2017 in some cases. In this video, Scotty Sykes, CPA of Sykes & Company, P.A. discusses the trends in DIR fees for 2018 and what types …