In this video, Ollin Sykes gives an update on the TCJA regarding how pharmacists should plan ahead to properly expense and calculate net operating losses in light of tax law changes through 2025, including 199A with the 20% passthrough deduction and the limits on net operating loss reporting (must carry forward; can’t carry back). One time adjustment available, and it’s a big one, but you have to understand where your numbers are with P&L and balance sheet.
The Bottom Line Pharmacy Podcast | Pharmacy Insights: 2025 Tax Changes, Master The Margin, and Industry Changes
Mastering The Margins In Your Pharmacy! Independent Pharmacy Fireside Chat. In this episode of The Bottom Line Pharmacy Podcast, we’re taking a step away from our guest interviews to bring you some start of 2025 updates. Scotty Sykes, CPA, CFP and Bonnie Bond, CPA...