The Bottom Line Pharmacy Podcast: Sykes & Company, P.A.

Send us Fan Mail Schedule an Rx Assessment Is Your Pharmacy Prepared for a Cyberattack? In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP and Austin Murray sit down with Trenton Thiede, President of PAAS National, to unpack the rising cybersecurity threats facing independent pharmacies and what owners must do to stay compliant and protected. We dive into everything from:...

Send us Fan Mail Schedule an Rx Assessment Pill bottles don’t talk...but what if they could? Now you can know exactly how (and when) patients take their meds. That’s the power of Remote Therapeutic Monitoring! And on this week’s episode of The Bottom Line Pharmacy Podcast, we're diving into the mechanics of Remote Therapeutic Monitoring. Bonnie Bond, CPA, and Austin Murray sit down with Jen W...

Send us Fan Mail Schedule an Rx Assessment Cracking the 340B code can feel like climbing Mt. Everest…but done right, it can be an absolute game-changer for independent pharmacies.  That’s what this week’s episode of The Bottom Line Pharmacy Podcast is all about!  Scotty Sykes, CPA, CFP® and Kathy Blanchard team up with Draven Tell, Lead Analyst at Secure340B to break down:   - Low Hanging Fruits W...

Send us Fan Mail Are you shipping GLPs and other compounded medications out of state? You may have a tax compliance issue.   From constant GLP changes to multi-state taxes, we’re coming to you post-APC Owner’s Summit to bring you the 411 on the compounding world!  In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP® and Austin Murray share key insights from the APC Summit. ...

Send us Fan Mail Schedule An Rx Assessment   Check Out Master The Margin   Growth Mode…Activated! ✅  From the show floor at the inaugural AtriumX conference, Sykes & Company Leaders Scotty Sykes, CPA, CFP and Austin Murray caught up with Todd Eury, Owner and Founder of RxPR and Pharmacy Podcast Network.  On this special bonus episode of the Bottom Line Pharmacy Podcast we touch on:  Diversify...

Send us Fan Mail Check out the full episode on our Master The Margin SubStack Looking to take your pharmacy to the next level? Schedule an Rx Assessment Thinking of expanding into functional medicine, telemedicine, or cash-based care models? We’ve got all of that and more in this episode!   In this episode of the Bottom Line Pharmacy Podcast, we’re giving you the most impactful takeaways from our...

Send us Fan Mail Turning a struggling pharmacy around...it takes strategy, infrastructure, and most importantly, strong 👏 relationships 👏 That’s the focus for this week’s episode of The Bottom Line Pharmacy Podcast! This week, Scotty Sykes, CPA, CFP® and Bonnie Bond, CPA sit down with Dr. Justin Clark, PharmD, RPh, BCSCP, and Owner of Val Vista Pharmacy in Arizona, to discuss: Journey from pharm...

Send us Fan Mail Schedule an Rx Assessment And out came the tax changes! 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 discuss: 2025 tax changes  The launch of Master The Margin Tax season best practices for independent pharmacies And more! Stay up to date...

Send us Fan Mail Looking at getting into compounding? Don’t just dabble in it, go all in. That’s the theme of this week’s episode of The Bottom Line Pharmacy Podcast! Scotty Sykes, CPA, CFP and Marketing guru Austin Murray of Sykes & Company, P.A. sat down with Dr. Kevin Borg PharmD, America’s Pharmacist and owner of Potters House Apothecary and Prescott Compounding Pharmacy to discuss: The ri...

Send us Fan Mail Precision. Profit. Performance.  In this episode of The Bottom Line Pharmacy podcast, Scotty Sykes, CPA, CFP and Bonnie Bond, CPA sit down with Nicolette Mathey, PharmD, CEO & Founder of Atrium24 and Dotti to dive into the profitability levers for independent pharmacies in 2025  We cover everything from telemedicine, compounded GLPs, upcoming tax changes, and more! More About...

Send us Fan Mail Welcome to the first episode of our special series: Infusion Revolution where we discuss all things owning and operating an infusion pharmacy.  From accounting and tax best practices to industry changes and trends, you can catch it all on this podcast series. On this first episode, it's all about Starting an Infusion Pharmacy 101! We sit down with Greco De Valencia, VP of Pha...

Send us Fan Mail In January of 2024, the Financial Crimes Enforcement Network (FinCEN) began accepting Beneficial Ownership Information reports with a deadline for businesses to file by December 31st, 2024. Flash forward to December 4th, 2024, the Federal Court Blocks Corporate Transparency Act Nationwide changing the Beneficial Ownership Information filing requirements for businesses leaving many...

Send us Fan Mail Buying from primary vs. Secondary wholesalers, when is it best for your pharmacy and how does it impact your bottom line? In this episode of The Bottom Line Pharmacy Podcast , Scotty Sykes, CPA, CFP, Bonnie Bond, CPA, and Ollin Sykes, CPA, CITP, CMA sit down with Wade Hinkle, Founder and CEO of Pharmacy Market Place to discuss: Optimizing pharmacy operations through technology Ine...

Send us Fan Mail The 503A and 503B legal landscape is ever changing and staying on top of these changes can be tedious.   But don’t worry! Sykes is here with the trustee colleagues at Brown & Fortunato.   On this episode of the Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP® and Bonnie Bond CPA, sit down with Brad Howard, Esq. And Michael Alexander, Esq. From Brown & Fortunato share...

Send us Fan Mail Happy Thanksgiving from Sykes!   To help you celebrate this holiday, we’re bringing you a special bonus episode of The Bottom Line Pharmacy Podcast!  In this episode, Scotty Sykes, CPA, CFP and Bonnie Bond, CPA discuss various topics ranging from trade show experiences to Thanksgiving preparations.   Highlights include: Insights from recent pharmacy trade shows Updates on pharmacy...

Send us Fan Mail Schedule an RX Assessment Catch up on the latest in pharmacy with our last installment of the 2024 Tradeshow Podcast Series! In this episode, Scotty Sykes CPA, CFP, Bonnie Bond CPA, Ollin Sykes CPA, CITP, CMA, and Kathy Blanchard, Senior Pharmacy Accountant come to you in person from the 2024 NCPA Annual Convention! They discuss trends they’re seeing in independent pharmacy, the c...

Send us Fan Mail Ready to expand your pharmacy? Make sure you have a solid financial foundation. Schedule an Rx Assessment today Pharmacy Owners...It’s time to elevate your pharmacy and reimagine clinical care with the power of collaboration. In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP and Bonnie Bond, CPA sit down with Amina Abubakar, PharmD, Founder and CEO of Ava...

Send us Fan Mail Is your pharmacy getting paid what it’s supposed to be getting paid? Make reconciliation your superpower!  In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP® and Bonnie Bond, CPA sit down with Vanessa Luu, Supervisor of Reconciliation at EnlivenHealth® to discuss all things reconciliation, including:   The importance of having a robust reconciliation proc...

Send us Fan Mail Think you’re ready to buy or sell your pharmacy? You’ll want to tune in to this episode.  In this episode of The Bottom Line Pharmacy podcast, (tag) Scotty Sykes, CPA, CFP and Bonnie Bond, CPA welcome Alfonso Zambrano, Esq. Partner at (tag) Brown and Fortunato, to discuss:   The current state of mergers and acquisitions (M&A) in the pharmacy industry.  Insights into the legal...

Send us Fan Mail Questions about robotics and tax planning? Don’t miss this episode of The Bottom Line Pharmacy Podcast! Join Scotty Sykes, CPA, CFP and Bonnie Bond, CPA as they sit down with Darin Gleason, National Sales Director for Retail Pharmacies at ScriptPro to discuss: Impact of tax changes on pharmacies and bonus depreciation Managing costs and improving efficiency in your pharmacy Maximi...

Send us Fan Mail In 2017, the first major tax reform in over 30 years passed and it had a tremendous impact on independent pharmacies. Now, with the 2024 election right around the corner, many of these items could see a change! In this episode of Master The Margin, we're taking a step back from exploring the Balance Sheet and diving into an urgent update on the Tax Cuts and Jobs Act.  Scotty...

Send us Fan Mail Navigate pharmacy audits in this masterclass!  In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP and Bonnie Bond, CPA sit down with Trenton Thiede, President of PAAS National to discuss all things Pharmacy Audits including:  Best practices for copay collection  Current trends and tactics in PBM audits  Proactive strategies that reduce audit risks  Join th...

Send us Fan Mail Schedule an Rx Assessmen t Capital Lease vs. Operating Lease 101: What’s the difference and how does it impact your pharmacy? In this episode of Master The Margin, Scotty Sykes, CPA, CFP and Kathy Blanchard, Senior Pharmacy Accountant take a deep dive into: The key differences between capital leases and operating leases  Why most equipment leases in pharmacies are capital leases ...

Send us Fan Mail Curious about your cash flow in the midst of chain closures? Schedule an Rx Assessment with us   With Walgreens planning to close 25% of its locations over the next 3 years, many independent pharmacies will face significant cash flow challenges from underwater scripts leaving and then coming back to new scripts transferring.   In this episode of The Bottom Line Pharmacy Podcast, S...

Send us Fan Mail Fixed Assets...what are they and what are the best practices you need to implement in your pharmacy?   In this episode of Master The Margin, Scotty Sykes, CPA, CFP® and Kathy Blanchard, Senior Pharmacy Accountant dive into the essentials of fixed assets.   Tune in to learn more about:  Significance of planning and tax strategies  The importance of correctly classifying fixed asset...