Send us a text Check out the full episode with bonus insights Schedule an Rx Assessment To lease or not to lease…or to purchase? When it comes to getting a new vehicle for the pharmacy, one of the most common questions we get asked from owners is “should I lease or should I purchase a vehicle?” In this episode of Master The Margin, Scotty Sykes, CPA, CFP and Kathy Blanchard, Senior Pharmacy Accountant break down this question and what it means for your tax strategy including: Why leasing might l...
Jul 18, 2025•8 min
Send us a text Schedule an Rx Assessment Subscribe to Master The Margin Out of all the hats that pharmacy owners need to wear, advocacy is arguably one of the most important. Yet too many pharmacy owners underestimate their ability to influence meaningful change. So how can pharmacy leaders advocate effectively and ensure their voices are heard in critical policy discussions? In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP®, and Bonnie Bond, CPA, sit down with Dr. Col...
Jul 17, 2025•35 min
Send us a text Schedule an Rx Assessment Inventory management...One of the top contributors to profit loss in independent pharmacies. Yet many owners still rely on outdated systems and reactive strategies. So how can pharmacy leaders optimize inventory, adapt to market shifts, and still maintain community connection? In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP®, Bonnie Bond, CPA sit down with Wade Hinkle, and Jared Barton of Pharmacy Marketplace and Inventory IQ t...
Jul 10, 2025•41 min
Send us a text Schedule an Rx Assessment Subscribe to Master The Margin The tax landscape is shifting for pharmacies...Are you ready to adapt? In this bonus episode of The Bottom Line Pharmacy Podcast, we bring you fresh insights from the trade show at Connect2025 from RedSail Technologies. Scotty Sykes, CPA, CFP® and Kathy Blanchard, Senior Pharmacy Accountant deliver a boots-on-the-ground recap of the Connect2025 Conference, diving into their CE session. Financial and Regulatory Developments N...
Jun 21, 2025•15 min
Send us a text Check out the full episode with bonus insights Schedule an Rx Assessment Multi-store owners: Are running payroll through all of your locations? This episode is a must listen... In this episode of Master the Margin, Scotty Sykes, CPA, CFP® and Kathy Blanchard, Senior Pharmacy Accountant, dive into the nuances of common paymaster status and why it’s often misunderstood in multi-store pharmacy operations. They break down: - What a common paymaster is—and how it (theoretically) benefi...
Jun 20, 2025•6 min
Send us a text Schedule an Rx Assessment Subscribe to Master The Margin Cyberattacks targeting healthcare are rising, with pharmacies increasingly in the crosshairs. From ransomware to phishing scams, the threats are real...and constant. But how can independent pharmacies defend themselves against a digital siege? In this episode of The Bottom Line Pharmacy Podcast we have 3 people of the Sykes & Company team, Scotty Sykes, CPA, CFP®, Chris Sykes, IT Director, and Austin Murray, Marketing Di...
Jun 19, 2025•27 min
Send us a text Schedule an Rx Assessment Subscribe to Master The Margin According to the Centers for Disease Control and Prevention (CDC), diabetes is about 17% more prevalent in rural areas than urban ones. With rural communities often facing barriers to accessing healthcare, including limited specialists and transportation. But what if there was a way to increase rural patient access to specialists? In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP® and Bonnie Bond, C...
Jun 05, 2025•21 min
Send us a text Check out the full episode with bonus insights Schedule an Rx Assessment 📄 389 pages of proposed reform. Four big takeaways for pharmacy owners. Countless implications for your tax strategy. In the world of tax legislation, 389 pages might feel “short and sweet.” But inside Congress’s latest tax proposal are sweeping changes that could significantly reshape the financial outlook for pharmacy owners across the country. Scotty Sykes, CPA, CFP® breaks down the most important provisi...
May 31, 2025•22 min
Send us a text Schedule an Rx Assessment Can Culture Make or Break Your Pharmacy? In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP® and Bonnie Bond, CPA sit down with Chris Cornelison, CEO of Solutions Rx, Best-Selling Author of the Book 'Super Culture' and Keynote Speaker to explore the one competitive advantage every pharmacy owner can fully control: Culture. This episodes discusses: Creating clarity and direction through written goals Navigating accountability and r...
May 22, 2025•35 min
Send us a text 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: HIPAA compliance updates AI risks, multi-factor authentication, and risk assessments The growing press...
May 08, 2025•40 min
Send us a text 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 Whalen, Director of Clinical Operations at MedSense, and Matt Gilbert, VP of Business Transformation at RxSa...
May 01, 2025•22 min
Send us a text 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 With 340B Programs - Why Accumulators Matter and Their Impact on Your Bottom Line - How state legislation i...
Apr 24, 2025•30 min
Send us a text 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. Tune in to learn more about: The growing role of wellness in patient care Navigating multi-state tax comp...
Apr 17, 2025•17 min
Send us a text 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: Diversifying Revenue in Your Pharmacy Expanding Your Long-Term Care Base Real - Practical Marketing Strategies And Much...
Apr 04, 2025•19 min
Send us a text 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 recent appearance at the inaugural AtriumX show in Orlando Florida! Scotty Sykes, CPA, CFP dives into: T...
Apr 03, 2025•16 min
Send us a text 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 pharmacist to pharmacy owner The role of infrastructure and strategic marketing Turning a struggling pharma...
Feb 13, 2025•25 min
Send us a text 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 on new episodes by liking and subscribing. Want to read and follow along with this episode? Click here ...
Jan 30, 2025•29 min
Send us a text 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 rise of GLP-1 compounding Challenges faced with regulatory compliance Importance of quality and accounti...
Jan 23, 2025•16 min
Send us a text 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 Nicolette Mathey: Dr. Nicolette Mathey started her career at Walgreens at age 16 and earned her PharmD f...
Jan 09, 2025•56 min
Send us a text 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 Pharmacy and Senior Loan Officer at Live Oak Bank to discuss: Financial implications of entering the infusion m...
Jan 02, 2025•25 min
Send us a text 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 curious to where it stands currently. In this bonus episode of The Bottom Line Pharmacy Podcast, we b...
Dec 20, 2024•19 min
Send us a text 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 Inefficiencies in traditional pharmacy purchasing methods Importance of balancing primary vendor agreemen...
Dec 19, 2024•23 min
Send us a text 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 recent changes to the 503A and 503B regulatory landscape including: The Evolving relationship between 503B...
Dec 12, 2024•39 min
Send us a text 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 regulations Tax tips for the upcoming year And more Did you like this episode? Stay up to date on new epis...
Nov 27, 2024•30 min
Send us a text 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 current state of PBM reform, 2025 tax changes, and more! Stay connected with us on social media: Facebo...
Nov 22, 2024•12 min
Send us a text 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 Avant Pharmacy and Wellness Center to discuss: Expanding Services Through Collaborative Clinical Care Gai...
Nov 21, 2024•23 min
Send us a text 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 process in the pharmacy industry. Common issues pharmacies face, such as delayed payments and administrative ...
Nov 14, 2024•31 min
Send us a text 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 aspects of buying and selling pharmacies. Impact of recent industry challenges on M&A activity. And mu...
Nov 07, 2024•29 min
Send us a text 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 Maximizing tax savings by implementing robotics Stay up to date on new episodes by liking and subscribing! R...
Oct 25, 2024•31 min
Send us a text 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 Sykes goes over: What's in the Tax Cuts and Jobs Act. Updates to Tax Items That Affect Independent Pharmacie...
Oct 23, 2024•14 min
