2020 Employee Retention Tax Credit for Pharmacies
The Consolidated Appropriations Act (CAA), signed into law at the end of 2020, expanded the Employee Retention Tax Credit, which helps businesses struggling economically due to COVID-19 to keep employees on the payroll. Not all pharmacies will qualify, but this video by …
COVID-19 Pharmacy Update: Attracting New Patients
As independent pharmacies offer COVID-19 vaccinations, opportunities to attract and retain new patients increase. Ollin Sykes, CPA predicts that independent pharmacies will see a larger supply of vaccinations into the second quarter of the year, which will provide more growth opportunities for …
Increase Cash Flow with COVID Testing
In this special Master the Margin webinar, we invited guest Nicolette Mathey, owner of Atrium 24, to share her personal experience and knowledge about setting up an independent pharmacy as a COVID-19 testing site. Scotty Sykes, CPA, CFP® and Kathy Blanchard from …
HHS Provider Relief Fund Update and Rural Health Grants Eligibility
There is a 60-day grace period beyond September 30, 2021 for prior HHS Provider Relief Fund (PRF) reporting. In addition, there is one application to receive future pandemic relief funding from $25.5 billion in Phase 4 PRF and a Rural Health Grant …
How the Signed COVID-19 Relief Bill Will Affect Pharmacies
On December 27, 2020 President Trump signed a COVID-19 stimulus bill to provide additional relief to individuals and businesses who have experienced economic hardship due to the pandemic. In this video, Scotty Sykes, CPA highlights the major components of the bill that …
2021 Employee Retention Tax Credit for Independent Pharmacies
Does your independent pharmacy qualify for the 2021 Employee Retention Tax Credit? Watch this video for more information. The tax credit is a continuation of the Consolidated Appropriations Act (CAA), which was signed into law to help businesses struggling under the COVID-19 …
Congress Approves $900B Bill for COVID Relief, Awaiting President’s Signature
NOTE: This article was written prior to President Trump signing the bill. Congress approved a $900 billion bill for additional COVID relief. Below are key takeaways pharmacy owners should be mindful of as they do last minute planning. Paycheck Protection Program (PPP) …
PODCAST: Panelists Discuss Recent CARES Act Stimulus and Other Pharmacy Updates
On a special edition of the Good Neighbor Pharmacy Connect Podcast, Scotty Sykes, CPA, CFP® and other business advisors were invited to discuss significant updates and guidelines on new CARES Act stimulus provisions. The podcast was recorded June 30, 2020. The panelists …
HHS Provider Relief Fund Deadlines and Reporting Requirements
The National Community Pharmacists Association has just published a new resource about the Provider Relief Fund (PRF). This whitepaper, prepared for NCPA by Sykes & Company, P.A. in collaboration with law firm Brown & Fortunato, provides details on updated PRF reporting requirements …
Good Neighbor Pharmacy Connect Podcast
Scotty Sykes, CPA, CFP® participated in a podcast with Good Neighbor Pharmacy on loan and tax provisions within the Coronavirus Aid, Relief and Economic Security Act (CARES Act). …
