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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
• Navigating 340B Accounting Complexities
• Critical changes to Tax Law and Accounting Standards

All of that and more in this episode.

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More Resources on these Topics:

Podcast – The One Big, Beautiful Bill

Podcast – Driving Independent Pharmacy Profitability in 2025

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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) benefits employers
- Why most multi-store pharmacy owners don’t qualify, despite good intentions
- The payroll risks of misclassifying employees across entities
- The role of controlled group rules in IRS compliance
- How common ownership impacts payroll, 401(k)s, benefits, and more

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More resources about this topic:

Podcast - One Big, Beautiful Bill: What the New Tax Proposal Means for Pharmacies

Podcast - The Multi Store Owners Guide to Selling Your Pharmacy

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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 Director explore the evolving cybersecurity landscape with a practical lens.

This episode covers:

• The NIST 2.0 Cyber Security Framework
• What to ask your script system vendor about security
• How to build a breach response plan that actually works
• Social engineering 101: What is it and how to protect your pharmacy
• Best practices for employee training, access control, and device audits

More About Our Guest:

Chris Sykes is the Director of IT at Sykes & Company, P.A., where he has been a key part of the team since 2006.

With nearly 25 years in the IT industry, Chris combines deep technical expertise with a passion for helping both the firm and its clients become more efficient, secure, and technology-driven.

Chris holds a Bachelor of Science in Business Administration with a concentration in Management Information Systems and a Master of Science in Technology Systems, both from East Carolina University.

Outside of work, Chris enjoys running marathons, fishing and hunting with his boys, and spending quality time with his family at the beach.

Learn more about Chris:

Chris Sykes LinkedIn

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More resources on this topic:

Podcast - AI, Audits, & Advocacy: The Pharmacy Survival Guide with Trenton Theide

Blog - Technology, Security and Your Pharmacy

Blog - Protect You and Your Pharmacy: The Growing Threat of Ransomware

Blog - Backing Up Your Business Data

Blog - Spot a Hacked Email or Bad Website

Blog - Protect Your Pharmacy Data from Hackers