Fixed Assets 101 | Master The Margin

Episode 2156 of the Pharmacy Podcast Network podcast, hosted by Pharmacy Podcast Network, titled "Fixed Assets 101 | Master The Margin" was published on December 31, 2024 and runs 6 minutes.

December 31, 2024 ·6m · Pharmacy Podcast Network

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Summary

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 assets - Best practices for managing and reviewing your fixed asset schedule Ready to take your pharmacy to the next level? Schedule an Rx Assessment with us: https://www.sykes-cpa.com/rx-assessment-service/Stay connected with us on social media: Sykes & Company P.A.: Facebook: https://www.facebook.com/sykesandco/Twitter (X): https://x.com/SykesCompanyPALinkedIn: https://www.linkedin.com/company/sykes-company-p-a-/mycompany/?viewAsMember=trueInstagram: https://www.instagram.com/sykescpa/ YouTube: https://www.youtube.com/@sykescompanyp.a. Scotty Sykes – CPA, CFP LinkedIn: https://www.linkedin.com/in/scottysykes/Scotty Sykes – CPA, CFP Twitter: https://x.com/ScottySykesCPAMore resources about this topic: Resource – The Changing Pharmacy Dynamics: https://www.sykes-cpa.com/fundamental-pharmacy-accounting-unveiling-financial-trends/ Blog – Tax Smart Depreciation on Pharmacy Buildings and Equipment: https://www.sykes-cpa.com/tax-smart-depreciation-on-pharmacy-buildings-and-equipment/ Blog – Tax Planning for Equipment Investment Using Section 179: https://www.sykes-cpa.com/tax-planning-for-equipment-investment-using-section-179-depreciation/

Episode Description

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 assets - Best practices for managing and reviewing your fixed asset schedule Ready to take your pharmacy to the next level? Schedule an Rx Assessment with us: https://www.sykes-cpa.com/rx-assessment-service/ Stay connected with us on social media: Sykes & Company P.A.: Facebook: https://www.facebook.com/sykesandco/ Twitter (X): https://x.com/SykesCompanyPA LinkedIn: https://www.linkedin.com/company/sykes-company-p-a-/mycompany/?viewAsMember=true Instagram: https://www.instagram.com/sykescpa/ YouTube: https://www.youtube.com/@sykescompanyp.a. Scotty Sykes – CPA, CFP LinkedIn: https://www.linkedin.com/in/scottysykes/ Scotty Sykes – CPA, CFP Twitter: https://x.com/ScottySykesCPA More resources about this topic: Resource – The Changing Pharmacy Dynamics: https://www.sykes-cpa.com/fundamental-pharmacy-accounting-unveiling-financial-trends/ Blog – Tax Smart Depreciation on Pharmacy Buildings and Equipment: https://www.sykes-cpa.com/tax-smart-depreciation-on-pharmacy-buildings-and-equipment/ Blog – Tax Planning for Equipment Investment Using Section 179: https://www.sykes-cpa.com/tax-planning-for-equipment-investment-using-section-179-depreciation/