One Payroll, Multiple Pharmacies: Understanding Common Paymasters | Master The Margin

Episode 2331 of the Pharmacy Podcast Network podcast, hosted by Pharmacy Podcast Network, titled "One Payroll, Multiple Pharmacies: Understanding Common Paymasters | Master The Margin" was published on August 25, 2025 and runs 6 minutes.

August 25, 2025 ·6m · Pharmacy Podcast Network

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Summary

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 Check out the full episode with bonus insights: https://masterthemargin.substack.com/Schedule an Rx Assessment: https://www.sykes-cpa.com/rx-assessment-service/ More resources about this topic:Podcast - One Big, Beautiful Bill: What the New Tax Proposal Means for Pharmacies: https://www.youtube.com/watch?v=99jnN08jGUoPodcast - The Multi Store Owners Guide to Selling Your Pharmacy: https://www.youtube.com/watch?v=smmNR_SFOwg

Episode Description

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 Check out the full episode with bonus insights: https://masterthemargin.substack.com/ Schedule an Rx Assessment: https://www.sykes-cpa.com/rx-assessment-service/ More resources about this topic: Podcast - One Big, Beautiful Bill: What the New Tax Proposal Means for Pharmacies: https://www.youtube.com/watch?v=99jnN08jGUo Podcast - The Multi Store Owners Guide to Selling Your Pharmacy: https://www.youtube.com/watch?v=smmNR_SFOwg