SERIES: Master The Margin | Ep. 6 | One Payroll, Multiple Pharmacies: Understanding Common Paymasters

Send us Fan MailCheck out the full episode with bonus insightsSchedule an Rx AssessmentMulti-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 Stay connected with us on social media:FacebookTwitterLinkedInInstagramSpotifyApple PodcastsScotty Sykes – CPA, CFP LinkedInScotty Sykes – CPA, CFP TwitterMore resources about this topic:Podcast - One Big, Beautiful Bill: What the New Tax Proposal Means for PharmaciesPodcast - The Multi Store Owners Guide to Selling Your Pharmacy