SERIES: Master The Margin | Ep. 7 | Life in the Tax Lane: The Right Vehicle Strategy for Your Pharmacy

Send us Fan MailCheck out the full episode with bonus insightsSchedule an Rx AssessmentTo lease or not to lease…or to purchase? When it comes to getting a new vehicle for the pharmacy, one of the most common questions we get asked from owners is “should I lease or should I purchase a vehicle?” In this episode of Master The Margin, Scotty Sykes, CPA, CFP and Kathy Blanchard, Senior Pharmacy Accountant break down this question and what it means for your tax strategy including:Why leasing might limit your tax strategyHow purchasing a vehicle can unlock large write-offsThe critical importance of mileage logs and business-use documentationHow a separate delivery LLC could protect your pharmacy from liabilityAnd 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 Pharmacy OwnersPodcast - Master The Margin: 2025 Tax OutlookWebinar - Tax Cuts and Jobs Act of 2017: Pharmacy Impact and §199ABlog – Tax-smart Depreciation on Pharmacy Buildings and EquipmentBlog – Maximize Pharmacy State and Local Tax Deductions (SALT)