Understanding Basis: What Pharmacy Owners Need to Know

Buying or selling a Pharmacy? Contact usBasis is one of those topics every pharmacy owner hears about but few really understand until it's time to sell. In this episode of the Pharmacy Ownership Podcast, Ollin Sykes, CPA, CMA, CITP breaks down what basis actually means, why it matters, and how it directly impacts your tax bill when you sell.We cover:How basis builds over time What gain on a sale comes down toThe connection between basis and exit planningThe most common misconceptions owners haveCheck out all our social media:  FacebookTwitterLinkedIn InstagramOllin Sykes, CPA, CITP, CMA LinkedInMore resources about this topic:  Podcast - Cash Vs. Accrual Accounting For PharmaciesPodcast - Independent Pharmacy Accounting FundamentalsPodcast - Avoiding Expensive Mistakes