The Bottom Line Pharmacy Podcast: Sykes & Company, P.A.
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The Bottom Line Pharmacy Podcast: Sykes & Company, P.A.
SERIES: Master The Margin Episode 5 | Tax Reform Update: 2025 Changes to the Tax Cuts and Jobs Act
In 2017, the first major tax reform in over 30 years passed and it had a tremendous impact on independent pharmacies.
Now, with the 2024 election right around the corner, many of these items could see a change!
In this episode of Master The Margin, we're taking a step back from exploring the Balance Sheet and diving into an urgent update on the Tax Cuts and Jobs Act.
Scotty Sykes goes over:
- What's in the Tax Cuts and Jobs Act.
- Updates to Tax Items That Affect Independent Pharmacies.
- Election Impacts and Changes You Can Expect in 2025 tax reform.
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Read and follow along with this episode at the show transcript
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More resources on this topic:
Webinar - Tax Cuts and Jobs Act of 2017: Pharmacy Impact and §199A
Blog – Tax-smart Depreciation on Pharmacy Buildings and Equipment
Blog – Maximize Pharmacy State and Local Tax Deductions (SALT)
