The Bottom Line Pharmacy Podcast: Sykes & Company, P.A.
Welcome to the Bottom Line Pharmacy Podcast!
On this show, we bring you valuable insights from pharmacists, key vendors and other innovators to bring you pharmacy CPA advice and fuel your bottom line.
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The Bottom Line Pharmacy Podcast: Sykes & Company, P.A.
SERIES: Master The Margin | Ep. 7 | Life in the Tax Lane: The Right Vehicle Strategy for Your Pharmacy
Check out the full episode with bonus insights
To 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 strategy
- How purchasing a vehicle can unlock large write-offs
- The critical importance of mileage logs and business-use documentation
- How a separate delivery LLC could protect your pharmacy from liability
- And more!
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More resources about this topic:
Podcast - One Big, Beautiful, Bill: What the New Tax Proposal Means for Pharmacy Owners
Podcast - Master The Margin: 2025 Tax Outlook
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)
