In this episode of Master The Margin, Scotty Sykes, CPA, CFP® and Kathy Blanchard, Senior Pharmacy Accountant dive into the essentials of fixed assets.  

Tune in to learn more about: 

- Significance of planning and tax strategies 

- The importance of correctly classifying fixed assets 

- Best practices for managing and reviewing your fixed asset schedule 

Ready to take your pharmacy to the next level? Schedule an Rx Assessment with us: https://www.sykes-cpa.com/rx-assessment-service/

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Scotty Sykes – CPA, CFP LinkedIn: https://www.linkedin.com/in/scottysykes/

Scotty Sykes – CPA, CFP Twitter: https://x.com/ScottySykesCPA

More resources about this topic:  

Resource – The Changing Pharmacy Dynamics: https://www.sykes-cpa.com/fundamental-pharmacy-accounting-unveiling-financial-trends/ 

Blog – Tax Smart Depreciation on Pharmacy Buildings and Equipment: https://www.sykes-cpa.com/tax-smart-depreciation-on-pharmacy-buildings-and-equipment/ 

Blog – Tax Planning for Equipment Investment Using Section 179: https://www.sykes-cpa.com/tax-planning-for-equipment-investment-using-section-179-depreciation/