All Posts

Choosing the right accounting firm for a pharmacy is less about finding someone who files returns and more about finding someone who understands how your business actually works.

Fixing even one of these improves cash flow, reduces stress, and gives owners back control.

The IRS has announced the standard mileage rates for 2026. These rates are used to calculate the deductible cost of operating a vehicle for specific purposes. 2026 Standard Mileage Rates Business travel:  72.5 cents per mile (up 2.5 cents) Medical and moving:  20.5 cents per mile (down 0.5 cents) Charitable work:  14 cents per mile (unchanged) These rates apply to gas, electric, hybrid-electric, and diesel vehicles . What the IRS Means by Each Category 1) Business Travel Busi

If dispensing alone were still a reliable model, this article wouldn’t need to exist. The reality is that the most profitable independent pharmacies today are not winning by filling more prescriptions. They’re winning by diversifying how and why they get paid . Over the past few years, clear patterns have emerged across profitable pharmacies nationwide. Before we go further, one important note: some of the services below depend on state regulations, payer participation, and l

For years, independent pharmacies were told that if they filled more prescriptions, negotiated harder, and controlled expenses, things would work out. That advice aged poorly. Between shrinking margins, unpredictable DIR fees, rising labor costs, and payer pressure, dispensing alone is no longer a reliable business model. Many pharmacy owners feel this daily but struggle to put words to it. The problem is not effort. The problem is the math. Profitable independent pharmacies

The R&D tax credit isn’t limited to breakthrough inventions. It applies to solving technical problems through trial and error.

Advisory services focus on helping pharmacy and clinic owners use financial information to guide decisions. Traditional accounting tends to look backward, reporting what already happened. Advisory services are forward-looking and proactive.

Our firm solves this problem by utilizing organization software making your simple.

This is why tax planning matters, especially for pharmacy owners and healthcare providers whose financial situations are rarely static.

Proactive tax planning is not a once-a-year conversation.

KPIs are not meant to overwhelm you but tell you if you are fundamentally healthy

Your employer-provided 401(k) retirement savings account

The Augusta Rule allows healthcare owners to legally rent their personal residence to their business for up to 14 days per year . The business gets a deduction. You receive the income tax-free . Yes, really. This works well for practices that host staff training, planning days, or leadership meetings .   Step-by-Step Checklist 1. Confirm Eligibility ✔ The property is your personal residence ✔ You use it 14 days or fewer per year ✔ The meeting has a legitimate business purpose

For years, the tax code trend was to reduce the amount of interest that may be deducted on your tax return. Until recently, it really only allowed interest deductions as an itemized deduction on qualified residences and vacation property. That is changing now with the passage of the OBBB Act and the introduction of a new car interest tax break. Here is what you need to know. Background Congress and the Executive office traditionally use tax breaks on interest to drive consume

Most successful healthcare owners we work with don’t do anything flashy. They don’t chase every new trend. They don’t obsess over spreadsheets late at night. And they don’t try to do everything themselves. What they do  have in common are a few consistent habits that quietly strengthen their businesses year after year. First, they review their financial statements every month. Not once a year. Not only when a lender asks. Monthly. They want to understand what changed, what mo

R ecent tax legislation includes new provisions that allow for the establishment of new investment accounts for children ages 18 or younger. The goal of the account is to have funds available for them when they become adults. While not yet available to create, news out of the IRS in early December makes it important to stay up to date on the rules and benefits as they develop. Here is what you need to know. The Basics of the Account Starting after July 4th, 2026, you may begi

At the end of the year you will be inundated with commercials to donate a vehicle to charity. While it is one of the biggest contributions a taxpayer can make, if not done carefully, the tax deduction of a donated vehicle could be a lot lower than you think. The Rule: When you donate a vehicle, the value of your donation is  either  the fair market value of your vehicle when you donate it  OR  the value received by the charitable organization for your donation. Unfortunately,

As the year winds down, small healthcare businesses feel the crunch more than most. Patient volume spikes, staff schedules shift, and administrative work somehow multiplies overnight. Still, there are a few high-impact financial tasks that can set your clinic or pharmacy up for a stronger start in the new year. Here are five practical items to tackle before December 31. 1. Review Fixed Assets and Consider Smart Year-End Purchases Fixed assets are the long-term tools your busi