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The passage of One Big Beautiful Bill has brought sweeping tax changes that directly impact how independent pharmacies diversify revenue. In this session, we’ll unpack the key provisions of the bill and explore how they reshape revenue diversification, financial planning, and tax strategy.
From clinical services to cash-based offerings, you’ll learn how to evaluate new income streams through a tax-smart lens. Using real-world examples and practical frameworks, this presentation will equip pharmacy owners with tools to protect margins, unlock growth opportunities, and build a more resilient business model in a shifting landscape.
Speaker Bio:
Scotty is a Certified Public Accountant and Certified Financial Planner® at Sykes & Company, P.A. and has focused on pharmacy accounting, tax, and advisory his entire career. His primary focus is pharmacy advisory, pharmacy tax planning, and leading the industry with pharmacy tax and accounting updates.
Scotty believes in building strong relationships with pharmacy owners, third parties and key vendors to help pharmacy clients access the best possible resources, accounting, tax and advice in the pharmacy industry.
He is a frequent presenter on pharmacy accounting and complex tax matters at national and state conferences. He is also an avid writer for industry publications, providing progressive approaches to operating a successful pharmacy. He has published several pharmacy accounting and tax related articles in America’s Pharmacist, the official magazine of the National Community Pharmacists Association (NCPA) magazine, and others.
Scotty is a member of the American Institute of Certified Public Accountants and North Carolina Association of Certified Public Accountants and is a corporate member of the National Community Pharmacists Association. Scotty received his Certified Public Accountant certification in August 2011 and his Certified Financial Planner® certification in 2019. He received his B.S. in Business Administration and M.S. in Accountancy from the University of North Carolina at Wilmington.
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