A big issue continues to be the monopoly that larger chain pharmacies have over independent pharmacies. The competition is fierce. As a small business, you deserve the business and tax expertise that the big chains are getting but need it to fit your budget. We can help.
The average independent pharmacy employs 2.6 full-time equivalent pharmacists and 3.4 full-time equivalent technicians. The time and cost to administer this function can be addressed by PayTrak.
Independent pharmacies are often family owned and operated. There are tax opportunities available to you to minimize you tax liability in this area.
What about receivables? It can be an administrative burden for many small businesses, especially a pharmacy where insurance claims are involved. Are you getting the advice you need to ensure you are managing this?
What about tax planning? Maximizing your tax position in today’s marketplace requires planning – ahead of time. Are you certain you are paying the least amount possible?
Times are changing. How will the large discount drug stores affect your bottom line? Padgett Reality Check™ will help you compete with the big chains.
