Buying or selling a Pharmacy? Contact us

Basis is one of those topics every pharmacy owner hears about but few really understand until it's time to sell.

In this episode of the Pharmacy Ownership Podcast, Ollin Sykes, CPA, CMA, CITP breaks down what basis actually means, why it matters, and how it directly impacts your tax bill when you sell.

We cover:

• How basis builds over time
• What gain on a sale comes down to
• The connection between basis and exit planning
• The most common misconceptions owners have

Check out all our social media:

Facebook

Twitter

LinkedIn

Instagram

Ollin Sykes, CPA, CITP, CMA LinkedIn

More resources about this topic:

Podcast - Cash Vs. Accrual Accounting For Pharmacies

Podcast - Independent Pharmacy Accounting Fundamentals

Podcast - Avoiding Expensive Mistakes

Buying or selling a Pharmacy? Contact us

Stock Purchase or Asset Purchase...Why not both? That's what you get with a 336E election.

In this episode of the Pharmacy Ownership Podcast Ollin Sykes, CPA, CMA, CITP breaks down IRS Code Section 336E, one of the most powerful yet least understood tools in pharmacy acquisitions.

We cover:

• What a 336E election actually is
• The key advantage for buyers
• Preserving capital gain treatment
• Red flags to watch for

And more!

Check out all our social media:

Facebook

Twitter

LinkedIn

Instagram

Ollin Sykes, CPA, CITP, CMA LinkedIn

More resources about this topic:

Podcast - Cash Vs. Accrual Accounting For Pharmacies

Podcast - Independent Pharmacy Accounting Fundamentals

Podcast - Avoiding Expensive Mistakes

Buying or selling a Pharmacy? Contact us

Buying a second pharmacy can feel like a natural next step but the biggest challenge isn’t finding the opportunity, it’s being prepared when that opportunity shows up.

In this episode of The Pharmacy Ownership Podcast, Austin Murray sits down with Ollin Sykes, CPA, CMA, CITP to break down what pharmacy owners need to consider before expanding and why readiness, not timing, is often the deciding factor in successful growth.

They cover:

- Why most pharmacy acquisition opportunities are unexpected—and how to be ready
- The critical role of up-to-date financials and accounting fundamentals
- Common mistakes that prevent owners from securing financing
- The shift toward regional pharmacy ownership and multi-location strategy
And more!

Check out all our social media:

Facebook

Twitter

LinkedIn

Instagram

Ollin Sykes, CPA, CITP, CMA LinkedIn

More resources about this topic:

Podcast - Cash Vs. Accrual Accounting For Pharmacies

Podcast - Independent Pharmacy Accounting Fundamentals

Podcast - Avoiding Expensive Mistakes