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Insights is our series of tax, accounting and pharmacy related articles to help our clients navigate the financial landscape. Insights also provides the opportunity for our professionals to demonstrate their industry knowledge and experience through tax and business related tips, advice and news.
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Understanding Depreciation: A Tax-Saving Strategy That Puts Money Back in Your Pocket
If you're a business owner, real estate investor, or high-income earner, you've likely heard the term depreciation tossed around in tax...
Christopher Fleming, EA
8 hours ago4 min read
6 views
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Protect What You've Built: Why Structuring Your Business Properly is Essential
The way your business is structured has far-reaching implications—not just for taxes, but for liability, asset protection, and long-term sus
Christopher Fleming, EA
Apr 92 min read
6 views
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Are You Overpaying the IRS? Our Free Pharmacy Tax Review Could Save You Thousands
If you own an independent pharmacy, there’s a good chance you’re overpaying your taxes — and you don’t even know it.
Christopher Fleming, EA
Apr 82 min read
10 views
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Why Accurate Monthly Financial Statements Are Critical for Your Pharmacy's Success
Your pharmacy’s financial statements should do more than just track revenue and expenses—they should provide real insight into your business
Christopher Fleming, EA
Apr 73 min read
14 views
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Questions Pharmacy Owners Should Ask Before Filing Their Tax Return
Questions pharmacy owners should ask before filing their tax return
Christopher Fleming, EA
Apr 73 min read
64 views
0 comments
How to Read Financial Statements: A Guide for Business Owners and Investors
Understanding financial statements is crucial for business owners, investors, and stakeholders who want to assess a company’s financial heal
Christopher Fleming, EA
Feb 192 min read
12 views
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The Pharmacy Profitability Playbook: Understanding Key Metrics and Margins
By understanding and tracking key metrics and margins, you can make informed decisions that drive profitability and long-term success.
Christopher Fleming, EA
Dec 9, 20243 min read
28 views
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Demystifying Business Loans: What Independent Pharmacies Need to Know
Whether you’re looking to expand services, upgrade technology, or manage cash flow during challenging times, understanding your loan options
Christopher Fleming, EA
Dec 5, 20243 min read
13 views
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Top 5 Financial Pitfalls Independent Pharmacies Face and How to Avoid Them
Here are five common financial pitfalls that independent pharmacies face and actionable strategies to overcome them.
Christopher Fleming, EA
Dec 5, 20242 min read
130 views
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Year-End Financial Checklist for Independent Pharmacies
By following this checklist, independent pharmacy owners can close out the year with confidence, knowing their finances are in order and the
Christopher Fleming, EA
Dec 5, 20242 min read
54 views
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Exit Strategies and Succession Planning for Independent Pharmacies
Without a predefined agreement, disputes over valuation, terms, or transition processes can escalate quickly. An exit strategy helps set
Christopher Fleming, EA
Dec 5, 20242 min read
22 views
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Top 10 Most Valuable Tax Tips for Small Businesses
As the end of the year approaches, now is the perfect time to take stock of your finances and make moves that could benefit your tax situati
Christopher Fleming, EA
Nov 16, 20243 min read
142 views
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The Short-Term Rental Tax Strategy: What Investors Need to Know
The short-term rental tax strategy is an advanced tax strategy that allows short-term rental investors to offset their earned income
Christopher Fleming, EA
Nov 14, 20245 min read
24 views
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The History and Evolution of Income Tax in the United States
Before the introduction of income tax, the federal government funded itself primarily through tariffs, excise taxes, and land sales.
Christopher Fleming, EA
Nov 2, 20245 min read
23 views
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The Corporate Transparency Act - What You Need to Know
The Corporate Transparency Act - What You Need to Know
Christopher Fleming, EA
Sep 26, 20244 min read
86 views
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How Accountable Plans Save Taxes
An accountable plan is a reimbursement policy used by businesses to reimburse employees for business expenses tax free.
Christopher Fleming, EA
Jul 10, 20243 min read
43 views
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Tax Credits Every Small Business Owner Should Know About
Running a small business is rewarding but comes with its challenges, including managing taxes.
Christopher Fleming, EA
Apr 19, 20243 min read
54 views
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Amending Income Tax Returns After Receiving the Employee Retention Credit
In 2020, the government responded to the COVID-19 pandemic by passing the CARES Act, which included a refundable tax credit known as the...
Christopher Fleming, EA
Apr 19, 20244 min read
19 views
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The Wrong Accountant Can be Costly
The Wrong Accountant Can be Costly
Christopher Fleming, EA
Feb 18, 20243 min read
19 views
0 comments
10 things to consider when preparing to file your 2023 taxes.
10 things to consider when preparing to file your 2023 taxes.
Christopher Fleming, EA
Jan 15, 20244 min read
6 views
0 comments
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