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To lease or not to lease…or to purchase?

When it comes to getting a new vehicle for the pharmacy, one of the most common questions we get asked from owners is “should I lease or should I purchase a vehicle?”

In this episode of Master The Margin, Scotty Sykes, CPA, CFP and Kathy Blanchard, Senior Pharmacy Accountant break down this question and what it means for your tax strategy including:

• Why leasing might limit your tax strategy
• How purchasing a vehicle can unlock large write-offs
• The critical importance of mileage logs and business-use documentation
• How a separate delivery LLC could protect your pharmacy from liability
• And more!

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More resources about this topic:

Podcast - One Big, Beautiful, Bill: What the New Tax Proposal Means for Pharmacy Owners

Podcast - Master The Margin: 2025 Tax Outlook

Webinar - Tax Cuts and Jobs Act of 2017: Pharmacy Impact and §199A

Blog – Tax-smart Depreciation on Pharmacy Buildings and Equipment

Blog – Maximize Pharmacy State and Local Tax Deductions (SALT)

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Out of all the hats that pharmacy owners need to wear, advocacy is arguably one of the most important.

Yet too many pharmacy owners underestimate their ability to influence meaningful change.

So how can pharmacy leaders advocate effectively and ensure their voices are heard in critical policy discussions?

In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP®, and Bonnie Bond, CPA, sit down with Dr. Cole Sandlin, PharmD and Owner of Fred's Pharmacies to break down:

• The key takeaways from the pharmacy fly-in
• How bipartisan support is driving momentum for pharmacy initiative
• The role of AI in strengthening pharmacy operations
• And more!

More About Our Guest:

Cole Sandlin, PharmD is a 2008 graduate of Samford University McWhorter School of Pharmacy and the owner of Fred’s Pharmacy in Hamilton, Alabama.

Growing up in Hamilton, his grandfather, Fred C. Sandlin, founded Fred’s Pharmacy in 1951. Cole’s father, Fred Jr., took over from his dad and in 2014 Cole and wife Jill bought the pharmacy from his dad.

Learn more about Cole and Fred's Pharmacies:

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Fred's Pharmacies Website

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More Resources on these Topics:

Podcast – The One Big, Beautiful Bill

Podcast – Driving Independent Pharmacy Profitability in 2025

Podcast - AI, Audits, & Advocacy: The Pharmacy Survival Guide

Podcast - Pharmacy Advocacy: Going Beyond Patient Care for Your Community

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Inventory management...One of the top contributors to profit loss in independent pharmacies.

Yet many owners still rely on outdated systems and reactive strategies.

So how can pharmacy leaders optimize inventory, adapt to market shifts, and still maintain community connection?

In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP®, Bonnie Bond, CPA sit down with Wade Hinkle, and Jared Barton of Pharmacy Marketplace and Inventory IQ to share real-world lessons from the front lines of pharmacy business.

This episode covers:

• Why accurate inventory systems are a cornerstone of financial health
• Marketplace realities and how pharmacies can strategically respond
• Transitioning to perpetual inventory and how it changes the game
• And more!

More About Our Guest:

Jared Barton:

Jared Barton is the CEO of Inventory IQ and the Secretary of the Board of Pharmacy Marketplace. With 9 years in the independent pharmacy industry and 600+ independent pharmacies served; Inventory IQ is the nation’s premier independent pharmacy inventory management firm. We focus on maximizing efficiency through inventory management and assisting with perpetual inventory implementation/maintenance. They help pharmacies optimize their inventory through their monthly Inventory Mining program, and they also provide inventory count services for tax purposes, transitions of ownership, and third-party audits.

Wade Hinkle:

Wade Hinkle is the Founder and CEO of Pharmacy Marketplace, an all-in-one purchasing solution that considers primary vendor agreements and key metrics to help you make better real-time purchasing decisions.

Prior to Pharmacy Marketplace, Wade studied at the University of Auburn where he obtained a degree in finance. This degree ultimately led him to become a partner and Owner of Hinkle Pharmacy in Alabama where he later used the insights he learned in owning a pharmacy to Co-found Inventory IQ, a service based business focused on helping independent pharmacies implement perpetual inventory systems.

Learn more about Jared, Wade, InventoryIQ and Pharmacy Marketplace:

Jared Barton LinkedIn

Inventory IQ Website

Wade Hinkle LinkedIn

Pharmacy Marketplace Website

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More resources on this topic:

Master The Margin

Podcast - Driving Independent Pharmacy Profitability in 2025

Podcast - Improving Cash Flow with Inventory Management

Podcast - Navigating the Pharmacy Marketplace