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One Payroll, Multiple Pharmacies: Understanding Common Paymasters | Master The Margin
Multi-store owners: Are running payroll through all of your locations? This episode is a must listen... In this episode of Master the Margin, Scotty Sykes, CPA, CFP® and Kathy Blanchard, Senior Pharmacy Accountant, dive into the nuances of common paymaster status and why it’s often misunderstood in multi-store pharmacy operations. They break down: - What a common paymaster is—and how it (theoretically) benefits employers - Why most multi-store pharmacy owners don’t qualify, despite good intentions - The payroll risks of misclassifying employees across entities - The role of controlled group…
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