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The Pharmacy Ownership Podcast | Ep. 17 | Understanding Basis: What Pharmacy Owners Need to Know
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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
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Ollin Sykes, CPA, CITP…
The skinny
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