SERIES: Master The Margin | Ep. 6 | One Payroll, Multiple Pharmacies: Understanding Common Paymasters

Episode notes

Send us Fan Mail Check out the full episode with bonus insights Schedule an Rx Assessment 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 rules in IRS compliance - How common ownership impacts payroll, 401(k)s, benefits, and more Stay connected with us on social media: Facebook Twitter LinkedIn Instagram Spotify Apple Podcasts Scotty Sykes – CPA, CFP LinkedIn Scotty Sykes – CPA, CFP Twitter More resources about this topic: Podcast - One Big, Beautiful Bill: What the New Tax Proposal Means for Pharmacies Podcast - The Multi Store Owners Guide to Selling Your Pharmacy