The Pharmacy Ownership Podcast | Ep. 17 | Understanding Basis: What Pharmacy Owners Need to Know

Buying or selling a Pharmacy? Contact us 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 Check out all our social media:  Facebook Twitter LinkedIn  Instagram Ollin Sykes, CPA, CITP, CMA LinkedIn More resources about this topic:  Podcast - Cash Vs. Accrual Accounting For Pharmacies Podcast - Independent Pharmacy Accounting Fundamentals Podcast - Avoiding Expensive Mistakes