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The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. - Urgent Update: Understanding FinCEN Reporting with Scott Burnett

Urgent Update: Understanding FinCEN Reporting with Scott Burnett

01/17/24 • 38 min

The Bottom Line Pharmacy Podcast: Sykes & Company, P.A.

Send us a text

Are you aware of the new FinCEN guidelines for Beneficial Ownership Reporting? If not, you should be!

Independent pharmacies are right in the crosshairs of the new guidelines, and we want to keep you protected.

On this special episode of The Bottom Line Pharmacy Podcast, we sit down with Scott Burnett from Burnett & Associates to discuss beneficial ownership reporting, why it matters, and more!

Want to read and follow along? Click here for the transcript

More about our guest:
Who is Scott Burnett? Scott Burnett is a nationally recognized speaker, best-selling author, and President & Founder of Burnett & Associates, a business law firm that specializes in corporate minutes & resolutions, FinCEN, business formations, and asset protection.
If you want Burnett & Associates to help you with your FinCEN filing, use promo code Sykes20 for $20 off your FinCEN filing.

Interested in learning more about FinCEN, and corporate minutes & resolutions and Burnett & Associates? Click the links below to learn more:

Burnett & Associates Website
Burnett & Associates Facebook
Burnett & Associates Instagram
Burnett & Associates YouTube
Scott Burnett LinkedIn

Did you like this episode? We share insights for Independent Pharmacy Owners every other Thursday. Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes.

Want to stay connected? Check out all of our social media:

Sykes & Company P.A. Social:
Facebook
Twitter (X)
LinkedIn
Instagram

Follow the CPA's on LinkedIn:
Scotty Sykes – CPA, CFP LinkedIn
Scotty Sykes – CPA, CFP Twitter
Bonnie Bond – CPA LinkedIn
Bonnie Bond – CPA Twitter

More resources on this topic:

FinCEN BOI
BOI Client Letter
AICPA FinCEN FAQs
Scott Burnett on the new FinCEN guidelines

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Send us a text

Are you aware of the new FinCEN guidelines for Beneficial Ownership Reporting? If not, you should be!

Independent pharmacies are right in the crosshairs of the new guidelines, and we want to keep you protected.

On this special episode of The Bottom Line Pharmacy Podcast, we sit down with Scott Burnett from Burnett & Associates to discuss beneficial ownership reporting, why it matters, and more!

Want to read and follow along? Click here for the transcript

More about our guest:
Who is Scott Burnett? Scott Burnett is a nationally recognized speaker, best-selling author, and President & Founder of Burnett & Associates, a business law firm that specializes in corporate minutes & resolutions, FinCEN, business formations, and asset protection.
If you want Burnett & Associates to help you with your FinCEN filing, use promo code Sykes20 for $20 off your FinCEN filing.

Interested in learning more about FinCEN, and corporate minutes & resolutions and Burnett & Associates? Click the links below to learn more:

Burnett & Associates Website
Burnett & Associates Facebook
Burnett & Associates Instagram
Burnett & Associates YouTube
Scott Burnett LinkedIn

Did you like this episode? We share insights for Independent Pharmacy Owners every other Thursday. Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes.

Want to stay connected? Check out all of our social media:

Sykes & Company P.A. Social:
Facebook
Twitter (X)
LinkedIn
Instagram

Follow the CPA's on LinkedIn:
Scotty Sykes – CPA, CFP LinkedIn
Scotty Sykes – CPA, CFP Twitter
Bonnie Bond – CPA LinkedIn
Bonnie Bond – CPA Twitter

More resources on this topic:

FinCEN BOI
BOI Client Letter
AICPA FinCEN FAQs
Scott Burnett on the new FinCEN guidelines

Previous Episode

undefined - Keeping Your Pharmacy Insured Featuring Steve Boone

Keeping Your Pharmacy Insured Featuring Steve Boone

Send us a text

Many pharmacy owners have never explored their insurance options and as a result, are likely overpaying.

Only recently have other options become available for pharmacy owners, and these options could result in saving $15,000.

In this episode of The Bottom Line Pharmacy Podcast, we sit down with (tag) Steve Boone, Agent with Heartland Insurance Group to discuss how to keep your premiums low, what insurance options are available for delivery, case studies on how much you could save, and more!
Who is Steve Boone? Steve Boone is a business insurance professional with over 30 years of experience. Since 2014, Steve has worked exclusively with independent pharmacies and currently insure over 450 locations across the United States.
If your pharmacy is looking for a single-source, lower cost package tailored to your unique needs, then this pharmacy-specific program is perfect for you.

Learn more about Steve Boone and Heartland Insurance below:

Steve Boone LinkedIn
Want to read and follow along? Click here for the transcript!
Did you like this episode? We share insights for Independent Pharmacy Owners every other Thursday. Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes. https://www.sykes-cpa.com/media-resources/the-bottom-line-pharmacy-podcast/

Want to stay connected? Check out all of our social media:

Sykes & Company, P.A.:

Facebook
Twitter
LinkedIn
Instagram

CPA’s:

Scotty Sykes – CPA, CFP LinkedIn
Scotty Sykes – CPA, CFP Twitter
Bonnie Bond – CPA LinkedIn
Bonnie Bond – CPA Twitter

Thanks for listening!

Next Episode

undefined - Going the Extra Mile with Long-Term Care with Debbie Marcello

Going the Extra Mile with Long-Term Care with Debbie Marcello

Send us a text

In today's independent pharmacy landscape, it’s crucial that you go beyond filling scripts. Your pharmacy must become the healthcare hub of your community.

One of the best ways your pharmacy can become the healthcare hub is through community-based services such as at home care! This helps your pharmacy stay proactive to what the community needs and keeps cash-flow positive.

In today’s episode of The Bottom Line Pharmacy Podcast, we take you beyond prescriptions and sit down with Debbie Marcello to discuss Happier at Home, cash-based revenue sources, and more!

If you want to read and follow along, click here for the transcript (transcript link)

More about our guest:

Debbie Marcello, RN is a Registered Nurse and the CEO of Happier at Home a home health service that has flipped the script on the traditional home health care model by putting clients at the forefront and simultaneously giving independent pharmacies options to diversify revenue, elevate patient care, and ultimately become the healthcare hub of their community.

Want to learn more about Debbie Marcello and Happier at Home? Click the links below:

Happier at Home Website

Happier at Home LinkedIn

Happier at Home Facebook

Happier at Home Instagram

Happier at Home Twitter (X)

Happier at Home YouTube

Did you like this episode? We share insights for Independent Pharmacy Owners every other Thursday. Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes.

Want to stay connected? Check out all of our social media:

Sykes & Company P.A.:

Facebook
Twitter
LinkedIn
Instagram
YouTube

CPA’s:

Scotty Sykes – CPA, CFP LinkedIn
Scotty Sykes – CPA, CFP Twitter
Bonnie Bond – CPA LinkedIn
Bonnie Bond – CPA Twitter

Want to read more on diversifying revenue and similar topics? Click below for more resources:

How to consistently improve gross margins

5 Ways to Diversify Services in your Pharmacy

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