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Podcast: Pharmacy Podcast Network
Episode: Life in the Tax Lane: The Right Vehicle Strategy for Your Pharmacy | Master The MarginLife in the Tax Lane: The Right Vehicle Strategy for Your Pharmacy | Master The Margin
Description: To lease or not to lease…or to purchase?
When it comes to getting a new vehicle for the pharmacy, one of the most common questions we get asked from owners is “should I lease or should I purchase a vehicle?”
In this episode of Master The Margin, Scotty Sykes, CPA, CFP and Kathy Blanchard, Senior Pharmacy Accountant break down this question and what it means for your tax strategy including:
- Why leasing might limit your tax strategy
- How purchasing a vehicle can unlock large write-offs
- Importance of mileage...