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Podcast: Pharmacy Podcast Network
Episode: One Payroll, Multiple Pharmacies: Understanding Common Paymasters | Master The Margin
Description: 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.Â
They break down:Â
- What a common paymaster is—and how it (theoretically) benefits employersÂ
- Why most multi-store pharmacy owners don’t qualify, despite good intentionsÂ
- The payroll risks of misclassifying employees across entitiesÂ
- The role of controlle...