One Payroll, Multiple Pharmacies: Understanding Common Paymasters | Master The Margin

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 

Check out the full episode with bonus insights: https://masterthemargin.substack.com/

Schedule an Rx Assessment: https://www.sykes-cpa.com/rx-assessment-service/ 

More resources about this topic:

Podcast - One Big, Beautiful Bill: What the New Tax Proposal Means for Pharmacies: https://www.youtube.com/watch?v=99jnN08jGUo

Podcast - The Multi Store Owners Guide to Selling Your Pharmacy: https://www.youtube.com/watch?v=smmNR_SFOwg