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The Importance of Pharmacy Tax Planning

Webinar Video Now Available – “The Importance of Pharmacy Tax Planning”

Independent Rx
Independent Pharmacy Cooperative (IPC)
Pharmacy Tax Planning

2022 Pharmacy

Tax Planning

Thank you to everyone who was able to join us for our live panel discussion on 2022 Pharmacy Tax Planning.

 

Your questions and participation were greatly appreciated.  We understand that it’s often hard to break away for an hour during a busy workday so we’ve made the webinar available for everyone to playback at their convenience.

 

Just a few of the topics we covered:

  • Why should you tax plan?
  • The top things to think about when tax planning.
  • Should you make an S Corp election?
  • What is basis and how does it impact your tax situation.

Meet the Panel

Tim Clark

Rich Danhof

Independent Rx

Owen BonDurant

Owen BonDurant

Independent Rx

Branden Borremans

Branden Borremans

IPC

Jim Sunderland

Jim Sunderland

Independent Rx

Rich Danhof, CPA

Partner, Independent Rx

Rich began his career at a major public accounting firm followed by 10 years in a large corporation. His corporate life was primarily spent in the mergers and acquisitions group, buying and selling companies in the US and abroad. The desire to have ownership in a business, lead him to a partnership in a personal financial planning business and eventually to a partner role in Clark’s Pharmacies and Independent Rx. He’s spent the last 15 years operating, buying, and selling pharmacies and providing finance and accounting expertise to pharmacy owners across the country.

Owen BonDurant

Partner, Independent Rx

Owner, The Compounding Lab

Owen is 2nd generation (his father Mark BonDurant, IRx Chief Consultant) in the pharmacy business and has worked in independent pharmacies all his life. His pharmacy experience includes almost every role an independent pharmacy has to offer from cleaning bathrooms, working as a pharmacy technician to starting, marketing and running a durable equipment company and of course being the founder of Independent Rx.

 

Owen graduated from Miami University of Ohio and has a degree in marketing and a minor in management information systems (MIS). Over the past 18 years he has started two companies, sold enterprise software to major retail organizations and helped start or acquire over 100 pharmacies.

Branden Borremans

Marketing Program Manager, IPC

 

Branden joined the IPC Marketing and Communications team in August 2019. Branden contributes to a wide variety of marketing and communications  initiatives to serve two common goals – empower member pharmacies and attract new ones.


Prior to arriving at IPC, Branden sharpened his communication skills working in the television broadcast industry for more than two decades.

Jim Sunderland, CPA

Director Tax Services, Independent Rx

Jim graduated from Wright State University in 1983 with a BS degree in accounting and finance, and began his career in public accounting at then Big 8 firm Coopers and Lybrand (now PriceWaterhouseCoopers).  He obtained his CPA certification and gained valuable experience there in both audit and tax working on a wide variety of clients.  He has served in a CFO role for the last 21 years during his tenure at 3 companies.  Jim brings a strong background of accounting and finance operations and over 38 years of experience to IRx.

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