Profit Sharing. A simple concept, but one that comes with a lot of misconceptions. With this blog, we are hoping to clear some of them up for you. 

In theory, profit sharing is a no brainer. By allowing employees to reap the benefits of the success of the company, you will see happier, more interested, more loyal, and more motivated employees. Additionally, in the US, tax breaks have helped support profit sharing and share ownership. Whether you are considering stock options, direct cash and bonus options, or deferred compensation, there are many things to consider - as each provides its own advantages. 

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With all of the recent changes in DIR fees, we have been talking with our clients a lot about uncertainty and the "unknowns" that always seem to creep up when you least expect them. More specifically, how these unknowns can affect the value of their pharmacy in the future, and how they can be prepared for such changes.

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Want to help your business stand out to potential future employees – and provide incentive for your current ones to stay? Try providing financial planning assistance! It may be hard to believe, but even in today’s world of near infinite and easily accessible knowledge, the vast majority of people do not know how to prepare for retirement or just how much money they need to save. 

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