As it turns out, our friends in Congress may be a dentist’s greatest ally. The federal tax program, rumored to be cut for 2013, was resurrected as part of the American Taxpayer Relief Act of 2012, also known as the ‘Fiscal Crisis Bill’.
The program encourages small businesses to invest in their own growth, potentially allows a deduction of as much as $500,000 on most new and used capital equipment purchases, as well as certain types of software. Additionally, there is a 50% bonus depreciation that can be taken on new equipment.
Time is running out to take advantage of these significant tax savings as all purchases must be put into service by Dec. 31, 2013 in order to qualify. It should also be noted that additional tax rules may apply. To be sure that Section 179 is applicable to your business it is always recommended that you consult with your tax expert.
Dentists Management Corporation (DMC) offers a wide range of high-quality digital X-ray equipment, software and computer hardware for dental professionals. For more information about products and services provided by DMC, please contact Jody Blakely today.
Choosing to invest in your dental technologies is a right click for your present financial gain, your practice profitability as well as your potential future practice value.
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