Gone shopping lately? The stores are filled with Halloween costumes, Thanksgiving tablecloths (don’t forget the Pilgrim salt and pepper shakers) for Thanksgiving, and even Christmas and Hanukkah decorations! At this time of year, the holiday celebrations seem to fly by.
While you’re trying to remember all of the details to make the end of the year successful, it’s never too early to start thinking about investing in new technology and taking advantage of the Section 179 of the IRS tax code tax deduction that allows businesses to deduct the full purchase price of qualifying equipment from your gross income.
For 2011, the deduction limit is $500,000, for new and used equipment, including new software purchased or financed during the tax year—that’s up from $250,000 last time! The incentive was created by the U.S. Government to encourage businesses to buy equipment. Think of it as a boost for your practice to become more successful. Don’t let the time fly by because to take advantage of this deduction, the equipment needs to be in service by December 31, 2011. What better time to add a new dimension to your practice with an i-CAT Next Generation or i-CAT Precise? That’s a nice holiday season present from Uncle Sam himself. As we start to fill our shopping carts with pumpkins, turkey and tinsel, consider an investment that is never out of season–and is going to improve your practice potential all year round—3D technology, powered by i-CAT.
With all of the changes occurring in the federal government now, it makes sense to take advantage of a tax benefit to buy equipment that enhances the practice, quality of care, and the staff and the patient experience. Those who wait risk paying more of their hard-earned money to the IRS.
Happy Holidays (all of them) from i-CAT, and together with the 179 deduction, let’s make ‘economic recovery’ a part of your own financial success!
Want to calculate your savings? Check out Henry Schein Dental’s Section 179 calculation flyer.