The approval of the increase in the 2014 allowance for Section 179 is creating a lot of buzz in the dental industry. It seems like Section 179 promos always spring to life at the end of the year, every year.
So, what is the buzz all about? It's because you have a limited time to act - and save tremendously. Choose to invest in a solution that brings additional revenue to your practice, like the WaterLase iPlus, and you can save plus generate new revenue and attract new patients.
Here are 7.9 things that you should know about Section 179 and your dental practice.
- Section 179 is intended to help you invest or re-invest in the future of your company, by offering a tax break on capital equipment. For the dentist, this can include major purchases to help make procedures more efficient – such as dental lasers, 3D scanning, Intra-oral scanners– as well as investments to make your office more attractive such as new dental chairs. Nearly all business-use equipment qualifies as a deduction.
- The increase in 2014 limits to $500,000 could save you $22,750 on a WaterLase iPlus, or over $50,000 on a NewTom VGi. Consider this scenario: