Dr. Practice by DentalEZ

package2As we get close to the end of the year, many dentists are purchasing operatory equipment to reduce your gross income in order to take advantage of tax benefits. There are a few tax laws to discuss with your tax advisor as they impact dentists, making equipment purchases ideal in the closing months of the calendar year.

Besides the standard reductions, there is a new 20% pass-through deduction that makes anyone with an income below $415 eligible. If your overall income is between $315k and $415 you are qualified for a portion of the 20% deduction, and if your salary is below $315k you are qualified for the full deduction. Talk to your CPA about deductions so you can benefit.

Dental operatory equipment purchases need to be installed and able to be used before the end of the year to be eligible. To help you meet these requirements, DentalEZ has configured 4 pre-built equipment packages. We will be able to ship these packages within 48 hours of receiving the purchase order through December 18th and while supplies lasts.

Please download the flyer from DentalEZ.com or call your local PSA rep for more information.

 

 

Published in Promotions
Tuesday, 08 October 2013 15:30

Tax Savings

Take advantage of tax savings in 2013! The Section 179 deduction allows you to expense as much as $500,000 on your qualified equipment purchases. Plus you may also qualify for a 50% bonus first year depreciation deduction.

There is a $2 million dollar limit, more than enough to build a few new operatories and utility rooms from the DentalEZ Group. Equipment must be in service by December 31st to qualify, so contact your local DentalEZ representative ASAP. We can ship and install everything you need by the end of the year including; chairs, lights, delivery units, stools, cabinets, compressors and vacuums.

Examples are shown below for general guidance; please contact your accountant or a tax advisor to learn more about Section 179 and how your specific practice can benefit. 

Published in Industry News
Thursday, 13 October 2011 10:00

Time for Tax Savings!

Why wait? Now would be a great time to update your practice with some new DentalEZ® equipment and take advantage of the $500,000 Section 179 deduction! See below for some examples of how you can save. Equipment must be in service by December 31, 2011, and calling your representative now will ensure this happens. Visit www.DentalEZ.com to learn more about our products and talk to an authorized tax advisor for more information on tax savings.
Published in Industry News
Friday, 10 September 2010 03:00

Equipment Tax Savings

NOW is the time to start thinking of tax-time SAVINGS! Your Section 179 deduction limit has been extended for 2010 tax year! This means you can still take advantage of the $250,000 Section 179 deduction. What is Section 179? It's an incentive created by the U.S. Government to encourage businesses to buy equipment and invest in themselves. Essentially, Section 179 works like this: When your business buys certain pieces of equipment, it typically gets to write them off a little at a time through depreciation. Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year. That means that if you buy a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. Important facts to know: Section 179 does come with limits:
  • There are caps to the total amount written off ($250,000 in 2010)
  • And limits to the total amount of the equipment purchased ($800,000 in 2010.)
  • Equipment must be in service by December 31, 2010.
Even more important, after 2010 this deduction is expected to decrease to $25,000; don’t wait! Now’s the time to plan! DentalEZ offers a full line of qualifying equipment and utility room products:
  • We can ship and install everything you need by the end of year
  • Economical choices with high-quality options
  • Chairs, lights, delivery units, stools, compressors and vacuums
For tax savings examples click here. To learn more about Section 179 and how your specific practice can benefit, it is best to contact your accountant or tax advisor. DentalEZ is not an authorized tax advisor.
Published in Industry News

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