Code Section 179 election and Bonus Depreciation could help when investing in your dental practice and are methods of accelerating depreciation. Your tax or legal advisor can advise you on what is right for your practice. Read our high-level summary.
For the past few weeks you’ve been hearing from us about the virtues of Section 179, a portion of the tax code that allows you to write off an equipment purchase. The federal government is betting big on small businesses by offering a full deduction […]
Is your practice taking advantage of Section 179 of the tax code? If not, you may be missing out on some serious business savings. Some expenses like office supplies benefit your business in the short term. But what about long-lasting purchases like furniture, CEREC machines, […]
To help small business owners grow, the government passed tax laws to promote that growth by accelerating tax reductions through deduction and depreciation opportunities. New equipment purchases can be either depreciated over their useful life, or expensed immediately under the IRS Section 179 tax code, […]