You probably already know this, but this is the time of year to make capital equipment purchases for your practice. The IRS Section 179 allows dental practices to purchase capital equipment and benefit from significant tax deductions. The deduction limit for Section 179 is $500,000, so it’s a great time to take a look at the technology you’ve been thinking about but haven’t yet made a move on.
The Waterlase iPlus from Biolase, for example, would be a great purchase at this time of year. And Biolase is feeling generous, too, offering a free flat screen TV. A perfect addition to your practice for patient education videos.
Biolase even has a calculator on their site to help you run the numbers on your deductions.