With the holidays coming up, we know how important it is to get a deal on the items we shop for. This is just as true for your office as it is for your home. The Section 179 Deduction makes this even easier by allowing you to write off the full amount of qualifying purchases made in 2012 (up to $139,000) and take advantage of a 50% bonus depreciation on any amount above the deduction limit.
According to www.section179.org, “Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the full purchase price from your gross income. It's an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.”
So what is all covered? The website explains, “Section 179 Deduction is available for most new and used capital equipment, and also includes certain software. Bonus Depreciation can be taken on new equipment only (no used equipment, no software). When applying these provisions, Section 179 is generally taken first, followed by Bonus Depreciation – unless the business has no taxable profit in 2012.”
Ortho2 provides an array of products to help you advance your practice, and save money while doing it. With our special year-end pricing and the Section 179 Deduction, your practice can save. Both Edge and ViewPoint have several modules that maximize various operations within your practice, including:
- Edge Animations
- Edge Reminders
- Premier Imaging
- Edge Imaging
- Edge Portal/VP WebAccess/VP Glance
- Treatment Hub/Treatment Chart
- Patient Tracker/On-Deck
- HR Manager
- Electronic Insurance
- User Licenses
In addition, hardware provided from Ortho2 falls into this deduction, including full computers, but also fingerprint readers, scanners, printers, and more! Check out Ortho2’s Webstore at www.ortho2.com > Ortho2 Webstore.
This is an opportune time to take advantage of this deduction, as without congressional action it will drop to $25,000 in 2013. See how a premier practice management system can change positive changes in your practice. Remember, this offer expires December 31, 2012.Visit www.section179.org or www.irs.gov for more information. Please consult your tax advisor to learn how Section 179 would apply to your situation.