Sidekick - Autumn 2013 - (Page 18)
Section 179 and Digital X-ray-
Professional Perspectives
you can still take
advantage of Section
179 tax savings. To
use this deduction,
the equipment must
be "placed in service" by December
31, 2013, meaning
it should not just
be purchased, but
it must be installed
and in service by
that time.
SALLY MCKENZIE
"If your office
is not digital,
you are still
in the dark
ages of the
darkroom."
For dental professionals who are
considering an investment in a
digital radiography system, there is
both good news and better news.
The good news is there is still time to take
advantage of Section 179 of the tax code that
allows dentists to deduct the full purchase price
of qualifying equipment and/or software purchased or financed during the tax year. The better
news is that this year, the deduction limit for
Section 179 is $500,000!
Section 179 has been enhanced for both 2012 and
2013 tax years. The limit last year was $125,000,
but thanks to the passage of H.R.8: American
Taxpayer Relief Act of 2012, also known as the
"fiscal cliff or fiscal crisis" bill, the 2012 limit
was also raised to $500,000 retroactively.
Ken S. Rubin, San Diego-based dental CPA
said, "Of course, when you are making a decision about adding equipment to your office, the
purchase should first and foremost make good
economic sense and increase efficiency." One
example is switching to an intra-oral digital X-ray
system. "If your office is not digital, you are still
in the dark ages of the darkroom," says Rubin.
He noted, "When a practice is being sold, usually
the number one best investment that a seller can
make is to upgrade to intra-oral digital X-ray."
The earlier the equipment is purchased, the
sooner the practice can start to reap the advantages. Even though the first half of the year is over,
18
Sidekick | Autumn 2013
With DEXIS® digital
radiography available for a reasonable
cost, there is plenty
of the deduction
limit left to add
other technology to
the mix. Computers and software qualify for the deduction, so
you can make your imaging more portable and
patient-friendly by adding laptops or iPad®s to the
operatories. DEXIS go, the companion app to the
DEXIS® Imaging Suite software, functions as an
imaging hub and displays on an iPad all images
within a patient record. It assists in patient education, leading to increased compliance and better
dental care.
A CPA or financial advisor should be consulted on
proper planning for tax incentives to get the maximum value. This year's Section 179, notes Rubin,
is "at an all-time historic high right now, and this
offers the perfect opportunity to increase the value
of your business and the level of your technology
in 2013."
Sally McKenzie is CEO of McKenzie Management,
which provides highly successful and proven
management and marketing services to dentistry.
McKenzie Management offers a full line of educational and management products on its website,
www.mckenziemgmt.com. The company offers a
vast array of Business Operations Programs and
team training. Ms. McKenzie can be reached toll
free at 877-777-6151 or at
sallymck@mckenziemgmt.com.
Calculate your savings on DEXIS and other
beneficial technology at http://hsic.com/148B0pK
Sally McKenzie and Ken Rubin are not employed by DEXIS
nor do they have any financial interests in the company.
http://www.mckenziemgmt.com
http://hsic.com/148B0pK
Table of Contents for the Digital Edition of Sidekick - Autumn 2013
Sidekick - Autumn 2013
Contents
Spectra’s Digital Explorer Bene ts Your Patients and Your Production
Dramatic Growth by Putting Patient Care First, Advance Dentistry
Privileges
Section 179 and Digital X-ray: Professional Perspectives
Featured Designs
Digital Dentistry Success Story: Integrating CAD CAM
The Cavity in American Health Care
Driven to Excellence: A Dental Practice Design Experience
TechCentral
Wi-Fi for Your Waiting Room and Beyond
Precise SHP Diode Laser and iPod touch® Pair to Make Care More Effective
Henry Schein In-Office Service
A Lifetime of Dental Experience Guides “New” Doctor in Build Out, Williams Family Dentistry, Denver, Colorado
ProRepair
3D Cone Beam: Where This Multi-Disciplinary Imaging Modality Can Fit Into Your Practice
Acree & Isenhower Family Dentistry
Henry Schein Financial Services
Professional Practice Transitions
Sidekick - Autumn 2013
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