Changes, opportunities for health care practitioners' finances
from Dental Tribune International
Many areas can bring small and large changes to a practice's income as well as the individual health care practitioner. An area to take advantage of is the 2010 IRS Section 179 Tax Code, which allows business owners to lower their taxable income by acquiring eligible property (such as dental equipment, technology and off-the-shelf software). What makes the 2010 Section 179 benefit important is that in the year 2011, this generous allowance will come down to $25,000. As more and more dentists embrace equipment and technology, this benefit can be applied to lower the buyer's taxable income.
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