Medical Device Tax applys to Dental Equipment Too!
A little background: a key piece of the funding puzzle for the new Affordable Healthcare Act is a medical excise tax of 2.3% on all medical and dental equipment purchased. (The rationale for the tax...
View ArticleFinal IRS Guideline for Dental Equipment and Supplies
The Internal Revenue Service issued final regulations under Internal Revenue Code Section 4191, which imposes a 2.3% excise tax on the sale of certain (read most) dental equipment and devices after...
View ArticleEHR For Dentists
There are a lot of questions about Electronic Health Records (EHR’s) and the Health Information Technology for Economic and Clinical Health (HITECH) Act and what they mean to dentists. I am asked, “Do...
View ArticleTax info for 2013
A quick button tax info for 2013… Section 179 is set at $500,000. It is scheduled to revert to $25,000 in 2014. An office can write off up to $250,000 in leasehold improvements in 2013. This isa...
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