RENEW DIGITAL LEARNING HUB

Boost Efficiency, Reduce Stress, and Optimize Your Practice

Hey! Looking into becoming a dentist? Or, making sure your salary/offer is competitive in today's marketplace?

Here at Renew Digital, we've been helping dentists and specialists across the country for over 14 years. So far, we've been able to answer YOUR questions, but how can we help you answer the questions on the minds of your patients?

Has your dentist recently recommended a CBCT or cone beam scan? If so, you're probably wondering what this is, what it does and... how much will it cost?

Hello Renew Digital! Have you seen our most recent announcement?

The following is a summary of a recent episode of The Orthoprenuers Podcast with Dr. Glenn Krieger. In this episode “Save Time and Money”, Dr. Krieger interviews Nate Hudson, a regional sales manager from Renew Digital - market leaders in certified pre-owned dental imaging. They’re joined by Mark Bacino from their sister-company Voxel Dental, the digital dental workflow experts.

The demand for used dental equipment has grown significantly as more dentists recognize its value as a cost-effective and sustainable alternative to buying new. From small start-ups to established practices looking to expand, purchasing pre-owned equipment offers a range of benefits without compromising quality.

The American Association of Orthodontics (AAO) is an organization dedicated to promoting excellence in orthodontic care and education. Each year, the AAO hosts an annual meeting, which brings together orthodontic professionals from around the world to share knowledge, showcase the latest advancements in orthodontic technology and treatment techniques, and network with colleagues.

It’s hard to believe, but it’s that time of year again to start thinking about how to reduce your practice’s tax liability for 2024.

Section 179 of the IRS tax code, designed to encourage small businesses, including many private practices, to invest in their practice and allow them to deduct the full purchase price of qualifying equipment and/or software that has been purchased or financed during the tax year from their total gross income.

For dental practices, this means that the cost of capital equipment such as CBCT, digital X-ray machines, intraoral scanners, and even software can be fully or partially deducted from gross income. This means your practice can write off the full purchase amount this year and are no longer required to depreciate the equipment over time as they have in previous tax years.

Calculating this deduction effectively can help reduce tax liabilities and improve cash flow for practices. Here’s a guide to understanding and calculating the Section 179 deduction for dental imaging equipment.