RENEW DIGITAL LEARNING HUB

As we approach the end of the year, it’s time to start thinking about how to take advantage of certain tax deductions before it’s too late. For new or used dental equipment and/or software, one deduction for dental professionals to consider is Section 179. This allows you to write off the entire cost of your equipment purchase for this year’s tax filings. In 2020, there are some new rules to follow to ensure you get the maximum benefit. Take a look at just some of the highlights below.

2020 was a year unlike any other. With the worldwide Coronavirus pandemic hitting the United States in early March 2020, it’s been one unprecedented change after another. One such change is the Paycheck Protection Program (PPP) that was provided to small businesses, such as dental and dental specialty practices, earlier this year to help practice owners keep their staff on the payroll. But, did you know that dental practitioners that took advantage of the PPP Program can actually reduce their tax obligations from the receipt of PPP funds by purchasing large capital equipment and software, such as dental X-ray equipment, for their practices? Here’s how.

The COVID-19 pandemic has changed the way many of us go about our daily lives. This is especially true for dental practices and how they deliver care to their patients. Renew Digital, the leader in certified pre-owned dental X-ray machines and cone beam systems, has gathered some information on how to provide safe and effective care to your patients, especially as they apply to dental imaging.

Due to the growing presence of COVID-19 throughout the world, many dental practices were forced to close their doors for several months this spring. Although safety protocols have certainly changed, now is the time to reopen and welcome patients back in for treatment. Before you see your first patient, however, it’s wise to inspect and test your dental X-ray machine. Use this guide when powering on or using your X-ray for the first time after being out of the office for at least a week. This helps to ensure proper operation and safety for you and your staff.

Is your practice considering adding used dental equipment from a reseller to your practice? In the age of eBay, Facebook Marketplace, Facebook Groups, Dentaltown and other online resources, buying and selling used dental equipment and other devices is more widely accepted than ever before, and it no longer carries the “used” stigma. But not all used dental equipment, or all used dental equipment resellers, are created equally. Here are some important questions you may want to ask before choosing a reseller to provide used dental equipment for your practice.

Thanks to increased public discussion about radiation safety, patients today have greater concerns about their dentist using an extraoral dental X-ray machine than they did in the past. This is despite reassurance that a dental X-ray machine exposes them to far less radiation than other types of medical equipment such as a medical CT scan. As a dentist, it’s up to you to train your staff to reduce patient exposure to radiation and to educate patients about their actual risk.

When you buy used dental equipment, you can use the ​Section 179 tax deduction to write off your expense in the year of purchase. Want to save up to 60% off the cost of dental equipment? Want to take advantage of the Section 179 deduction at the same time? Here's what you need to know about using this tax benefit.