Reduce Tax Obligations from PPP Funds by Purchasing Dental X-ray Equipment
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.