RENEW DIGITAL LEARNING HUB

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 2023.

Section 179 of the IRS tax code, designed to encourage small businesses, such as dentists and dental specialists, to invest in their practices, allows 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 equipment like CBCT scanners, digital X-ray machines, intraoral cameras, 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.

Let's review how dental professionals can calculate their Section 179 deductions for dental imaging equipment.

Carestream is one of today's trusted names in dental imaging technology. And for good reason, they manufacturer a wide range of advanced X-ray machines that cater to the diverse needs of dental professionals.

Planmeca is one of the leading names in dental imaging technology today. Like a few other popular imaging brands, Planmeca offers a range of advanced imaging systems to meet the diverse needs of dental professionals. Among their industry-recognized lineup, the Planmeca ProMax family of extraoral imaging devices stand out as versatile and reliable solutions for capturing high-quality dental images.

With more and more dental and specialty practices making an investment in dental cone beam (CBCT) systems, you may be considering upgrading your practice’s imaging equipment. Three-dimensional imaging improves treatment planning capability while allowing your practice to expand your in-house service offerings to attract more patients. However, CBCT systems are sizable investments that require proper planning and consideration. With so many reputable products in the CBCT market today, how do you choose the right machine? If you focus on a few key features that are important to your practice, it will help you feel confident in your investment.

Are you planning on expanding your dental or specialty practice? Opening a new office or satellite? Searching for ways to attract and retain patients? Don’t miss this all-in-one guide to help you leverage your investment in advanced dental imaging technologies.

A dental X-ray machine is an essential tool for many dentists and specialists. These machines provide vital imaging capabilities, producing either 2D or 3D scans for a wide variety of clinical applications. Because capturing X-ray scans is a vital part of dentistry, regardless of specialty, many doctors looking for new dental imaging equipment are likely upgrading their existing system or investing for a new practice. .

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 2022. Section 179 of the IRS tax code, designed to encourage small businesses, such as dentists and dental specialists, to invest in their practices, allows 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. This means that they 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.

As a dental professional, you need the ability to accurately diagnose patient conditions and plan their treatment, and a dental X-ray machine makes that possible. However, with the wide variety of options on the market, it can be hard to know exactly what you need. While shopping, you may want to keep the following features and considerations in mind.

Sirona is synonymous with delivering high-quality, dependable dental X-ray machines and other products for dental professionals. Dental practices that own Sirona dental equipment know that it is one of the best, most reliable and easiest to use brands you can buy. But, have you considered a used Sirona dental panoramic X-ray machine?

It is becoming more common for dental practices to operate across several office locations, regardless of specialty. And, just like your main location, you’ll want to make sure you have access to the technology you need to provide the best patient care, including a digital x-ray and/or CBCT system.