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Dentists Should Make the Most of Tax Breaks in 2008

December 8th, 2008 · No Comments

Dentist TaxesWhile we can’t be sure what the economy holds or who will go to the Super Bowl, two things are certain: death and taxes. The bad news is, no matter what, you’ll have to file and you’ll have to pay. The good new is, this year you can get some great breaks on large purchases of dental equipment and technology. Before you go to your CPA, check out these resourceful articles to boost your tax IQ:

Dental Technology: Where to Invest

Not sure what to purchase for your practice? The Levine article in DPR advises dentists to only purchase big-ticket items that will benefit the practice long-term. Frivolous purchases solely for the tax deduction aren’t smart. DentalBlogs contributor and respected dental technology expert Dr. Larry Emmott offers sound advice for dentists when it comes to high-tech toys…er, investments. For instance, he recommends cost-effective paperless records: “… add new technologies that will save money. A good example is to go paperless. Paperless records can save an office $40,000 a year. (For some help doing that look here.)” See his blog, http://emmottontechnology.com/, for more great tips on how to spend your marketing dollars before the year ends.

Tags: Administrative