When you’re thinking about buying equipment for your practice, either new or used, money is always a factor. There’s some good news on that subject that you should consider.

First, the equipment you’re using now has resale value. ScripHessco will appraise it for you and, in most cases, take it in on trade towards the purchase of a new or refurbished table. But, most importantly, the equipment you buy has terrific tax advantages. All equipment can be depreciated by taking if off your income that year (up too $18,500) or by normal yearly depreciation.

This could save you up to 40% of the cost of the new equipment depending on your tax bracket. Then there is the recently enacted tax law #1338, Aid to Disabled Americans, that states that you can buy any equipment that makes it easier to treat a disabled person (limit $10,250) and receive a tax credit of 50%. (The first $250.00 is exempt). Click to view a sample financial calculation.

Equipment Leasing

• Leasing allows you to make money with your new equipment while you are paying for it, without tying up your valuable working capital.
• Leasing is easy. You choose the equipment and you choose the supplier. You won’t need to fill out any lengthy credit application, or give us a copy of your last 3 years’ tax returns. All we need is your social security number.
• Leasing protects your lines of credit. If you are interested in buying real estate, for example, you will find that your leased equipment does not count as indebtedness, which adds clout to your credit standing.
• Leasing has tax advantages. Your entire lease payment is 100% deductible as a business expense, which means that you are saving dollars on the interest as well as the principal.
• Leasing will tailor the payments to suit you. You pick the length of the lease, down payment (if any), graduated payments, etc.