Henry Schein Financial Services Helps Health Care Practice Owners Leverage Tax Savings On Purchases

Newly passed Tax Increase Prevention Act of 2014 to benefit oral health, animal health and medical practitioners who are starting, growing or remodeling practices.
Posted: December 24, 2014
Edited by Dentaltown staff 

Melville, NY — December 24, 2014 — Henry Schein, a provider of health care products and services to office-based dental, animal health and medical practitioners, announced its ongoing support for practice owners seeking to leverage the recently signed Tax Increase Prevention Act of 2014. 
 
Henry Schein Financial Services offers an array of business solutions for health care practitioners, including equipment leasing and financing and patient and practice credit card services.
 
As part of the Tax Increase Prevention Act of 2014, Section 179 deduction limits have reduced the after-tax costs of acquiring depreciable business property in 2014 by accelerating the tax deductibility of all or part of the purchase price of qualifying purchases (equipment, technology and off-the-shelf software). The amount is scheduled to be reduced to $25,000 in 2015.
 
“Henry Schein Financial Services is focused on offering practitioners attractive financing costs,” said Keith Drayer, vice president, Henry Schein Financial Services. “Practice owners may face higher financing costs next year with less favorable after-tax cost on equipment purchases, computers, software and furniture while struggling to balance technology costs. However, with favorable deferred payment options, an office can start generating revenue by purchasing and using new equipment now, paying for it next year and maximizing the after tax savings this year. Taking advantage of Section 179 now through the end of the year represents a financial opportunity for health care practices.”
 
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