Goetze Dental is dedicated to offering you the best dental financial programs to help you achieve your practice's goals and dreams. We can help you with all your financing needs from small purchases of one item, or a whole new office building from the ground up. We have teamed up with leading financial institutions, including Bank of America, ADC Group Financial Services and U.S. Bank to provide you with the best possible options to choose from for your finance needs

Our trained dental financial representatives are available to help you analyze your practice in terms of fee structure, operating expenses, fixed costs, collections policies, marketing, demographics and location analyses and much more.

As your dental financial partner, we provide you with these benefits and more:

• Low rate, competitive financing from leading sources
• Access to up to $400,000 with an application
• Fast approvals and turnaround
• Flexible programs from deferred, skipped or stepped payment plans
• Equipment terms up to 10 years
• Real estate amortizations up to 25 years with 5/7/10 year balloons
• Leasehold improvement funds & working capital funds

In 2012 you can buy or lease qualifying equipment and/or software and take a full tax deduction in 2012 on the purchase.

There are incredible tax benefits for business owners through Section 179 of the U. S. Tax Code.  These benefits are due to the "Tax Relief Act of 2010" as well as the "Jobs Act of 2010" that passed in late 2010.  But, these provisions end on December 31, 2012.

Now is the time to learn about how Section 179 can benefit you.  Remember, to qualify for the Section 179 tax deduction, the equipment must be "in service" by December 31, 2012.

What is Section 179:

Section 179 of the U.S . Tax code allows you to buy or lease qualifying equipment and/or software and then take a full tax deduction in 2012 on the purchase.

The Basics of Section 179:

• 2012 Deduction Limit = $139,000. This deduction can be taken on new and used equipment, including new software. Section 179 Deduction limit after adjustment for inflation has increased to $139,000 (maximum allowance would have been only $25,000 prior to the new legislation).

• 2012 Limit on equipment purchases = $560,000. Section 179 Threshold for total of equipment & software that can be purchased has increased to $560,000 (threshold would have been only $200,000 prior to the new legislation).

• “Bonus” Depreciation - 50% (taken after the $139k deduction limit is reached). Note, bonus depreciation is only for new equipment. This can also be taken by businesses that exceed $560,000 in capital equipment purchases.

Please Note:

Section 179 Deduction is available for most new and used capital equipment, and also includes certain software.

Bonus Depreciation can be taken on new equipment only. (no used equipment, no software)

When applying these provisions, Section 179 is generally taken first, followed by Bonus Depreciation – unless the business has no taxable profit in 2012.

The above is an overall, "simplified" view of the Section 179 Deduction for 2012.
Source: www.section179.org

Please consult your tax advisor for information relevant to your current business situation.

For more specific information about each of our partners, and the financing options they provide, click the links below.