The Pulse Of Veterinary Medicine

Vet-To-Vet Conversation With IDEXX

Author archive: IDEXX Medical Affairs Team

How the Section 179 tax deduction can fuel your veterinary practice growth

Section 179 of the IRS tax code addresses how business owners deduct the purchase of big-ticket equipment on their tax returns. For 2017, the limit for deductions is $510,000! For veterinary practices, these purchases—even those financed through a lease agreement—represent a terrific opportunity to save big on taxes.

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Focus your learning at the NAVC Conference 2017—it’s almost here!

This year’s North American Veterinary Community Conference, on February 4‒8 in Orlando, Florida, is fast approaching. We’re offering several rich education sessions that will help you enhance your patient care with fresh insights into everyday practice as well as exciting new developments in veterinary diagnostics.

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4 Tips for dental health month that will make your practice sparkle year-round

February is National Pet Dental Health Month. Get your practice and your clients ready with these tips.

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'Tis the season for holidays...and pancreatitis

The holidays are almost here and veterinary practices are gearing up to treat some common seasonal complaints. One of these issues, pancreatitis, can stem from getting into the garbage or eating fatty table scraps—turkey skin, chocolates, and other rich foods—that pets get all too much of at this time of year.

So especially over the next few months, it’s a good idea to find out if it’s pancreatitis first when canine patients present with vomiting, abdominal pain, or anorexia.

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How the Section 179 tax deduction can fuel your veterinary practice growth

This material has been prepared for informational purposes only and should not be relied on for tax, legal, or accounting advice.  You should consult your own tax advisor regarding its application to your specific situation.  

Section 179 of the IRS tax code addresses how business owners deduct the purchase of big-ticket equipment on their tax returns. At the very end of 2015, the limit for deductions was raised from $25,000 to $500,000. (That’s a 1900% increase!) For veterinary practices, these purchases—even those financed through a lease agreement—represent a terrific opportunity to save big on taxes.

If your practice is going to owe federal income taxes this year, Section 179 can help build your business and reduce your tax liability at the same time.

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