Henry Schein Inc, Melville, NY, announced its ongoing support for practice owners seeking to leverage the recently signed Tax Increase Prevention Act of 2014. Before December 31, 2014, Henry Schein will offer tax savings and incentive opportunities on equipment, technology, and renovations that cost up to $500,000.
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 price of qualifying purchases (equipment, technology, and off-the-shelf software). The amount is slated to be reduced to $25,000 in 2015.
For more information, practice owners can contact Henry Schein Financial Services by emailing email@example.com or calling 800-853-9493.