Tax Write-off for Equipment Purchases by Year End


Medical practice can accelerate capital expenditures for IT purchases in Q4 2010 to take advantage of a new small business tax cut, allowing immediate investment incentives under the Small Business Job Act.

If your medical practice has plans to make information technology purchases (i.e., computers, monitors, servers, etc.) in early 2011, consider accelerating your capital expenditures into the fourth quarter of 2010.

Doing so may allow you to take advantage of a new small business tax cut which provides immediate incentive to invest under the Small Business Job Act that was signed into law this year. One of eight new small business tax cuts is an extension and expansion to immediately expense capital investments.

Bottom line:  If you buy equipment that gets installed for use before January 1st, you can get a bigger tax write-off for 2010.

For assistance with your IT purchase, please don’t hesitate to contact Jim Boehm at Harmony Healthcare IT at (574)-968-5058.

As Harmony Healthcare IT does not provide legal, tax or accounting advice, we recommend that you consult your accountant prior to making a purchase.  For more information, see

Nov 18 2010

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