How to get Your Best Deduction with Section 179

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What are Section 179 Deductions?

The IRS enacted Section 179 deductions to promote small businesses growth.  When you make capital expenditures, like equipment or software, you can deduct the cost of the asset over time.  That is basic depreciation.

The advantage of Section 179 is the ability to take 100% Deductions for qualified assets purchased and placed in service in the same year. Taking the full deduction will save you significant money on your business tax return.  The Section 179 Deduction limit is $500,000 for all of 2017.

Qualified property can be elected for the Section 179 deduction. Most tangible business equipment will qualify for the deduction.  This includes new, certified pre-owned, refurbished or used equipment. It should be purchased and available for use by the end of the last day of the tax year.  Most businesses find equipment financing to be very helpful for significant equipment purchases.  More info is available at DentalPlanet.com/financing

Taking Your 179 Deduction in 3 easy steps

Purchase qualified equipment during the tax year.

Keep records of the purchase price, date, freight, installation and in-service date for qualified purchases.

Take the 179 Deduction for the total cost of all purchases, up to $500,000. Don’t forget to include additional charges for taxes, freight, and installation.

Additional Resources are Available.  There are additional deductions for purchases over $500,000 up to $2 million.  Please visit DentalPlanet.com/tax_info or section179.org for more information. Dental Planet is not a tax advisor, so please consult your tax advisor for specific details relating to your specific situation.

October is Breast Cancer Awareness

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Did you know?

  • About 1 in 8 U.S. women (about 12%) will develop invasive breast cancer over the course of her lifetime.
  • In 2016, an estimated 246,660 new cases of invasive breast cancer are expected to be diagnosed in women in the U.S., along with 61,000 new cases of non-invasive (in situ) breast cancer.
  • About 2,600 new cases of invasive breast cancer are expected to be diagnosed in men in 2016. A man’s lifetime risk of breast cancer is about 1 in 1,000.
  • Breast cancer incidence rates in the U.S. began decreasing in the year 2000, after increasing for the previous two decades. They dropped by 7% from 2002 to 2003 alone. One theory is that this decrease was partially due to the reduced use of hormone replacement therapy (HRT) by women after the results of a large study called the Women’s Health Initiative were published in 2002. These results suggested a connection between HRT and increased breast cancer risk.
  • For women in the U.S., breast cancer death rates are higher than those for any other cancer, besides lung cancer.

Statistics from breastcancer.org

Dental Planet would like to highlight these excellent organizations during the month of October. These charities spend a majority of their funding directly on research to help find a cure for this disease.

final_bcrf_betheend_instagramThe Breast Cancer Research Foundation is a nonprofit organization committed to achieving prevention and a cure for breast cancer. They provide critical funding for cancer research worldwide to fuel advances in tumor biology, genetics, prevention, treatment, metastasis and survivorship.

susan-love-logoDr. Susan Love Research Foundation is dedicated to achieving a future without breast cancer by engaging the public and the scientific communities in innovative research. They do this through performing and facilitating innovative and collaborative research, translating science to engage the public as informed partners, and inspiring novel research.

Remembering September 11, 2001

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9-11-Memorial-NYC-1024x768.144102

Reflecting Absence from the South Pool at the New York World Trade Center Memorial

The National September 11 Memorial is a tribute of remembrance and honor to the nearly 3,000 people killed in the terror attacks of September 11, 2001 at the World Trade Center site, near Shanksville, Pa., and at the Pentagon, as well as the six people killed in the World Trade Center bombing in February 1993.

The Memorial’s twin reflecting pools are each nearly an acre in size and feature the largest manmade waterfalls in the North America. The pools sit within the footprints where the Twin Towers once stood. Architect Michael Arad and landscape architect Peter Walker created the Memorial design selected from a global design competition that included more than 5,200 entries from 63 nations.

The names of every person who died in the 2001 and 1993 attacks are inscribed into bronze panels edging the Memorial pools, a powerful reminder of the largest loss of life resulting from a foreign attack on American soil and the greatest single loss of rescue personnel in American history.

For additional resources, we suggest: http://www.911memorial.org

25 Incredible Images from National Geographic’s photo editors: http://channel.nationalgeographic.com/remembering-911/

Help Raise PTSD Awareness

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During the month of June join us to spread awareness for PTSD treatment and options. This flyer from the National Center for PTSD shows some of things we all can do to raise awareness of this illness.

May is Better Sleep Month

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The objective of Better Sleep Month
Encouraging healthy lives through better sleep. Refreshing sleep is just as important as diet and exercise in maintaining your health. Poor sleep, in contrast, can lead to increased blood pressure, stress, irritability, concentration problems and a weakened immune system.

Establishing Better Sleep Patterns
• Maintain a consistent sleep schedule – even on the weekends
• Relax prior to sleep with relaxing activities like reading, and limit stimulating ones.
• Proper diet and exercise support better sleep
• Avoid alcohol, nicotine and caffeine close to bed time.
• Take control of your sleeping environment. Dark, quiet and comfortable surroundings are important, as is your bedding quality and space. Remember to remove distractions in the bed- room.

How Much Sleep is Needed
The quality of sleep is a very important factor. Six hours of deep refreshing sleep is more beneficial than eight hours of light interrupted sleep. Many experts suggest 7.5 to 8.5 hours is optimal.

Achieving Better Sleep
When conditions such as sleep apnea or snoring interrupt sleep, your dentist can typically be of
great help. Custom molded mouth pieces called Jaw Advancing Devices (JAD) work well to treat
both sleep apnea and are effective to stop snoring.
Lifestyle changes are sometimes needed to change poor sleeping habits. Counseling can be effective in reducing stress and supporting these changes.
Better Sleep Month is supported by the Better Sleep Council. Reference for this article can be found at WhatHealth.com (Better Sleep Month 2017).

Make the Right Glove Choice Between Latex Gloves, Nitrile Gloves or Vinyl Gloves

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Latex gloves

Latex gloves are a a popular protective choice for medical or industrial use. Latex gloves are made out of rubber, a natural product. They have a slight advantage with comfort and dexterity over nitrile gloves. For this reason the majority of surgical gloves are still made from latex. The primary reason people would choose an alternative to latex is because many people suffer from latex allergies. Additionally, while latex gloves come from natural rubber latex, they are not 100 percent pure. This is because manufacturers combine the latex concentrate with a number of compounding chemicals during the initial step of the production process. Latex gloves, like balloons are a natural, biodegradable material. You can add them to a compost pile and they will be gone by six months.

Nitrile gloves

Nitrile gloves are an ideal alternative when latex allergies are of concern. These are made from a synthetic rubber and are often referred to as “medical grade.” Nitrile gloves also offer the most puncture resistance. Since latex allergies affect many people, nitrile gloves are often preferred. Even if the glove wearer is not allergic to latex, nitrile gloves are the popular choice for medical examination gloves. Nitrile gloves do have one drawback. They are not biodegradable.

Vinyl Gloves

Vinyl gloves are made from a synthetic material composed of polyvinyl chloride and plasticizers that softens the material. These gloves are allergy free and an alternative to wearing a latex glove. Medical examination gloves are commonly made of synthetic materials such as vinyl (PVC) or nitrile.

Allergies to synthetic gloves?

Some users confuse chemical allergies with latex allergies. Both nitrile and vinyl gloves often contain components that can elicit a chemical allergy. For example, nitrile gloves, like natural latex gloves, often use carbamates or thiazoles, which can cause a skin allergy.

Powdered gloves or unpowdered?

Powder is used as a lubricant in the manufacture of medical gloves in order to facilitate donning and to avoid the gloves sticking together. Today, the most widely used dusting powders are cornstarch, and calcium carbonate (CaCO3). Cornstarch, however is the most common lubricant.

Powder free lubricated gloves?

Residual powder from gloves is often removed by chlorination. Chlorination is achieved using chlorine gas or a solution of hypochlorite and hydrochloric acid. Surface tackiness of the natural rubber latex is reduced in this process. Gloves are then easier to don because they slide over hands without sticking to the skin. Chlorination also removes residual powder and lowers latex proteins in the glove. This process is most common for latex gloves.

Polymer coating is another way to make powder free gloves easier to don. There are various types of polymers used, including silicones, acrylics, and hydrogels. These coatings are applied to the gloves’ interior while the gloves are on the former. Polymer coating is most common with nitrile gloves.

Definitions and History

Nitrile rubber: Also known as Buna-N, Perbunan, acrylonitrile butadiene rubber, and NBR. It is a synthetic rubber copolymer of acrylonitrile (ACN) and butadiene. Trade names include Nipol, Krynac and Europrene. Nitrile gloves have a longer shelf life and are more resistant to punctures and tears compared to natural latex.

When did they start using gloves in surgery?

William Stewart Halsted is widely credited as the first to develop and introduce rubber surgical gloves in the United States. In 1894 at Johns Hopkins Hospital’s he was the first surgeon in chief, only five years after the institution opened.