Now is the best time to invest in your business and prepare for a successful 2010. The economic stimulus plan includes two huge giveaways that expire at the end of this year.
The 50% Bonus Depreciation Allowance allows you to deduct half the cost of software and other eligible property in addition to the regular depreciation allowance; and a higher depreciation limit of up to $250,000 available in 2009 will be reduced to $125,000 in 2010.
Use this money to grow your business in 2010
With the higher limit, even if you already added equipment earlier this year, there’s a good chance you still have room to invest in your business at stimulus savings. Here are just some of the ways you can use this stimulus money to grow your business in 2010…
- Attract and keep more patients and clients. Add cutting-edge tools like a patient portal, automated text messaging, detailed referral tracking and more.
- Boost office productivity. Connect all your locations to a centralized scheduling system, automate manual tasks like appointment reminders or add users and locations to your existing SpectraSoft system.
- Increase your billings and collection performance. Isn’t it time you moved to an integrated scheduling-billing-documentation system?
To get the ball rolling before it’s too late, schedule a web demonstration for the decision makers in your organization.
SpectraSoft would be happy to provide your team with a live, interactive software demonstration over the Internet. You can tailor the demo to your specific needs (scheduling, billing, documentation or patient communications) ask questions along the way and explore alternatives. It’s a great way gain the information and consensus you need to make a decision before your stimulus savings expire.
Resources
Helpful chart that describes bonus depreciation
Read more details on the SpectraSoft blog
Disclaimer
Since tax matters are extremely involved, SpectraSoft cannot provide you with tax advice. We suggest that you contact your tax advisor or the Internal Revenue Service concerning how this information affects your specific tax situation. This information is taken from the Internal Revenue Service and other sources we believe to be accurate. We cannot warrant its accuracy or freedom from error or defect.