re you weighing whether or not to make a capital equipment purchase by the end of the year? When we asked three professionals to tell us what they considered before making this big decision, they offered these three key factors.
For example, we recently replaced a visual field device because it was obsolete. The parts were no longer available. If the machine were to go down, we wouldnt be able to fix it, and wed lose a week or two of efficiency and quality care for our patients without the equipment. The new device is reliable, and its so much more efficient that weve actually accelerated patient throughput. Susan Thomas, Key Whitman Eye Centers Director of Operations: As we plan for next year, we like to think ahead to whats going on in the field and where we want to go. For example, we look at whats worked for us in the past, what kind of return we received on recent investments, and we think about how we could apply those successes to other practice locations.
asset is financed, a practice must consider the cash flow issue that will be created by making principal payments on debt with no corresponding tax depreciation against net income in future years. It was all used in the year of purchase. Many physicians are surprised the following year when they receive their 2014 K-1 and their taxable net income is quite a bit higher than their distributions.
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