Monday, November 1, 2010

Tax incentives for buying EMR and EHR Software

Dear Doctor,
I know you’ve been bombarded with details of Stimulus Incentives from various corners. You’ve probably decided that sooner or later, you’ve going to go electronic and get EHR technology.
But, here’s another great reason to buy in calendar year 2010. Combined with Stimulus, it makes a compelling case to get EHR now!
· September 27, 2010, President Obama signed into law a bill (H.R. 5297), that includes a retroactive extension of the 50% bonus depreciation provision that expired last December.
· This will allow customers to write off an additional 50% of the cost of qualifying assets (including software) acquired and placed in service in 2010.
Importantly, this legislation sunsets 12/31/2010, and presents a compelling reason to buy in calendar 2010 (to spend year end budget, pull forward future spend, or a reason to place orders in December rather than January).
I learned long time ago that people fail not programs, the programs mentioned above will work for the good of all if followed as outlined. I think the program is a GOD send for those who have vision. I see great visions here and to put it short and brief this lemon is ready to be turned into lemonade.
By allowing a 100% deduction of capital investments, businesses of all sizes will be allowed to keep more money now and would give you an incentive to spend and invest.
Fine print - I'm not a tax consultant and this is not tax advise.

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