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Tax savings for your practice. New tax law accelerates depreciation write-off
Shirley Dennis-Escoffier1, Olga Quintana
1University of Miami, Fla., USA. sdennis@miami.edu
MGMA Connexion
|April 24, 2004
Abstract:
The Jobs and Growth Tax Relief Reconciliation Act of 2003 provides benefits for your medical group practice by quadrupling the expensing deduction and increasing additional first-year bonus depreciation. These increases are not permanent--some expire as soon as the end of 2004. So now is the time to start planning to maximize the tax-saving benefits for your practice.
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01:30Health Information Technology and Healthcare Information System
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