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Savvy business owners take advantage of Section 179 when expanding or opening an aesthetic laser business. Whether you’re an entrepreneur launching your first laser clinic or are a seasoned practitioner ready to expand your services, meticulously planning and outlining your strategy leads to a successful start. And learning what Section 179 is and how to take advantage of this tax benefit to benefit your business is the best way to acquire capital investments.
Investing in a tattoo removal laser device is a great way to expand medical spas, aesthetic practices, tattoo shops, and even plastic surgery centers! Due to increasing demand for laser tattoo removal services, quick treatment times, and special savings on equipment, purchasing a tattoo removal laser is a highly profitable investment and ideal way to grow your business. Whether you're purchasing an aesthetic laser for the first time or have experience buying capital equipment, make sure you take these critical steps outlined below in your purchasing process.
Are you interested in starting your own laser aesthetic business? Maybe you’ve been thinking about expanding your existing medspa or tattoo shop with laser tattoo removal. Well, now is the perfect time to start thinking about investing in a new laser. As one year closes, another one begins, opening up many new possibilities for your aesthetic practice.
The Section 179 deduction is an Internal Revenue Service (IRS) tax code that allows medical and aesthetic businesses the opportunity to deduct the total cost of qualified equipment, such as a laser purchase, acquired in 2021 rather than writing off smaller amounts over several years. In other words, Section 179 removes the wait for reimbursement and allows businesses to receive a significant tax refund in the current year versus amortized payments over the life of the asset purchased.
As the year comes to a close, it's essential to analyze your aesthetic clinic's performance to determine how you can continue to invest in your business.
In a year when aesthetic clinics faced unprecedented challenges, long-term closures, restructuring, and plenty of re-grouping, we saw several emerge stronger than before. Many of those business owners used (and are still using) this time to dig deeper into their financials, operations, marketing, and available services to operate even more efficiently than before.
By revisiting ways to optimize business operations, aesthetic clinic owners have also afforded themselves the bandwidth to search for ways to stay competitive (and profitable) in their ever-changing markets. For many, this meant investing in new technology and introducing new services to their loyal customer base. Keep reading below for three ways to optimize your aesthetic laser purchase before the end of the year:
Purchasing an aesthetic laser doesn't have to be a complicated or mysterious process when you're armed with facts to dispel common misconceptions about the laser buying process. Some of the most common misconceptions about purchasing an aesthetic laser include the required credit score for obtaining a loan for an aesthetic laser and how much money you have to put down.
In this blog, we’ll answer the top questions surrounding the purchasing and financing process for an aesthetic laser.
There are many common financial transactions or loans that most Americans apply for and receive throughout our lives. The two most common financial transactions are vehicles (cars, vans, boats, motorhomes, etc.) and residential housing. As these are the two most common large financial transactions that most consumers are familiar with, we typically assume that the financial structure, banks that provide the loans, and payment arrangements are the same for every financial transaction. While that may be true in terms of down payments, credit scores, principal, and interest rates, not every loan is the same. When getting a loan for an aesthetic device, it's important to remember that all loans are not created or structured the same.
Because many consumers have a misconception that all loans are the same, they're more prone to making a mistake when purchasing a new or pre-owned tattoo removal laser or aesthetic device. To simplify financing and buying a new aesthetic laser, we put together some information on common mistakes people make when investing in capital equipment like aesthetic lasers.
Are you interested in reducing your 2021 tax bill and increasing revenue in 2022?
Thanks to Section 179, now is the best time to accelerate your tax benefits and save on capital equipment purchases. Purchasing an aesthetic laser for tattoo removal, hair removal, skin resurfacing, or other aesthetic lasers are prime examples of qualifying capital equipment for the Section 179 deduction.
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