United Medical Instruments - Diagnostic Ultrasound Blog!

What is the Section 179 Deduction?

Posted by Jeanette Ashby on Thu, Nov 7, 2013 @ 07:11 AM

Looking to purchase an ultrasound system this year?

Now is the time to take advantage of the Section 179 Tax Deduction before the 2016 clock runs out.

What is the Section 179 Deduction?

Essentially, Section 179 of the IRS tax code is an incentive created by the U.S government to encourage businesses to invest in themselves, allowing them to deduct the full purchase price of qualifying equipment purchased, financed, or leased in 2016.

Is there a Purchase Deadline?

Yes! You must make your purchase and take delivery by December 31, 2016 to be eligible for the Section 179 Tax Deduction.

Does Section 179 apply to New and Used Equipment?

Yes!  Section 179 applies to both new and used equipment.

Section 179 at a glance - What is New for 2016

section_179_savings-300x213
  • 2016 Deduction Limit = $500,000
  • 2016 Limit on equipment purchases = $2,000,000
  • Bonus Depreciation = 50%

United Medical Instruments (UMI) has provided new and refurbished Portable and Console based Ultrasound Machines from GE, Philips, Siemens, Toshiba, Biosound, Terason and SonoSite to healthcare professionals for over 20 years.

Even if you are on a budget, there are ultrasound equipment options available to you. When considering buying used ultrasound equipment, keep the following tips in mind during vendor selection:

Commitment to Quality

What is their process for repair and warranty work? What is their process for refurbishing the ultrasound equipment? Whether it's just an additional transducer you need or a fully loaded laptop ultrasound system, do they just paint the nicks and send it out the door or is there a comprehensive checklist including safety points that are reviewed?

Scope of Resources

How many people work at the company, is it a broker working from his house? Or will you receive post sale support in the form of onsite training, continued lifetime online training for new staff? Do they repair the equipment in-house or source it to another company?

Price

This is a tricky area and one where you need to make SURE you are comparing apples to apples, not an apple to a grape. If it seems too good to be true, guess what? It is! Make sure you have a quote that details which features are enabled on the system you are going to purchase and that if you have requested a linear transducer for vascular access you are looking at two identical descriptions - there are multiple linear probes from SonoSite for example and they are different.

References/Reputation/Relationships

This is either an area you can start with, asking colleagues for references, or end with.... check the website, are there testimonials from past customers? Can you talk with a customer about their experience? Online resources such as Dotmed.com post feedback about resellers, be educated about who you are working with.

Act now!  Let us know if we can provide you with a quotation for a cost effective 2016 qualifying ultrasound solution! 

Contact us Toll Free 877.490.7036, visit our website www.umiultrasound.com, or email sales@umiultrasound.com to learn how you can apply the Section 179 Tax Deduction and start using ultrasound tomorrow.

Topics: UMI Blog