Are the tax benefits of end-of-year equipment purchases worth the wait?
Gary I. Glassman, CPA
Gary I. Glassman, CPA, is a member of the Veterinary Economics Editorial Advisory Board who has worked exclusively with veterinarians for more than 20 years. He specializes in accounting, tax planning, and practice transitions and is a partner with Burzenski and Co. P.C. in East Haven, Conn.
Understand the system, but use breaks in the context of your clinic's needs.
As we enter the fourth quarter, you may be eyeing that big piece of gear, knowing the imminent tax ramifications. CVC educator Gary Glassman, CPA, says you have the right idea, but urges you to be sure about the ultimate value of the equipment. Get his full take in this video.