Smart Ways to Buy and Depreciate Practice Equipment

Financially Free Dentists

Depreciation isn’t just what happens quickly to your new Cybertruck — it’s a strategy that could save you thousands. Logan Foltz, MD, EA, tax manager at SLP Wealth and former physician, joins Conor Mahlmann, CFP®, CSLP®, and Jake Courtney, CFP®, CSLP®, to break down equipment depreciation and tax planning tips for dental practices and 1099 associates. You’ll learn from real-world examples like depreciating an $80,000 CBCT machine, vehicle expense deductions, business vs. personal use, and airtight expense tracking for tax compliance.

We’ll explore surprising things you might be able to depreciate, how to time purchases for maximum tax savings, tactics for high-profit years, how depreciation impacts your bottom line, and methods to make it work in your favor.

Key moments:

(07:22) Why a solid expense tracking system is your ticket to maximizing tax savings

(14:56) How your property type and depreciation life determine your depreciation schedule — plus recent tax law updates

(23:01) The hidden downside of early depreciation and the risk of a tax payback later

(28:05) Writing off your car and knowing the line between business and personal use to avoid IRS headaches

Managing your finances doesn’t need to be painful. Book a free intro call today. Just browsing? Learn more about us at SLP Wealth.

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify, or Amazon Music
• Leave an honest review on Apple Podcasts