Aesthetic Laser Business Support
Astanza is dedicated to the lifelong success of every client and aesthetic business. We help start and expand successful aesthetic businesses by offering exceptional business services and support alongside advanced laser technology. While we aren’t tax professionals, we are very well-versed in the aesthetic business space and know how to help you maximize your aesthetic laser business investments. This article is designed to help you better understand what section 179 is and how to utilize it in your favor. For explicit tax and financial business advice, please consult your accountant or tax professional.
What is Section 179?
First, let’s talk about what Section 179 is. Section 179 is a tax code for small to medium-sized businesses. It allows business owners to write off a portion or the entirety of their capital equipment investments for the year, depending on varying stipulations. What are capital equipment expenses? Equipment that is necessary to the operation of your business. When business owners think about required equipment, their immediate thought is usually a car or some form of heavy machinery. Fortunately, qualifying capital equipment can be far more than just a car or form of large heavy machinery. Investments like computers, aesthetic laser devices, and aesthetic laser machines can also be deducted because they are essential to the operation of your aesthetic business. Can’t remove many tattoos for your tattoo removal business without an aesthetic laser, can you?
In 2024, the maximum amount a business can deduct is $1,220,000 under section 179, according to irs.gov. Fortunately for you, your aesthetic laser device won’t set you back anywhere close to $1.2M. So, as long as you meet the requirements and your total deductions don’t exceed this year’s designated amount, your laser is 100% tax deductible.
What are the Qualifications for Section 179 Deductions?
The first requirement for your business to deduct your aesthetic laser device using section 179 is that your laser is installed on or before December 31, 2024. All equipment must be operational before the end of the year to qualify. Under normal circumstances, Astanza needs four to six weeks’ notice of a laser installation to get the laser shipped and delivered, and a qualified biomedical engineer on site to guarantee the laser is installed properly. Expedited delivery and installation is occasionally possible, but is never guaranteed. This means your deadline to purchase your aesthetic laser device is quickly approaching to meet the requirements for deduction in 2024.
The second requirement is that you speak with a qualified tax professional. Astanza Laser Business Development Managers are not qualified to give official tax advice or guidance. Speaking with a qualified tax professional and researching the guidelines in your particular state on the irs.gov website is the best way to obtain the most accurate information about Section 179.
Maximizing Your Aesthetic Laser Purchase
Astanza is proud to not only be a premier distributor of medical-grade, FDA-cleared aesthetic laser devices, but we are also home to the most robust warranty and service guarantee on the market today. Starting your aesthetic laser business with Astanza means a partnership with experts in the industry, advanced aesthetic laser technology, and aesthetic business and marketing support. The Astanza Experience includes the 3-Business Day Service Guarantee, Lifetime Training and Clinical Support, and ongoing marketing support from the award-winning Astanza marketing team. All of these pillars are essential to our guarantee to help your aesthetic laser business get off the ground and set you up for success for life from day one.
Aesthetic Business Support with Astanza
Contact us today and let one of our aesthetic laser experts walk you through the process to see if owning an aesthetic laser business is right for you. Don’t wait – December 31st will be here before you know it!
