From: Sterling Questions on EHR/EMR Systems (SQEES), May 2, 2011
As we move further along on 2011, you should seriously consider your plans for the year and the most advantageous (and soon to be extinct) tax benefits of an EHR investment in 2011 or 2012.
Until December 31, 2011, EHR investments are eligible for 100% Bonus depreciation. 100 % Bonus Depreciation allows a practice to completely write off their hardware and software EHR expense without limit in 2011. (Bonus Depreciation drops to 50% in 2012 and reverts to regular depreciation in 2013.) Another interesting aspect to Bonus Depreciation is that Bonus Depreciation is not limited to an offsetting profit. Without getting into too much number crunching, that means that you may be able to generate positive cash flow depending on financing etc. Read More