Has your accountant ever said to you “you need to chase some 179 tax dollars”? You ask what that is and he just says go buy some equipment and you do and that’s it. Most people think the Section 179 deduction is something only a team of accountants can figure out, but it really isn’t. Basically, the Section 179 tax deduction is an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves. When your business buys certain items of equipment, it typically allows you to write them off a little bit at a time through depreciation. However, Section 179 allows you to deduct the full purchase price of new or used equipment and software that is purchased or leased in the tax year. In 2015 the deduction limit is $25,000, but there is a petition to get it raised to $500,000 (you can go here to sign the petition). Now that you have a basic idea of how simple the tax code is let’s take a look at an example compliments of Crest Capital.
The Whip Mix Blog
The decision to convert your dental lab from a traditional workflow to a digital workflow can be an exciting and scary one. Making the transition can also open many doors for the small labs. While digital technology helps labs achieve greater efficiency, flexibility and allows for consistent result, it also enables small labs the opportunity to expand their client base and offer new products to new and existing customers.Read More
Technology is having a profound impact on every aspect of our lives, including how we source and purchase new products or services. Think back to the last time you did research on a new product or service…did you search the Internet or did you call a company or sales rep?Read More
Way back in 1971, my older brother, Andy Steinbock, started working in the Whip Mix maintenance department while waiting for his friends to help him in starting a sports car repair shop in Colorado where they had all attended college together at CSU. For a variety of reasons, the repair shop plan never materialized, but by then Andy had already demonstrated his problem solving skills, a knack for mechanical things and a dependable work ethic, all of which have served him well over the last 44 years at Whip Mix.Read More
Tags: Whip Mix History
Everyone in the dental industry is familiar with the popularity of zirconia and believe it is here to stay. However, according to the Key Group Inc.’s 2014 U.S. Dental Lab Report, 72% of respondents expect to see a significant increase in CAD/CAM all-ceramic production. So, if all-ceramic production is going to increase – especially zirconia - let’s take a look at the differences between each of them with respect to dry or wet milling as we head into 2016.Read More
When a dental lab receives an impression, the technician is tasked with pouring it up. While this process is simple, there a few things that need to be considered. Selecting the right stone from the start and using it correctly can give us a useable model that can survive the fabrication process of the restoration intact. Here is what every dental technician needs to consider in order to get the most out of their gypsum models.
As we all probably know, computer technology changes in the blink of an eye. In the year 2000 we broke the 1 GHz barrier on PC processor speed. This was something that scientists and developers thought might never happen. Fifteen years later we have processors with 8-12 cores that run at an average of 3.5 – 4.0 GHz. That is a huge leap over a relatively small segment of time in computing history and that’s just the CPU! All of these rapid changes can be a nightmare to manage and keep up with if we don’t know what we’re looking for. There is a plethora of computer technology on the market today ranging from low end netbooks to high end enthusiast systems; however, there are only a few pieces of a computer that we need to be concerned with for dental CAD/CAM. That being said, you should expect to upgrade your PC hardware about every 4-5 years to get the most out of your dental CAD system. Following is a break down and description of PC parts that are vital to the performance of CAD/CAM systems.Read More
While conducting a product concept review meeting with about 14 dentists in attendance, the question was raised, “do you ever use a long-term soft denture liner?" “As a last resort” was the loudest reply. The definitive tone used spoke louder than the words.Read More
It’s happened again! A well-seasoned technician finally called after exhausting all of his thoughts and considerations on the topic, and said, ‘I’m right in the middle of a box of investment and I haven’t changed anything I’m doing, but my castings are all of a sudden too large. I’ve tried changing ratios but now I’m just lost…What is going on’?
After reviewing all of the procedures for investing and finding that he was following them all correctly, he let go in conversation how he had just replaced his bowl he’d been using for 10 years with a new one.
Well, that is the answer. I know…you think that I’m just trying to sell more mixing bowls, right? But no, there is a physics issue going on that explains what’s with the bowl; and it will happen to you too if you are not aware.Read More
My wife and I both grew up in conservative families in conservative Cincinnati Ohio where you only purchase what you can pay for. Now that we are parents and home owners we run our personal finances the same way. While we can all do without certain luxuries in our personal life that may not be the case for your dental lab, especially if you want your lab to succeed.
According to the U.S. Small Business Administration, there are 4 questions you should ask yourself when it comes to leasing or purchasing new equipment, each with their own set of pros and cons. Here is what they say when it comes to leasing vs. purchasing equipment:Read More