IRS Section 179 Tax Deduction 2024 – Save More On Your Equipment!

By Mobile Health Clinics USA | Date posted: October 10, 2024 | Last updated: October 10, 2024

Tax benefits are calculated using an estimated income tax rate of 32%.

This calculator presents a possible tax scenario. This page and calculator are not tax advice. The indicated tax treatment applies only to transactions deemed to reflect a purchase of the equipment or a capitalized lease purchase transaction. Please see your tax advisor to determine the tax ramifications of acquiring equipment or software in your particular situation.

Business Equipment – Section 179 Expensing Allowance

Under the IRS Section 179, a taxpayer may expense up to $1,220,000 of qualified equipment placed in service in 2024 (amounts will be indexed for inflation in future years). The rules are designed for small companies, so the $1,220,000 deduction phases out when a business purchases more than $3,050,000 in one year. (Companies cannot write off more than their taxable income)

Bonus Depreciation – 100% for 2024

The Tax Cuts and Jobs Act enacted in 2018 increased the first-year bonus depreciation to 100% for qualified investments made after Sept. 27 2017 and before Jan 1, 2023. Bonus depreciation is available for all businesses, is not capped at a certain dollar level and is good for new or used property. The 100% immediate expensing of asset acquisitions will be permitted for tax years 2018 through 2022 before reducing to 80% in 2023, 60% in 2024, 40% in 2025 and 20% in 2026.

Benefits of Finance Agreements and Capital Leases

Maximize the tax benefit with a Group Financial Services finance agreement (conditional sales contract) or capital lease. Both allow a business to acquire equipment with a low monthly payment while taking advantage of the Section 179 Expensing allowance and Bonus Depreciation. Examples of capital leases include a $1.00 buyout lease and a capitalized 10% purchase option lease.

Tax Code Section 179 & Election to Expense Detail

The election, which is made on Form 4562, is for the tax year the property was placed in service or an amended return filed within the time prescribed by law. The total cost of property that may be expensed for any tax year cannot exceed the total amount of taxable income during the tax year. Section 179 property is property that you acquire by purchase for use in the active conduct of your business. To ensure property qualifies, reference Publication 946.

This expense deduction is provided for taxpayers (other than estates, trusts or certain non-corporate lessors) who elect to treat the cost of qualifying property as an expense rather than a capital expenditure. Under Section 179, equipment purchases, up to the amount approved for a given year, can be expensed (deducted from taxable income) if installed (placed in service) by December 31st. Non-Tax leases qualify for this deduction in their year of inception. Any excess above the expensed amount can be depreciated depending on the equipment type.

Often, the same asset will qualify for Section 179 Expensing and Bonus Depreciation. In this event, you decide what method to use or you may choose to combine methods. If you decide to claim both for the same asset, you must use Section 179 first, then Bonus Depreciation

Not all states follow federal law. Contact your tax advisor for further detail or visit www.irs.gov

Mobile Dental Unit: Accessing community needs and impacts!

By Mobile Health Clinics USA | Date posted: January 27, 2024 | Last updated: February 17, 2024

In the ever-evolving landscape of healthcare, meeting the diverse needs of communities is a critical endeavour. One ground breaking solution that has reshaped the dynamics of accessible healthcare is the Mobile Dental Unit.

Mobile Dental Units emerge as unsung heroes, breaking barriers and bringing smiles to communities. This article navigates the landscape of Mobile Dental Units, exploring their impact on community needs and overall well-being.

Navigating Community Needs: The Mobile Dental Unit Advantage

Delve into the unparalleled impact of Mobile Dental Units in overcoming barriers, fostering positive attitudes, and navigating community needs described below.

Bridging Healthcare Gaps

Picture this: a dental clinic on wheels, equipped with state-of-the-art facilities, reaching remote areas where traditional dental services struggle to make inroads.

The Mobile Dental Unit serves as a mobile oasis, traversing geographical barriers to bring dental care to the doorstep of underserved communities. This is more than a convenience; it’s a strategic approach to address the gaps in healthcare accessibility.

Flexibility in Service Delivery

Unlike static dental clinics, Mobile Dental Units offer flexibility in service delivery. They can adapt to the unique needs of each community, providing preventive and corrective dental services tailored to the population they serve.

Cost-Effectiveness

The cost-effectiveness of Mobile Dental Units is noteworthy. These units streamline operations, reducing overhead costs associated with maintaining a brick-and-mortar clinic. This efficiency enables them to allocate resources to direct patient care.

Empowering Vulnerable Populations

Beyond the geographical advantage, Mobile Dental Units play a pivotal role in empowering vulnerable populations. Socio-economic factors often create barriers to accessing quality healthcare, including dental services. The mobile nature of these units ensures that individuals from all walks of life receive the attention they deserve. It’s a testament to inclusivity and a step towards mitigating health disparities.

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The Ripple Effect: Impacts on Community Health

Through fostering a positive attitude toward oral healthcare and breaking cultural barriers, Mobile Dental Units make lasting impacts on community health. We have put them all together below for you.

Preventive Dental Care Outreach

At the heart of Mobile Dental Units is a commitment to preventive care. These units don’t just treat dental issues; they actively engage in outreach programs, offering regular check-ups, educational sessions, and preventive measures.

By instilling a culture of proactive oral healthcare, these units contribute to a ripple effect in community health. It’s about transforming communities from reactive to proactive agents of their own well-being.

Improved Oral Health

The impact of Mobile Dental Units on community oral health is substantial. By addressing dental issues promptly, these units contribute to overall well-being, preventing the escalation of dental problems that could lead to more severe health issues.

Reducing Emergency Cases

A proactive approach to dental health has a cascading effect on emergency cases. Mobile Dental Units, with their emphasis on preventive care, significantly contribute to reducing the burden on emergency healthcare services. By addressing issues before they escalate, these units play a crucial role in enhancing overall community health and well-being.

Educational Outreach

Beyond providing clinical services, Mobile Dental Units engage in educational outreach. They empower communities with knowledge about oral hygiene practices, preventive care, and the importance of regular dental check-ups.

Empowerment of Communities

Access to dental care empowers communities, fostering a sense of well-being and confidence. Mobile Dental Units not only treat dental conditions but also contribute to the overall empowerment of individuals and communities.

The Technology Behind the Mobile Dental Revolution

To understand the impact of Mobile Dental Units, it’s essential to explore the technology fueling this revolution. From advanced diagnostic tools to portable dental chairs, these units are equipped with cutting-edge technology to deliver comprehensive dental care. Digital X-rays, teledentistry capabilities, and real-time data sharing enhance the efficiency and effectiveness of services provided.

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Overcoming Stigma and Myths

Mobile Dental Units are on a mission to dispel myths and eliminate stigma, creating a positive space for communities to prioritize their oral health without fear or hesitation. Here are some of them that it aims to debunk.

Addressing Dental Anxiety

Mobile Dental Units go beyond the conventional scope of dental care—they act as beacons of reassurance for those grappling with dental anxiety. The mere thought of a dental visit can evoke fear in many, hindering individuals from seeking essential oral healthcare. These mobile units, equipped with compassionate professionals, create a supportive environment that acknowledges and addresses these fears.

The intimate setting of Mobile Dental Units allows for personalized interactions between patients and dental professionals. This approach significantly reduces the anxiety associated with dental visits. Patients feel heard, understood, and supported, paving the way for a positive and stress-free dental experience. Through patient education and empathetic communication, these units effectively dismantle the psychological barriers that dental anxiety imposes.

Breaking Cultural Barriers

Cultural myths and misconceptions often cast a shadow over the importance of dental care, impeding access within diverse communities. Mobile Dental Units, strategically embedded within these communities, play a pivotal role in dispelling these myths and fostering a holistic approach to healthcare.

By operating within the cultural fabric of the community, these units actively engage with residents, addressing and debunking prevalent dental myths. Whether rooted in folklore, misinformation, or historical beliefs, Mobile Dental Units work to educate communities about the realities of oral health.

Conclusion: Mobilizing Dental Care for a Healthier Tomorrow

In conclusion, the Mobile Dental Unit transcends its role as a mere vehicle; it is a transformative force in community health. By addressing specific needs and creating positive impacts, it paves the way for a healthier and more equitable future.

As we rally behind this mobile revolution, let’s ensure that no community is left behind in the journey towards optimal oral health. The Mobile Dental Unit is not just a solution; it’s a commitment to a healthier tomorrow, one community at a time.

Experience the power of community outreach with our cost-effective, and cutting-edge mobile dental units. Explore our range of mobile medical and dental vehicle solutions today and be a part of the positive impact on communities everywhere. Request free quick quote for mobile dental unit or contact us at sales@kbdentalconsulting.com.

New vs used mobile medical clinic vehicle: Which one should you choose?

By Mobile Health Clinics USA | Date posted: March 17, 2023 | Last updated: May 31, 2023

Mobile medical clinics have been around for several years. They play a critical role in providing healthcare services to underserved and hard-to-reach communities. These clinics can serve as a primary care provider, offer medical screenings, immunizations, and basic lab work, and provide referrals to specialists.

However, with the introduction of new and advanced technologies, the question arises as to whether a new or used mobile medical vehicle is the best option for healthcare organizations.

In this article, we have covered the boons and banes of both so that you can make the right choice for your practice.

Read on.

New Mobile Medical Clinic Vehicles

Advancements in technology have significantly improved the capabilities of mobile medical clinics, including telemedicine services and electronic health records (EHRs). With the implementation of EHRs, medical professionals can easily access patient information from their mobile clinics, providing better continuity of care.

New mobile clinics are also equipped with more advanced medical equipment, including diagnostic imaging devices, blood analysis machines, and ultrasound machines. These features allow medical professionals to perform more comprehensive examinations on patients, making new mobile medical clinics a great option for healthcare organizations that require advanced medical services.

Next, catch a glance on all the perks you can enjoy with it.

Advanced Technology: New mobile medical clinic vehicles are equipped with advanced technology that help healthcare providers deliver more accurate and efficient care.
Lower Maintenance Costs: New medical vehicles require less maintenance than used ones. This means that you will spend less money on repairs and run overtime.
Improved Fuel Efficiency: New medical vehicles are more fuel-efficient than older ones. This means that you will save money on fuel costs over time. Many of them are equipped with solar panels and are designed to be more environmentally friendly.

These is everything that a new mobile medical device has for you in the closet.

Now, let’s get an idea of what can get in your way to a smooth practice.

Higher Upfront Costs: New vehicles are more expensive than used ones. This means that you will need a larger budget to purchase a new mobile medical clinic.

If you are strong on budget, welcome a new mobile medical device without any second thoughts.

Also, Checkout: Mistakes To Avoid When Approaching Mobile Clinic Vehicle Start-Ups!

Moving forward, let’s take a look at the used medical clinic vehicles.

Used Mobile Medical Clinic Vehicles

Used mobile clinics are often less expensive and readily available compared to new ones. They can also be refurbished and retrofitted with new medical equipment, making them a viable option for healthcare organizations that have a tight budget.

Used mobile clinics are often used in rural and underserved areas where access to healthcare is limited. These vehicles are well-suited for providing basic medical services, including health check-ups, immunizations, and basic lab work. Despite being less technologically advanced than newer models, used mobile medical clinics remain an important resource for communities that have limited access to healthcare services.

Here’s something more that you can look up to while deciding on a used medical clinic.

Lower Upfront Costs: Used medical vehicles are cheaper than new ones. This means that you will need a smaller budget to purchase a used mobile medical clinic.
Familiarity: Healthcare providers may be more familiar with used mobile medical clinics. This familiarity can help them provide better care to patients.

Those are some of the advantages of availing a used mobile medical device. However, the disadvantages should also be noted along with it. Look at the same below.

Higher Maintenance Costs: Used medical vehicles require more maintenance than new ones. This means that you will spend more money on repairs and upkeep over time.
Lower Fuel Efficiency: Used medical vehicles are less fuel-efficient than new ones. This means that you will spend more money on fuel costs over time.

Which One Should You Choose?

The decision to choose between a new or used mobile medical clinic vehicle depends on various factors, including the budget, location, and healthcare needs of the community.

Here’s everything to consider in each.

Budget: Consider your budget and the upfront and ongoing costs associated with purchasing and maintaining a mobile medical clinic.
Population: Consider the needs of the population you serve. For example, if you serve an older population, you may need a larger, more comfortable vehicle that is easy for them to access.
Services: Consider the services you will provide in the mobile medical clinic. If you plan to offer more advanced services, such as telemedicine, you may need a newer vehicle with advanced technology.

Moreover, an report also states that the global mobile medical vehicles market is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028. The report also suggests that the demand for mobile medical clinics is increasing due to the rising geriatric population and the need for better access to healthcare services in remote areas.

Conclusion

In conclusion, both new and used mobile medical clinic vehicles have their advantages and disadvantages. It is essential to consider the healthcare needs of the community and the available budget before making a decision. With the increasing demand for mobile medical clinics, healthcare organizations must invest in these vehicles to provide better access to healthcare services for underserved and remote communities.

We can help you design, customize, and build a mobile clinic vehicle as per your suitability or you can select from our wide range of set-up and ready to use mobile clinic vehicles on sale/rent. To know more about mobile medical vehicles, please feel free to call us at +1 586 917 0245 or email us at sales@kbdentalconsulting.com.

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A Complete Guide on dental cone beam machines!

By Mobile Health Clinics USA | Date posted: September 22, 2022 | Last updated: May 31, 2023

A dental cone beam machine or dental cone beam computed tomography (CBCT) is special X-ray equipment that provides one single scan with 3D images of soft tissues, dental structures, bones, and nerve paths in the craniofacial region. It improves the ability to view, diagnose and provide appropriate treatment options to the patients. The most common application of the dental cone beam machine is to place dental implants in a patient.

How does dental cone beam imaging different from the traditional dental x-ray?

The traditional dental x-ray finds great application in cavity detection. On the contrary, the CBCT scan offers a complete view of your gums, teeth, soft tissue, and nerve pathways. Both serve different purposes and are still used in modern dentistry practice.

None of either can replace the other or have other alternatives, which is why they are an inseparable part of a dentist’s practice.

How does a CBCT machine work?

A CBCT machine scan gets you a detailed layered view to enable you to see your patient’s anatomy from different angles. It allows the doctor to get details of the areas that need attention and could not have been possibly viewed by a traditional orthopantomogram.

In this process, a cone beam CT projects an x-ray beam in the shape of the cone. This conical beam is moved around the patient in a circular motion to produce numerous images referred to as views. It creates a navigable 3-D picture of the patient’s dental structure. The multiple exposures allowed the dentist to perform a better diagnosis with detailed analysis, which is impossible in the case of a traditional 2-D X-ray machine.

How to choose the right CBCT machine for your practice?

Before you plan to settle on a CBCT machine for your dental practice, ensure that the following checklist aligns well with your choice.

Consider the space it will take up in your office.
Choose the smallest field of view unless you’re looking up to an ample amount of data for your sole interpretation.
The cost of the machine increases as the FOV increases. So, we recommend you choose a machine that fulfills your requirements and not the would-be and can be things on your list if you wish to stay on budget.
The increased competition in the market has caused the prices of CBCT machines to hit rock bottom. So, explore all the options from refurbished to new technologies in the market to make a wise decision in the end.
Choose a machine with CBCT software that has a small learning curve. It should be easy to learn and intuitive for dental professionals so that they can get started with it right away.

What are the best uses of a dental CBCT machine?

A dental CBCT machine finds use in many cases, with implant planning and endodontics at the top of the list.

In the process of implant planning, this machine offers a clear understanding of the bone structure of a patient. It shows a crystal-clear view of factors like bone density and thickness, unlike in OPG, which shows the placement of teeth structures. Dental professionals can prepare themselves better for the diagnosis and treatment of the patient with a CBCT machine by their side.

On the contrary, endodontics leverages a CBCT machine to reveal in-depth information, that can be retrieved from a typical periapical x-ray machine. It adds to the diagnostic confidence to make better treatment decisions.

Applications of a dental cone beam machine

A dental cone beam machine has various applications like

Trauma evaluation
Immediate advanced imaging and treatment
Paranasal sinus evaluation, endodontic evaluation
Impacted teeth related to orthodontics
TMJ visualization
Assistance And preparation for tooth extraction.
Dental implants placement
Tooth orientation determination
Jaw tumors detection and treatment
Temporomandibular joint disorder diagnosis
Cosmetic dentistry and reconstructive procedures planning

With a long list of applications, one must not underestimate the power of CBCT technology on dental imaging. It’s a great way to make accurate and rapid diagnoses so that better treatment options can be offered to the patient.

Advantages of dental cone beam machine imaging

The benefits of owning a dental cone beam machine in dental practice are impeccable. We have listed some of them below to paint a clear picture in your mind.

CBCT imaging is a fast method of diagnosis which is also non-invasive.
It offers accurate information and is a painless procedure.
It offers high image quality because of obsolete radiation scattering.
It is considerably smaller in size than conventional CT scan machine.
No radiation is left in your body after the scan is completed.
The dentist can evaluate a single scan from different angles and views for a better diagnosis.
The bone and soft tissue can be viewed simultaneously.
It offers much more information as compared to a conventional x-ray allowing thorough and targeted treatment planning.

Conclusion

The CBCT technology is the future of dental imaging and diagnosis that applies to all dental disciplines. The future beholds the scope of a greater number of dental offices Integrating it into their practice.

Experts believe that with more innovation and advancement in this technology, the scan time will further reduce, making the entire process lightning fast. So why not adopt this quick and painless way to assess mouth health and prepare for reconstructive and cosmetic dentistry improvements.

We offer Mobile Dental Vans or Trailers with CBCT (Cone Beam Computed Tomography) System. if you wish for some assistance from the experts, feel free to connect with us +1 586 917 0245 or email us at sales@kbdentalconsulting.com. Our experienced professionals will guide you through every obstacle that is stopping you from finding the best Mobile CBCT van for yourself.

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