DENTAL ECONOMICS 101: BUY A MOBILE DENTAL CLINIC
Mobile Dental Clinics for Sale by Odulair: Odulair is the leading designer & manufacturer of modular and mobile dental clinics for temporary and permanent dental care applications.
Here’s the tough reality today: the percentage of dentists who own their practices has significantly decreased from 84.7% in 2005 down to 76.1% in 2019. That’s over an 8% contraction in 14 years. In 2005, 63.1% of dentists worked alone in private practice, compared to 50.3% in 2019. No matter the data, it seems the landscape is not looking favorable to the independent dental practitioner.
Now, the good news: Mobile Dental Clinic by Odulair can help balance the playing field. With low maintenance, low operational costs, low overhead costs, and favorable tax incentives, Mobile Dental Vans by Odulair provide more than enough evidence why a Sprinter Van is the dream solution for a one-chair dental clinic.
The users of an Odulair Mobile Dental Clinic will benefit from a spacious interior environment, comfortable, well-lit, safe, perfectly insulated, and fully loaded with top-of-the-line dental equipment and cabinetry.
It’s easy to remember why it makes financial sense and works: a fully equipped mobile dental clinic can be purchased at a fraction of the cost of fitting and equipping a comparable brick and mortar structure in a property you own. In addition, Section 179 of the tax code is designed with businesses in mind it puts forward that almost all types of business equipment that a company buys or finances may qualify for the Section 179 deduction. Subject to yearly changes, check with your tax advisor as Section 179 normally accepts mobile clinic vehicles as business equipment. For 2021, Odulair Mobile Dental Clinic receives a 5-year depreciation schedule compared to 30 years schedule for a fixed brick-and-mortar dental clinic.
MOBILE DENTAL CLINIC TAX INCENTIVES: IRS SECTION 179
All businesses eventually need to renovate, replace or acquire new equipment, be it machinery, computers, software, office furniture, vehicles, or other tangible goods. IRS Section 179 is a permanent tax law designed to lower the true cost of ownership on your business equipment purchase while encouraging the purchasing and/or leasing of equipment as an investment in the modernization of the business’ core infrastructure. IRS Section 179 allows smaller businesses to immediately write off the full price of qualifying asset purchases rather than depreciating them over several years. Under IRS Section 179, a taxpayer may expense up to $1,040,000 for qualified equipment in 2020 (amounts will be indexed for inflation in future years). The rules are designed for small companies, so the $1,040,000 deduction phases out when a business purchases more than $2,590,000 in one year. Companies cannot write off more than their taxable income. Section 179 applies to new and used equipment purchases but must be “new to the business”.