With The Disabled Tax Credit, Your Small Business Can Qualify Tax Savings
ADA compliance can be a significant financial burden for small businesses. The IRS has set certain tax credits that every small business can take advantage of to ease access to accessibility requirements. Basically, for any costs incurred to comply with the Americans With Disabilities Act of 1990, your business can claim the disabled access credit. To qualify, your business must:
- Have $1M or less in gross receipts for the preceding tax year OR
- Have no more than 30 full-time employees during the preceding tax year
How Do I File And What Counts Towards The Disabled Tax Credit?
We highly recommend that if you qualify to take advantage of the tax credit by filing Form 8826. If you’re not sure whether or not the costs incurred to your business will qualify for the disabled access credit the IRS laid out the following as qualifying eligible access expenditures:
- Removing barriers that prevent a business from being accessible to or usable by individuals with disabilities
- Providing qualified interpreters or other methods of making audio materials available to hearing-impaired individuals
- Providing qualified readers, taped texts, and other methods of making visual materials available to individuals with visual impairments
- Acquiring/modifying equipment or devices for individuals with disabilities
- https://www.irs.gov/pub/irs-pdf/f8826.pdf
Why Should Anyone Bother With The Tax Credit?
Well other than the obvious savings via the tax credit, ADA compliance is required for every business – digital included. It’s better to get ahead of sleuths looking to make a quick buck off any ADA violations found on your website and ensure your business is accessible to all. And with the disabled access credit, the cost of bringing your website in alignment with the most up to date WCAG standards has become even less of a burden.
Our organization – ADAWebmasters – will be more than happy to provide a free audit of your website to ensure your business is meeting all accessibility requirements.
You can save up to $5,000 on any accessibility related expenditures.
Some useful links below including Form 8826 direct from the IRS:
https://nyc-business.nyc.gov/nycbusiness/description/disabled-access-credit
https://www.irs.gov/forms-pubs/about-form-8826
https://adawebmasters.com/what-do-i-need-to-be-ada-compliant
