Let IRS with ADA Tax Credit and a lower insurance premium pay your bill!
We can make
sure your floors are Safe and OSHA Compliant with our Nano-Grip Anti-Slip Floor Treatment. Upon completion of your floors we will provide you a Certificate of OSHA Compliance which you will use
along with the IRS ADA Tax Form 8826 to receive a tax credit.
If you add the benefit of a lower liability insurance and workmen's comp, the end result is our service ends up costing you close to zero dollars while you can rest easy knowing your are OSHA
Compliant and better protected against Slip and Fall Law Suits.
can take advantage of two Federal tax incentives available to help cover costs of making access improvements for customers with disabilities.
• A tax
credit for small businesses who remove access barriers from their facilities, provide accessible services, or take other steps to improve accessibility for customers with
as risk to Slip and Fall Accidents.
• A tax
deduction for businesses of all sizes that remove access barriers in their facilities or vehicles.
A business that annually incurs eligible expenses to bring itself into compliance with the ADA may use these tax incentives every year. The incentives may be applied to a variety of expenditures;
however, they may not be applied to the costs of new construction. All barrier removal must comply with applicable Federal accessibility standards.
Small businesses with 30 or fewer employees or total revenues of $1 million or less can use the Disabled Access Credit (Internal Revenue Code, Section 44). Eligible small businesses may take a
credit of up to $5,000 (half of
eligible expenses up to $10,250, with no credit for the first $250) to offset their costs for access, including barrier removal from their facilities (e.g., widening a doorway, installing a
ramp), provision of accessibility services (e.g., sign language interpreters), provision of printed material in alternate formats (e.g., large-print, audio, Braille), and provision or modifi
cation of equipment.
Businesses of all sizes may take advantage of this tax deduction. Under Internal Revenue Code, Section 190, businesses can take a business expense deduction of up to $15,000 per year for costs of
removing barriers in facilities or vehicles.
Tax Incentives in Combination
These two incentives can be used together by eligible businesses if the expenditures qualify under both Sections 44 and 190. If a small business’ expenses exceed $10,250 for the maximum $5,000
tax credit, then the deduction equals the difference between the total spent and the amount of the credit claimed.
Tax Incentives Forms and Publications Visit the Internal Revenue Service website
at www.irs.gov or
call 800-829-3676 (voice); 800-829-4059 (TTY) to order the necessary business forms and publications: Form 8826 (Disabled Access Credit) and Publication
535 “Business Expenses” (tax deduction).