IRS Tax Incentives for Your Business
We can make sure your floors are Safe and OSHA Compliant with our Nano-Grip Anti-Slip Floor Treatment and help to eliminate slip and fall accidents. Upon completion 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. The end result is our service ends up costing you zero dollars while you can rest easy knowing your are OSHA Compliant and better protected against Slip and Fall Lawsuits.
Businesses 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 disabilities such 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).
Click on form above to download the tax form