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Tax Credit Consulting: Americans with Disabilities Act Compliance Derby KS

Many small businesses complain when confronted with the expense of complying with the Americans with Disabilities Act. Most do not realize that there are a number of tax incentives available to offset the costs. Importantly, one tax incentive comes in the form of a tax credit, which is far more valuable than a tax deduction when it comes to creating tax savings.

Mr. Randy Yeisley (RFC®)
(316) 719-2900
PO Box 12797
Wichita, KS
Company
Freedom Advisory Group, Inc.
Qualifications
Education: Randy began his career in financial services in 2004 after a 20-year career in the telecommunications industry. After spending years accumulating his own nest egg, he realized he knew very little about protecting and growing his retirement assets. Randy
Years of Experience: 4
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Portfolio Management, Retirement Planning, Tax Returns, Seminars Work

Data Provided by:
Jackson Hewitt
(316) 681-3278
1712 N. Nelson Drive, Ste B
Derby, KS

Data Provided by:
MOORE'S TAX SERVICE
(316) 524-7677
1614 MILLS ST
WICHITA, KS
Prices and/or Promotions
$55.OO FED AND STATE

A-Ok Income Tax Serv
(316) 682-6242
1547 S Oliver St
Wichita, KS
 
A 1 Tax Service
(316) 264-0349
3555 E Douglas Ave Ste 50
Wichita, KS
 
Mrs. Angela L. Tejeda (RFC®), MBA
(316) 721-5191
8307 W. 34th St. N
Wichita, KS
Company
Tejeda Financial / Money Concepts
Qualifications
Education: BA - PsychologyMBA
Years of Experience: 10
Membership
IARFC, FPA, SFSP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection, BuySell, LiabCover, Compensation Plans

Data Provided by:
Flexible Income Tax Services - FITS!
(316) 304-1132
264 Village Lake
Derby, KS
 
Accounting Plus
FAX316-462-0886
P O Box 187
Haysville, KS
 
Liberty Tax Service
(866) 871-1040
1111 S Rock Rd
Wichita, KS

Data Provided by:
Neighborhood Income Tax Service
(316) 684-5380
1625 S Rock Rd Ste 123
Wichita, KS
 
Data Provided by:

Tax Credit Consulting: Americans with Disabilities Act Compliance

Small Business Tax Credit - Americans with Disabilities Act

Many small businesses complain when confronted with the expense of complying with the Americans with Disabilities Act. Most do not realize that there are a number of tax incentives available to offset the costs. Importantly, one tax incentive comes in the form of a tax credit, which is far more valuable than a tax deduction when it comes to creating tax savings.

Disable Access Tax Credit

If you make your small business accessible to persons with disabilities, you can take an annual tax credit. Your business is eligible if you earned one million or less the previous year or had 30 or fewer employees. If you meet this test, you can claim a tax credit of 50 percent of your expenditures to a maximum of $5,000. Since this is a tax credit, it is deducted from your total tax liability.

To claim this tax credit your expenditures must be paid or incurred to enable your business to comply with the Americans with Disabilities Act. Expenditures might include:

  • Purchase of adaptive equipment or modification of equipment;
  • Production of print materials in alternate formats such as Braille or audio; and
  • Sign language interpreters for employees or customers.

Modifications to buildings or offices also qualify as long as two criteria are met. First, the modifications cannot be construction of something new. Second, the building must have been in service prior to November 5, 1990.

All businesses can take a tax deduction for expenditures incurred to remove physical, structural or transportation barriers for disabled individuals in the work place. This tax deduction carries no restrictions in regard to revenues earned or number of employees. Businesses may claim up to $15,000 a year as a tax deduction. Expenditure amounts exceeding this amount may also be claimed, but are subject to depreciation calculations.

To claim the barrier removal tax deduction, your expenditures must be related to making a facility or...

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