If your business makes structural adaptations or other accommodations for employees or customers with disabilities, you may be eligible for federal tax breaks. For example, there’s a (non-refundable) disabled access tax credit for small businesses that have expenses for providing access to persons with disabilities. An eligible small business is one that earned $1 million or less or had no more than 30 full-time employees the previous year. There’s also an architectural barrier removal tax deduction. Businesses may claim a deduction of up to $15,000 a year for qualified expenses on items that normally must be capitalized. For more details: https://bit.ly/338VKZb
#business #entrepreneur #taxes #taxfirm #taxfirm

Making Sense of Tax Deductions for Greater Savings
Navigating tax deductions can seem tricky, but they offer a great way to save money. When you understand how deductions work, it becomes easier to manage them and lower your overall tax bill. Deductions reduce the amount of income subject to tax, which can lead to...
0 Comments