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
Explore Easy Ways to Lower Your Tax Bill This Year
Managing taxes may feel overwhelming, but with some smart strategies, you can lower your tax bill and keep more money in your pocket this year. By understanding how various tax deductions and credits work, you can reduce the taxes you owe effectively. Simple...
0 Comments