Over the last few years, there has been a much-needed increase in awareness of accessibility for individuals with disabilities.
It's up to you as a business owner to do anything you can to help provide access to your services for everyone, whether in your office, shop or online.
As a small business owner, you're always looking for ways to save money and get ahead of the competition. You may be wondering if there are any tax credits available to help offset the cost of making your business more accessible. In this blog post, we'll discuss some of the most important things you need to know about accessibility and tax credits. Keep reading to learn more!
How To Improve Your Websites' Accessibility
Small business websites now must be accessible to everyone, including individuals with disabilities. Ways to improve onsite accessibility include making alterations such as installing ramps or additional Braille signs. Accessibility today extends further than onsite, and businesses must also ensure that their websites are compliant and meet ADA standards.
There are many ways that you can achieve ADA Website Compliance. It may be that all you need is simple improvements, such as options for increased font size and audio descriptions. Or perhaps a full-scale website redesign would be the best way to improve access to your business online.
Of course, it's always best to build a site with accessibility in mind. However, improving a website down the line is simple when you know how. Get Clear makes your website more accessible for all users, improving the user experience and making your site ADA compliant. We specialize in website design for accessibility, and our team has years of experience creating websites that are easy to use for everyone.
How To Claim Your Tax Credits
The ADA Compliance Tax Credit provides a significant incentive for businesses to increase accessibility. Suppose you are considering renovating or adding to your building or updating your business website. In that case, it's worth exploring whether this tax credit can help offset some of those expenses through financial relief from the IRS.
This tax relief is available for small businesses complying with the ADA, Section 44 of the IRS Code.
The tax credit is available to small businesses with a total revenue not exceeding $1 million in the previous tax year and 30 or fewer employees.
With this tax benefit, businesses can claim up to 50 percent of their expenses towards improving accessibility. It's valid for costs over $250 and up to $10,250 in a single tax year. For example, if a company spends $5000 on website design for improving accessibility, it can claim 50 percent over the cost of $250. This gives a tax credit of $2375.
To apply for these tax benefits, you must use IRS Form 8826.
What Else Affects Disabled Access Credit?
It's worth bearing in mind that there may be additional tax benefits offered to your business depending on where your business is based. Disabled Access Credit applies to federal tax only. With the help of a tax professional, you may find additional tax savings in your state.
How Get Clear Sites Helps Business Owners
When it comes to accessibility, many things impact your tax credit eligibility. The Disabled Access Credit can be a valuable way to offset costs for small businesses that want to improve the digital experience they offer to their disabled customers.
We have several packages to make sure our clients never have to worry about website accessibility with a website that is ADA compliant. Click here to learn more about your options.
We want to help you create an inclusive website experience. To find out more, contact us today to discuss your project needs.