Maximizing Your 2019 Tax Credits and Deductions
With the end of 2019 right around the corner, have you thought about ways to maximize your tax credits? We can help!
Your new website may qualify for the ADA “Disabled Access Credit” and you can still receive those credits if you purchase your website by the end of the year.
According to the ADA:
To assist businesses with complying with the ADA, Section 44 of the IRS Code allows a tax credit for small businesses and Section 190 of the IRS Code allows a tax deduction for all businesses.
The tax credit is available to businesses that have total revenues of $1,000,000 or less in the previous tax year or 30 or fewer full-time employees. This credit can cover 50% of the eligible access expenditures in a year up to $10,250 (maximum credit of $5000). The tax credit can be used to offset the cost of undertaking barrier removal and alterations to improve accessibility; providing accessible formats such as Braille, large print and audio tape; making available a sign language interpreter or a reader for customers or employees, and for purchasing certain adaptive equipment.
The tax deduction is available to all businesses with a maximum deduction of $15,000 per year. The tax deduction can be claimed for expenses incurred in barrier removal and alterations.
How does my website qualify?
Our software has the ability to convert your site to the “Accessible Version” so people with different needs are able to access your website. It’s a simple switch that won’t cost you extra, but still gives you the ability to claim your credit.
We know many of our competitors have charged for the ability to add accessible mode, but we rolled it out as a part of your platform subscription. If you don’t qualify for the credit, or you are outside of the United States, we can still turn this setting on for you at no additional cost.
Are you sure my website counts?
If you’re concerned over whether your practice qualifies or you have additional questions, we’ve teamed up with Eric DeVriese, Dental CPA at RealTime CPAs. Eric has offered to review your IRS Form 8826 before you file so you can make sure you are taking advantage of your fullest credit.
In addition, Eric has also agreed to give a free tax consultation to existing GDW clients. Schedule your review today.
Additional tax deductions
You can also take advantage of further tax deductions by prepaying for services with GDW, including hosting and marketing services, for however many months you want to in 2020 or beyond. Please note, refunds are not available for pre-payment should you cancel during that prepayment period.
Contact your account manager or firstname.lastname@example.org to ask more about prepayment.