Ada Tax Solutions

MASTER YOUR MONEY FLOW

Your taxes are done, your growth is next.

Knowing what expenses are deductible can lower your business taxes.

Smart expenses. Lower taxes.

Need accounting and tax support without the hassle? ADA Tax Solutions makes sure all your tax and accounting needs are handled REMOTE, FAST, RELIABLE!

Your taxes done right.

Avoid unnecessary stress and costly penalties this tax season by steering clear of these 3 common mistakes to keep your finances on track.

Your NYC finances, simplified.

In a city where every square foot counts, your home office is valuable real estate. Did you know it can also provide a significant federal tax deduction? 

The Home Office Deduction allows qualifying freelancers and business owners to write off the business portion of their home expenses, including rent, insurance, utilities, and internet. Whether you use a spare room or just a corner of your apartment exclusively for your business, you could be saving thousands. 

Key ADA-Related Tax Benefits

Businesses can take advantage of two main tax benefits to offset their accessibility expenses. Knowing the difference between them can help you decide which is the best fit for your business.

1. The Disabled Access Credit

This is a tax credit designed specifically for small businesses. A tax credit is a dollar-for-dollar reduction of the tax you owe, making it one of the most powerful tax benefits available.

Who is eligible?

Businesses that had gross receipts of $1 million or less in the previous tax year.

Businesses with 30 or fewer full-time employees in the previous tax year.

How does it work?

The credit covers 50% of your eligible accessibility expenses.

It applies to expenses between $250 and $10,250, with a maximum credit of $5,000 per year.

This credit can be used for a wide range of costs, including:

Removing physical barriers (e.g., installing a ramp, widening a doorway).

Providing accessible formats (e.g., Braille, large print, audio tapes).

Hiring sign language interpreters or readers for employees or customers.

Making your website ADA compliant.

This is a powerful incentive that directly reduces your tax liability, making it more affordable to invest in accessibility.

2. The Architectural and Transportation Barrier Removal Deduction

This is a tax deduction available to businesses of all sizes, from small startups to large corporations. A tax deduction reduces your taxable income, which in turn lowers your overall tax bill.

Who is eligible?

Any business, regardless of size or revenue, can claim this deduction.

How does it work?

Businesses can deduct up to $15,000 per year for qualified expenses.

This deduction can be used for costs to remove architectural and transportation barriers, such as:

Modifying a building to be more accessible.

Removing curbs or steps.

Installing handrails and grab bars.

Can You Use Both? Yes, you can! Small businesses that qualify for both can use a combination of the credit and the deduction. This is particularly useful if your expenses exceed the $10,250 limit for the tax credit. The deduction would then apply to the portion of expenses that exceed the credit limit. For example, if you spend $20,000 on accessibility improvements, you could claim the $5,000 tax credit and then deduct the remaining $15,000.

In summary, ADA compliance isn't just a legal obligation—it's a smart business move that comes with valuable financial incentives.

Choosing Your Business Structure! 

Choosing the right business structure is one of the most critical decisions for an entrepreneur. Sole Proprietorship or LLC? The answer affects your personal liability, your tax obligations, and your ability to grow. 

As an NYC-based business, you have unique opportunities and challenges. We're here to help you navigate them. Let's work together to find the structure that best protects your assets and optimizes your tax strategy. 

Friendly reminder! ⏳ The final deadline to file your 2024 tax return (if you filed an extension) is October 15th!

Don't get hit with late-filing penalties. It's not too late to get professional help and file with confidence.

Simplify Your Tax Season.

Professional tax return filing for individuals and small businesses. We handle the details so you can file with confidence.

Services include:

Finance Data Prep & Review

Tax Saving Tips

Deadline Reminders