A SURE STEP teatment is eligible for significant tax incentives (annually)!
IRS Incentive in complying with A.D.A. requirements:
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.
Form 8826.pdf
A.D.A. Fact Sheet.pdf
Some more importantant facts to consider;
According to the National Restaurant Association, slips and falls are the greatest source of general liability claims within the restaurant industry.-Busche,Linda "Slip and Fall Claims Lead the List of General Liability Insurance Claims." Restaurant Insurance Corp. 12/6/04 , CNA Slip and Fall Study, June 2007
"A majority of general liability claims reported by community banks involve slips and falls, and many could have been prevented if the bank had a strong loss prevention practices program."- Vic Stewman, VP, Chubb & Son, Banking sector manager for Chubb Specialty Insurance Falls and slips were the second most costly type of worker's compensation claim, averaging $20,228 in 2002-2003.- National Safety Council, Injury Facts 2005-2006
Falls accounted for 19.8% of all occupational injuries in 2006. (That's approximately 1 in 5 injuries.) - U.S. Department of Labor
The median days away from work due to falls was 9 days and 7 days for slips and trips without falling. - -U.S. Department of Labor For persons aged 65 and older, falls were the leading cause of death resulting from an injury. —National Safety Council, Injury Facts 2005-2006
For persons aged 75 and older, the mortality rate from falls was nearly six times as high. - National Safety Council, Injury Facts 2005-2006 Falls are also the leading cause of nonfatal injuries among the elderly. - National Safety Council, Injury Facts 2005-2006
In 2000, direct medical costs totaled $179 million for fatal falls and $19 billion for nonfatal fall injuries.- Steven JA, Corso PS, Finkelstein EA, Miller TR "The Costs of Fatal and Nonfatal Falls Among Older Adults", Injury Prevention 2006; 12:290-5 .