Benefits of Employing the Disabled

Hiring disabled employees is more than a mere ethical act, it can also mean big money in tax credits and deductions for small businesses.

Small businesses that employ disabled workers qualify for $7,400 in tax credit annually.  If the company improves facilities to make them more accessible for disabled employees there is a $15,000 tax deduction available.

Some businesses don’t have a choice about hiring disabled workers.  A new government mandate dictates that any business involved in a government contract over $10,000 is required to take affirmative action to hire the disabled.

According to the U.S. Bureau of Labor Statistics 70% of Americans with disabilities would like to work full-time, yet only around 21% do.  Employing the disabled not only alleviates this problem, but also can mean around $20,000 in tax benefits.

Advertisements

About BizTV

BizTV is the home for your business. Whether you're an entrepreneur, small business owner or just managing your family's assets, BizTV can help. Find the resources you need to manage your money, start your latest venture or grow your business. BizTV, It’s Your Biz!

Posted on November 8, 2011, in Uncategorized. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: