Use of the Emmi programs will manage patient expectations, reduce risk, save office time and now will save you money! According to the American with Disabilities Act (IRC§44), if you are a small business with less than 30 employees then the purchase of Emmi may be considered a qualified expenditure made to bring you into compliance with the ADA. The use of Emmi is an excellent supplemental tool for patients who are visually impaired (because of the audio soundtrack) or hearing impaired (because of the visual text, animations and illustrations).
In plain English, if you are eligible, you can receive a tax credit for nearly half of your cost of using Emmi. A tax credit is better than a tax deduction because a tax credit entitles you to subtract the amount of credit (dollar-for-dollar) from the total federal tax income bill whereas a tax deduction is only subtracted from your adjusted gross income prior to calculating your federal taxes.
According to the act, IRC§44 creates a Disabled Access Credit for an eligible small business that is an amount equal to 50 percent of the "Eligible access expenditures" for the taxable year that exceeds $250 but not more than $10,250.
Examples:
Based on a two physician practice:
Emmi purchase price = $3200
Minus $250 = $2950
Equal to 50% = $1475
Amount of Tax Credit = $1475
Based on an eight physician practice:
Emmi purchase price = $9,600
Minus $250 = $9,350
Equal to 50% = $4,675
Amount of Tax Credit = $4,675
Please consult with your tax advisor to determine if this ADA Tax Credit applies to you. If you would like to read more on ADA Tax Incentives, please visit http://www.ada.gov/taxpack.htm.