Congratulations for taking the first steps to make sure WOTC compliance is a top priority- for you and for your qualified employees.
On September 19, 2022, the Internal Revenue Service issued IR-2022-159 providing updated information on the Work Opportunity Tax Credit (WOTC) pre-screening and certification process, including the timing of applicant screening.
Failing to properly screen and appropriately complete form 8850 could result in IRS audits, putting your business at risk for not receiving WOTC tax credits for which you may otherwise be eligible.
Employers that take advantage of WOTC can offset costs during a time of rising inflation and competitive pressure. WOTC also helps individuals who have traditionally faced employment barriers get into the workforce successfully, and in turn supports economic growth in local communities.
Discover how you can maximize WOTC tax credits for which you may be eligible.
