World Floor Covering Association (WFCA) has named Leyton, a global consultancy group specializing in tax credits, its exclusive partner for helping members navigate the CARES Act’s Employee Retention Credit (ERC). Leyton subject matter expert Sara Schlecht will be on-hand during a complimentary, one-hour webinar on Thursday, May 26, at 2 p.m. EST.
The webinar, “The Employee Retention Credit—How to Maximize the Latest Tax Benefit,” will be presented by WFCA CFO Steve Abernathy along with Schlecht. During the presentation, Abernathy will explain the scope of the credit, and the partnership between Leyton and the WFCA to assist members in both determining whether they qualify and completing the tedious application process.
ERC was created in response to the COVID-19 pandemic and its resulting economic shutdown. It incentivizes businesses with a refundable tax credit for maintaining their payroll during 2020 and 2021. Qualifying employers can claim up to $26,000 per employee. Employers who took PPP loans may be eligible.
The WFCA selected Leyton because of the group’s “dedicated focus on credits and recovery programs, teams of highly trained tax and technical specialists, and a fee structure that is user-friendly for businessowners,” according to the association.
“WFCA has always been committed to providing members with resources they need to enhance operations,” Abernathy noted. “The Employee Retention Tax Credit is one of the best relief programs still available to businesses, but it can be complicated and time-consuming. With this in mind, the WFCA partnered with Leyton to provide members with the help they need to qualify for up to $26,000 per W-2 employee—without the headache.”
Attendees can register for the webinar at https://wfca.org/content/profit-matters. It will also be recorded and posted to the website for those unable to join the live session, the WFCA said.