Spring has Sprung
News, Information and Commentary
May 2018
A few thoughts from
Jon Flora, President & CEO

Some "great" ideas from the City of Seattle

I t’s May. Longer days, more sun and Opening Day of Boating Season. It just doesn’t get much better in Seattle.
Our Annual Seminar is next week, on Monday, May 7. There is still time to register for what will be a great afternoon of education, networking, and CFDD Raffling. You will want to be part of the fun. See below to register.

Discussions of political issues are usually kept for early in the year when State Legislatures are in session.  Typically, NACM Business Credit Services only follows lien and collection laws. This month, however, we are tracking the Seattle City Council’s move toward levying a per employee tax on companies with annual gross revenue of over $20 million. The goal is to raise $75 million per year for homeless issues and affordable housing, effectively doubling what is already being spent with arguably limited results.

NACM has taken a position against the head tax for a number of reasons. I recently attended a community meeting with two City Councilmembers. Both were in favor of the new tax, viewing it as “progressive”. I’m not entirely sure what that term means anymore but one thing is for sure: Neither of the Councilmembers understood basic business principles. For example, they did not appear to understand that many companies with $20 million in gross revenue have only modest profit margins. That profit provides for employee pay raises, 401K contributions, and health care increases. Add on an employee head tax and many of our members will have to make hard decisions that run counter to the Council's belief that the tax is a " common sense solution."

A small contractor/developer noted during the meeting that Seattle's permit process makes it nearly impossible to build affordable housing in under five years. Effectively, the City will collect $75 million, annually, but not really accomplish anything for half a decade. The Councilmembers were uncomfortable with his question but ultimately agreed that some modification to the permitting process is needed. Don’t hold your breath.

The City of Seattle has shown an insatiable appetite for bloated budgets and a lack of accountability for their use of taxpayer money. In the coming months, the new waterfront tunnel will open, complete with new tolls. Then comes additional property taxes to help pay for the renovation of the entire waterfront. Property taxes, taxes on sugary drinks and more are already in play. There is a limit to what the business community – and our members – can and should tolerate in taxation. 

NACM’s request to the City Council is to be good stewards of the current tax dollars placed in their trust BEFORE asking for anymore.   If you’re a Seattle resident, please contact your Councilmember with a request to vote NO on the Employee Head Tax. They vote on May 14th. Click here for more information.

I look forward to seeing you at our May 7th Annual Seminar and Meeting. Have a great month.
Last Chance to Register
One of the benefits of NACM BCS membership is the FREE Annual Seminar. Other than parking, there is no cost to you for this program and lunch is included. Also, feel free to bring your colleagues, professional friends, or others who might be interested in joining NACM BCS. Take advantage of this opportunity to learn and build your professional network. Read on to learn more about what's in store for this year's session.
Agenda for May 7th
Registration opens at 10:30
Program begins at 11:00
It's full day of education to help you and your company.

  • Successfully Navigating, Negotiating and Resolving Account Disputes, with Dan Pharris -- Lasher Holzaphel Sperry & Eberson

  • Meet your Board leadership and help design NACM's future programs

  • Protecting data: What's ahead for us in credit, with Richard Rice -- Moss Adams

  • Protecting ourselves: Active Shooter Mitigation, with officers Ed Anderson & Leroy Outlaw - Seattle Police Dept.

  • Government Affairs Update, Featuring Mark Gjurasic, Public Affairs of Washington

We wrap up with the CFDD Chapters' Raffle to raise money for scholarships. Buy your tickets early and often!
Location, time and costs
One of the benefits of NACM BCS membership is the FREE Annual Seminar. Other than parking, there is no cost to you for this program. Lunch is included with the program.

We return to the Hilton Seattle Airport Hotel and Conference Center for this year's meeting. Registration begins at 10:30 a.m. with program beginning promptly at 11:00 a.m.

On-site parking is $10 for the day. Given our Puget Sound traffic, we always recommend carpooling, Also, Link Light Rail stops just a block away from the hotel.

IF YOU ARE COMING FROM OUT OF TOWN, please call us for hotel recommendations. We do not have a block reserved but we'll be glad to point you in the right direction.
NACM BCS member plays an important role in the Royal Wedding festivities
The tabloids are focused on what her dress will look like. But a member of NACM BCS has taken a much more important role in the royal nuptials. Harry & Meghan’s Windsor Knot — a pale ale made by Windsor & Eton Brewery in Windsor, England — includes Simcoe hops grown by Perrault Farms in Toppenish, Washington.

NACM BCS member, YCH Hops , the grower-owned hop supplier, announced the Yakima connection to the royal wedding in a recent news release. Regrettably, the ale won't be shipped to the Colonies, so we're out of luck! But, click below for more on the story.

Seattle City Council actively pursuing employee head tax
The City Council has released its proposal for an employee head tax intended to raise $75 million annually to deal with homelessness in Seattle. The tax will impact companies with $20 million or more in annual gross revenue. For more information, click below:


NOTE: NACM BCS is opposing this proposed tax on employees because of our concern for the negative impact it will have on several of our member companies. We urge Seattle residents to contact their Councilmembers to also oppose the tax.
Congratulations for 35 years
Linda McPherson, Data Coordination Manager for NACM BCS, is celebrating her 35th anniversary with our affiliate. We offer our congratulations to her along with our collective thanks for her service to NACM and our members. If you would like to drop a note to her, just click on the link below:

We're hearing from many of you that it is time to do another Lein Seminar. That's great! Take a moment to tell us what you would like covered in a Lien Seminar. Click on the button below to give us your opinion.

The first five respondents receive five FREE tickets for the CFDD Raffle at the Annual Seminar. Must be present to win.
How changes to consumer tax lien data impact commercial profiles and scores
Check out the following YouTube video from Experian about how the changes by the major reporting agencies will impact commercial credit profiles and scores.

Click the following link:

Volatility on the rise
As the prospect of escalating international trade wars, rising interest rates, and increasing political instability continue to impact investor confidence, economic growth shows few signs of slowing in the near term.

NACM partner, Moss Adams, offers a look at 2018's first quarter and some emerging opportunities.

California Court changes the game for independent contractor status
The California Supreme Court issued a ruling yesterday that changes the standard to determine whether workers are classified as independent contractors or employees for wage and hour purposes. The same standard may be adopted for other types of employment law claims. Hundreds of thousands of California employers that engage independent contractors must reevaluate those classifications under the new standard embraced by the state’s high court yesterday.

If your company is operating in California, take a look at Dorsey Whitney's view on the new law.

What's wrong with low unemployment? Hawaii knows!
Are there downsides to a low unemployment rate? In Hawaii, which has the United States’ lowest jobless rate at a minuscule 2.1 percent, the answer is yes.

Click on the following article from The Garden Island newspaper on Kaua'i

Alaska boat and ship building poised for growth
The State of Alaska Division of Economic Development, in partnership with the University of Alaska Center for Economic Development, released the first in a series of reports examining several emerging economic sectors in Alaska. The report focuses on Alaska’s promising boat and ship building sector.
For more on this study and the focus on Alaska's tradition of building vessels, click below:

Solar panels on productive farmland a source of contention
The tough work of keeping a farm productive and profitable causes an Eastern Washington family to convert part of their hay field into a solar farm. Not everyone thinks this is a great idea.

Read more below:

Kaua'i wants tourists to help overcome flood damage
The island community is still cleaning up after recent floods and is encouraging tourists destined for Kaua'i to keep their travel plans intact. So, come on, people! Let's go to Hawaii!. Click below for more information from NACM member, the Seattle Times:

NACM BCS Annual Seminar

May 7, 2018
Hilton Seattle Airport Hotel and Conference Center
Presented by your affiliate:
NACM Business Credit Services

NACM National Credit Congress
It's time to start planning for NACM's National Credit Congress. Join the biggest conference of the year as we head for Phoenix June 10-13, 2018.

Three days of exemplary educational programs and networking with professional colleagues.

Be part of driving results for the credit profession. Come to Phoenix!

For more information about Credit Congress and to register, click below.

Kick Off Credit Congress right! Join us for the exclusive NACM BCS Member Party - atop the Hyatt Hotel
Be sure to join our affiliate's traditional Sunday night kick-off party at Congress. It's the only way to start off the biggest show of the year.

We have big plans to gather in the revolving lounge high atop the Hyatt Hotel in Phoenix. Plan to be part of this invitation-only introduction to the Valley of the Sun with our members and special friends.

Invitations are in the mail! Register today so you can receive one, too!
Industry Trade Groups
Puget Sound Area

May 8
11:30 a.m. Transportation - Duke's Chowderhouse

May 10
11:30 a.m. Floor - Duke's Chowderhouse

May 14
11:30 a.m. Ad Media - CBS-KSTW

May 15
11:30 a.m. HVAC - Duke's Chowderhouse

May 16
11:30 a.m. Food - Duke's Chowderhouse
11:30 a.m. Tacoma Construction - Johnny's Dock

May 17
11:30 a.m. Eastside Construction - 13 Coins, Bellevue
11:30 a.m. Wiriing - Duke's Chowderhouse


May 16  
12:00 p.m.  Alaska Suppliers & Food  - Doriola's


May 15
Hawaii Hospitality - Hilton Waikiki Beach Hotel

May 16
Hawaii Food - Waikiki Yacht Club

May 18
Hawaii Building - Waikiki Yacht Club

Upcoming Professional Programs
Online Webinars - Save the Dates!

May 9 - Trends in Credit Card Acceptance
12:00 - 1:00 p.m FREE - Registration Required

12:00-1:00 p.m. FREE - Registration Required

November 7 - Managing Stress in the Credit Department
12:00-1:00 p.m. FREE - Registration Required

Seminars & Conferences

May 7 - NACM BCS Annual Seminar & Meeting
Seattle, WA

June 10-13 - NACM National Credit Congress
Phoenix, AZ

October 10-12 - NACM Western Region Credit Conference
Salt Lake City, UT
Need help with credit card, check and payment processing, or surcharging?

Our partners at UTA and Vanitiv are ready to help you with special NACM rates and service.

To learn more and to arrange a personal visit, contact your NACM Account Executive or call our toll-free number

Best rates, best service, best partners,

Latest Job Opportunities
Looking for a job or trying to fill a position? Check out the Job Bank!

If you are needing to fill a position or are looking for a job, the NACM Job Bank is for you. It gets a lot of traffic and - best of all - it's a FREE service for our members! 

Serving the commercial credit profession since 1899
800-423-5710       www.nacmbcs.org