Serving credit professionals ...since 1899 |
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Monthly news & updates
FOR CREDIT AND FINANCE PROFESSIONALS
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Welcome to the February!
Opening comments from our President & CEO
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Upcoming Events
See what's happening this month...and beyond
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Industry Groups
NOTE: All Group meetings are being conducted online until the Coronavirus subsides. Hawaii Hospitality is on hiatus throughout COVID-19.
Puget Sound
Thursday, 2/11
11:30 Floor
Tuesday, 2/16
11:30 HVAC
Wednesday, 2/17
11:00 Tacoma Construction
1:00 Food
Thursday, 2/18
11:00 Eastside Construction
1:00 Wiring
Alaska
Wednesday, 2/17
1:00 (AKDT) Alaska Suppliers
Hawaii
Friday, 2/19
11:30 (HST) Hawaii Building
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CLICK ABOVE TO ASK
YOUR QUESTION
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Education and Events
Monthly Webinar (Free)
Bankruptcy; An upclose and personal view
Wednesday, February 10th
12:00 p.m. (11:00 AKT)
Online Seminar
The Future: Trends & Forecasts for the US and Global Economies
Thursday, February 25th - 12:00 p.m.
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Conferences - Save the dates
CreditScape - Virtual
April 28-30, 2010
Online
Southwest Business & Construction Credit Conference - Virtual
May 10-13, 2021
Online
NACM National Credit Congress
Kansas City
October 10-13. 2021
Virtual Plus
June 8-10, 2021
Holidays
Presidents Day, Monday 2/15
NACM BCS will be open
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PARTNERS IN PAYMENT PROCESSING |
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If you register for "5gen Workplace: Bridging Generational Gaps to Improve Teams", all proceeds from the class will be donated to DreamCatchers, a program that helps fulfill the final dreams of hospice patients. You receive our special discount and get to help support a special organization.
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NEW OFFERING!
Cash Flow Management
Training Institute
Learn how to improve your organization's financial health.
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Courses from CFMTI are the next best thing to a live seminar. Excellent speakers, course materials included, and all reasonably priced. Plus, you can take the classes at your leisure.
But, wait, there's more!
As a member and customer of NACM Business Credit Services, you receive an exclusive 50% discount on all programs!
Click on the button on the left to view the offerings. When you register and pay, you will see an option to submit a coupon code. Type in "FREE" and you will review the NACM BCS special half price. You're getting the discount because of your involvement with us, so take advantage of this special arrangement today!
Give CFMTI a try. We think you'll like it
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Exclusive: 50% Discount for members of NACM Business Credit Services. Just type in "NACMBCS50" at checkout.
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OUR FREE MONTHLY WEBINAR CONTINUES IN 2021 |
The fourth year of our monthly webinar series begins this month featuring mostly new presenters with new presentations. The webinars are free for members and customers of NACM Business Credit Services.
Take a look at the descriptions and register today!
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Presenter:
Erin Austin, CPA
Chief Financial Officer
Anchorage Daily News
Anchorage, AK
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Bankruptcy – An up close and personal view
Free Webinar
February 10 @ 12:00 PM - 1:00 PM
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Rarely do we have the opportunity to learn about bankruptcy from the perspective of someone who has been through the full cycle of a case. Our speaker will discuss the experience of participating in taking a company into bankruptcy, dealing with the legal aspects including selling the company, and then being hired to become the CFO of the new enterprise as it returns to full operations/profitability.
Join us for this unique perspective from one of our own members.
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Dr. Chris Kuehl
Managing Director
Armada Corporate Intelligence
Online Seminar
Thursday, February 25 @ 10:00 a.m. - 12:00 p.m. (PST)
Free for members
$25 for non-members
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The Future: Trends & Forecasts for the US and Global Economies
Thursday, February 25
10:00 a.m. - 12:00 p.m.
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Join our long-time friend and colleague, Dr. Chris Kuehl, for his look at trends in national and global economies, potential impact on our regions, and a view of the new Biden administration's policies
Chris is a popular addition to any conference and we are thrilled to have him join us.
The 90 minute seminar will be presented with any eye toward interaction with participants. You will have a chance to ask your questions and get Chris's feedback throughout each segment.
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Did you miss the most recent Monthly Webinar? Or our podcasts? |
If you have missed previous presentations, here's your chance for a re-do. Just click on the link below and you can watch or listen to several recent presentations. Best of all, they're all FREE! Just click below.
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Canada extends US cruise ship ban, scrubbing Alaska sailings until 2022.
Impact will be felt by NACM members in Washington and Alaska
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The Canadian government has extended its ban on U.S. cruise ships from entering Canadian waters until February 2022.
The move is another blow to the Seattle-based cruise sector, which includes several major operators that traverse Canadian waters and stop in Victoria, on Vancouver Island. Several NACM member companies supply food, beverages and other services to the cruise ships that call in Seattle from May to October.
This also impacts several of our Alaska members who struggled through the loss of the 2020 season. Click below for more:
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Canada bans cruise ships for another year, likely halting most of Alaska’s 2021 tourism season |
Most large cruise ships that visit Alaska are registered in foreign countries. American federal law prohibits foreign-registered ships from sailing between two American ports unless they stop at a foreign port in between. In order to fulfill that rule, large cruise ships bound for Alaska either start their voyages in Canada or stop in Canada en route.
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NACM BCS will be monitoring this story for continued impact on our members. If your company has ways we can help, please contact us. |
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Frontline workers - hazard pay; Seattle government fails |
The Seattle City Council’s decision to force big grocery store chains into paying $4 an hour coronavirus hazard pay is turning into a typical Seattle government story.
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Short-term rental operators moving out of Hawaii market |
The number of Hawaii properties listed as short-term vacation rentals has declined by as much as half, compared with last year, which is likely the result of the pandemic and new restrictions on the industry.
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Towns and businesses across Alaska brace for a second summer without cruise ship tourists |
“Just based on what I think now and what happened last year, it’s going to be devastating, not only for the Denali area, but for Alaska as a whole,”...
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Legislative Activity and Politics |
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The state legislatures are in session and actively considering a number of bills with potential impact on the business community. As always NACM BCS is monitoring several of them and is prepared to engage through our lobbyists on those bills relevant to our member companies. See below for more information on the bills we are following as well as other matters of concern. |
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Bills we are watching for you. For more information on any of them, click HERE and type in the bill number on the legislative web site:
The bill slashes the tax employers were set to pay in 2021 by $920 million. And it gets rid of calculations on future tax rates regarding the $1.2 billion in worker benefits given out during the stay-home period last spring at the outbreak of the virus.
The bill passed both the House and Senate with strong bipartisan majorities.
HB 1095 - Concerning the taxation of governmental financial assistance programs - Passed the House; now being considered by the Senate
A business and occupation tax, a public utilities tax, and a retail sales tax exemption is authorized for the value proceeding or accruing from a qualifying grant received on or after February 29, 2020.
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Alaska Senate approves remote voting for lawmakers if needed during pandemic |
The Alaska Senate passed a resolution Wednesday intended to allow for remote voting if necessary during the COVID-19 pandemic. Senate Rules Chair Gary Stevens, a Kodiak Republican, said the measure would provide another tool to allow for legislative work to continue.
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Even when business is good, pull those credit reports! |
If your business is doing well and you are swamped with orders, that's the best time to follow best practices and pull credit reports. This simple action can keep you out of trouble later when a customer may turn into a problem.
We can help you select the right report for your needs. Give us a call.
800-423-5710
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Get on top of delinquencies |
In addition to regular use of credit reports, history tells us that the sooner you deal with A/R issues, the better off your company will be.
Just as we've noted about trends in credit report use, we are also seeing a trend of letting delinquencies linger. The longer those past due bills are allowed to languish, the harder it will be to get paid.
There's as easy solution. Turn your A/R over to NACM BCS for Collections and we can help get you paid soon. Call us today!
800-423-5710
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Are you trying to fill a position? Use our Job Center! |
Take advantage of the Job Center at nacmbcs.org. If you're having trouble filling a position in your company, use this opportunity to reach a lot of people!
It's easy to post an opening. Just fill out the form. After that, the most viewed part of our website will get attention to your needs.
Best of all, it's a free service that comes with membership in NACM BCS.
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NACM Business Credit Services
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Serving commercial credit professionals.
Since 1899
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