Commercial Collection Agencies of America
The Association with a framework of unparalleled strength ~
the four pillars featured in our logo represent our members'
experience, expertise, ethics and education!
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The organization that benefits its members and their clients while upholding professionalism in the credit and collection industry.
The only collection agency association which is a Platinum Partner of the Credit Research Foundation and whose certification is endorsed as an industry standard by CRF.
The only collection agency association in which ALL agency members are certfied.
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Save the Date!
Annual Conference
October 19-22, 2022
Registration
Opens This Month!
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Delray Beach, Florida
An oceanfront South Florida paradise filled with restaurants, nightlife, boutiques and more!
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Beachfront Location!
The Opal Grand, CCA of A's "home away from home" is a haven of luxury and comfort, with new restaurants and bars, a relaxing spa and gorgeous pool for all to enjoy!
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Education!
BEST PRACTICES IN SERVICING YOUR AGENCY CLIENT-
Expectations, Ethics, Efficiency & Data Protection
NACHA-UPDATE ON ELECTRONIC FUNDS
FROM THE CREDITORS’ PERSPETIVE
SUBCHAPTER V BANKRUPTCY
SAFETY IN THE WORKPLACE
CREDIT CARD PROCESSING
INFLATION:
How Are Collection Agencies and Law Firms Affected?
LEGISLATION AND REGULATION
HIDDEN QUESTIONS-OPEN ANSWERS
Plus!
NEW FORMATS FOR OUR OPEN FORUMS!
OPEN FORUM: OPEN UP! -At the beginning of conference
OPEN FORUM: RECAP - At the end of conference
Agencies!
Please be reminded that your agency can fulfill it's annual continuing education requirement by attending the annual conference.
Attorneys!
Remember to list which states you wish to earn CLEs
when registering!
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Don't Miss It!
Reserve early for your
"Spot on the Yacht" ~
an unforgettable, relaxing and fun evening aboard a private luxurious yacht with fellow members!
Wednesday,
October 19, 2022
Evening on the Yacht!
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Frequent and Fun Networking!
Evening on the Yacht
Thursday Mid-Day Networking
Thursday Lunch
Welcome Reception & Dinner
Famous Triadic Tournament
Friday Evening Cocktail Party
Friday Night Beach Party
Committee Meetings
Golfing, Fishing, Tennis, Spa Day
Saturday Evening Cocktails & Dinner
and...
Two NFL Outings!
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Plan from Now! Are You Ready For Some Football?
Especially if you are from Minnesota or Pittsburgh or a
Miami Dolphins fan!
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Sunday, October 16, 2022
Come to Florida early! Join fellow members for a fun-filled Sunday afternoon when the Dolphins face
the Minnesota Vikings.
Tickets include premium level seating, a pre-game tailgate party and fun with colleagues! Transportation to/from the game is included!
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Sunday, October 23, 2022
Don't go home quite yet! Stay in Florida after the conference to see the Dolphins take on the Pittsburgh Steelers!
Nothing like Sunday night football-an evening of premium level seating, a pre-garme tailgate party and fun with colleagues! Transportation to/from the game is included!
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An integral part of CCA of A's mission and Annual Conference~
Commercial Collection Agencies of America Gives Back
The Association's charitable initiative
Commercial Collection Agencies of America Gives Back
donates proceeds from each conference to a charitable organization
chosen by the members.
To suggest a charity, email:
awaggoner@commercialcollectionagenciesofamerica.com
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Sponsorship is a great way to support CCA of A and
SPOTLIGHT your firm!
Hands down, CCA of A is the industry group which features its sponsors most effectively and values its partners the most!
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Check Out the Sponsorship Program!
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Thank You
to our
Valued
Vendor
Partners!
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Gold
Buchbinder
Datamatx
ezPay365
REPAY
Bronze
International Sureties
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Wish to become a Vendor Partner?
Members: Have a Vendor to Recommend?
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EMPLOYEE RETENTION CREDIT
Lukasz Hausner, CPA | Partner
Buchbinder Tunick & Company LLP
Qualified employers with payroll can claim Employee Retention Credit (ERC) for the entire 2020 and the first three quarters of 2021. The credit is fully refundable and is subject to income tax.
Employee Retention Credit for 2020
For 2020, ERC can be claimed from March 12 to December 31, and the tax credit is 50% of up to $10,000 in qualified wages paid by an eligible employer for all quarters. The employer’s business was fully or partially suspended due to governmental order, or the employer has a significant decline in gross receipts to be eligible for the credit. The employer is considered to have a significant decline in gross receipts for the period beginning with the first calendar quarter in 2020, for which its gross receipts are less than 50 percent of gross receipts from the same calendar quarter in 2019 and ending with the earlier of January 1, 2021, or the first calendar quarter after the quarter for which gross receipts are greater than 80 percent of gross receipts for the same calendar quarter in 2019.
Qualified wages include the eligible employer’s qualified health plan expenses that are properly allocable to the wages. The eligible employer can claim the ERC on qualified wages that are not counted as payroll costs in obtaining PPP loan forgiveness. Any wages that could count toward eligibility for the ERC or PPP loan forgiveness can be applied to either of these two programs, but not both.
There are other restrictions on determining qualified wages if the employer has in excess of 100 employees.
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Employee Retention Credit for 2021
For wages paid Jan. 1, 2021, through Sept. 30, 2021, the credit increases to 70% of qualified wages, but the $10,000 maximum per employee is considered for each quarter (so the maximum credit is $7,000 per quarter or $21,000 for three quarters) rather than annually.
The threshold for the determination of a small employer versus a large employer was raised to 500 full-time employees. For the 2021 ERC, businesses must be impacted by forced closures or quarantines or have seen more than a 20% drop in gross receipts in the quarter compared to the same quarter in 2019. As an alternative to qualifying for the ERC in Q1 of 2021, instead of comparing 2019 Q1 to 2021 Q1, you can make an election to compare 2019 Q4 to 2020 Q4. For the second quarter, you have the option of comparing 2019 Q2 to 2021 Q2 or 2019 Q1 to 2021 Q1.
As mentioned in regards 2020 ERC qualification, the eligible employer can claim the ERC on any qualified wages that are not counted as payroll costs in obtaining PPP loan forgiveness
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Minnesota Approves Permanent Work From Home |
In May, the Senate and House in Minnesota approved permanent "work from home", becoming the first state to allow an employee from a licensed collection agency to work from a location other than the licensee's business location.
One of the reasons this development is important is that Minnesota is often on the forefront in rule-making for collection agencies.
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How to Unplug and Take a Real Vacation |
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"With travel opening up, the option to plan a vacation is becoming more and more appealing - even if you're just booking an Airbnb in the next state over or mapping out a short road trip."
"Disconnecting for some time away may feel counterproductive; however, it's crucial for your health and well-being to do so! Find out how to unplug while keeping your business humming."
Read this article from The Hartford about how to get away, the benefits of time off and how to manage while you are enjoying unpluging!
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The Season for Conferences |
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The Association held its Semi-Annual Conference in April 2022 at the Wild Horse Pass Resort in Phoenix, Arizona. Outstanding education and networking were vibrant components of the conference.
Members attended informative sessions on collection of state taxes, creative recruiting, how Reg F affects commercial collections, and how the credit discipline has changed, receivable performance and metrics across customer sample sets, as well as other pertinent topics.
Networking was in full swing from receptions, meals and of course...
The Triadic Tournament did not diappoint! The Country Fair welcomed teams competing for the brand new Triadic Cup! Congratulations to the Orange Tream! See pictures on the Association website.
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In June, CCA of A exhibited at NACM's Credit Congress. A record number of booth visitors particpated in the Association's challenge to meet all exhibiting agency members.
Each booth visitor received a complete roster of certfied agencies as well as valuable statistical analyses and promotional materials.
The pinnacle of the event was the grand raffle held on Tuesday, when credit grantors joined with
agency representatives at the Association booth to network and strike a pose!
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Credit Research Foundation will host its Forum and Expo in Louisville in August. The Association looks forward to exhibting and attending a full compliment of educational and training sessions.
CRF's Expo is the largest gathering of service providers for the credit and A/R community.
As a Platinum Partner of CRF,
CCA of A attends its three conferences each year, along with member agencies.
In addition to the Forums and Expo, CCA of A supplies trend analyses and articles to CRF's community of credit practitioners.
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"Looking Ahead Y'all"
The Meeting Site Selection Committee and the Board of Directors is elated to announce the the Semi-Annual Conference of
Commercial Collection Agencies of America will be held in
Charleston, South Carolina
April 20-23, 2023
Mark Your Calendars Now for some CCA of A Southern Hospitality!
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Committees
Make It Work!
Are you interested in participating in one of Commercial Collection Agencies of America's committees?
Committees meet virtually a few times per year and are a
vital part of the Association's progress!
Plus...it is a great way to network!
Choose from the following committees:
Membership
Legislative
Future Leaders in Collections (FLIC)
Meeting Site Selection
Vendor Management
Operating Guidelines
Triadic
Marketing
Email: awaggoner@commercialcollectionagenciesofamerica.com
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FLIC
Future Leaders in Collections
Does your firm have a future leader on staff? Consider nominating that person to participate in CCA of A's FLIC Committee.
A great networking outlet, as well as a collaborative group, the Future Leaders meet virtually and in person to produce and present educational sessions, attend webinars and network!
Involvement is an employee benefit that you can give to an outstanding future leader in your firm for no cost at all!
Click below to provide your superstar with the benefit of meeting fellow
collectional professionals.
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Agencies!
Please remember to take just four minutes to complete the survey sent to your agency.
Please see the emails to you on June 24, 2022 or July 6, 2022 for the link which will lead you directly to the
brief survey.
Your participation will allow CCA of A to continue to supply trend analyses regarding placement and collectability of past due accounts to the credit practitioner community.
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Members!
to access the Association's resources, reports and statistical analyses!
Credit Grantors!
CCA of A publishes the most timely, useful industry data for your use with your team, your company's C suite and your sales/client developments teams.
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Certify Your Collectors!
at the
Commercial Collection Training Institute
CCTI offers a cutting-edge, cost-effective training solution to your agency, law firm or credit and
collectios departments!
The Association's online training
is the most comprehensive
in the industry and has graduated
over 550 collectors!
Three Courses Now Available:
Senior Collector
Senior Collector Refresher
Credit Grantor
Courses are available
online, 24/7 and will ensure a more educated collection practitioner!
Members:
Credit Grantors:
Access course information and
click below to register:
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Certification Counts!
That is why ALL of our agency members are certified for the protection of creditor grantors.
Each agency EARNS the above logo!
Commercial Collection Agencies of America is the ONLY collection industry association in which ALL agency members are certified.
Click here to learn why:
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Connect with Commercial Collection Agencies of America on LinkedIn |
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