Serving credit professionals ...since 1899 |
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I won $3 million in the lottery this weekend so I decided to donate a quarter of it to charity. Now I have $2,999,999.75. - Anonymous
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WA STATE LONG TERM CARE TAX |
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What you need to know about the Washington State
Long Term Care Program
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Did you know a new payroll tax associated with Long Term Care will go into effect on January 1st, 2022? We reached out to a local insurance broker, Pilkey Hopping & Ekberg to find out exactly what you need to know.
- The payroll tax is 0.58% and has no cap on the amount of earnings
- You can opt-out of the tax ONLY if you have a qualified long term care insurance policy in place by Nov 1, 2021, or EARLIER
- If you have a policy, you can apply for exemption from October 1, 2021, to December 31, 2022
- You will be required to submit the exemption letter to your employer to avoid the tax
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So, should you consider paying the tax or investing in a Long Term Care plan? |
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Consider how much tax you will pay and how many years before you retire.
If the tax is more than purchasing a policy or you are closing in on retirement (no more tax), then you may choose to pay the tax.
Do you expect income to go up in the future?
The higher your income, the more tax you pay, but your benefit doesn’t go up. There is a certain point where purchasing a personal LTC policy will provide you with more benefits than paying the tax.
Does your health allow you to get a private long-term-care policy?
Check and see! They are getting harder to get because chronic illnesses are an indicator of needing care in later years.
Is having funds to cover care beyond $36,500 important to you?
If the tax is cheaper, having better benefits may still be worth the extra dollars you will pay. Nursing homes in WA State are averaging $8000 per month. The average stay in a nursing home is hovering around 3 years.
Is having a policy to take with you wherever you go important?
If you leave the state, you lose the benefits. Paying a little more if you plan to move may be worth it.
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We are excited to spotlight Sheila Humphries this month! Aside from being a Customer Care Rep at NACMBCS, Sheila has a unique and interesting background.
Sheila grew up in the Wyoming/Montana area and spent several years in the aviation industry. She even has her commercial pilot's license and loves to fly! 🛩 After leaving aviation, Sheila became a heavy equipment mechanic and worked in the construction industry for several years. 💪
A few years ago, Sheila moved to the #pnw where she loves to travel, ride her motorcycle, paddleboard and spend time with her two children and her four grandchildren.
What does Sheila love most about working at NACMBCS? The fun, family dynamic in the office and helping clients!
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Last month NACMBCS made a big move into our new office location in Burien! We are open and fully operational and loving our new space.
NACM Business Credit Services
2201 SW 152nd Street
Burien, WA 98166
Check out a few pictures below to see our brand new location!
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We would like to take a minute to thank all of the companies who were involved in helping us move. It was no easy feat and we couldn't have done it without them!
- Canyon Creek Cabinet Company
- Ferguson Enterprises
- FloForm Countertops
- Pacific Plumbing Supply Company
- Stoneway Electric Supply
- T & A Supply Company, Inc.
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Industry Groups
NOTE: All Group meetings are being conducted online until the Coronavirus subsides - unless otherwise noted.
Hawaii Hospitality is on hiatus throughout COVID-19.
Puget Sound
Thursday, 7/8
11:30 Floor
Thursday, 7/15
11:00 Eastside Construction
1:00 WS
Tuesday, 7/20
11:30 HVAC
Wednesday, 7/21
11:00 Tacoma Construction
1:00 Food
Alaska
Wednesday, 7/21
1:00 (AKDT) Alaska
Hawaii
Friday, 7/23
11:00 (HST) Hawaii Building
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Conferences - Save the Dates
*NEW DATE*
NACM 125th National Credit Congress
Kansas City, Missouri
October 10-13. 2021
NACM 126th National Credit Congress
Save the Date
June 5-8, 2022
Louisville, Kentucky
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PARTNERS IN CREDIT REPORTING |
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Carol Najera has been with Experian for 26+ years and currently leads the Experian’s Third-Party Risk Management team for North America (NA). She has responsibility for ensuring risk management and oversight of Experian’s Third Parties for NA and was heavily involved in the enhancement process for Experian’s Third-Party Risk Management Program from a global perspective.
She has worked in several business functional areas of Experian, such as sales and Internal Risk Management in North America. Carol has many years of experience in working with Experian’s customers and has had the opportunity to be a guest speaker at several events, such as the Experian’s Partnership Forum and Experian’s BIS Advisory Counsel.
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If you missed it, July 1st was International Joke Day... |
Sometimes you just need a good laugh! In case you missed it, July 1st was International Joke Day so we grabbed a few of our favorites and included them in this month's newsletter.
Do you have a favorite joke? We would love to hear it. Hit reply to this email and give us a good laugh!
And remember to keep it clean, folks!
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What country does not accept cash or credit cards?..........................The Czech Republic.
I don't know why my credit rate is so low.................Every time collectors call they say my payments have been outstanding.

If you're feeling depressed, try drinking a gallon of water before you go to sleep..............It'll give you a reason to get out of bed in the morning.
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America's workers are exhausted and burned out... |
Employers across the country, from Fortune 500 companies like PepsiCo and Verizon to boutique advertising firms and nonprofit organizations, are continuing pandemic benefits such as increased paid time off and child- or elder-care benefits as well as embracing flexible work schedules and remote work in recognition that a returning workforce is at high risk of burnout.
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Are you looking for new options for payment processing? Give our partners at UTA a call... |
Today, thousands of prominent companies and industry leaders rely on UTA as their payment solution provider. Participating industries include automotive, furniture, building materials, equipment, trucking, retail, manufacturing, and distribution. UTA helps companies in these industries with payment processing check guarantee services and credit card payment solutions -- providing a full range of customized financial services to fit any platform and integrated payment systems to make your transactions safer, faster and more price competitive. |
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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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