In this issue: Join us at conferences this spring, learn what America's debt load means for A/R professionals, first come first serve for tax season this year plus links from around the web!
Simon's Agency is proud to be a Diamond Sponsor for the Vermont MGMA and will be presenting a session called "Reaching New Heights With Your Accounts Receivable" at 1 pm on Thursday, May 2nd. The MGMA New England Regional Conference runs May 1st through May 3rd at Spruce Peak in Stowe, Vermont! Visit us at our booth to learn more about Simon's Debt Collection Services for Healthcare.
Simon's Agency will also be exhibiting at these conferences this spring:
NJ MGMA PMC (Tropicana, Atlantic City, NJ) – June 5-7, 2019
HFMA Annual Conference (Orange County Convention Center, Orlando, FL) – June 23-26, 2019
NY MGMA MPL Conference(Turning Stone Resort & Casino, Verona, NY) – June 27-28, 2019
Credit counselors and economists having been concerned about the debt load that Americans carry for many years but as the twenty-teens begin pushing into the twenty-twenties their concern is continuing to grow. So, what does this mean for billing and collections professionals?
The tax overhaul that took place last year has some consumers up in arms over their tax returns in 2019. Some of this can be traced to the loss of certain deductions but the main culprit seems to be that the IRS is making an effort to more closely match the amount withheld from paychecks with what is actually owed. So, while these same consumers had fatter paychecks over the last year, their tax returns are proving to be significantly lighter. In general, this is a good thing as the consumer isn’t allowing Uncle Sam to, in essence, use their money interest free for a year, but it is going to have an effect on tax season for the accounts receivable management (ARM) industry.
Simon's Agency, Inc. | 4963 Wintersweet Drive, Syracuse, NY 13088 | 315-454-8700
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