Welcome to the NSAC Website!
What Is NSAC? The National Society of Accountants for Cooperatives(NSAC) is comprised of professionals actively involved with the financial management and planning of cooperative business. NSAC strives to provide accounting, tax and business education uniquely tailored to cooperatives, supports cooperatives in business interests, and offers networking and professional developement opportunities.
What Members Say about NSAC
I am retiring at the end of the month and I will be staying in NSAC as a retired member. “It's been a good 30 years of active membership. I met lots of good people and received lots of valuable information. My replacement has already joined NSAC”.
RP (Ron Peterson) Minnesota.
NSAC's group-live, educational teleconferences uniquely tailored for cooperatives
Upcoming CLN Workshop(s):
Advanced A&A Seminar
February 17th, 2016
March 10th, 2016
March 23rd, 2016
Merger & Acquisition Issues for Coops
April 6th, 2016
April 14th, 2016
Grand Hyatt in Washington D.C.
Tax, Finance & Accounting
Conference for Cooperatives
NSAC + NRECA = Collaboration between Cooperatives
July 31 – August 3, 2016 | Washington, DC
An unparalleled education event in cooperation with the National Rural Electric Cooperative Association. The partnership between NSAC and NRECA means more learning opportunities and a chance to broaden the networks of co-op financial professionals.
FASB issues new financial instruments recognition and measurement standard
FASB issued a new standard designed to improve the recognition and measurement of financial instruments through targeted changes to existing GAAP.
IASB issues leases standard; FASB to follow
The International Accounting Standards Board (IASB) issued a much-anticipated new accounting standard.
Controversial charitable donation rules withdrawn
The IRS announced that it is withdrawing proposed regulations released last September that would have allowed charities to file information returns with the IRS and donors.
Dealing with IRS Tax Notices
Receiving a tax notice from the IRS or a state department of revenue may not be what you were hoping for in the day’s mail. But in many cases the notice can be resolved both quickly and painlessly.
The Tax Extenders in Detail
The Protecting Americans from Tax Hikes Act of 2015 extends a number of important tax breaks, and makes many of them permanent.
The Writing Is on the Wall
Accounting systems are moving to the cloud.