Accounting, tax, finance and business education uniquely tailored to cooperatives.

The National Society of Accountants for Cooperatives

The only professional organization dedicated to providing education, resources and connections to professionals exclusively involved in the financial management and planning of cooperatives.

The National Society of Accountants for Cooperatives (NSAC) is comprised of professionals actively involved with the financial management and planning of cooperatives. The Society strives to provide accounting, tax, finance and business education uniquely tailored to cooperatives, supports cooperatives in business interests, and offers networking and professional development opportunities and connections.

2024 Tax, Finance & Accounting Conference for Cooperatives (TFACC)
July 28 - 31, 2024

2024 Tax, Finance & Accounting Conference for Cooperatives (TFACC)

Mark your calendars for the upcoming Tax, Finance & Accounting Conference for Cooperatives (TFACC) taking place in Orlando, Florida from July 28 to July 31, 2024. This is the must-attend event specially designed for professionals involved in the financial management and planning of cooperatives. TFACC stands out as the only conference that provides tailored education, resources, and networking opportunities in this field. Anticipate an ...

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AI/ChatGPT 101: Introduction to AI
March 19, 2024

AI/ChatGPT 101: Introduction to AI

Generative Artificial Intelligence, and in particular Open.AI’s ChatGPT permeated business and technology headlines over the past 18 months and its impact on business is only increasing. This program will provide an explanation of why the AI Revolution is happening now and why generative AI is different than the “augmented intelligence” tools already being utilized by accounting professionals. This introductory session will ...

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Internal Fraud Prevention and Detection: Incorporating AI into the Internal Control Process
March 26, 2024

Internal Fraud Prevention and Detection: Incorporating AI into the Internal Control Process

Artificial Intelligence (AI) can be an ominous and misunderstood term. Rather than the threat of job replacement, AI should be viewed as a useful set of tools to augment the human function within sound internal controls processes. This session introduces the ways that AI can be incorporated now to not only prevent, but detect internal fraud, and thus strengthen the organization’s overall anti-fraud program structure.At the conclusion of ...

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Harnessing the Power of Stress
April 4, 2024

Harnessing the Power of Stress

In a crazy busy world, it’s easy to get caught up in the idea that stress belongs here, no matter its impact on us. But it doesn’t have to be this way. Learn to transform old views of stress as doom and gloom and see how the protective effects of good stress helps you meet the challenges you face.

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Are You Sabotaging Your Internal Controls? The Theory, Science and Practice for Designing Effective Internal Controls.
April 10, 2024

Are You Sabotaging Your Internal Controls? The Theory, Science and Practice for Designing Effective Internal Controls.

Discover how you may inadvertently undermine your internal controls in this 60-minute Zoom. Beverly Ross, Vice President of Internal Audit at CFC, will examine the theory, science, and practical aspects of internal controls and how leadership styles and expectations support or sabotage the internal control process. Through interactive discussions, case studies, and practical exercises, participants will gain the knowledge and skills necessary to ...

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Clay Worden of RSM US LLP Named Recipient of 2024 Silver Bowl Award by National Society of Accountants for Cooperatives

Clay Worden of RSM US LLP Named Recipient of 2024 Silver Bowl Award by National Society of Accountants for Cooperatives

March 5, 2024

[Cincinnati, Ohio, February 27, 2024] - The National Society of Accountants for Cooperatives (NSAC) is proud to announce Clay Worden, Partner at RSM US LLP, as the distinguished recipient of the 2024 Silver Bowl Award. This esteemed accolade, the highest honor within the cooperative industry, recognizes individuals whose exceptional contributions have significantly enhanced the reputation and functionality of the cooperative sector. For nearly ...

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Federal Reserve Study: Remote Work Does Not Affect Productivity

Federal Reserve Study: Remote Work Does Not Affect Productivity

February 12, 2024

Remote work has negligible effect on productivity, recent research from the Federal Reserve Bank of San Francisco found. In their introductory paragraph, the four researchers—John Fernald, Ethan Goode, Huiyu Li, and Brigid Meisenbacher—wrote, "An enduring consequence of the COVID-19 pandemic is a notable shift toward remote and hybrid work. This has raised questions regarding whether the shift had a significant effect on ...

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Employer tax credit crackdown could hit industry — if it passes

Employer tax credit crackdown could hit industry — if it passes

February 12, 2024

A bipartisan bill awaiting action in the Senate after easily passing the House would crack down on a troubled pandemic-era tax credit in a way that may affect financial advisors. The Tax Relief for American Families and Workers Act proposes to extend $78 billion in tax breaks and credits through expansions of the child tax credit; deductions for business depreciation, interest and research and development costs; and pulling back slightly on a ...

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Time Sensitive Alert: Re-Registering TCCs for 1099s

Time Sensitive Alert: Re-Registering TCCs for 1099s

January 17, 2024

ALERT – TIME SENSITIVE:  NSAC’s Tax Committee has learned that several taxpayers, who have historically filed their 1099s directly with the IRS via the FIRE system, have been caught off-guard by a new requirement.  The key issue appears to be that Transmitter Codes issued before Sept 26, 2021 must have been re-registered in order to transmit 1099s in January of 2024.  Below is an announcement from Thompson Reuters that ...

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