What is NSAC's Cooperative Learning Network?
A NSAC Cooperative Learning Network is a live, interactive 60-minute conference presented over the telephone and over the Internet. You can attend from any location that has telephone and Internet access. You pay just one registration fee for as many participants as you wish at each call/log-in location.

Note that high-speed Internet access is not mandatory – the system works with dial-up but you must have separate connections for the audio and video portions. You may use cell phones for the audio if you have only one connection.

Who presents at one of these sessions?
Your Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. Conferences typically include a Q&A session; you can ask questions by phone or instant messaging options.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

Delivery Method: Group-Live.

CLN Policies
Refunds for CLNs are not provided. Registrants if unable to participate will be provided credit for a future CLN or may opt to be sent a copy of the CLN PODCast following the event. Note PODCasts are not eligible for CPE credit.

For more information regarding refund, complaint and/or CLN cancellation policies, please contact our offices at (937) 222-6707 or info@nsacoop.org.

What does my registration include?
Your registration includes long-distance charges for the audio portion and log-in to the video presentation. All handouts and presentation files are downloadable and may be printed out or saved to the participant's computer once they are logged in to the session meeting room. Sessions include one CPE Certificate of Attendance. Certificates for additional participants are $10.00 each.

Why NSAC Cooperative Learning Networks?

Fast.
No wasted time. Get right to the heart of the matter in a 60-minute session designed to easily fit into your busy schedule.

Convenient.
No airlines. No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk or conference room.

Easy.
A telephone and computer are all the equipment you need. Just dial in and log-in to the system. That's it.

Ideal for multiple attendees.
Use a speakerphone and projector and invite as many people as you want to participate - at no extra cost to you.

Affordable.
NSAC Cooperative Learning Networks are a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.

Cooperative Learning Network

Book vs Tax vs Hybrid Basis of Paying Patronage
Date: Tuesday, November 14, 2017
Time: 02:00 PM ET / 01:00 PM CT / 12:00 PM MT / 11:00 AM PT [Prevailing Time]
Presenter(s): Teresa (Teree) Castanias, Accountant - Tax ; Teresa Castanias CPA
Objective: This one (1) hour session will focus on the issues surrounding how a cooperative computes its patronage dividend.
Field of Study: Taxes
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group-Live

No advanced preparation or prerequisites are required for this course.

Course Description
A cooperative must return the profits of its patronage operations to the member/patrons based on the business done with the cooperative for the year. But how that income is computed (book, tax or hybrid) will create very different results. How the cooperative addresses this issue can have important financial and member relations implications.

Presenter Bio(s)
Teree Castanias has a tax consulting practice focused on cooperative issues and other business and individual tax matters. She retired from KPMG in September 2009 where she was the firms National Director for Technical Tax Services for Cooperatives and was responsible for providing tax consulting, compliance and tax provision services to Consumer and Industrial Markets, and Financial Services clients, including cooperatives and non-cooperative enterprises in food production, manufacturing, distribution and retail, rural electric and telephone, Farm Credit System agricultural lending, banking and financial services. Teree has had a broad range of experience with all types of cooperatives and non-cooperative businesses. Teree's professional accounting experience with KPMG spanned over 32 years and 29 years serving cooperatives as a focus area. Teree continues to provide consulting and litigation support services to all types of cooperatives in her own firm. Teree has recently joined with Baker Tilly Virchow & Krause LLP to focus on cooperative business, tax and accounting issues for the firm?s clients. Teree has substantial experience leading and coordinating tax engagements. She has served as lead tax partner with responsibility for planning, budgeting, execution, and delivery of federal and state tax work to many clients. She has also provided subject matter knowledge and guidance on cooperative issues in her role as National Director of Technical Tax Services for Cooperatives. She was instrumental in legislation beneficial to cooperatives on several occasions. Teree has also provided litigation support services to several clients, including cooperatives. Teree hosted KPMG's Annual Cooperative Tax Roundtable which is a popular conference for KPMG's cooperative clients each May. She is now leading the Baker Tilly Annual Cooperative Roundtable. Teree started and maintained KPMG's on-line publication "Tax News Flash" Cooperatives which summarizes current tax developments affecting cooperatives. Teree is a member of the Legal, Tax and Accounting Committee of the National Council of Farmer Cooperatives (NCFC), and past Chair of the LTA Committee. Teree is also the past Chairman and a member of the Tax Committee of the National Society of Accountants for Cooperatives (NSAC). Teree is also past board member of NSAC National board and Far Western Chapter. Teree is a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants. Teree is also a frequent speaker concerning tax issues related to cooperatives at annual meetings of the NCFC and NSAC. In addition, she is a periodic contributor of articles on current developments in cooperative taxation for the NSAC?s ?Cooperative Accountant? publication.

Registration

To register, click here.

All registration is done on-line. Include the name(s) of the session(s) for which you would like to register and the email address to which program information should be forwarded – the primary registrant. Log in details will be emailed to all primary registrants one day prior to each session.


Fees and Payment Procedures

  • The fee for each participant location is $56.00 for NSAC members and $70.00 for non-members. For sites with more than one participant, log in must be completed in the name of the key contact. A participant sign-in sheet will be sent in advance of all sessions and the names of actual participants can be changed or added at this point. Each log-in site includes one Certificate of Attendance for CPE purposes. Additional registrants may request a Certificate of Attendance for CPE purposes for $0.00 each for members and $0.00 each for non-members.
  • (Example: An NSAC member signs up for a 1 hour CLN and the registration has three total participants, two people other than the member that desire CPE. The fees would be $56.00 + $0 for a $56.00 total.)
  • Invoicing is available to NSAC member sites only. Non-members must pay in advance by check or by credit card. All payments will be made directly to NSAC.

Delivery System

  • All programs will be delivered using Adobe Connect. Participants may start logging in 20 minutes prior to start time. Participants must call the toll-free conference phone number to access the audio portion of the presentation. Participants’ phone lines are automatically muted upon connection to the call.
  • All participants should have Internet access (high speed access recommended but not required), a land-line based telephone and be in a private setting. For more than one participant per participant location, a quiet conference room with a large monitor/screen and speaker phone is suggested.
  • There will be assistance available to assist with procedural, downloading or connection issues 5 minutes prior to the start of the presentation.

System requirements to use Adobe Connect:
Adobe Connect only requires that you have an internet connection, a web browser, and Adobe Flash Player version 10.1 or greater to attend a webinar. Adobe Connect supports nearly any operating system including Windows, Macintosh, Linux and Solaris, as well as the most widely used browsers including Internet Explorer, Firefox, Safari, and Chrome.

Refund Policy

NSAC will not issue refunds for Cooperative Learning Networks. If a registrant is unable to participate in the Cooperative Learning Network and provides written notification (email message is acceptable) to the Society within 48 hours of the session, and if log in instructions have not been emailed to the registrant, NSAC staff will remove your name from the registration list and a charge should not incur.

Log Ins

Participants can log-into a session up to one half hour prior to the start time of the session. You may then download the day's presentation files from the download screen, print them out to follow along with the speaker. If you experience difficulty downloading please call our office immediately at 937-222-6707.  For those registrants who may experience difficulty logging in to the video portion of the Cooperative Learning Network session please connect to the audio portion for audio participation. The live-portion, which is the audio part of the presentation)is considered the portion required for CPE credit.

PODCasts:

A PODCast may be sent to the registrant that had difficulty logging into the session.  If this difficulty resulted in the registrant missing the CLN presentation entirely, please notify the NSAC office of this situation via email. 

Special arrangements may be made with the NSAC host regarding a PODCast substitute.  Note:  PODCasts are NOT available immediately following the conclusion of the presentation.

Additional Information

For more information regarding this series or administrative policies such as complaint and refund, please contact the NSAC National offices, 136 S. Keowee St., Dayton, OH 45402, 937-222-6707, email: info@nsacoop.org