The National Society of Accountants for Cooperatives

The Cooperative Compass

Accounting, Tax, Finance and Business Education Uniquely Tailored to Cooperatives

The National Society of Accountants for Cooperatives (NSAC) is the only professional organization dedicated to providing education, resources and connections to professionals exclusively involved in the financial management and planning of cooperatives.

Joining the NSAC connects you with a vibrant network of professionals and industry experts in the cooperative sector, fostering collaboration and knowledge sharing. Members gain access to specialized education through events, webinars, and seminars tailored to cooperative tax, accounting, and finance. With resources like "The Cooperative Accountant" and CONNECT, our exclusive platform, NSAC supports your professional growth while keeping you informed on industry trends.

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Events

Upcoming Events  |  CLN Workshops
The Cooperative Compass
May 5 - 6, 2025

The Cooperative Compass

NSAC is excited to announce The Cooperative COMPASS - pointing accounting, tax, and finance professionals in the co-op industry towards an extraordinary educational and networking experience - taking place May 5-6, 2025 in vibrant Kansas City in cooperation with NSAC’s Mid-West Chapter. This unique conference is tailored specifically for professionals dedicated to the financial management and strategic planning of cooperatives. COMPASS ...

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Employee Ownership for Small Business Advisors and Accountants
April 24, 2025

Employee Ownership for Small Business Advisors and Accountants

The goal of this introductory course is to make an introduction to the many advantages of being informed and ready to recommend employee ownership exit options for their small business owner clients when appropriate.  This session is specifically tailored to accounting, tax, and lending professionals to provide a closer look on private company transitions and advisory support needed when business owners sell their business to their ...

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Artificial Intelligence in Accounting and Auditing
May 15, 2025

Artificial Intelligence in Accounting and Auditing

In the last few years, the buzzword "AI" has become more and more common. In this session, we'll learn what AI really is, how it can be used to make your life easier, what it's limitations are. We'll also take a look at how Gardiner + Company is utilizing AI-aided audit tools to empower it's audit teams and provide clients with better insights and analysis of the financial performance.

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Think Like a Hacker: Cybersecurity Update
June 3, 2025

Think Like a Hacker: Cybersecurity Update

Roman will walk through a plethora of necessary components of an accounting teams security planning including the latest information breach statistics and the specifics of how to minimize your organization’s greatest exposure: YOUR PERSONNEL. Security is consistently listed as one of the AICPA’s Top Technology concerns, but few organizations take it seriously until they have been impacted by a breach. Roman will walk through a variety of ...

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NSAC Atlantic Chapter 2025 Annual Meeting
June 8 - 10, 2025

NSAC Atlantic Chapter 2025 Annual Meeting

Save the date for the NSAC Atlantic Chapter 2025 Annual Meeting in the beautiful coastal city of Wilmington, North Carolina, June 8-10, 2025! This event is tailored for tax and accounting professionals in the cooperative industry, offering 10 hours of CPE credit to help you stay ahead of the latest trends, along with invaluable networking opportunities to connect with peers and industry leaders. Attendees will also enjoy a special outing to ...

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Happenings

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When a Small Cooperative Prevails in Litigation With the IRS, It May Be Entitled To Recover Some of Its Costs

When a Small Cooperative Prevails in Litigation With the IRS, It May Be Entitled To Recover Some of Its Costs

April 2, 2025

Under certain limited circumstances, a taxpayer that substantially prevails in a tax dispute with the IRS may be able to recover a portion of its administrative and legal expenses (including attorney’s fees). See, Section 7430 of the Internal Revenue Code. Taxpayers eligible for recovery include individuals whose net worth at the time the civil action was filed did not exceed $2 million. Relief is also available for unincorporated ...

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Proposed Regulations Update Guidance on Section 30C Alternative Fuel Vehicle Refueling Property Credit

Proposed Regulations Update Guidance on Section 30C Alternative Fuel Vehicle Refueling Property Credit

March 26, 2025

Internal Revenue Code (“Code”) Section 30C provides a credit for certain costs of qualified alternative fuel vehicle refueling property placed in service within low-income communities or non-urban census tracts. On September 19, 2024, the Internal Revenue Service (“Service”) published a proposed rule to provide additional guidance for the credit. Section 30C was enacted as part of the Energy Policy Act of 2005, and ...

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Loper Bright – Supreme Court Decision – Implications on Tax Regulations

Loper Bright – Supreme Court Decision – Implications on Tax Regulations

March 19, 2025

In the Spring 2024 column of TAXFAX, David Antoni, Christopher Hanna and Eric Krienert of Moss Adams authored Loper Bright Goes Up to Supreme Court and Implications for Federal Agency Regulations. The article provided an overview of Loper Bright Enterprises v. Raimondo, Case No. 22-451, certiorari granted (May 1, 2023), for which the Supreme Court heard oral arguments on January 17, 2024. The case set-up a challenge to overturn the Supreme ...

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Section 163(j) and Patronage Dividends Patrons Receive from Credit Cooperatives

Section 163(j) and Patronage Dividends Patrons Receive from Credit Cooperatives

February 28, 2025

The U.S. Department of Treasury (Treasury) and the Internal Revenue Service (IRS) provide taxpayers with an opportunity to suggest tax issues of general interest for which guidance would be helpful to taxpayers under a program called the Priority Guidance Plan. The National Council of Farmer Cooperatives (NCFC) sent a letter on May 30, 2024 recommending the issuance of guidance with respect to the treatment of patronage dividends received by a ...

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