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.

Employee Retention Credits (ERC)
August 23, 2022

Employee Retention Credits (ERC)

A panel of experienced tax professionals from three prominent accounting firms will discuss the requirements and pitfalls in claiming Employee Retention Credits.  This seventy-five-minute session will focus on “essential businesses” such as many agricultural, grocery, and electric cooperatives.

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2022 NSAC Annual Report: The Perfect Connection
August 25, 2022

2022 NSAC Annual Report: The Perfect Connection

Tune into our Annual Report as we explore NSAC’s vision for the future. Members will hear from outgoing President Dave Antoni as he recaps NSAC’s accomplishments over the last year and welcomes our incoming President, Eric Krienert, as he discusses his hopes and goals for where NSAC is headed.

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A Day of Technical Exchanges
December 5 - 6, 2022

A Day of Technical Exchanges

A premier event encouraging peer networking and engagement with key influencers in working towards solutions for the emerging issues in the cooperative tax, accounting, and finance arena.

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Happenings

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Senate Passes Reconciliation Bill

August 9, 2022

Early Sunday morning (8/7/22), the Senate approved the Inflation Reduction Act of 2022 (H.R. 5376) by a 51-50 party-line vote, with Vice President Harris casting the tie-breaking vote. The House is expected to take up the measure later this week. The Senate considered dozens of amendments but only two were adopted, one amending the book minimum tax to prevent certain small and mid-sized businesses from being subject to the 15 percent minimum ...

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Key Tax Provisions in the Senate Reconciliation Bill

August 9, 2022

By a vote of 51 to 50, the U.S. Senate on Sunday passed a budget reconciliation bill, H.R. 5376, now known as the Inflation Reduction Act of 2022. The bill contains numerous tax provisions, including a 15% corporate minimum tax, expanded eligibility for premium tax credits, and numerous clean energy credits. The Senate vote, in which no Republicans joined the Senate's 48 Democrats and two Independents and with the resulting tie broken by Vice ...

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NSAC PRESENTS 2022 SILVER BOWL AWARD

NSAC PRESENTS 2022 SILVER BOWL AWARD

August 2, 2022

SAN ANTONIO, TEXAS, August 2, 2022—During the 2022 Tax, Finance & Accounting Conference for Cooperatives, NSAC presented its annual Silver Bowl Award to deserving recipient, Jeff Brandenburg, CPA. The Silver Bowl Award is the most prestigious award NSAC bestows to a member of the cooperative industry profession. This recognition is awarded by the Society’s Board of Directors to individuals who have distinguished themselves over ...

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Form 1099-PATR Will Become a “Continuous Use” Form

July 8, 2022

Form 1099-PATR, Taxable Distributions Received From Cooperatives, is going to join the group of 1099-series information returns which operate as “continuous use” forms because their design and content are not expected to change from year to year. Conversion from an annual form to a continuous-use form means that changes in the form aren’t anticipated to occur annually so the IRS would revise the form only if necessary to ...

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