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.

2023 Tax, Finance & Accounting Conference for Cooperatives (TFACC)
July 23 - 26, 2023

2023 Tax, Finance & Accounting Conference for Cooperatives (TFACC)

SAVE THE DATE for the 2023 Tax, Finance & Accounting Conference for Cooperatives (TFACC), in Portland, Oregon, July 23-26. TFACC is the only conference uniquely tailored to providing education, resources and connections to professionals involved in the financial management and planning of cooperatives. This highly anticipated conference offers proven strategies, tools, and resources to help your co-op increase efficiencies, improve financial ...

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Hippie Co-ops? Expanding Your Co-op Expertise to Other Cooperative Niches
February 21, 2023

Hippie Co-ops? Expanding Your Co-op Expertise to Other Cooperative Niches

Explore Consumer, Housing, and Worker Co-ops co-op types and more, and learn to recognize what they have in common with other co-ops, as well as explain the differences. Our goal is to help identify and create additional business opportunities for cooperative accountants to expand their scope and offerings.

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NSAC Far Western Chapter Annual Conference
June 7 - 9, 2023

NSAC Far Western Chapter Annual Conference

SAVE THE DATEPlease join us on June 7-9 as the Far Western Chapter brings the magic of Vegas to its Annual Conference. You've hit the jackpot with this conference! Expand your professional network by connecting with peers and leaders in the cooperative tax, finance and accounting arena, while growing your knowledge through a robust agenda of technical sessions and timely topics.Additional details coming soon.BOOK YOUR HOTEL NOW!Caesars Palace ...

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NSAC Atlantic Chapter Annual Conference
June 11 - 13, 2023

NSAC Atlantic Chapter Annual Conference

Save the Date for the NSAC Atlantic Chapter Conference on June 11-13, 2023 in breathtaking Portland, Maine.  The conference is always a highlight of the year and offers a chance to network and collaborate with your peers, and take away an abundance of resources and tools to help you succeed in the cooperative accounting, tax, and finance industry. More details coming soon. Book your Hotel now, as the summer dates fill up fast!

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Happenings

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Cooperatives: An Ownership Model for Digital Networks

Cooperatives: An Ownership Model for Digital Networks

January 17, 2023

Could a legal structure common to credit unions and rural utilities revitalize blockchain and help realize the web3 vision of a new digital world?Turbulence in the crypto and blockchain markets over the past year has shed light on a question that has received increasing attention: how web3 companies share ownership in digital networks, including through tokens. As the industry wrestles with this question, builders and investors should consider ...

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NSAC Highlight from 2022

NSAC Highlight from 2022

December 29, 2022

NSAC, the only professional organization dedicated to providing education, resources and connections to professionals involved in the financial management and planning of cooperatives, takes a look back at the highlights from 2022. We would like to thank the members and friends of NSAC for a successful year!

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Patronage or Non-patronage? The Internal Revenue Service provides guidance on the determination of patronage for two rural telephone cooperatives.

Patronage or Non-patronage? The Internal Revenue Service provides guidance on the determination of patronage for two rural telephone cooperatives.

December 2, 2022

During the first half of 2022, the Internal Revenue Service (the “Service”) released two private letter rulings (“PLRs” or a “PLR”) that addressed unique situations impacting rural telephone cooperatives. In the first PLR, the Service concluded that a portion of a gain realized by a consolidated corporate subsidiary of the cooperative could be excluded from consolidated gross income if properly allocated to ...

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Treasury Moves Forward with Database on Corporate Ownership

October 31, 2022

WASHINGTON (AP) — Tens of millions of small U.S. companies will be required to provide the government with details on their owners and others who benefit from them under a regulation finalized Thursday that’s intended to peel back the layers of ownership that can hide unlawfully obtained assets. The Treasury Department said it was moving to create a database that will contain personal information on the owners of at least 32 million ...

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