Welcome

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

What Members Say about NSAC
I am retiring at the end of the month and I will be staying in NSAC as a retired member. "It's been a good 30 years of active membership. I met lots of good people and received lots of valuable information. My replacement has already joined NSAC".
RP (Ron Peterson) Minnesota.
 
Upcoming Events


NSAC Cooperative Learning Network
NSAC's group-live, educational teleconferences uniquely tailored for cooperatives
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Upcoming CLN Workshop(s):
The Golden Egg of Internal Fraud Prevention
October 24th, 2019
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Let's Talk About Those Difficult and Critical Conversations
November 7th, 2019
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What Does Your Bench Strength Look Like?
November 26th, 2019
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Beyond the Munchies
December 2nd, 2019
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Current Cooperative Tax Developments
December 19th, 2019
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Latest News

Operating vs. Finance Leases: The Impact of the New Standard
The clock is ticking on the countdown to the implementation of the new lease accounting standard for private companies. According to reports from the Securities and Exchange Commission and the U.S....
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Hidden in Plain Sight: Accounting for Embedded Leases
FASB’s new lease accounting standard is having a significant effect on a broad range of balance sheets for all types of entities, with some companies reporting financial obligations of billions of...
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Unclaimed Property Audit Fallacies and Myths
Despite the strong economy and their fuller coffers, states across the nation continue to take an aggressive approach in administering their unclaimed property statutes. Illinois, for example, has...
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IRS Finalizes Rules for 100% Depreciation Deduction
The Internal Revenue Service and the Treasury Department released the final regulations for the new 100 percent additional first year depreciation deduction included as part of the Tax Cuts and Jobs...
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IRS Updates Per Diem Rates for Lodging and Meal Expenses When Traveling
The Internal Revenue Service issued new per diem rates for business travelers to use for lodging, meals and incidental expenses, effective Oct. 1, 2019. Notice 2019-55 provides the annual update to...
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