Joining the National Society of Accountants for Cooperatives (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 a robust online platform, NSAC supports your professional growth while keeping you informed on industry trends.
Unlike any other, the 2025 Technical Exchange is here to immerse you in an extraordinary one-and-a-half-day fly-in event. Join us on January 27-28, 2025, and prepare to be part of something exceptional. Collaborate with top experts and peers within a small group setting. This facilitates intimate conversations centered around the challenges specific to your cooperative or the cooperatives you're engaged with. Walk away with actionable insights ...
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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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Join an expert panel from CLA for an in-depth discussion on Section 174 capitalization requirements. Designed specifically for cooperatives, this session will provide guidance on identifying and capturing Specified Research and Experimentation costs that must be capitalized. The presentation will feature clear, illustrative examples to enhance understanding and will also delve into opportunities for R&D tax credits and the latest legislative ...
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Join us for the NSAC 2025 Texas Chapter Conference, happening February 27-28 in beautiful Fredericksburg, TX! This event is designed specifically for cooperative tax and accounting professionals, offering expert-led educational sessions, the opportunity to earn valuable CPE credits, and the chance to network with peers and industry leaders in your local area. SCHEDULE (All times are CT)HOTELThe Inn on Barons Creek308 South Washington ...
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Want to know more about current and expected market conditions affecting agricultural co-ops? In this 60-minute zoom, Tanner Ehmke, Lead Economist with CoBank, will discuss the issues impacting the macroeconomy, agricultural commodity markets, and the agricultural economy with particular focus on inflation. Get an outlook on the agricultural commodity markets, including corn, wheat, soybeans, rice, cotton, hay, cattle, hogs, and dairy, and the ...
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NSAC joins the Main Street Employers Coalition and more than 230 trade associations supporting legislation to make the Section 199A deduction permanent. The Main Street Tax Certainty Act is set to be reintroduced by Senator Steve Daines (R-MT) and Representative Lloyd Smucker (R-PA). The deduction was enacted in 2017 to encourage job creation and new investment by private businesses. It also helps private companies compete with public ...
Investopedia defines ROI as “a ratio that measures the profitability of an investment by comparing the gain or loss to its cost” (Beattie, 2024, para. 1). Beattie goes on to point out that ROI is calculated by subtracting the initial cost of the investment from its final value, then dividing this new number by the cost of the investment, and finally, multiplying it by 100. This value is then represented as a percentage of ROI. ROI ...
As in the past, this year’s IRS Data Book provides some information as to tax returns (Form 1120-C) filed by Subchapter T cooperatives. The Data Book aggregates Form 1120-C returns with other Form 1120 returns in the information it provides regarding the number of returns filed for fiscal years 2022 and 2023. So, it does not reveal the number of cooperative returns filed in those years in tables showing returns filed. However, it does ...
The Board is issuing the amendments in this proposed Update to address stakeholders’ concerns about (1) the application of derivative accounting to contracts with features based on the operations or activities of one of the parties to the contract and (2) the diversity in accounting for a share-based payment from a customer that is consideration for the transfer of goods or services. The proposed amendments are expected to (a) reduce the ...