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.

Events

Upcoming Events  |  CLN Workshops
A Day of Technical Exchanges
December 5 - 6, 2022

A Day of Technical Exchanges

A high value fly-in 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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What is the Second Year Impact of Inflation?
December 8, 2022

What is the Second Year Impact of Inflation?

With the economy now in its second year of inflation above 5.0%, the year over year inflation rate may seem to be moderating in the 8% range after the CPI peaked at 9.1% in June 2022 and the PPI peaked at 11.2% in March 2022; however, that understates the serious economic impact inflation has had on the cost structures of businesses from 2020 to 2022.

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North Central 2022 Fall Meeting
December 12, 2022

North Central 2022 Fall Meeting

The North Central Chapter is hosting its fall meeting on Monday, December 12, 2022, at the Saint Paul RiverCentre in St. Paul, MN.  We will be offering 6 hours of CPE!  Topics include How to Become a Person of Influence, Economic Outlook, 401(k) and Secure Act, Inflation Reduction Act, and Tax Update, as well as ESG for Cooperatives.  That evening we will attend the Minnesota Wild game as they take on the Edmonton Oilers. 

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Cooperative Ownership
December 15, 2022

Cooperative Ownership

Cooperatives are prevalent within the agriculture industry, however, other industries are now examining the cooperative business model. This session will explore the unique business and tax aspects of co-ops, as well as the benefits and challenges they bring.

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Developing a Value Creation Mindset
February 8, 2023

Developing a Value Creation Mindset

Every day, every interaction, presents an opportunity to add, or subtract, value! Be mindful of this reality because, over the long term, your ability to add value will be the key determinant of your success. This session will include practical advice, tips and suggestions on how you can “think like an owner” and consistently create value for your clients or employer.

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Happenings

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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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ESG and Cybersecurity Compliance Are Every Employee’s Concern

ESG and Cybersecurity Compliance Are Every Employee’s Concern

October 26, 2022

The following opinion piece was written by Wharton legal studies and business ethics lecturer Leeza Garber, Esq., and Allison Jegla, global director of impact at 100 Women in Finance. In late spring 2022, the Securities and Exchange Commission (SEC) charged an elite investment adviser for “misstatements and omissions” about Environmental, Social, and Governance (ESG) considerations related to its managed mutual funds. This same ...

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5 Tips to Help CFOs Become Better Negotiators

5 Tips to Help CFOs Become Better Negotiators

October 21, 2022

Here’s how to get better at negotiating both inside and outside the company. Sandra Beckwith, CFO.com, September 29, 2022 Ravi Narula (CFO of FinancialForce) recalls a particularly frustrating situation several years ago when closing a deal with a company in another country. The two parties had negotiated all terms. With no remaining questions or open items, they submitted the contract for legal review. During that two-week period, ...

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