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NSAC Tax Committee: Qualified Payment Letter to IRS 12-20-2019
December 20, 2019CC:PA:LPD:PR (REG-118425-18)Room 5203Internal Revenue ServiceP.O. Box 7604Ben Franklin StationWashington, DC 20044  Dear Sirs and Madams: The National Society of Accountants for...
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How to Handle an Office Know-It-All
Know-it-alls get that title because they are usually right. They are smart and do their homework, and they are happy to flaunt their wisdom in front of anyone who will listen. They may act with an...
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Passwords Should Become a Thing of the Past. Here's Why
When the man who invented passwords says it’s time to move on, it probably is. Four years ago, Fernando Corbato, who invented the first computer password in the 1960s, said that passwords had...
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Want a Happy Employee? Give Them an Office
I know, I know. You just ordered a 50-foot, untreated walnut conference table, and you envision all of your employees filing into work each day, grabbing a seat at random, and coding away as part of...
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Independent Contractor or Employee? Varying Tests
It is not unusual to read news stories about companies being sued for classifying workers as independent contractors when they claim to be employees. Being designated an employee can have a profound...
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About NSAC

The National Society of Accountants for Cooperatives (NSAC) is a professional society, formed in 1936, comprised of approximately 1.500 individual members actively involved with the financial management and planning of cooperative business. NSAC members are either employed by a cooperative or provide professional services for cooperatives.

Serving Individual members and their respective organizations

  • Employees of cooperatives who are accountants, bookkeepers and office managers; controllers and tax directors; internal auditors and in-house legal staff, as well as CFOs and other finance professionals
  • Professionals advising and providing services to cooperatives such as independent auditors and CPAs, tax advisors and preparers, cooperative bank professionals, professionals working for law firms, government employees advising cooperatives and cooperative association employees

Providing

  • Continuing Educational Programming
  • Continuing Professional Education (CPE) credits Resources on Financial Reporting Programs for both Small and Large Cooperatives
  • A Directory of Other Cooperative Professionals
  • Networking Opportunities
  • A Quarterly Technical Journal

History
In 1935, auditors for the Northern States Cooperative League began holding meetings. Due to the success of these gatherings, they decided to form a national organization. NSAC Milestones:

1943 – Formally structures as an independent, nonprofit corporation
1948 – Begins publishing The Cooperative Accountant
1952 – Publishes first cooperative accounting report
1980 – Hires first professional manager1998 – Organizes nationwide Electric Cooperative Chapter
2001 – Begins actively participating in FASB projects that impact co-ops
2008 – Becomes industry leader in international accounting standards development
2011 – Celebrates 75th Anniversary at Annual Meeting in Orlando, FL