Mission Statement
NSAC serves cooperatives by providing accounting, tax and business education uniquely tailored to professionals working for and with cooperatives; providing networking and professional development opportunities for members, prospective members and others supporting the cooperative sector; and participating in standard-setting and implementation processes enabling members to effectively apply those accounting standards.
Goals
- Providing a superior membership experience through continuing EDUCATION on timely topics, issues and relevant information.
- Rededicating an expanded list of RESOURCES nationally and throughout the chapters, in support of recruiting and retaining members.
- Developing increased opportunities for networking and professional CONNECTIONS within the membership and with focused outreach to those new to the profession, throughout the industry and within the experienced cooperative arena.
Recent Happenings
Revenue Planning During COVID-19 and Beyond
Introduction The pandemic has brought overall economic slowdown and changes in social patterns resulting from impacts due to the SARSCoV-2 virus (COVID-19). This is making it more difficult for electric cooperatives to project future revenue patterns, and challenging to forecast future financial outcomes. This article discusses trends in revenue forecasting for the electric utility industry, and offers some guidance in revenue projection and ...
More Information2021 Standard Mileage Rates Decrease
The optional standard mileage rates for business use of a vehicle will decrease once again in 2021 after increasing significantly in 2019, the IRS announced in Notice 2021-02. For business use of a car, van, pickup truck, or panel truck, the rate for 2021 will be 56 cents per mile after decreasing to 57.5 cents per mile in 2020, down from 58 cents per mile in 2019. Taxpayers can use the optional standard mileage rates to calculate the ...
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The Cooperative Accountant is Going Digital
NSAC's quarterly technical journal, The Cooperative Accountant, often referred to as the TCA, is going digital! Members will receive both the digital and printed versions of the winter 2020 edition, and the digital TCA will arrive through email and Connect thereafter. Watch below as Nick Mueting, NSAC President, and Bill Miller, NSAC Immediate Past President, discuss the new found benefits of the digital TCA.
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