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.
Upcoming Events
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The Cooperative Compass
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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Employee Ownership for Small Business Advisors and Accountants
The goal of this introductory course is to make an introduction to the many advantages of being informed and ready to recommend employee ownership exit options for their small business owner clients when appropriate. This session is specifically tailored to accounting, tax, and lending professionals to provide a closer look on private company transitions and advisory support needed when business owners sell their business to their ...
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Artificial Intelligence in Accounting and Auditing
In the last few years, the buzzword "AI" has become more and more common. In this session, we'll learn what AI really is, how it can be used to make your life easier, what it's limitations are. We'll also take a look at how Gardiner + Company is utilizing AI-aided audit tools to empower it's audit teams and provide clients with better insights and analysis of the financial performance.
More InformationRecent Happenings
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Cheers to 90 Years! NSAC is Celebrating a Milestone!
The National Society of Accountants for Cooperatives is thrilled to celebrate its 90th Anniversary—a milestone marking nine decades of supporting professionals in cooperative financial management and planning while advancing the cooperative model. Since 1935, NSAC has been the go-to for industry-specific education, resources, and connections. We’re kicking off the celebration in style at COMPASS, where attendees, both virtual ...
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The User Fee for Letter Ruling Requests Is Increased Again
At the beginning of each year the IRS releases a revenue procedure detailing how to go about requesting a private letter ruling, closing agreement or determination letter. This year’s revenue procedure is Rev. Proc. 2025-1, 2025-01 IRB 1 (December 30, 2024). The annual revenue procedure has gradually expanded and now takes up 117 pages in the Internal Revenue Bulletin. For someone not familiar with the process of seeking private letter ...
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When a Small Cooperative Prevails in Litigation With the IRS, It May Be Entitled To Recover Some of Its Costs
Under certain limited circumstances, a taxpayer that substantially prevails in a tax dispute with the IRS may be able to recover a portion of its administrative and legal expenses (including attorney’s fees). See, Section 7430 of the Internal Revenue Code. Taxpayers eligible for recovery include individuals whose net worth at the time the civil action was filed did not exceed $2 million. Relief is also available for unincorporated ...
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