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
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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NSAC 2025 Texas Chapter Conference
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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Credit Complications in Agriculture: Tricks, Traps, and Best Practices of Getting Paid
Join us on March 5, 2025, for a 60-Minute Zoom exploring the complexities of agricultural liens, UCC provisions, and contract issues that impact payment rights and responsibilities. This session will provide overview of unique agricultural lien structures, critical UCC considerations, and key contract terms that can either safeguard or jeopardize payment in agricultural transactions.
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Digital literacy: a Must-Have For Accountants
The role of an accountant has been evolving significantly over the last several years and will continue to be notably impacted by continuously emerging technology solutions. The days when accountants were predominantly number-crunchers and those that put together financial reports are dwindling, if not all together gone. Traditional accounting tasks have been streamlined or eliminated with the introduction of multiple technological solutions.
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NSAC Support of Section 199 A Permanence
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 ...
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Accounting and Tax Guidance for Crypto Assets
In December 2023, the FASB issued Accounting Standards Update (ASU) 2023-08, entitled Accounting for and Disclosure of Crypto Assets. The provisions in ASU 2023-08 add Accounting Standards Codification (ASC) Subtopic 350-60, entitled Intangibles—Goodwill and Other—Crypto Assets to the accounting technical literature. This guidance applies to all entities that hold crypto assets that meet certain criteria. The provisions of ASU ...
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