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
Senate Passes Reconciliation Bill
Early Sunday morning (8/7/22), the Senate approved the Inflation Reduction Act of 2022 (H.R. 5376) by a 51-50 party-line vote, with Vice President Harris casting the tie-breaking vote. The House is expected to take up the measure later this week. The Senate considered dozens of amendments but only two were adopted, one amending the book minimum tax to prevent certain small and mid-sized businesses from being subject to the 15 percent minimum ...
More InformationKey Tax Provisions in the Senate Reconciliation Bill
By a vote of 51 to 50, the U.S. Senate on Sunday passed a budget reconciliation bill, H.R. 5376, now known as the Inflation Reduction Act of 2022. The bill contains numerous tax provisions, including a 15% corporate minimum tax, expanded eligibility for premium tax credits, and numerous clean energy credits. The Senate vote, in which no Republicans joined the Senate's 48 Democrats and two Independents and with the resulting tie broken by Vice ...
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NSAC PRESENTS 2022 SILVER BOWL AWARD
SAN ANTONIO, TEXAS, August 2, 2022—During the 2022 Tax, Finance & Accounting Conference for Cooperatives, NSAC presented its annual Silver Bowl Award to deserving recipient, Jeff Brandenburg, CPA. The Silver Bowl Award is the most prestigious award NSAC bestows to a member of the cooperative industry profession. This recognition is awarded by the Society’s Board of Directors to individuals who have distinguished themselves over ...
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