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Treasury and IRS Unveil New Form W-4 For 2020
The Treasury said it doesn’t expect to make further changes to the redesign beyond some minor updates for inflation adjustments.     The redesigned Form W-4 employs a building block approach...
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Could the Next Sin Tax Fall on Red Meat?
Meat could be a target for higher taxes given criticism of the industry’s role in climate change, deforestation and animal cruelty, according to a report by Fitch Solutions Macro Research.   The...
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FASB Proposes Delays in 3 Key Effective Dates
Certain financial statement preparers would receive the benefit of effective date delays in FASB’s accounting standards for leases, hedging, and credit losses under a proposal the board...
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FASB Proposes Standard for Distinguishing Liabilities From Equity
The Financial Accounting Standards Board released a proposed accounting standards update with the goal of enhancing the guidance for financial instruments with the characteristics of liabilities...
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FASB Proposes Changes for Financial Instruments, Equity Method Investments
The Financial Accounting Standards Board is aiming to clarify the interaction between two of its accounting standards: the standard on recognition and measurement of financial instruments and the...
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The National Society of Accountants for Cooperatives (NSAC) is a professional society, formed in 1936, comprised of approximately1,500individual 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. They include, but are not limited to, accountants, chief financial officers, auditors, bookkeepers, chief executive officers, attorneys, bankers, tax professionals and other finance and accounting employees of cooperatives.

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