Latest News

How Safe Are Password Managers?
A password manager stores all your passwords and automatically fills them in your web browser and mobile apps. But is trusting an app with your passwords and storing them all in one place a smart...
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Lease Accounting: Keep Pushing Ahead
In February 2016, FASB issued new lease accounting requirements in Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842). Under its core principle, a lessee recognizes a right-of-use...
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3 Reasons CPAs Should Care About Blockchain
People’s perspectives on blockchain usually fall into two categories: You believe the technology will change everything, or you believe it’s a passing fad. The reality is probably somewhere in...
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IRS Increases Tax Deductions for 2020
The Internal Revenue Service issued its annual inflation adjustments for dozens of tax items and tax schedules Wednesday, saying the standard deduction for married taxpayers who file joint tax...
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Like-kind Exchanges and Personal Property
With the enactment of the legislation known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, like-kind exchanges are now limited to real property held for use in a trade or business or for...
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Mission Statement and Long Range Goals

Mission Statement
Serve 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.
  • Participating in standard-setting and implementation processes enabling members to effectively apply those accounting standards.

Goals

  • Goal #1 - Providing a superior membership experience through increased use of technology.
  • Goal #2 - Rededicating resources nationally and with the chapters, in support of recruiting and retaining members.
  • Goal #3 - Strengthening the NSAC brand by focused outreach to those new to the profession, industry and cooperatives.
  • Goal #4 - Developing increased opportunities for networking and professional connections within membership.