NSAC Happenings and Latest News
Cybersecurity Awareness for Finance Professionals in Cooperative Utilities
In today's digitally connected environment, cooperative utilities face increasing cybersecurity threats that can disrupt essential services, compromise sensitive data, and erode stakeholder trust. Finance professionals within these organizations occupy a pivotal role, managing high-value data and interfacing with digital systems that are often targets for malicious actors. Yet, cybersecurity awareness in finance teams sometimes can remain an ...
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Countdown: 2025 Tax Provisions Set to Expire
As 2025 comes to a close, several important federal tax provisions are scheduled to expire, creating so-called “tax cliffs” that could impact households, businesses, and the broader economy. Lawmakers face critical decisions about which policies to extend, modify, or allow to lapse. Key areas affected include healthcare subsidies, clean-energy incentives, business hiring credits, and more. Understanding these expirations is ...
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NSAC Announces Board of Directors for 2025-2026 Term
The National Society of Accountants for Cooperatives (NSAC) is pleased to announce the new Board of Directors for the 2025-2026 term. The Board of Directors aids in determining the culture, strategic focus, and overall direction of the NSAC. The Board supports NSAC’s mission of serving cooperatives by providing accounting, tax and business education uniquely tailored to professionals working for and with cooperatives; providing networking ...
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CAMT Developments
As part of the Inflation Reduction Act of 2022, Congress amended Section 55 to impose a new corporate alternative minimum tax (“CAMT”) based on the “adjusted financial statement income” (“AFSI”) of an “applicable corporation” for taxable years beginning after December 31, 2022. Cooperatives generally will not be subject to the CAMT for two reasons. First, the CAMT applies only to ...
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NSAC Congratulates 2025-2026 SCHOLARSHIP RECIPIENTS!
The NSAC would like to congratulate the scholarship recipients for the 2025-2026 academic school year! We're thrilled to announce that this year saw record number of entries from many talented individuals, making it an exceptionally competitive selection process. The Society is proud to commend these outstanding students for their remarkable academic achievements, and we're confident they'll reach new heights in their pursuit of ...
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