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Clay Worden of RSM US LLP Named Recipient of 2024 Silver Bowl Award by National Society of Accountants for Cooperatives
[Cincinnati, Ohio, February 27, 2024] - The National Society of Accountants for Cooperatives (NSAC) is proud to announce Clay Worden, Partner at RSM US LLP, as the distinguished recipient of the 2024 Silver Bowl Award. This esteemed accolade, the highest honor within the cooperative industry, recognizes individuals whose exceptional contributions have significantly enhanced the reputation and functionality of the cooperative sector. For nearly ...
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Federal Reserve Study: Remote Work Does Not Affect Productivity
Remote work has negligible effect on productivity, recent research from the Federal Reserve Bank of San Francisco found. In their introductory paragraph, the four researchers—John Fernald, Ethan Goode, Huiyu Li, and Brigid Meisenbacher—wrote, "An enduring consequence of the COVID-19 pandemic is a notable shift toward remote and hybrid work. This has raised questions regarding whether the shift had a significant effect on ...
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Employer tax credit crackdown could hit industry — if it passes
A bipartisan bill awaiting action in the Senate after easily passing the House would crack down on a troubled pandemic-era tax credit in a way that may affect financial advisors. The Tax Relief for American Families and Workers Act proposes to extend $78 billion in tax breaks and credits through expansions of the child tax credit; deductions for business depreciation, interest and research and development costs; and pulling back slightly on a ...
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Time Sensitive Alert: Re-Registering TCCs for 1099s
ALERT – TIME SENSITIVE: NSAC’s Tax Committee has learned that several taxpayers, who have historically filed their 1099s directly with the IRS via the FIRE system, have been caught off-guard by a new requirement. The key issue appears to be that Transmitter Codes issued before Sept 26, 2021 must have been re-registered in order to transmit 1099s in January of 2024. Below is an announcement from Thompson Reuters that ...
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NSAC Congratulates 2023-2024 SCHOLARSHIP RECIPIENTS!
The NSAC would like to congratulate the scholarship recipients for the 2023-2024 academic school year! We're thrilled to announce that this year saw an unprecedented number of entries, 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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