General Article Archives
Open the Door to Opportunity with an NSAC Scholarship!
NSAC Scholarship Application open. Do you know a graduating high school senior or a current college student who’s excited about business, accounting, or finance? This is their chance to turn ambition into opportunity!
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The Case for a Co-op Mutualist Fund: Why Co-ops Should Fund Themselves
Future federal funding for co-op development, which was always small, is at risk. But co-ops have resources. Here’s how co-ops could self-finance their own development. Cooperatives are a vital tool to build collective wealth; meet social, economic, cultural, and ecological needs; and boost local power. Yet federal support for cooperative small business development is extremely limited. For example, in fiscal year 2024 alone, the US Small ...
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FASB ISSUES Accounting Standards Update 2025-06 INTANGIBLES-GOODWILL and OTHER-INTERNAL USE SOFTWARE (Subtopic 350-40) – Targeted Improvements to the Accounting for Internal-Use Software - September 2025
Why Is the FASB Issuing This Accounting Standards Update? The Board is issuing this Update to modernize the accounting for software costs that are accounted for under Subtopic 350-40, Intangibles—Goodwill and Other—Internal-Use Software (referred to as “internal-use software”). Feedback from preparer and practitioner stakeholders on the 2021 FASB Invitation to Comment, Agenda Consultation, indicated that the ...
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Balancing Mission and Modernization: The Future-Ready Finance Function in Electric Cooperatives
The financial landscape across all sectors is undergoing transformative change, driven by digital acceleration, workforce shifts, regulatory complexity, and the growing expectation for finance leaders to act not only as stewards of capital but also as strategic catalysts of organizational transformation. Deloitte’s 2026 Finance Trends Report (2025) identifies five emerging dynamics that are reshaping global finance functions: enhanced ...
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IRS Issues FAQs on New Overtime Deduction for Tax Professionals and Co-op Employers
The IRS and the Department of the Treasury have released guidance to help taxpayers and employers understand the new qualified overtime compensation deduction under the One, Big, Beautiful Bill (Pub. L. No. 119‑21). Individuals may deduct the portion of overtime pay that exceeds their regular rate of pay, generally the “half” portion of time‑and‑a‑half, for tax years 2025 through 2028. Fact Sheet 2026‑01, summarized in ...
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