General Article Archives
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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Bill Miller, Tax Partner at Bolinger, Segars, Gilbert & Moss, LLP presented with Silver Bowl Award
Portland, Oregon, July 25, 2023—At the 2023 Tax, Finance & Accounting Conference for Cooperatives (TFACC), Eric Krienert, National President for the National Society of Accountants for Cooperatives (NSAC), presented the esteemed Silver Bowl Award to Bill Miller, Tax Partner at Bolinger, Segars, Gilbert & Moss, LLP.
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Cooperatives: An Ownership Model for Digital Networks
Could a legal structure common to credit unions and rural utilities revitalize blockchain and help realize the web3 vision of a new digital world?Turbulence in the crypto and blockchain markets over the past year has shed light on a question that has received increasing attention: how web3 companies share ownership in digital networks, including through tokens. As the industry wrestles with this question, builders and investors should consider ...
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Patronage or Non-patronage? The Internal Revenue Service provides guidance on the determination of patronage for two rural telephone cooperatives.
During the first half of 2022, the Internal Revenue Service (the “Service”) released two private letter rulings (“PLRs” or a “PLR”) that addressed unique situations impacting rural telephone cooperatives. In the first PLR, the Service concluded that a portion of a gain realized by a consolidated corporate subsidiary of the cooperative could be excluded from consolidated gross income if properly allocated to ...
Read MoreUpskilling for Accountants
Originally published in The Cooperative Accountant, Winter 2021 Issue What is “upskilling”? Merriam-Webster (n.d.) defines “upskill” as a verb: transitive: to provide (someone, such as an employee) with more advanced skills through additional education and training intransitive: to acquire more advanced skills through additional education and ...
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