Uncategorized Article Archives - Page 2
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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 Webinar Series: Unwrap the One Big Beautiful Bill Act
With the recent passage and signing of the One Big Beautiful Bill Act, there are a lot of Individual and Business provisions to analyze. NSAC will be presenting a series of CLNs (our version of a webinar) during August to shed light on provisions that will impact NSAC's membership. The three CLNs are scheduled as follows: One Big Beautiful Bill: An Overview of Tax ProvisionsAugust 12, 2025Free for NSAC Members/ $56 ...
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A Look Back at COMPASS 2025
COMPASS 2025 brought together cooperative tax, accounting, and finance professionals from across the country for an engaging and impactful experience centered on education, innovation, and meaningful connection. Designed to “point” attendees toward professional growth and industry excellence, last year’s conference delivered on every front. Relive the highlights: View the 2025 COMPASS Photo Gallery Over the course of the ...
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Key Financial Considerations for Electric Cooperatives Implementing Distributed Energy Resources (DER) Programs
Introduction As electric cooperatives evaluate the implementation of Distributed Energy Resources (DERs) Programs, finance professionals must carefully evaluate financial, regulatory, and operational impacts of any programs under consideration. A well-structured DER program for an electric cooperative aligns technology, infrastructure, financial models, policy, and consumer engagement to maximize grid reliability, cost-effectiveness, and member ...
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FASB Issues Standard That Clarifies Guidance for Identifying the Accounting Acquirer in a Business Combination
The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) that improves the requirements for identifying the accounting acquirer in FASB Accounting Standards Codification® Topic 805, Business Combinations. The ASU is based on a recommendation of the Emerging Issues Task Force (EITF). “The new ASU is the first recommendation from the recently reconstituted EITF to be issued ...
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