Uncategorized Article Archives - Page 2
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National Society of Accountants for Cooperatives Announces Peggy Maranan as 2026 Silver Bowl Award Recipient
The National Society of Accountants for Cooperatives (NSAC) is proud to announce that Peggy Maranan, Chief Financial Officer of DEMCO, has been selected as the 2026 recipient of the Silver Bowl Award, the Society’s highest and most prestigious honor. The Silver Bowl Award recognizes an individual who, over an extended period, has made exceptional contributions that enhance both the image and operations of the cooperative profession. Bestowed ...
Read MoreCybersecurity 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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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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