Uncategorized Article Archives - Page 3
TCA Spring 2022 TAXFAX
Originally published in The Cooperative Accountant, Spring 2022 Issue Research Credit Update The federal Section 41 Credit for Increasing Research Activities (“R&D Credit”) is an intriguing opportunity for cooperatives to claim a dollar-for-dollar tax credit against their tax liability for the year based on their qualified research expenses and a 20-year carryforward of any unused credit to offset tax liabilities in ...
Read MoreTCA Spring 2022 ACCTFAX BULLETIN BOARD
Originally published in The Cooperative Accountant, Spring 2022 Issue FASB AMENDS THE LEASE STANDARD TO ALLOW LESSEES THAT ARE NOT PUBLIC BUSINESSES GREATER FLEXIBILITY IN APPLYING INTEREST RATE SELECTION On November 11, 2021, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU 2021-09) that modifies an existing provision of Topic 842 which allows non-public business entities to elect to use a ...
Read MoreTCA Spring 2022 Small Business Forum: Are DAOs the New Coops?
Originally published in The Cooperative Accountant, Spring 2022 Issue There has been extensive media coverage surrounding Bitcoin but DAOs (Decentralized Autonomous Organizations) are utilizing the same blockchain technology to revolutionize organizational structure. DAOs have garnered a large amount of capital and attention in the last year. In August 2021, BitDAO raised $365 million, $230 million of which was secured within 20 ...
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Celebrating Exemplary Women Leadership
In recognition of International Women’s Day, the NSAC is celebrating women who have provided exemplary leadership by serving on the Society’s National Board of Directors. These outstanding women are true inspirations in their field, and have accomplished so much through their work ethic and commitment to the accounting industry.
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NSAC Announces Greg Taylor as New TCA ACCTFAX Editor
The National Society of Accountants for Cooperatives (NSAC) is pleased to announce Greg Taylor as the new TCA ACCTFAX Editor. Greg has extensive experience in supervising audit engagements of agribusiness and cooperative entities, and has been a member of NSAC since 1993.
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