Uncategorized Article Archives - Page 4
NSAC Elects Board of Directors for 2022-2023 Term
CENTERVILLE, OHIO, September 6, 2022—The National Society of Accountants for Cooperatives (NSAC) is pleased to announce the Board of Directors for the 2022-2023 term. The Board of Directors determines the culture, strategic focus, and overall direction of the NSAC. The Board supports NSAC’s mission of serving cooperatives by providing accounting, tax, finance, and business education uniquely tailored to professionals working for and ...
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NSAC Presents 2022 Silver Bowl Award
SAN ANTONIO, TEXAS, August 2, 2022—During the 2022 Tax, Finance & Accounting Conference for Cooperatives, NSAC presented its annual Silver Bowl Award to deserving recipient, Jeff Brandenburg, CPA. The Silver Bowl Award is the most prestigious award NSAC bestows to a member of the cooperative industry profession. This recognition is awarded by the Society’s Board of Directors to individuals who have distinguished themselves over ...
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NSAC ANNOUNCES 2022-2023 SCHOLARSHIP RECIPIENTS
CENTERVILLE, OHIO, June 8, 2022—The National Society of Accountants for Cooperatives (NSAC) is pleased to announce that it has selected its scholarship recipients for the 2022-2023 academic school year. There were a record number of entries this year, and the Scholarship Selection Committee was thoroughly impressed with all applicants. Thirteen students received a $1,000 scholarship, for a combined total of $13,000. Congratulations ...
Read MoreTCA Spring 2022 Utility Cooperative Forum: Should our company “own or lease” our fleet equipment?
Originally published in The Cooperative Accountant, Spring 2022 Issue The decision whether to “own or lease” company fleet equipment has been seen by many historically as a financial decision. But there may be other good reasons to consider one option over the other. Some of the non-financial reasons to choose leasing may include the constant influx of new equipment technologies and an ever-growing shortage of qualified ...
Read MoreTCA 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 ...
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