Deep Dive into Accounting and Taxes for Grants

Date: Thursday, September 5, 2024
Time: 12:00 PM ET / 11:00 AM CT / 10:00 AM MT / 09:00 AM PT [Prevailing Time]
Presenters: Rebecca VanNattan, CPA, Partner, Heard, McElroy & Vestal, LLC, Mitchell McCoy, CPA, Partner, Heard, McElroy & Vestal, LLC
Moderator: Wayne Sine, CPA, Education Director, National Society of Accountants for Cooepratives
Learning Objectives:
 • Understand the methods and tools for tracking grants and fulfilling financial reporting requirements specific to cooperatives.  
• Learn about the various tax implications related to grants, including how to manage and optimize tax benefits to ensure compliance and
financial efficiency.
• Explore best practices and effective strategies for managing grant funds, focusing on maintaining compliance and maximizing the financial
advantages for their cooperatives.
Field of Study: Accounting
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
  Order Recording

Course Description

Join us for an in-depth webinar tailored for cooperatives, where we will explore the complexities of accounting and taxation related to grants. This session will cover essential topics including grant tracking, financial reporting requirements, tax implications, and compliance strategies. Learn best practices for managing grant funds and optimizing tax benefits. Ideal for financial managers, accountants, and cooperative leaders looking to enhance their understanding and management of grant finances. 

Presenter and Moderator Bios

Presenter: Rebecca VanNattan, CPA, Partner, Heard, McElroy & Vestal, LLC

Rebecca VanHattan is a partner at HMV and joined when the firm merged with a Texas-based firm formerly known as Curtis Blakely & Co. in 2023. She works out of the Longview, Texas location. Rebecca provides tax and consulting services to a variety of individuals, corporations, partnerships, cooperatives, and not-for profit organizations. Her industry concentrations include telecommunications, utilities, and not-for-profits. She specializes in cooperative tax as well as state and local tax compliance, planning, and consulting. She has audit experience and regularly assists the audit department with tax provisions and disclosures. Rebecca is also a frequent speaker for various industry associations. Rebecca is a summa cum laude graduate of LeTourneau University with a Bachelor of Science in Accounting and a Master of Business Administration. She joined Curtis Blakely & Co. in 2014 and became a Shareholder in 2022. 

Presenter: Mitchell McCoy, CPA, Partner, Heard, McElroy & Vestal, LLC

Mitchell McCoy is a partner at HMV and joined the firm in 2013. He works out of the Longview Texas office. Mitchell provides audit and consulting services to various utility-related entities including telecommunication, electric, and water supply companies. Mitchell also services numerous commercial, non-profit, and employee benefit plan clients. He graduated from Stephen F. Austin State University, where he received both his bachelor’s and master’s degrees in accounting. Mitchell is a frequent guest lecturer at area colleges and universities, has spoken at numerous state and national industry groups, and is active in HMV recruitment efforts. 

Moderator: Wayne Sine, CPA, Education Director, National Society of Accountants for Cooepratives

After retiring as Tax Director for Southern States Cooperative, Wayne Sine was asked to serve as Education Director for NSAC. He has been a long-time and active member of NSAC, having served as past President of the Atlantic Chapter and past Chair of the Tax Committee. In addition to his work with NSAC, Wayne has served on the Legal, Tax, and Accounting (LTA) Committee of the National Council of Farmer Cooperatives, Chaired the Tax Committees for both the Virginia Chamber of Commerce and the Virginia Manufacturers Association, served on the Tax Policy Committee of the Virginia Society of CPAs, and served as past Region Vice President for the Tax Executives Institute.

Cost
Free for NSAC Members / $56.00 for Non-Members

Delivery System

• All programs are delivered using the Zoom platform.
• Confirmations will include log-in instructions.
• Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
• All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
• There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.