Operating on a Cooperative Basis

Date: Tuesday, October 29, 2013
Time: 03:00 PM ET / 02:00 PM CT / 01:00 PM MT / 12:00 PM PT [Prevailing Time]
Presenters: Dave Antoni, National Director of Cooperative Tax Services, KPMG, Marla Aspinwall, Barry Groebel, Herbein + Company, Inc, Partner
Moderator:
Learning Objectives:
To better explain the Three Prongs of a Co-Op as well as any additional IRS factors
Field of Study: Taxes
Program Level: Intermediate
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
IMPORTANT NOTE:
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Course Description

This 1 hour CLN will go into detail regarding operating on a cooperative basis. It will cover the three prongs of a co-op as well as any additional IRS factors. It will include discussion on the subordination of capital, democratic control and operation at cost.

Presenter and Moderator Bios

Presenter: Dave Antoni, National Director of Cooperative Tax Services, KPMG

David Antoni serves as KPMG’s National Director of Cooperative Tax Services. He is responsible for providing tax consulting and compliance services to cooperatives and non-cooperative enterprises in their Consumer & Industrial Markets practice. Dave also serves on KPMG’s National FAS 109 Network and has significant experience in the application of FAS 109 (ASC 740) and FIN 48 (ASC subtopic 740-10) to both cooperative and public company audit clients. He works with management and boards on tax considerations for capital and bylaws provisions and advises cooperatives on tax issues such as IRC section 199. His professional accounting experience with KPMG spans over 26 years and 22 years serving cooperatives as a focus area. Barry D. Groebel, CPA is a Partner at Herbein + Company, Inc. He began his career with Price Waterhouse, one of the nation's largest accounting firms, prior to joining Herbein + Company in 1992. Barry manages tax compliance and transactional tax planning services delivered to many of the firm’s clients in a broad range of industries. Barry is the tax partner on many of the firm’s major clients. Marla Aspinwall is a Partner with Loeb & Loeb LLP and concentrates her practice in the tax, ERISA, labor and securities aspects of executive compensation for publicly held, private and tax exempt organizations, including employment agreements; nonqualified deferred compensation; and equity, retirement, incentive and welfare benefit plans. She also specializes in the tax and business aspect of agricultural cooperative organizations and has represented many large agricultural cooperatives.

Presenter: Marla Aspinwall

Presenter: Barry Groebel, Herbein + Company, Inc, Partner

Cost
$56.00 for NSAC Members / $70.00 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.

What is NSAC's Cooperative Learning Network?
The NSAC Cooperative Learning Network is a live, interactive webinar, and you can attend from any location with internet and/or telephone access. NSAC members can attend an unlimited number of CLNs at no charge!

Each Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. CLNs typically include a Q&A session where participants can ask questions live or by chat. No advance preparation or prerequisites are required, unless otherwise stated in the course information. Attendees are able to download copies of the slides and/or handouts and are provided a link to view the recording (unless the description states the session will not be recorded). These tools help continue your learning experience after the session.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor (#103068) of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Delivery Method: Group-Internet Based.

Why NSAC Cooperative Learning Networks?

Fast.
No wasted time. Get right to the heart of the matter in a course designed to easily fit into your busy schedule.

Convenient.
No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk, device or conference room.

Easy.
A device with an Internet connection is all you need. If your device does not have sound capabilities, the ability to dial in from a telephone is available.

Ideal for multiple attendees.
Use a speakerphone and projector/monitor and invite as many people as you want to participate - at no extra cost to you.

Affordable.
NSAC Cooperative Learning Networks are free for members and available to non members at a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.