Latest News

The Rise of Cybercrime in the Accounting Profession Continues
The July 15 tax filing deadline is finally behind you. Now is the perfect time to address the growing number of cyberattacks still taking place in the accounting industry.  Many accounting...

IRS Says Companies Are Responsible for Deferred Payroll Taxes
The Internal Revenue Service said companies will be responsible for collecting and paying back any deferred payroll taxes under a directive by President Donald Trump aimed at helping workers while...

Guidance Issued on Payroll Tax Deferral
The IRS issued much-anticipated guidance on the payroll tax deferral that was ordered by President Donald Trump in a presidential memorandum on Aug. 8 (Notice 2020-65). The notice allows employers to...

Will PPP Fraud Turn into the Next Wave of 'Liar's Loans'?
In April, Andrew Marnell of California applied for millions of dollars of loans in federal assistance through the Paycheck Protection Program. Based on his applications, Marnell received...

IRS Issues More Bonus Depreciation Rules
The IRS issued final regulations (T.D. 9916) providing guidance on additional first-year (bonus) depreciation under Sec. 168(k), which was amended by the law known as the Tax Cuts and Jobs Act, P.L....

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Upcoming Events

June 2020
Atlantic Chapter Virtual Chapter Meeting
June 15, 2020

June 2021
Atlantic Chapter Conference
Rescheduled: June 13-15, 2021
Charleston, SC

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Cooperative Learning Network

NSAC's group-live, educational teleconferences uniquely tailored for cooperatives
NSAC Cooperative Learning Network

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Upcoming CLN Workshop(s):
Distinguishing between patronage, nonpatronage and nonmember income
September 29th, 2020
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Update! Regulatory Assets & Liabilities
October 7th, 2020
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Update! PPP Loans and Forgiveness: A Cooperative Perspective
October 22nd, 2020
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Family First Act
October 28th, 2020
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Best Practices for Inventory Management
November 10th, 2020
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