Membership in the National Society of Accountants for Cooperatives (NSAC) is open to individuals employed by or affiliated with a cooperative organization as well as those who are engaged in providing professional services for cooperatives and those who are otherwise engaged in the furtherance of cooperative principals.
When joining NSAC, one becomes a member of the both the national organization and one or more chapters. NSAC has one chapter that is national in scope, the Electric Cooperative Chapter (ECC). The ECC is dedicated to serving rural utility advisors. Other chapters of NSAC are organized geographically.
These regional organizations provide education and information of special interest to members. They are especially valuable to members as they add a more localized component to membership. Members may affiliate with the chapter(s) of their choice.
Recent Happenings
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NSAC Welcomes New President, David Antoni, for 2021-2022 Term
CENTERVILLE, OHIO, September 3, 2021—The National Society of Accountants for Cooperatives (NSAC) is excited to announce that David Antoni, CPA, Tax Managing Director at KPMG LLP, has been named President for the 2021-2022 term. Founded in 1936, the NSAC is a professional society comprised of approximately 1,500 individual members actively involved with the financial management and planning of cooperative business. The organization ...
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NSAC Elects New Board of Directors for 2021-2022 Term
CENTERVILLE, OHIO, September 1, 2021—The National Society of Accountants for Cooperatives (NSAC) is pleased to announce the new Board of Directors for the 2021-2022 term. The Board of Directors aids in determining the culture, strategic focus, and overall direction of the NSAC. The Board supports NSAC’s mission of serving cooperatives by providing accounting, tax and business education uniquely tailored to professionals working for ...
More InformationBusiness Meal Deductions after the TCJA
The legislation known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, eliminated the general deduction of business entertainment expenses under Sec. 274(a). The TCJA mostly left intact, however, the deductibility of food and beverage expenses as a business expense (generally, at 50% of the expense amount). But because of a long-standing understanding and practice of treating business entertainment and meals as congruent, practitioners sought ...
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