Education
One of the most beneficial offerings we provide, NSAC members are able to gather information online, in-person and through different resources all-year.
Tax, Finance and Accounting Conference for Cooperatives (TFACC) is an annual national conference featuring noted presenters and numerous breakout sessions on developments in cooperative tax, finance, accounting, auditing and management topics. TFACC attendees can earn 20 or more Continuing Professional Education (CPE) credits.
Basic and Advanced Cooperative Accounting Seminars offer training in the core concepts unique to working for or with cooperatives such as equity management, tax planning and risk management.
Cooperative Learning Networks (CLNs) are webinars that provide easy access to presentations, panel discussions and conversations by leading experts and fellow members on a variety of topics and issues important to those in the cooperative world. There are no travel expenses, no time away from the office and the best part – members may attend an unlimited number, all included with their annual membership dues. Recordings are archived for on-demand viewing.
Chapter Annual Meetings and Educational Programs provide technical programming and valuable networking and information exchange on key topics.
Resources
The Cooperative Accountant (TCA) is a quarterly technical journal published for nearly 70 years featuring timely and useful information on cooperative tax, accounting, finance, and economic issues.
The Tax Library is an online searchable database of IRS administrative rules, rulings and court cases concerning the tax treatment of cooperatives.
Welcome to Cooperatives is a booklet providing a basic explanation of how cooperatives are organized and operated, including equity management and tax treatment. It is a must-read for new employees without a background in cooperatives.
Connections
Alliances with organizations such as FASB, IFAS, IRS, NCBA, NCFC and others. For many years, NSAC limited its activity to reporting on developments of importance to its members. However, as we move forward, the leadership continues to recognize the need to work with other organizations inside the accounting community as well as the cooperative community to make sure the rapidly changing environment continues to keep the unique needs of cooperatives top of mind.
Communication is key with members and we strive to provide access to the latest information through our Connect platform, blogs, CLNs, conference presentations and social media.
Leadership development opportunities are available to all members through chapter and national board service, speaking engagements, writing opportunities, connections and mentorships.
Upcoming Events
2022 Tax, Finance & Accounting Conference for Cooperatives
Make sure you save the date for the 2022 Tax, Finance & Accounting Conference for Cooperatives! The conference is being held IN-PERSON in San Antonio from July 31-August 3, 2022. TFACC is the premier national conference for cooperative tax, finance and accounting professionals. TFACC is a can't miss event, as it is the only conference uniquely tailored to providing education, resources and connections to professionals involved in the ...
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Financial Forecasting
Is your cooperative forward looking? Is it preparing financial forecasts? This session will focus on some of the objectives for forecasting. What tools and information are required to prepare a forecast? Tips will be shared on how to validate a forecast. Discussion will include where and how the forecast can be used?
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Tax Director Duties for Ag Coops: What Does a Tax Director Do?
Do you want to know more about the roles and duties of a Tax Director working for an Agricultural Coop? Are you curious about how cooperative tax law applies specifically to farmer coops, and how this taxation impacts the amount and type of refund distributed? In this session, attendees will explore the unique set of tax rules that apply to famer owned cooperatives, and how these rules affect the overall role of a Tax Director at an AG Coop. This CLN will cover the specific types of taxes administered by in-house tax departments, what types of tax audits are typically encountered by AG Coops, and how advocacy can be used to affect tax legislation impacting coops. Participants will walk away with an understanding of the stipulations that exist within the agricultural industry, and how an AG Coop Tax Director executes strategic tax compliance and planning based on these specific tax implications.
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