Welcome to the NSAC Website!
What Is NSAC? The National Society of Accountants for Cooperatives(NSAC) is comprised of professionals actively involved with the financial management and planning of cooperative business. NSAC strives to provide accounting, tax and business education uniquely tailored to cooperatives, supports cooperatives in business interests, and offers networking and professional developement opportunities.
NSAC's group-live, educational teleconferences uniquely tailored for cooperatives
Upcoming CLN Workshop(s):
December 2nd, 2014
IRS Repair Regulations - Wrap-Up Session
December 11th, 2014
Financing for Coops: Traditional and Alternative Capital Sources
December 16th, 2014
Understanding the Complexities of Travel, Meals and Entertainment Expenses
February 3rd, 2015
SAVE THE DATE! August 2-5, 2015
More Details Soon
NSAC supported the International Summit for Cooperatives in Quebec.
IRS Adjusts Tax Rate and Deduction Levels for 2015
IRS announced the annual inflation adjustments for tax year 2015 for more than 40 tax provisions...
Changes Coming Next Year in W-2 and 1099 Forms
The Internal Revenue Service is making changes in W-2 and 1099 forms and reporting requirements.
FASB Studies Possible Deferral for Revenue Recognition
The Financial Accounting Standards Board plans to consider in early 2015 whether to give companies more time to adopt the massive new standard on revenue recognition.
Key Differences Between New Private Company and GAAP Reporting Standards
FRF for SMEs provides an alternative to U.S. GAAP for private companies.
Reducing unnecessary complexity remains a key focus of FASB
Taking unnecessary cost and complexity out of the U.S. financial reporting system has been a primary objective for Russell Golden since he became FASB’s chairman in July 2013.
Global cyber-attacks up 48% in 2014
It should be no surprise amid the constant barrage of headlines about cyber-security incidents that the number and cost of breaches is on the rise.
Cyber-security: How big is risk to small businesses?
Although large companies tend to make the biggest headlines when they are hit by data breaches, it’s a mistake to assume that hackers don’t target small businesses.
Ethical performance moves up on the corporate agenda
Businesses are placing increasing emphasis on ethics and compliance, and the area is set to gain further importance in the near future.