Accounting, tax, finance and business education uniquely tailored to cooperatives.

The National Society of Accountants for Cooperatives

The only professional organization dedicated to providing education, resources and connections to professionals exclusively involved in the financial management and planning of cooperatives.

The National Society of Accountants for Cooperatives (NSAC) is comprised of professionals actively involved with the financial management and planning of cooperatives. The Society strives to provide accounting, tax, finance and business education uniquely tailored to cooperatives, supports cooperatives in business interests, and offers networking and professional development opportunities and connections.

Events

Upcoming Events  |  CLN Workshops
2024 TFACC - Collaboration Among Communities
July 28 - 31, 2024

2024 TFACC - Collaboration Among Communities

Registration open for the 2024 Tax, Finance & Accounting Conference for Cooperatives (TFACC) taking place in Orlando, Florida from July 28 to July 31, 2024. This is the must-attend event specially designed for professionals involved in the financial management and planning of cooperatives. TFACC stands out as the only conference that provides tailored education, resources, and networking opportunities in this field. Anticipate an enriching ...

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2025 Technical Exchange
January 27 - 28, 2025

2025 Technical Exchange

The 2025 Technical Exchange is here to immerse you in an extraordinary one-and-a-half-day fly-in event, unlike any other. Join us on January 27-28, 2025, and prepare to be part of something exceptional. This event is only open to NSAC Members. Space is limited, we sold out last year, and the event will fill up fast! DYNAMIC DISCUSSIONS, NOT MUNDANE PRESENTATIONSSay goodbye to mundane PowerPoint presentations! Our innovative program revolves ...

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Mastering Advanced Excel Functions
April 24, 2024

Mastering Advanced Excel Functions

Are you ready to move past Excel’s simple functions, such as SUM? If so, participate in this session to learn about many of Excel’s advanced functions, including XLOOKUP, SUMIFS, and SWITCH. You’ll also learn about the revolutionary Dynamic Arrays feature.

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Time to Automate
May 9, 2024

Time to Automate

Labor shortages, the desire to improve internal controls, and the need to enhance organizational efficiency are all driving forces behind today’s automation efforts. Participate in this session to learn how to automate specific tasks and reap the related rewards.

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Accounting for Uncertain Tax Positions / ASC740
May 16, 2024

Accounting for Uncertain Tax Positions / ASC740

This session will discuss current considerations with respect to ASC740, Income Taxes. Specific considerations include Section 174, leases, employee retention credits, and specific cooperative matters such as nonqualifieds, mergers, and acquisitions. In addition, we will revisit uncertain tax positions and what items to consider when analyzing the need for one as well as discuss potential Section 199A(g) implications. 

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Happenings

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Loper Bright Goes Up to Supreme Court and Implications for Federal Agency Regulations

Loper Bright Goes Up to Supreme Court and Implications for Federal Agency Regulations

April 1, 2024

An interesting non-tax case on the docket for the US Supreme Court’s current term could have far-reaching implications for the extent of federal agencies’ power in drafting regulations that interpret federal statutes, including US Treasury’s Regulations pursuant to the Internal Revenue Code (IRC). Recently, the Supreme Court agreed to hear a case questioning the validity of a federal regulation applicable to the fishing ...

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Clay Worden of RSM US LLP Named Recipient of 2024 Silver Bowl Award by National Society of Accountants for Cooperatives

Clay Worden of RSM US LLP Named Recipient of 2024 Silver Bowl Award by National Society of Accountants for Cooperatives

March 5, 2024

[Cincinnati, Ohio, February 27, 2024] - The National Society of Accountants for Cooperatives (NSAC) is proud to announce Clay Worden, Partner at RSM US LLP, as the distinguished recipient of the 2024 Silver Bowl Award. This esteemed accolade, the highest honor within the cooperative industry, recognizes individuals whose exceptional contributions have significantly enhanced the reputation and functionality of the cooperative sector. For nearly ...

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Federal Reserve Study: Remote Work Does Not Affect Productivity

Federal Reserve Study: Remote Work Does Not Affect Productivity

February 12, 2024

Remote work has negligible effect on productivity, recent research from the Federal Reserve Bank of San Francisco found. In their introductory paragraph, the four researchers—John Fernald, Ethan Goode, Huiyu Li, and Brigid Meisenbacher—wrote, "An enduring consequence of the COVID-19 pandemic is a notable shift toward remote and hybrid work. This has raised questions regarding whether the shift had a significant effect on ...

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Employer tax credit crackdown could hit industry — if it passes

Employer tax credit crackdown could hit industry — if it passes

February 12, 2024

A bipartisan bill awaiting action in the Senate after easily passing the House would crack down on a troubled pandemic-era tax credit in a way that may affect financial advisors. The Tax Relief for American Families and Workers Act proposes to extend $78 billion in tax breaks and credits through expansions of the child tax credit; deductions for business depreciation, interest and research and development costs; and pulling back slightly on a ...

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