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.
What Members Say about NSAC
I am retiring at the end of the month and I will be staying in NSAC as a retired member. “It's been a good 30 years of active membership. I met lots of good people and received lots of valuable information. My replacement has already joined NSAC”.
RP (Ron Peterson) Minnesota.
NSAC's group-live, educational teleconferences uniquely tailored for cooperatives
Upcoming CLN Workshop(s):
Getting More Done in Less Time
March 31st, 2015
April 7th, 2015
COSO: From Treadway to the Cube, Fighting Fraud and Corruption in the Coop Environment
April 21st, 2015
Pension Fiduciary Primer
May 12th, 2015
SAVE THE DATE! August 2-5, 2015
More Details Soon
IRS Eases Repair Regulations for Small Businesses
The Internal Revenue Service has issued a new revenue procedure that aims to make it easier for small business owners to comply with the final tangible property repair regulations.
IRS issues revised 2014 and 2015 passenger automobile depreciation limits
The IRS has issued revised numbers for the amount of depreciation taxpayers can take for the first year they use a passenger automobile (including a truck or van) for business
FASB Meeting - January 28, 2015
Recap of FASB Meeting from 01/28/2015
FASB Proposes Changes in Accounting for Income Taxes
The Financial Accounting Standards Board has issued an exposure draft of two proposed accounting standards updates that would affect the accounting for income taxes for businesses.
New Mortality Tables Will Affect Defined Benefit Pension Plan Sponsors
The Society of Actuaries (SOA) recently released new mortality tables (RP-2014) and a new mortality improvement scale (MP-2014).
IRS Scammers Net $14 Million from 3,000 Victims
The pervasive IRS impersonation phone scam has claimed nearly 3,000 victims who have collectively paid over $14 million, according to a new warning from the Treasury Inspector General for Tax Administration.