Cooperative

06/18/2025

Accounting Best Practices for Food Co-ops

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Cooperative

06/18/2025

Patronage Dividends for Food Co-ops

Patronage Dividends for Food Co-ops A Primer on Distributing Earnings and Building Member Capital

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Cooperative

06/16/2025

Understanding Excess Business Losses and Related Tax Rules for 2025

If you are facing substantial business losses in 2025, you may be subject to unfavorable tax rules. For small business...

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Business

05/06/2025

New IRS 1099 E-Filing Rules for 2025: Avoid Penalties with TIN Matching

IRS 1099 e-filing rules are changing for the 2025 filing season. Here’s what small businesses need to know. The IRS...

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Business

01/13/2025

Worker Co-op Owners: Where to Report Patronage Dividends (1099-PATR) on Your Form 1040 for 2024

This article outlines a suggestion for reporting your patronage dividends income for the 2024 tax year. Please keep in mind...

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Cooperative

11/15/2024

Retirement Plan Audit vs. Retirement Plan Checkup

The Department of Labor (DOL) requires that retirement plans (401K, 403b, ESOP plans etc.) with 100 or more participants with...

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Business

02/09/2022

Net Operating Losses for 2021 and Beyond

If your cooperative is taxed as a corporation and has had losses in past years or may have them in...

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Business

06/03/2021

Housing Cooperatives: Accounting and Tax Issues

Let’s take a look at some of the important nuances that govern the accounting and tax matters pertaining to housing...

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Cooperative

02/23/2021

Employee Retention Credit Summary

The employee retention credit (ERC) has been getting a lot of press – and generating a lot of questions. Here...

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Business

01/11/2021

New Rules for Lease Accounting

The rules for accounting for leases in a set of financial statements in accordance with GAAP (Generally Accepted Accounting Principles)...

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Business

10/31/2018

Patronage Dividends under the New Tax Law

On March 23, 2018 Congress passed an amendment to the new tax law that removed the “Grain Glitch” where private...

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Cooperative

10/31/2018

Worker Co-ops Operating Under Subchapter T and the New Tax Law

The new tax law was amended in March 2018 to change the patronage dividends rules but did allow them to...

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Cooperative