Hi Carol, I love your website – so much great information! Can I incorporate and form an LLC where my husband would hire me/my company to teach our children? If not, would I need to start some sort of online…
***UPDATE December 23, 2022****The IRS has delayed implementation of the reduced threshold of $600 for third party payment processors to send Form 1099-Ks to payees. “The IRS and Treasury heard a number of concerns regarding the timeline of implementation of…
Our homeschool group is currently looking into using Paypal so that we can collect membership dues online. We had a few questions we hoped you could answer. Is Paypal a good option for a 501c3? Would using Paypal affect tax…
Colleen Eubanks shares a video review of Classical Conversations. She was a tutor and Classical Conversations Licensed Director for two years. About the 13:30 mark (roughly half way), she clearly explains some of the liability that she carried as a…
Vicki Boatright is a bookkeeper for churches (and other nonprofits). I have found her blog posts at Free Church Accounting and ebooks very helpful as I advise homeschool groups. Gift cards as thank you gifts In a blog post on…
Carol, I will be a director with Classical Conversations (TM) for the upcoming year and I wanted to keep track with all finances and stay on top of all the things for taxes but I am unsure of how to…
Many homeschool organizations find they need to open a checking account for their group expenses. The bank or credit union will ask for an EIN, Employer Identification Number. This number is similar to a Social Security Number for a business…