Keep your homeschool organization’s important papers in a board binder

 

Can you find your homeschool organization’s bylaws or organizing documents quickly?

Nonprofit leaders should keep their organization’s important papers in a binder.

This short podcast episode (15 minutes) from Carol Topp, the HomeschoolCPA, will discuss what important papers need to be in your board binder.


 

In the podcast I mentioned the new Board Manual for homeschool organizations. I think you’ll find it helpful to organize your board and run your homeschool organization successfully!

Read more about the Homeschool Organization Board Manual

 

Carol Topp, CPA

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How can we change the contact name on our EIN?

 

When your homeschool group applied for an Employer Identification Number with the IRS, you had to give a responsible party’s name and their Social Security Number. Now that person is stepping down from your homeschool board.

How do you change the responsible party’s name on your EIN? Carol Topp, CPA explains how in this short podcast (9.5 minutes).


In the podcast, I mentioned Money Management in a Homeschool Organization. It’s a guide for homeschool treasurers that you may find helpful.

Carol Topp, CPA

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Starting a Homeschool Co-op with a Friend

 

Is it a good idea to start a homeschool co-op with a friend?

Carol Topp, the author of  Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out explains the pitfalls to avoid when starting a co-op with a friend.

Listen to the podcast (10 minutes)

FEATURED PRODUCT from HomeschoolCPA:

Homeschool Co-ops:  How to Start Them, Run Them, and Not Burn Out

Have you ever thought about starting a homeschool co-op? Are you afraid it will be too much work? Do you think you’ll have to do it all by yourself? Starting a homeschool co-op can be easy! This book Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out will give you ideas, inspiration, tips, wisdom and the tools you need to start a homeschool co-op, run it and not burn out!

Click Here to request more information!

Should my homeschool group be a nonprofit or a for-profit business?

A woman asks if her Classical Conversations homeschool program should be a for-profit business or a nonprofit organization.

Carol Topp, CPA explains the four differences between for-profit and nonprofits.

Listen to the podcast (11 minutes)

 

Phone Consultation with Carol Topp, CPA

Phone Consultation: A pre-arranged phone call to discuss your questions. My most popular service for homeschool leaders. It’s like having your own homeschool expert CPA on the phone!

Cost: $75/hour to nonprofit organizations.  $100/hour to for-profit businesses. $60 minimum.

Q &A by Email:  I am willing to answer questions by email, but it is very time consuming to read and reply to emails. I charge a reduced rate of $50/hour to read and reply to emails. Minimum $25.

Contact HomeschoolCPA, Carol Topp, CPA, to arrange a telephone consultation.

Click Here to request more information!

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Keep Up To Date on State Filings for Your Homeschool Nonprofit

Most homeschool leaders know that they need to report annually to the IRS, but did you know that there are probably filings to do in your state every year? Carol Topp, the HomeschoolCPA, discusses the most common state reports that homeschool nonprofit organizations need to file.

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The IRS and Your Homeschool Organization

Does your homeschool group need to pay taxes?  Could they avoid paying taxes by being a 501c3 tax exempt organization? Do you know the pros and cons of 501c3 status? Do you know what 501c3 status could mean for your homeschool group?  The answers are in  The IRS and Your Homeschool Organization. The information in this book has been helpful to homeschool support groups, co-ops, music and sports groups and will help you understand:

  • The benefits of 501c3 status
  • The disadvantages too!
  • What it takes to make the IRS happy
  • What your state requires
  • Why your organization should consider becoming a nonprofit corporation
  • What is the difference between nonprofit incorporation and tax exemption
  • IRS requirements after you are tax exempt

Click Here to request more information!

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Can my homeschool group collect money now that’s for next year?

 

Many homeschool groups collect deposits in the spring for next fall’s programs. This helps with determining how many families will be returning. But how should these early deposits be recorded in a homeschool group’s bookkeeping? Carol Topp, CPA the HomeschoolCPA offers some ideas.

 

Listen to the podcast

In the podcast Carol mentioned a handout that explains how to record early deposits in accounting software like QuickBooks.

Here it is: Deferred Revenue in QuickBoooks (pdf)

Do you have more questions about managing the money in your homeschool organization?

MONEY MANAGEMENT FOR HOMESCHOOL ORGANIZATIONS: A GUIDE FOR TREASURERS

  • Does your homeschool group manage their money well?
  • Do you have a budget and know where the money is spent?
  • Do you know how to prevent fraud?

This 115 page book will help you to open a checking account, establish a budget, prevent mistakes and fraud, use software to keep the books, prepare a financial statement and hire workers. Sample forms and examples of financial statements in clear English are provided.

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What Homeschool Leaders Don’t Know About Fundraisers

What Homeschool Leaders Don’t Know About Fundraisers

Carol Topp, CPA, the HomeschoolCPA will share tips on important issues that homeschool leaders may not know about. This episode will focus on helping homeschool leaders know the tax rules about fundraisers.

Listen to the podcast

 

MONEY MANAGEMENT FOR HOMESCHOOL ORGANIZATIONS:  A GUIDE FOR TREASURERS 

  • Does your homeschool group manage their money well?
  • Do you have a budget and know where the money is spent?
  • Do you know how to prevent fraud?

This 115 page book will help you to open a checking account, establish a budget, prevent mistakes and fraud, use software to keep the books, prepare a financial statement and hire workers. Sample forms and examples of financial statements in clear English are provided.

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What Homeschool Leaders Don’t Know About Worker Classification

 

What Homeschool Leaders Don’t Know About Worker Classification

Carol Topp, CPA, the HomeschoolCPA will share tips on important issues that homeschool leaders may not know about. This episode will focus on worker classification — helping homeschool leaders understand how to classify their workers correctly as employees or independent contractors.

Listen to the podcast

Worker Classification Consultation 

  • Is your homeschool teacher an employee or independent contractor?
  • Should your homeschool co-op director be paid as an employee?
  • How hard is it to set up a payroll system?
  • What happens if my homeschool group misclassifies a worker? Are their penalties?

Worker classification can be a confusing topic.

My book Paying Workers in a Homeschool Organization can help clear a lot of confusion, but perhaps you want to discuss your particular situation in a private, individual phone consultation.

I offer phone consultations to help you determine if your homeschool organization’s workers are employee or independent contractors. The phone call will be followed up with an email containing a fact-based determination and information to help you take the next steps.

Click Here to request more information!

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The podcast for homeschool leaders is back!

 

In 2016 I took a break from podcasting, but now I’m back with a different format.

The podcast will be focused on helping homeschool leaders and businesses run their programs legally and successfully. The podcast episodes will be shorter–15 or 20 minutes max and will air weekly.

Listen to the podcast

I’ll share what I did while taking a year off and what I have planned for 2017 to help homeschool leaders.

Carol Topp, CPA

My podcast The Dollars and Sense Show is on hiatus.

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My podcast  The Dollars and Sense Show is on hiatus.

Basically, I got too busy helping homeschool organizations, caring for family (including a 25 year old daughter with a broken leg!) and recovering from 3 surgeries in the past 12 months. Something had to go, so it was new podcast episodes.

But, hey, the previous podcasts episodes are all still available.

Podcasts never die, they just go on a break! 🙂

The podcast is part of the Ultimate Homeschool Radio Network where you will find over a dozen podcasts for homeschoolers by homeschoolers!

 

Recent shows of interest to homeschool leaders:

Episode #5   Ever thought about starting a homeschool organization? Starting a nonprofit homeschool group.

Starting a nonprofit homeschool group correctly
Starting a nonprofit homeschool group correctly
Starting a nonprofit homeschool group correctly

Episode #6  What is tax exemption and how do I get it for my homeschool organization?

Episode #17  Paying workers in a homeschool organization Part 1 Volunteers, employees and independent contractors

Episode #18 Paying workers in a homeschool organization Part 2 Forms to file with the IRS

Episode #30 Easy fundraisers for homeschool groups

Episode #36 Required IRS reports for homeschool groups

Episode #37 Has your homeschool group lost its tax exempt status?

Episode #41 Who’s afraid of the big, bad IRS?

Episode #42 How the IRS sees homeschool co-ops.

Episode #47 Tax exempt status for homeschool support groups

Episode #56  Homeschool Leadership is Like Marriage Part 1

Episode #57 Homeschool Leadership is Like Marriage Part 2