Hi Carol, We have questions about how and if we are able to file as a 501(c)3 so that our directors can continue to lead the group while getting compensated for their time and efforts. Do you have any resources…
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…
My latest book, Taxes for Homeschool Business Owners!
The IRS has introduced a new form called the 1099-NEC (for Non Employee Compensation), that will replace the Form 1099-MISC for most homeschool groups and homeschool businesses like Classical Conversation Directors. The 1099-NEC is the form your homeschool group must…
Hello Carol! I graduated from college in May and am currently working on my masters degree in Elementary Education. A friend put me in contact with one of her family friends for a job opportunity as a homeschool teacher while…
I’ve written several blog posts answering questions from Classical Conversations (CC) Directors regarding: Taxes for CC Directors and tutors Using church space Paying tutors as Independent Contractors or employees and more Usually these issues affect CC Directors the most since…
HomeschoolCPA Carol Topp frequently mentions that homeschool leaders have a duty of care and loyalty to their groups. What does a duty of care look like? How does a leader know know if she is being loyal? This is the…
Should a homeschool group serve as a charity? Maybe, but maybe not.
HomeschoolCPA, Carol Topp spoke to a group of homeschool group leaders in Texas about a good mindset and attitudes that are necessary for leading a homeschool group. In this episode Carol reminds leaders of three things they may have forgotten:…
A homeschool group in Illinois formed in 2020. They filed paperwork with the Illinois Secretary of State to form a nonprofit corporation, got an EIN (Employer identification Number) from the IRS to open a checking account, and started running their…