Can you set up homeschooling as a business and get tax deductions?
A business owner asks the steps to set up homeschooling as a business and deduct the homeschool expenses.
Category Money & Budgets
Fundraising only with in your membership has advantages
Most states regulate nonprofit organizations that fund raise from the public.
“Incorporate yourself and write off homeschool expenses.” Really?
A homeschool parent is advised to incorporate herself to write off homeschool expenses. Is that possible?
Homeschool co-op teachers not returning curriculum. What to do?
A homeschool co-op leader struggles with getting curriculum returned to the group.
How much money can a homeschool group keep year to year?
A homeschool leader asks about having a surplus in her support group's checking account.
Giving gifts to speakers and homeschool board members
A homeschool support group leader asks if she should be giving gifts to speakers and board members.
No receipts for expenses can get you in trouble!
A new treasurer of a large homeschool co-op recently contacted me. The co-op had a long standing practice of giving checks to all the volunteer co-op teachers at the beginning of the school year. These checks were to be used…
Handling supply fees in a co-op
Handling supply fees in a co-op
Checking accounts and EINs for homeschool groups
A homeschool leader is told she needs a tax ID number to open a checking account.
Financial Reports: What and how often?
Carol, Thank you for your wonderful words of wisdom. I am looking for a simplified report to publish every month in our newsletter. Would QuickBooks give a report that fit the needs of what is required for non-profit? It seemed…