Checking accounts and EINs for homeschool groups
A homeschool leader is told she needs a tax ID number to open a checking account.
Category Money & Budgets
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…
Can a co-op refund fees to members?
A homeschool co-op leader asks about returning supply fees charged to members.
What to do with a surplus of cash?
A homeschool leader, Michele in Colorado, asks, We will have less than $100 left in the check book. We have a Fed ID #. What do we do? What about next year? You did the right thing by getting a…
Questions on taxes, incorporation and leaving a group
A homeschool leader has questions about taxes, incorporation and leaving a group.
Any Tax Breaks for Homeschoolers?
Tax season has officially launched, so it’s time to address a question I am frequently asked, Do homeschoolers get any tax breaks for their homeschooling expenses? Can a homeschool family deduct any of their homeschool expenses? Sorry, but the federal…
Opening a checking account shouldn’t be this expensive!
A homeschool group finds it costs $95 to open a checking account
Lower price on Money Management ebook
Start 2012 off right for your homeschool group! Get your homeschool group’s finances organized! I have lowered the price for Money Management for Homeschool organizations from $10.00 to $3.99. This 39 page ebook covers money management for small, medium and…
What tax forms do I file for a homeschool co-op?
A new co-op leaders asks: Come tax time, do we file with the IRS (like I do for our household every year?) For example, do we use turbo tax and file for our co-op?
An alternative to a full audit
An alternative to a full audit for homeschool groups