Taxes for Classical Conversations Directors
Help with taxes for Classical Conversations Directors.
Category Money & Budgets
Managing records and financial statements
How are your homeschool groups’ records? Scattered, missing, lost? One homeschool group has organized all their important papers in a binder using HomeschoolCPA’s Homeschool Board Member Manual template. In this podcast episode, the leader showed Carol Topp her board binder.…
Finding grants for your homeschool group
Nicole Doyle, a homeschool leader from Georgia, shared with me several places where she received grants for her homeschool group: WalMart Foundation gave her group $500 Target gave $350 for field trips Publix (grocery store) gave Nicole’s homeschool group $200…
Use Quickbooks online for (almost) free
TechSoup arranges free QuickBooks online for nonprofit organizations
Adding a football program under your homeschool group
A homeschool treasurer has several questions about tax exempt status and financial oversight of adding a football program.
Can excess supply fees be used to pay other expenses?
Our homeschool co-op charges families a registration fee to cover administrative costs and a per-class supply fees to cover supplies/materials for individual classes. This past year we have a pretty good surplus on supply fee income. Teachers ended up not…
IRS asks if homeschool groups gives scholarships
Homeschool groups should not call a fee discount a scholarship.
Form an LLC to homeschool your own children: Good idea or not?
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…
Homeschool Groups: Prepare for new 1099-K reports if you use Paypal, Stripe, Venmo, etc.
***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…
Is Paypal a good option for a 501c3?
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…