IRS concerns: what happens if you compensate homeschool board members?
Sometimes a homeschool group would like to reward hard-working board members
Is it OK to compensate your board members?
Category Money & Budgets
Handouts for Fundamentals of Financial Management for Homeschool Groups
Slide Handout for Part One covering funding sources, budgeting and financial reports Slide Handout for Part Two covering money tips, fraud and annual reports to IRS and state Recommended reading Money Management in a Homeschool Organization by Carol Topp, CPA…
Taxes for Classical Conversations Directors
Help with taxes for Classical Conversations Directors.
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…