Here’s a tip for all you homeschool groups using QuickBooks (or something similar like Apolos or Wave) In the homeschooling world don’t usually think of our members as “customers” but that’s what QuickBooks calls them. Members = Customers We…
A homeschool parent wants to hold a fundraiser and accept donations to pay for her curriculum.
Should a homeschool program director include her children's tuition as income on her tax return?
Does a nonprofit need to file a tax return before they receive tax exempt status? Yes, the IRS requires organizations to file information returns before they apply for tax exempt status. Here’s what the IRS website states: Tax Law…
Some homeschool groups try to avoid Paypal fees, but is it right?
A nonprofit group may raise a lot of money from fund raising. These fundraisers could be so successful the leaders may wonder if the homeschool group owes anything to the government in taxes. For the most part, fund raising…
This guide for homeschool group treasurers covers money management
If a homeschool is a private school can the parent use 529 funds for K-12 expenses?
Carol Topp, CPA offers advice and tips on important topics to running a successful group.
Donors who give to your nonprofit expect that 100 percent of their gift will be used to support your mission.