A homeschool group is using free Paypal. Is that legit?
Some homeschool groups try to avoid Paypal fees, but is it right?
Tag homeschool
What is Unrelated Business Income or UBIT?
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…
Is My Homeschool Group Required to Have 501c3 Tax Exempt Status?
Some homeschool groups are very small and are not interested in the benefits of 501 c3 tax exempt status such as accepting donations or doing fundraising. Do these small homeschool groups really need 501c3 tax exempt status? No. They…
When Applying for an EIN, They Want my Social Security Number!
Homeschool leader, Paula, was applying for an EIN (Employer Identification Number) online, but the IRS website asked for her SSN (Social Security Number). She is reluctant to give it out. Should she be concerned? Someone (the “responsible party”) must…
Should Your Homeschool Group Be An LLC?
Maybe your homeschool group should be an LLC! Or maybe not!
Is buying T-shirts from a board member a conflict of interest?
How should a homeschool group handle a conflict of interest?
Should a Homeschool Nonprofit Let Members Vote?
Should your homeschool nonprofit group let its members vote? There are many nonprofit groups that do not give their members a vote, but some do! What are the pros and cons or each arrangement? In this short podcast episode…
Can homeschool groups give free tuition to teachers like private schools?
The US Tax Code says qualified tuition reduction is not taxable income to a teacher. Does that apply to homeschool groups?
Does My Homeschool Group Need Directors and Officers Insurance?
Does your homeschool group need to protect your leaders? Sure you do, so you may consider purchasing Directors and Officers (D&O) insurance. In this short podcast episode (12 minutes) Carol Topp, the HomeschoolCPA, will explain: What is D&O insurance?…
Motivation to homeschool is changing. How does your group adapt?
As more people start homeschooling for different motivations how does your group adapt?