Classical Conversations directors and tutors have asked me lot of questions about their taxes. Things like:
- What tax form should I to use to report my income and expenses?
- What expenses were tax deductible?
- What tax forms do I need to give to my tutors?
- How should tutors be paid?
- How do I pay myself as a CC Director?
To help these CC Directors, I have compiled several resources including an ebook, webinar, blog posts and record keeping spreadsheet.
I recommend these blog posts:
CC Directors: Do not give yourself a 1099-MISC
Tax return for a Classical Conversations homeschool business
I’m a Classical Conversations Director. Do I have to file any forms with the IRS?
Understanding Taxes for a small homeschool business
Ebook: Taxes for Homeschool Business Owners
In 2018, I wrote an ebook Taxes for Licensed Classical Conversions Directors. It was supposed to be distributed by Classical Conversations, Inc to all their Directors. That ebook is no longer available.
So I rewrote and expanded it to become Taxes for Homeschool Business Owners. It is more up-to-date than the other ebook since there were major changes in the tax laws and forms in late 2018.
Tax Prep Webinar
There is a lot to learn about running a business. I don’t mean to discourage you or anyone else away from operating a homeschool business. You provide a valuable service to homeschool families! This webinar will help you understand the tax implications:
Tax Preparation for Homeschool Business Owners will be a lot of help to tutors, non-employee co-op teachers and other homeschool business owners! You can watch the webainr at HomeschoolCPA.com/HSBIZTAXES for a small fee of $10.
Carol, thank you again for the webinar. It was one of the BEST webinars I’ve EVER attended. If you do hold another one, I would pay for it hands down. Totally worth the $10!“ -Denise, webinar attendee
“I actually don’t care for webinars at all – it is not my learning style at all and I struggle to focus, but this one was extremely value and had my attention”. -Mary, webinar attendee
Get Professional Tax Help
Consult a local, small business CPA. To find a local tax preparer I recommend two sources:
- QuickBooks Pro Advisor at https://quickbooks.intuit.com/find-an-accountant
- Dave Ramsey Endorsed Local Provider at https://www.daveramsey.com/elp/tax-advisor
Both of these websites allow you to search for a local tax preparer who is knowledgeable about taxes for small sole proprietor businesses.
Free Record Keeping Resource
A bookkeeping spreadsheet for CC Directors. You can get the spreadsheet now (all it costs is your email!)