Does 501c3 Status Protect Our Homeschool Leaders?

Does 501c3 Status Protect Our Homeschool Leaders?What can you do to protect your homeschool group’s leaders? Does becoming a 501c3 organizations help?

Join Carol Topp, the HomeschoolCPA, as she explains what 501c3 status is and how to protect your leaders.

In the show Carol mentioned a Facebook group called I Am a Homeschool Group Leader: https://www.facebook.com/groups/72534255742/

 

She also mentioned some policies for your group to have from HSLDA: https://www.hslda.org/GroupServices/Leaders.aspx/Legal

 

Visit Carol’s website here!

FEATURED PRODUCT from HomeschoolCPA:

 

 

The IRS and Your Homeschool Organization

 

Does your homeschool group need to pay taxes?  Could they avoid paying taxes by being a 501c3 tax exempt organization? Do you know the pros and cons of 501c3 status? Do you know what 501c3 status could mean for your homeschool group?  I have the answers for you in my book The IRS and Your Homeschool Organization. The information I share in my book has been helpful to homeschool support groups, co-ops, music and sports groups and will help you understand:

  • The benefits of 501c3 status
  • The disadvantages too!
  • What it takes to make the IRS happy
  • What your state requires
  • Why your organization should consider becoming a nonprofit corporation
  • What is the difference between nonprofit incorporation and tax exemption
  • IRS requirements after you are tax exempt

Click Here to request more information!


Special Thanks to our Network Sponsor!


We’d like to thank our Ultimate Homeschool Radio Network sponsor Sony and their new movie, The Star, the Story of the First Christmas – Coming in Theaters November 17th!

Visit TheStarMovie.com to learn more.


The Difference Between Nonprofit and Tax Exempt Status

The Difference Between Nonprofit and Tax Exempt Status Do you know the difference between nonprofit and tax exempt status?

The difference can be confusing, so HomeschoolCPA, Carol Topp, explains the difference in plain English and gives a real life example in today’s podcast episode.

 

Visit Carol’s website here!

 

 

 

 

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

 

The IRS and Your Homeschool Organization

 

Does your homeschool group need to pay taxes?  Could they avoid paying taxes by being a 501c3 tax exempt organization? Do you know the pros and cons of 501c3 status? Do you know what 501c3 status could mean for your homeschool group?  I have the answers for you in my book The IRS and Your Homeschool Organization. The information in this book has been helpful to homeschool support groups, co-ops, music and sports groups and will help you to understand:

  • The benefits of 501c3 status
  • The disadvantages too!
  • What it takes to make the IRS happy
  • What your state requires
  • Why your organization should consider becoming a nonprofit corporation
  • What is the difference between nonprofit incorporation and tax exemption
  • IRS requirements after you are tax exempt

Click Here to request more information!

 

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What Does a Treasurer Do?

Carol Topp of HomeschoolCPA explains the tasks a treasurer does in your homeschool board and why her position needs lots of oversight. Do you think all a treasurer does is write checks? Their job involves a lot more that that! Carol Topp of HomeschoolCPA explains the tasks a treasurer does and why her position needs lots of oversight.

In the podcast Carol mentioned a list of Best Financial Practices. Find it here: http://HomeschoolCPA.com/Fraud

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

 

Money Management in a Homeschool Organization

Does your homeschool group manage their money well? Do you have a budget and know where the money is spent? Do you know how to prevent fraud? This 115 page book will help you to open a checking account, establish a budget, prevent mistakes and fraud, use software to keep the books, prepare a financial statement and hire workers. Sample forms and examples of financial statements in clear English are provided.

Click Here to request more information!

 


Special Thanks to our Network Sponsor!


We’d like to thank our Ultimate Homeschool Radio Network sponsor Sony and their new movie, The Star, the Story of the First Christmas – Coming in Theaters November 17th!

Visit TheStarMovie.com to learn more.


Giving Scholarships or Discounts

Giving scholarships or discounts

Does your homeschool group give discounts, scholarships or benevolent gifts? What’s the difference and how should they be operated? Homeschool CPA Carol Topp offers advice and tips on offering help for needy members in this episode.

 

 

 

 

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

 

Money Management in a Homeschool Organization

Does your homeschool group manage their money well? Do you have a budget and know where the money is spent? Do you know how to prevent fraud? This 115 page book will help you to open a checking account, establish a budget, prevent mistakes and fraud, use software to keep the books, prepare a financial statement and hire workers. Sample forms and examples of financial statements in clear English are provided.

Click Here to request more information!

 

 

 


Special Thanks to our Network Sponsor!

We’d like to thank our Ultimate Homeschool Radio Network sponsor Raddish – a cooking club and curriculum, specially designed FOR KIDS by chefs and educators! Raddish is perfect for homeschooling families! Teach thematic cooking lessons that incorporate math, science, nutrition, geography, and culture. With Raddish, the kitchen is the tastiest place to learn! Use coupon code PODCAST at checkout for $15 off a 6 or 12 month membership. Visit RaddishKids.com/Homeschool to learn more and to download a free lesson.
Check out this info pack: Raddish One Page

Why Do Volunteers Quit?

Why Do Volunteers Quit?  Interview with Beth Mora and Carol Topp, CPA.Why do volunteers quit or leave your organization? Carol Topp interviews Beth Mora of www.HereToHelpLearning.com who discusses two reasons why volunteers leave your homeschool group.

Beth’s entire workshop on Recruiting and Retaining Volunteers is available at https://www.alliancerecordings.com/?context=&cid=61. The notes form her workshop are available at http://HereToHelpLearning.com/Notes

 

Visit Carol’s website here!

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

 

 

Homeschool Co-ops:  How to Start Them, Run Them, and Not Burn Out

Have you ever thought about starting a homeschool co-op? Are you afraid it will be too much work? Do you think you’ll have to do it all by yourself? Starting a homeschool co-op can be easy! This book Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out will give you ideas, inspiration, tips, wisdom and the tools you need to start a homeschool co-op, run it and not burn out!

Click Here to request more information!

 

How does the IRS see my homeschool support group?

How does the IRS see my homeschool support group?Your homeschool support group is probably a social club in the eyes of the IRS. Listen to this short podcast as Carol Topp, the HomeschoolCPA explains that social clubs can get automatic tax exempt status without applying, but they must maintain that tax-free status.

Here’s a link to the blog post Carol mentioned in the podcast: How to get into the IRS exempt database: http://homeschoolcpa.com/how-to-get-added-to-the-irs-database-and-file-the-form-990n/

 

Visit Carol’s website here!

 

 

 

 

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

 

The IRS and Your Homeschool Organization

 

Does your homeschool group need to pay taxes?  Could they avoid paying taxes by being a 501c3 tax exempt organization? Do you know the pros and cons of 501c3 status? Do you know what 501c3 status could mean for your homeschool group?  I have the answers for you in my book The IRS and Your Homeschool Organization. The information I share in my book has been helpful to homeschool support groups, co-ops, music and sports groups and will help you understand:

  • The benefits of 501c3 status
  • The disadvantages too!
  • What it takes to make the IRS happy
  • What your state requires
  • Why your organization should consider becoming a nonprofit corporation
  • What is the difference between nonprofit incorporation and tax exemption
  • IRS requirements after you are tax exempt

Click Here to request more information!

 

Should my homeschool group be a nonprofit or a for-profit business?

Should my homeschool group be a nonprofit or a for-profit business?A woman asks if her Classical Conversations homeschool program should be a for-profit business or a nonprofit organization. Carol Topp, CPA explains the four differences between for-profit and nonprofits.

 

Visit Carol’s website here!

 

 

 

 

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

 

 

Phone Consultation with Carol Topp, CPA

Phone Consultation: A pre-arranged phone call to discuss your questions. My most popular service for homeschool leaders. It’s like having your own homeschool expert CPA on the phone!

Cost: $75/hour to nonprofit organizations.  $100/hour to for-profit businesses. $60 minimum.

Q &A by Email:  I am willing to answer questions by email, but it is very time consuming to read and reply to emails. I charge a reduced rate of $50/hour to read and reply to emails. Minimum $25.

Contact HomeschoolCPA, Carol Topp, CPA, to arrange a telephone consultation.

Click Here to request more information!

 

How can I thank my homeschool group’s volunteers?

How can I thank my Homeschool group's volunteers?How Can I Thank My Homeschool Group’s Volunteers?

It’s the end of your homeschool organization’s school year and you want to thank your volunteers. They work so hard, so you hand out generous gift cards as thank you gifts. You may have just created a tax liability for your volunteers! Carol Topp, CPA, the Homeschool CPA discusses ways to thank your volunteers that are tax-free.

Visit Carol’s website here!

 

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

Paying Workers in a Homeschool Organization

Are you paying workers in your homeschool organization? Can a volunteer be paid? Should a worker be treated as an employee or independent contractor? Do you know the difference?

Homeschool leader and CPA, Carol Topp, has the answers to your questions in her book Paying Workers in a Homeschool Organization.

This 130 page book covers paying workers as employees or independent contractors. There are alos chapters on paying volunteers and board members. It includes sample forms, tips and advice to help you pay workers in accordance with the IRS laws to help your organization pay their workers correctly. Written specifically for homeschool organizations.

Click Here to request more information!

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Can My Homeschool Group Collect Money Now That’s For Next Year?

Can My Homeschool Group Collect Money Now That's For Next Year?Can My Homeschool Group Collect Money Now That’s For Next Year?

Many homeschool groups collect deposits in the spring for next fall’s programs. This helps with determining how many families will be returning. But how should these early deposits be recorded in a homeschool group’s bookkeeping. Carol Topp, the Homeschool CPA offers some ideas.

In the podcast Carol mentioned a handout that explains how to record early deposits in accounting software like QuickBooks. Here it is:

Deferred Revenue in QuickBooks (pdf)

Visit Carol’s website here!

 

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

 

Money Management in a Homeschool Organization

Does your homeschool group manage their money well? Do you have a budget and know where the money is spent? Do you know how to prevent fraud? This 115 page book will help you to open a checking account, establish a budget, prevent mistakes and fraud, use software to keep the books, prepare a financial statement and hire workers. Sample forms and examples of financial statements in clear English are provided.

Click Here to request more information!

 

 

 

 

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