Dollars and Sense

Recruiting Volunteers

Does your homeschool group have a hard time finding volunteers? Many groups struggle with getting people to help out. Homeschool leader Michele Gross shares some great tips for recruiting volunteers with host Carol Topp. Does your homeschool group have a hard time finding volunteers? Many groups struggle with getting people to help out. Homeschool leader Michele Gross shares some great tips for recruiting volunteers with host Carol Topp. Michele has been a homeschool leader for 15 years and currently is the founder and director of The Learning Connection in New Jersey.

In this episode of the HomeschoolCPA podcast, Carol Topp will share:

 

  • Don’t strive for an event. If you have no volunteers, there is no event.
  • Poll members for their gifts and talents. Michele has tips and ideas on how to collect that information
  • How to pull a volunteer out of their comfort zone.
  • Talk individually and ask for volunteers in person, if possible.
  • Train your replacement. Reproduce yourself or the group may not last.

My favorite quote from Michele was “Sharing your knowledge is the best thing you can do for the next generation of homeschool moms.”

 

 

 

Featured Product

A Board Manual for homeschool organizations. I think you’ll find it helpful to organize your board and run your homeschool organization successfully!

Author and homeschool advisor, Carol Topp, CPA, has created a Homeschool Organization Board Manual. It is a template to create a board member binder. It has:

  • A list of important documents to keep in your binder
  • Section dividers so you can organize the important papers
  • Tools to help you run your meetings smoothly including
  • A sample agenda that you can use over and over again
  • A calendar of board meetings

But this is more than just a few cover sheets for your binder. It is also a 55-page board training manual with helpful articles on:

  • Suggested Board Meeting Topic List
  • Board Duties
  • Job Descriptions for Board of Directors
  • What Belongs in the Bylaws?
  • Compensation and Benefits for Board Members
  • Best Financial Practices Checklist
  • How to Read and Understand Financial Statements
  • Developing a Child Protection Policy

Read more about the Homeschool Organization Board Manual


Special Thanks to Our Network Sponsor – Christian Standard Bible

The Christian Standard Bible captures the Bible’s original meaning without compromising clarity. An optimal blend of accuracy and readability, this translation helps readers make a deeper connection with God’s Word and inspires lifelong discipleship. The CSB is for everyone—for readers young and old, new and seasoned. It’s a Bible pastors can preach from and a Bible you can share with your neighbor hearing God’s Word for the very first time.

Find out more here!


ABC Test for Independent Contractors

Is your homeschool teacher an employee or Independent Contractor? Find out from Carol Topp, CPA, in today's podcast! #homeschool #podcastIs your homeschool teacher an employee or Independent Contractor?

In 2018 California Supreme Court tried to make that questions easier to answer with a simpler 3 part test: The ABC Test for Independent Contractor status.

Can You Pass The Three-Part ABC Test?

Employers must be able to answer yes to all three parts of the ABC Test if they want to classify workers as independent contractors:

  • The worker is free from the control and direction of your homeschool organization or business in relation to the performance of the work, both under the contract and in fact;
  • The worker performs work that is outside the usual course of your homeschool organization or business; AND
  • The worker is customarily engaged in an independently established trade, occupation, or business of the same nature as the work your homeschool organization or business hired them to perform.

Which parts of the ABC test do homeschool groups usually comply with?

Which part do they typically fail to pass?

Listen to the podcast for Carol’s reply.

 

 

Featured Resource

In the podcast Carol mentioned paying teachers or tutors of others in a homeschool business or nonprofit organization. Her book, Paying Workers in a Homeschool Organization has more information about paying Independent Contractors and employees.

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 also 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.


Special Thanks to Our Network Sponsor – Christian Standard Bible

The Christian Standard Bible captures the Bible’s original meaning without compromising clarity. An optimal blend of accuracy and readability, this translation helps readers make a deeper connection with God’s Word and inspires lifelong discipleship. The CSB is for everyone—for readers young and old, new and seasoned. It’s a Bible pastors can preach from and a Bible you can share with your neighbor hearing God’s Word for the very first time.

Find out more here!


Form 1099-MISC is due Jan 31!

In today’s podcast Carol answers a question form a new Classical Conversations director who asks, “Do I need to give Classical Conversations a 1099-MISC for the licensing fees I paid to them?”  Listen to the podcast for Carol’s reply.

Did you know there are some tax forms to file before April 15? There are if you are a homeschool business owner or homeschool nonprofit that paid anyone more than $600 in 2018.

I’m talking about the IRS Form 1099-MISC that is given to Independent Contractors paid more than $600 by your homeschool business or group.

In today’s podcast Carol answers a question from a new Classical Conversations director who asks, “Do I need to give Classical Conversations a 1099-MISC for the licensing fees I paid to them?”

Listen to the podcast for Carol’s reply.

In the podcast, Carol mentioned that she uses Yearli.com to file her 1099-MISc.

Yearli by Greatland is the best way for businesses to file 1099, W-2 & 1095 (ACA) forms. Best of all, you’ll receive 15% off your filings because I referred you. Check them out! https://mbsy.co/rzrbp

 

 

 

 

Featured Resource

In the podcast I mentioned my paying teachers or tutors of others in a homeschool business or nonprofit organization. My book, Paying Workers in a Homeschool Organization has more information about paying Independent Contractors and employees.

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 also 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.

Taxes for Homeschool Business Owners

How to do Taxes for Homeschool Business Owners -- from Carol Topp -Homeschool CPA Taxes! 2018 tax returns will be better rough with massive tax law changes and the new look for the Form 1040. Tax preparation for homeschool business owners is even more complex than regular taxpayers. Fortunately, HomeschoolCPA is here to help. I’m offering a free, live webinar.

Taxes for Homeschool Business Owners Webinar

Free live on Monday January 21, 2019 at 8 pm ET. Webinar replay: $10.

HomeschoolCPA.com/HSBIZTAXES

This webinar is for:

  • Paid teachers at a homeschool co-op
  • CC tutors getting paid as Independent Contractors
  • CC directors running a community
  • Music teachers, tutors, coaches, etc. running their own businesses
  • Business owners selling services to the homeschool marketplace

Here’s what the webinar will cover:

  • Tax changes for 2018 (highlights)
  • New tax deduction for businesses in 2018!
  • The new redesigned IRS Form 1040
  • How to pay yourself
  • Tax deductions common to homeschool business owners
  • IRS tax forms Schedule C and SE
  • Self-employment tax
  • A sample tax return.

This webinar will not cover:

  • Nonprofit organizations, but if you work as an Independent Contractor for a nonprofit, this webinar is for you.
  • Businesses organized as partnerships or corporations. I won’t have time to go into these more complex tax structures.
  • Businesses selling products like homeschool curriculum or ebooks

The webinar will be FREE for all who register and attend live. It will be free for about 24 hours after the webinar to all who register. After that, a small fee of $10 will be charged for viewing the webinar video.

 

Featured Product

Taxes for Homeschool Business Owners Webinar

Free live on Monday January 21, 2019 at 8 pm ET

Webinar reply: $10.

HomeschoolCPA.com/HSBIZTAXES

Tips for a New Homeschool Group Treasurer

Amanda’s board follows a good rule for treasurers. They want a person to serve on the board for at least one year before serving as treasurer.Homeschool leader Amanda Shafer is a woman of many talents. After first serving as her board secretary, she is now switching to serving as their treasurer!

Amanda’s been secretary of her homeschool group, Heartland Homeschool Association in southeast Missouri. But she agreed to a new role as treasurer. In this episode of the HomeschoolCPA podcast host Carol Topp and Amanda discuss:

  • Keeping a master file of important papers
  • Having a calendar at every board meeting
  • What a homeschool organization’s treasurer does
  • A really good policy for new treasurers
  • How often a treasurer should give a report
  • Possible software systems for homeschool groups
  • How to get a free copy of Quickbooks online. Use Quickbooks online for free

 

Amanda’s board follows a good rule for treasurers. They want a person to serve on the board for at least one year before serving as treasurer. “No new hand get into the money!” was how Amanda explains it. That sounds wise to me.

Carol and Amanda met online at the I Am a Homeschool Group Leader Facebook Group. It is a closed group (meaning you have to request to join) of 600+ homeschool leaders from across the USA. You can join us here: https://www.facebook.com/groups/72534255742/

 

Featured Product

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?
  • When is it time to use accounting software?
  • 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 for more information

What Should a Homeschool Group Secretary be Doing?

Homeschool leader Amanda Shafer is a woman of many talents. Listen as she shares about  serving as her homeschool group's board secretary.Homeschool leader Amanda Shafer is a woman of many talents. After first serving as her board secretary, she is now switching to serving as their treasurer!

Amanda’s role a secretary of her homeschool group, Heartland Homeschool Association in southeast Missouri included sending emails, newsletters and handling registration for 90 families! It was a large task. Listen to hear how Amanda stayed organized and reduced the full day-long paper registration to an online system that takes only 10 minutes!

In this episode of the HomeschoolCPA podcast host Carol Topp and Amanda discuss:

  • What a homeschool organization’s secretary does
  • Some tips for registering families for co-op classes
  • Some useful tools she uses to send out newsletters and emails.
  • How online registration helped her co-op
  • What board minutes should look like
  • How to run an effective board meeting

Carol and Amanda met online at the I Am a Homeschool Group Leader Facebook Group. It is a closed group (meaning you have to request to join) of 600+ homeschool leaders from across the USA. You can join us here: https://www.facebook.com/groups/72534255742/

 

Featured Product

Does your homeschool board know and understand its duties?

Author and homeschool advisor, Carol Topp, CPA, has created a Homeschool Organization Board Manual. It is a template to create a board member binder. It has:

  • A list of important documents to keep in your binder
  • Section dividers so you can organize the important papers
  • Tools to help you run your meetings smoothly including
  • A sample agenda that you can use over and over again
  • A calendar of board meetings

But this is more than just a few cover sheets for your binder. It is also a 55-page board training manual with helpful articles on:

  • Suggested Board Meeting Topic List
  • Board Duties
  • Job Descriptions for Board of Directors
  • What Belongs in the Bylaws?
  • Compensation and Benefits for Board Members
  • Best Financial Practices Checklist
  • How to Read and Understand Financial Statements
  • Developing a Child Protection Policy

Read more about the Homeschool Organization Board Manual

Is it illegal to NOT be a homeschool nonprofit?

Carol Topp, the HomeschoolCPA was recently asked if a homeschool co-op had to be a nonprofit? Tune in as Carol Topp answer this question.Carol Topp, the HomeschoolCPA was recently asked if a homeschool co-op had to be a nonprofit?  The homeschool leader, Laura, asked, “Does a homeschool co-op have to be a nonprofit or can it just run using PayPal account to collect insurance and facility fees that get paid doesn’t out again. Is it illegal to not be a nonprofit?”

I understand her confusion. I discuss nonprofit status so often that homeschool leaders wonder if its absolutely necessary.

In this episode of the podcast, Carol explains

  • What two things it takes to be a nonprofit
  • The difference between nonprofit and tax exempt status
  • If you’re not a nonprofit, what are you?
  • Some of the tax advantages of being a nonprofit
  • Other advantages of being a nonprofit

 

 

Featured Product

Have questions about nonprofit and tax exempt status? Do you know the difference?

Carol’s book The IRS and Your Homeschool Organization has the answers

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

Changes in Why People Homeschool

Homeschool leader Melissa Robb has noticed that the reason people homeschool has changed. Do you notice a difference in your area, too? Homeschool leader Melissa Robb has noticed that the reason people homeschool has changed.  Do you notice a difference in your area, too?

In today’s podcast Carol Topp interviews homeschool leader Melissa Robb from Rhode Island.  Melissa’s organization, ENRICH, hosts monthly information meeting for people interested in homeschooling. She discusses what she has seen:

  • Parents now think about homeschooling when their children are infants or preschoolers
  • Many parents are homeschooling to avoid a bad situation
  • Some students may need to de-school or unschool
  • Information sessions deliver more than information-they bring hope and confidence to parents considering homeschooling
  • Over-compliance with legal requirements can be a problem 

In the podcast, Carol mentioned the I Am a Homeschool Group Leader Facebook Group. It is a closed group (meaning you have to request to join) of 530 homeschool leaders from across the USA. You can join us here: https://www.facebook.com/groups/72534255742/

 

 

Featured Resource:

Phone Consultation with Carol Topp, CPA

Do you have questions about leading your homeschool organization? Carol Topp’s website, books and this podcast are a great way to learn the basics, but maybe you need advice specific to your group. Carol Topp, CPA can arrange a private phone consultations with you and your board members.

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.

We can arrange a conference call so all your board members can call in from their own homes. The call can be recorded for those unable to attend.

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

Hosting an Introduction to Homeschooling Event

In this week's episode Melissa Robb explains why her homeschool group devotes time to monthly Introduction to Homeschooling Events. Homeschool leader Melissa Robb doesn’t just care about her group’s members, she also helps the public by leading introduction to homeschooling sessions! This is a terrific idea that I wish every homeschool group did. Melissa explains why her homeschool group, ENRICH in Rhode Island devotes time to these information events and how they benefit her group and homeschooling in general.

In this episode of the HomeschoolCPA podcast Melissa explains:

• Why she started does monthly Introduction to Homeschooling events for the general public
• What information she shares at the information events
• How these event offer emotional support to parents

Carol and Melissa met online at the I Am a Homeschool Group Leader Facebook Group. It is a closed group (meaning you have to request to join) of 500+ homeschool leaders from across the USA. You can join us here: https://www.facebook.com/groups/72534255742/

 

 

 

Featured Product

Homeschool Co-ops: How to Start Them, Run Them and not Burn Out
Have you ever thought about starting a homeschool co-op like Becky did? 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!

 

 

 

In this week's episode Melissa Robb explains why her homeschool group devotes time to monthly Introduction to Homeschooling Events.

Don’t Take Things Personally

Becky shares some tips and a very helpful mindset (involving a bus driver) that will help you overcome disappointment. #homeschool #podcastHas anybody ever disappointed you? Maybe you feel personally hurt by your homeschool group members.

Homeschool leader Becky Abrams leads a homeschooling co-op in Oregon. She has learned how to avoid take things personally. It takes practice, but Becky shares some tips and a very helpful mindset (involving a bus driver) that will help you overcome disappointment.

In this episode of the HomeschoolCPA podcast Becky explains:

  • How to deal with unmet expectations
  • How to avoid taking things (like a family leaving your co-op) personally
  • A great illustration about how homeschool groups are like a bus!
  • How to avoid stewing on emotional issues and disappointment
  • Why member might leave your homeschool group
  • A helpful mindset starts with controlling our thoughts

My favorite quote from Becky in this episode is “It’s very likely it doesn’t have anything to do with you!”

In the podcast, Carol mentioned the I Am a Homeschool Group Leader Facebook Group. It is a closed group (meaning you have to request to join) of 500 homeschool leaders from across the USA. You can join us here: https://www.facebook.com/groups/72534255742/

 

Featured Product:

Phone Consultation with Carol Topp, CPA

Do you have questions about leading your homeschool organization? Carol Topp’s website, books and this podcast are a great way to learn the basics, but maybe you need advice specific to your group. Carol Topp, CPA can arrange a private phone consultations with you and your board members.

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.

We can arrange a conference call so all your board members can call in from their own homes. The call can be recorded for those unable to attend.

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

Click Here to request more information!

 

Becky shares some tips and a very helpful mindset (involving a bus driver) that will help you overcome disappointment.