Dollars & Sense

A Production of the Ultimate Homeschool Podcast Network.

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The Dollars and Sense Show offers advice to homeschool leaders, by the HomeschoolCPA, Carol Topp, so it is sometimes called HomeschoolCPA podcast.

Join Carol Topp as she shares advice, tips and encouragement with homeschool leaders.

Carol Topp, the HomeschoolCPA, is an accountant, author and retired homeschool mom (after 14 years both her daughters are homeschool, high school graduates). She takes confusing topics such as money, business, and taxes and puts them into easy-to-understand English.

On the show Carol will discuss:

  • Starting and running a homeschool program
  • How to manage the money
  • Paying workers as employees or independent contractors
  • What you need to know about the IRS and tax exempt status in clear English!

 

Listen to the shows below or download to your podcast player.

How to Listen to the Podcast

  • You can listen to the podcast here on the internet by scrolling down to view the episodes. Click the play button.
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Dollars & Sense
Dollars & Sense
Carol Topp

Managing Money & Business

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(Click on the title of any episode below to be linked to the show notes for that episode.)

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Dollars & Sense Episodes

What do the Duties of Care and Loyalty Look Like?

What do the Duties of Care and Loyalty look like? HomeschoolCPA Carol Topp frequently mentions that homeschool leaders have a duty of care and loyalty to their groups. What does a duty of care look like? How do I know if I am being loyal? This recording is from a workshop given to homeschool leaders […]

Mindset for Homeschool Leaders

Mindset for Homeschool Leaders HomeschoolCPA, Carol Topp spoke to a group of homeschool group leaders in Texas about a good mindset and attitudes that are necessary for leading a homeschool group. In this episode Carol reminds leaders of three things they may have forgotten: You cannot be all things to all people-so stop trying! Your […]

Using Zoom and Giving Refunds

During the COVID-19 pandemic many homeschool programs used Zoom to stay connected with members. Three group leaders share how they used Zoom in their programs in this podcast episode. In June 2020, Carol Topp of HomeschoolCPA.com hosted a webinar titled Planning an Uncertain Future for homeschool group leaders. The purpose of the webinar was to […]

Communicating Plans and Organizing Classrooms

On June 1, 2020, Carol Topp of HomeschoolCPA.com hosted a webinar titled Planning an Uncertain Future for homeschool group leaders. The purpose of the webinar was to help homeschool groups plan their fall activities given the COVID-19 pandemic was making it uncertain of they could operate. The webinar is available to watch on YouTube at […]

Do you have a concern about lawsuits related to COVID-19?

Do you have a concern about lawsuits related to COVID-19? As a homeschool group leader you may have concerns that a lawsuit could be brought against your group is someone contracts COVID-19. On June 1, 2020, Carol Topp of HomeschoolCPA.com hosted a webinar titled Planning an Uncertain Future for homeschool group leaders. The purpose of […]

Social Distancing in a Homeschool Group

Social Distancing in a Homeschool Group Three homeschool leaders discuss the challenges of social distancing during the COVID-19 pandemic. In June 2020, Carol Topp of HomeschoolCPA.com hosted a webinar titled Planning an Uncertain Future for homeschool group leaders. The purpose of the webinar was to help homeschool groups plan their fall activities given the COVID-19 […]

Tools for Planning an Uncertain Future

Tools for Planning an Uncertain Future Carol Topp of HomeschoolCPA.com hosted a webinar titled Planning an Uncertain Future for homeschool group leaders in June 2020. The purpose of the webinar was to help homeschool groups plan their fall activities given the COVID-19 pandemic was making it uncertain of they could operate. This podcast will air […]

Planning an Uncertain Future for Homeschool Groups

Planning an Uncertain Future for Homeschool Groups On June 1, 2020, Carol Topp of HomeschoolCPA.com hosted a webinar titled Planning an Uncertain Future for homeschool group leaders. The purpose of the webinar was to help homeschool groups plan their fall activities given the COVID-19 pandemic was making it uncertain if they could operate. The webinar […]

Special Replay: Tax Exempt Q&A with Homeschool Leaders

This episode is an excerpt from the Indiana Homeschool Leaders Retreat. Carol Topp discusses tax exempt status and answers questions about self-declaring tax exempt status for your homeschool support group.   Visit Carol’s website here               FEATURED PRODUCT from HomeschoolCPA:     The IRS and Your Homeschool Organization Does your homeschool […]

What’s the Difference Between Pod Schools and Homeschools?

Have you heard of pod schools? They are groups of parents who gather together to educate their children outside of their public school system. They became very popular as in-person schools closed due to the COVID-19 pandemic in the fall of 2020. In the previous episode (#195) host Carol Topp, the Homeschool CPA, discussed with […]

Pandemic Podschooling: Is It Homeschooling?

Have you heard of “pandemic pods”? They are groups of parents who gather together to teach or hire a teacher to educate 3-6 students outside of their public school system. They became very popular as in-person schools closed due to the COVID-19 pandemic in the fall of 2020. Carol Topp, the Homeschool CPA discusses with […]

Special Replay: Churches and Homeschool Groups

 Some homeschool groups find it difficult to find a church host. Why is that? This episode is an excerpt from a homeschool leaders retreat held in Indiana. Carol Topp discusses the relationship homeschool groups have with churches who host their programs.   Visit Carol’s website here!                     […]

Special Replay: What Homeschool Leaders Don’t Know About Losing Tax Exempt Status

What Homeschool Leaders Don’t Know About Losing Tax Exempt Status Carol Topp, CPA, the HomeschoolCPA will share tips on important issues that homeschool leaders may not know about. This episode will focus on helping homeschool leaders know what to do if their organization has lost its tax exempt status. Visit Carol’s website here       […]

Special Replay: What Homeschool Leaders Don’t Know About IRS Annual Reports

What Homeschool Leaders Don’t Know About IRS Annual Reports Carol Topp, CPA, the HomeschoolCPA will share tips on important issues that homeschool leaders may not know about IRS Annual Report. This episode will focus on helping homeschool leaders understand a report that the IRS requires from all tax exempt organizations–including your group! It’s called the Form […]

Special Replay: What Homeschool Leaders Don’t Know About Tax Exempt Status

What Homeschool Leaders Don’t Know About Tax Exempt Status Carol Topp, CPA, the HomeschoolCPA, will share tips on important issues that homeschool leaders may not know about. This episode will focus on helping homeschool leaders understand tax exempt status. It’s easier than ever to get tax-exempt status. Should your group apply? Visit Carol’s website here […]

Special Replay: What Homeschool Leaders Don’t Know About Non-Profit Status

What Homeschool Leaders Don’t Know About NonProfit Status Carol Topp, CPA, the HomeschoolCPA will share tips on important issues that homeschool leaders may not know about. This episode will focus on helping homeschool leaders understand nonprofit status for their groups. What does it take to be a nonprofit? Only two things! Did you know that […]

Best Of HomeschoolCPA: Board Binder: Board Training All Year Long

In the new Board Member Manual, Carol Topp, CPA offers has important topics your board should discuss every year. Make a plan to cover one topic a month and do board training all year long. She shares those topics on today’s podcast.   Visit Carol’s website here!                 […]

Best Of HomeschoolCPA: Can We 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 […]

If I’m Not a Homeschool Leader, What am I?

The COVID-19 pandemic has meant that many homeschool leaders have no group to lead. Some may enjoy the break from responsibilities, but other feel lost and lonely without their groups. Carol Topp, the HomechoolCPA is joined by Doreen Browning, co-moderator of the I am a Homeschool Group Leader Facebook group and Jamie Buckland, Classical Program […]

Stay Connected with Your Homeschool Group During COVID-19

Stay Connected with Your Homeschool Group During COV-19 The COVID-19 pandemic and the requirements to practice social distancing has meant that many homeschool groups can no longer meet face-to-face. How can homeschool groups stay connected during this time? Carol Topp, the HomechoolCPA is joined on today’s podcast by Doreen Browning, co-moderator of the I am […]

Closing Your Homeschool Group During COVID-19

Has COVID-19, the novel corona virus pandemic, caused your homeschool group to close, suddenly? How did you make the decision to cancel your program?

Speech and Debate Club – Unsure of Its Setup?

Carol Topp, the Homeschool CPA, is frequently asked by small homeschool groups if they are setup up correctly. Do they owe taxes? Do they need to be a nonprofit corporation? Henry  writes, “Can a small homeschool education club focused on speech and debate be categorized as an “unincorporated association” and therefore not apply for recognition […]

Conflict of Interest: Paid Teachers as Board Members in a Homeschool Group

Conflict of Interest: Paid teachers as board members in a homeschool group A homeschool leader is concerned about a conflict of interest if she wants to be a board member and paid teacher. Jessica, who wants to start a homeschool co-op emailed HomeschoolCPA Carol Topp this situation: “I have a question about the conflict of […]

Set Up Homeschool Family as a Charity

Carol Topp, the Homeschool CPA is sometimes asked if a homeschool family can be a charity.  Sometimes a homeschool spouse wants to set up a business and hire their spouse to homeschool their children. Can this be done? Are there tax breaks for doing this? R.A. writes, “I would like some preliminary information on setting […]

Paying Volunteer Teachers

A homeschool leader asks if the way her group pays volunteer teacher is legal. Holly, a homeschool group leader emailed HomeschoolCPA Carol Topp this situation: “I need guidance on the method with which our organization’s volunteers are paid teacher fees. We are collecting cash from all the members for their children’s class fees, and redistributing […]

Q&A: Do I Give Classical Conversations a 1099-MISC?

Carol Topp starts a new feature: Q&A with HomeschoolCPA in her podcast for homeschool leaders.  In this first Q&A session, she is asked by a Classical Conversations® Director if she needs to give Classical Conversations® Corporation a 1099-MISC for the licensing fees she pays them. It’s an excellent question and Carol Topp, CPA explains the […]

Free Ebook: Taxes for Homeschool Business Owners

Are you a tutor, teacher or CC director of a homeschool business? You might be very confused about your taxes. Carol Topp, the HomeschoolCPA, has a book for you! And she’s giving it away for free, but only in January 2020! The ebook is 60 pages long and contains information on: Business Start Up LLC […]

Do It Yourself Application for 501c3 Status

Do It Yourself Application for 501c3 Status – Carol Topp, the HomeschoolCPA enjoys sharing her knowledge via webinars including these three she mentions on the podcast: Create a Nonprofit Organization for Your Homeschool Community: This first webinar explains the differences between running a business and a nonprofit. Carol explains boards, budgets and Bylaws and Nonprofit […]

Top 10 Tips for Homeschool Leaders: Insurance & Record Keeping

Homeschool leaders sometimes wonder when they need an insurance policy. And what type of policy do they need?   In this episode Carol Topp, CPA discusses the various types of insurance a typical homeschool group might need. Additionally, homeschool leaders get a few tips on record keeping and reimbursements for expenses.   This is the […]

Top 10 Tips for Homeschool Leaders: Paying Workers

Lots of homeschool groups hire and pay teachers to conduct classes. Sometimes these teachers are homeschool parents, but sometimes they are professional instructors. Homeschool leaders have a lot of questions about paying teachers and other workers. Topics in this episode include: • Independent Contractor or employee • The factors the IRS considers in classifying workers […]

Top 10 Tips for Homeschool Leaders: Preventing Fraud

Top 10 Tips for Homeschool Leaders: Preventing Fraud   Let’s hope fraud or embezzlement never happens in your homeschool group! Do you have safeguards to spot it and prevent it?   This is the third part of a 5-part series on Top 10 Tips for Running a Homeschool Group, Carol Topp, CPA shares some tips […]

Top 10 Tips for Homeschool Leaders: Bylaws

Top 10 Tips for Homeschool Leaders: Bylaws   “Are bylaws and a board really necessary or is that only for homeschool groups that are 501c3 nonprofits?” was a great question asked by a homeschool leader at a workshop given to homeschool leaders in Wichita, Kansas.   In this second part of a 5-part series on […]

Top 10 Tips for Homeschool Leaders: Board Duties

Top 10 Tips for Homeschool Leaders: Board duties What does it take to be a board member of a homeschool group? Is it just attending meetings? Carol Topp, the Homeschool CPA explains the 4 duties of nonprofit board members: Duty of Care, Loyalty, Compliance and Management.   This is the first part of a 5-part […]

Tiny Homeschool Groups: Do We Need a Bank Account?

Tiny homeschool groups have different challenges than large programs. They are limited on resources, volunteers, and activities. But they still have questions about legal status, money and taxes that the large homeschool organizations have. In this 4-part podcast series, Carol Topp, CPA answers the common questions that tiny homeschool groups face. Find all the episodes […]

Tiny Homeschool Groups: Do We Need to Pay Taxes?

Tiny homeschool groups have different challenges than large programs. They are limited on resources, volunteers, and activities. But they still have questions about legal status, money and taxes that the large homeschool organizations have. In this 4-part podcast series, Carol Topp, CPA answers the common questions that tiny homeschool groups face. Find all the episodes […]

Tiny Homeschool Groups: Do We Need to File Anything?

Tiny homeschool groups have different challenges than large programs. They are limited on resources, volunteers, and activities. But they still have questions about legal status, money and taxes that the large homeschool organizations have. In this 4-part podcast series, Carl Topp, CPA answers the common questions that tiny homeschool groups face. Find all the episodes […]

Tiny Homeschool Groups: Are We a Nonprofit?

Tiny homeschool groups have different challenges than large programs. They are limited on resources, volunteers, and activities. But they still have questions about legal status, money and taxes that the large homeschool organizations have. In this 4-part podcast series, Carol Topp, CPA answers the common questions that tiny homeschool groups face. Find all the episodes […]

Military Homeschool Families: An Asset to Your Group

A military family can be an asset to your homeschool group. Find out how from homeschool leader Melissa Robb and School Liaison Officer at Newport, RI Naval Base, Pamela Martin. These two ladies have a heart for helping homeschool military families and you’ll learn the benefits of inviting them into your group. In this episode […]

Military Families: How Homeschool Leaders Can Help

Homeschool leader Melissa Robb was never in the military, but she developed a heart for homeschool military families moving to her area. Listen as she tells Carol Topp about how she helped military families with information, connections and friendship. In this episode of the HomeschoolCPA podcast, Carol Topp will share: How to welcome a military […]

Special Needs Resources for Homeschool Co-ops

As a homeschool leader you may need form resources to help you understand a special needs child in your homeschool co-op. Faith Berens, the Special Needs Consultant at the Home School Legal Defense Association (HSLDA), shares several resources with host Carol Topp in today’s episode. • HSLDA’s list of resources https://hslda.org/content/strugglinglearner/default.asp • KeyMinistry.org Download their […]

Special Needs Children in a Homeschool Co-op

Special needs children can be a challenge for a homeschool group leader. In this episode, Faith Berens, Special Needs Consultant at the Home School Legal Defense Association (HSLDA) explains to host Carol Topp how a homeschool co-op can welcome a child with special needs. In this episode of the Homeschool CPA podcast, Faith shared: • […]

Converting a Business to a Nonprofit: Tax Exempt Status

Some homeschool groups that started as a for-profit business want to convert to a nonprofit organization. Most of these nonprofit organization also want 501c3 tax exempt status from the IRS as well. In this 3-part podcast series Carol Topp, CPA has explained the basics of a nonprofit organization and how to form a nonprofit corporation. […]

Converting a Homeschool Business to a Nonprofit: Nonprofit Incorporation

Sometimes a homeschool group started as a for-profit business desires to convert to a nonprofit organization for its many benefits. Can that be done? How hard is it? How costly is it? In the next 3 podcast episodes Carol Topp, CPA will explain how to convert a for-profit business into a nonprofit organization. In this […]

Converting a Homeschool Business to a Nonprofit: The Basics

  Sometimes a homeschool group that started as a for-profit business now desires to convert to a nonprofit organization for its many benefits. Can that be done? How hard is it? How costly is it? In the next 3 podcast episodes Carol Topp, CPA will explain how to convert a for-profit business into a nonprofit […]

Working Yourself Out of a Job

Do you have too many plates spinning? Do you wear too many hats in running your homeschool program? Jamie Buckland, a homeschool leader from West Virginia started Appalachia Classical Academy and knows where you are coming from!   Jamie explains to host Carol Topp how she is working herself out of a job. Some of […]

Having Those Hard Conversations When You Lead a Homeschool Group

Ugh! As a homeschool leader, don’t you hate having those hard conversations with families, students of your staff? Jamie Buckland, a homeschool leader from West Virginia started Appalachia Classical Academy and understands having to deal with conflicts. Jamie explains to host Carol Topp how she manages to deal with conflict in her group. Some of […]

Should You Pay Homeschool Teachers

Should your homeschool program pay teachers? Jamie Buckland, a homeschool leader from West Virginia started Appalachia Classical Academy and pays her teachers as employees. How and why would she do that? This podcast will give you something to think about and consider for your homeschool program.   Jamie explains to host Carol Topp how she […]

Dealing with Angry People

Sometimes homeschool leaders must deal with angry members. It seems as if the ugliness from social media creeps into our homeschool groups. It’s happened to Alicia Strunkel, a homeschool leader form Georgia. Alicia explains to host Carol Topp how she has learned to deal with upset people both online and in person. Alicia shares some […]

Dealing with Opposition When You’re a People Pleaser

Are you a people pleaser? Alicia Strunkel, a homeschool leader form Georgia, is, but after 11 years of leading homeschool groups, she has learned how to deal with opposition. Alicia explains to host Carol Topp how she has learned to deal with her feeling when people are upset with her decisions. Alicia shares some tips […]

Keep Meetings to a Minimum

Does your homeschool group have a hard time getting volunteers? Maybe you need to keep meetings to a minimum since homeschoolers are busy people. Homeschool leader Michele Gross shares some great tips on keeping meetings to a minimum but still staying in communication. Michele has been a homeschool leader for 15 years and currently is […]

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. Michele has been a homeschool leader for 15 years and currently is the founder and director of The Learning Connection in […]

ABC Test for Independent Contractors

Is 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 […]

Form 1099-MISC is due Jan 31!

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 […]

Taxes for Homeschool Business Owners

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 […]

Tips for a New Homeschool Group 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 […]

What Should a Homeschool Group Secretary be Doing?

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. […]

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?  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 […]

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? 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 […]

Hosting an Introduction to Homeschooling Event

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 […]

Don’t Take Things Personally

Has 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 […]

How to Have Happy and Thankful Homeschool Co-op Members

Are your homeschool co-op members happy and thankful? Or maybe they are complaining to you. Can that be changed? Homeschool mother Becky Abrams started a homeschooling co-op from scratch which included finding people to help her lead the group. She finds her co-op members are thankful to be a part of something. Many want to […]

Necessity Leads New Homeschooler to Start a Homeschool Co-op

Homeschool mother Becky Abrams started homeschooling out of desperation. “By October homeschooling was a disaster!” she said. Her 3 sons were miserable and lonely, and Becky had a newborn and was lonely herself! She tells host Carol Topp how desperation and necessity drove Becky to start a homeschool field trip group and later launch a […]

Are You Helping or Hindering Parents to Homeschool?

You lead a homeschool group to help parents successfully homeschool, right? But could your homeschool program actually be hindering their success as a homeschool parents?   In this episode of the HomeschoolCPA podcast, Carol Topp will share:   How homeschool groups take on responsibilities that belong to the parent Do you assume your parent, especially […]

Are your Homeschool Group’s Financial Reports Confusing? Webinar for you!

Are you confused by the financial reports from your homeschool group? Do you avoid asking questions because you don’t even know what to ask? You’re not alone! In this short podcast episode (8 minutes)  Carol Topp, the HomeschoolCPA, will tell you about a webinar she is hosting on Monday October 29, 2018 at 8 pm […]

Knowing Your Social Style Can Make Leadership Easier!

Knowing Your Social Style Can Make Leadership Easier Sometimes leading a homeschool group means you are working with people who are very different from you. They want to socialize and you want to get a meeting started. They want to discuss every possible option and you want to make a decision. They want to hurry […]

Deliberately Mentoring Leaders: How Do You Do It?

One of the best things about being in a homeschool group is the community of support you can receive. But do you know how to build a sense of communit In today’s podcast Carol Topp interviews homeschool leader Sheri Payne from Virginia. Sheri is the Director of Leader Support for HEAV, the Home Education Association […]

Why You Can’t Lead Alone

What’s the biggest mistake homeschool leaders make? It’s trying to be a lone wolf and do everything by yourself. In today’s podcast Carol Topp interviews homeschool leader Sheri Payne from Virginia. Sheri is the Director of Leader Support for HEAV, the Home Education Association of Virginia. She shares advice on many topics including the mistakes […]

Leading a Virtual Homeschool Co-op

Homeschool families are pretty familiar with homeschool co-ops. It’s a gathering of homeschool families to cooperate together in teaching classes. They usually meet once a week at a location close to the participating families. But have you ever heard of a virtual homeschool co-op? In today’s podcast Carol Topp interviews homeschool leader Sheri Payne who […]

What’s a Good Way to Handle Conflicts in a Homeschool Group?

Conflict, hurt feeling, gossip, even bullying. Does it happen in your homeschool group Probably! What can you do about it? In today’s podcast Carol Topp interviews homeschool leader Anjoli Gallo. Anjoli runs a group in southern Florida and she shares insight into dealing with conflict.  But she also shares some great tips on how she […]

How Can Your Homeschool Group Feel Like a Community?

One of the best things about being in a homeschool group is the community of support you can receive. But do you know how to build a sense of community? In today’s podcast Carol Topp interviews homeschool leader Angela Weaver. Angela runs a large group in Lynchburg, Virginia and she shares her experience on many […]

What’s the Best Size for a Homeschool Group Board?

Do you wonder if your homeschool group leadership team is too large or too small? What is the best size to be? In today’s podcast Carol Topp interviews homeschool leader Angela Weaver. Angela leads a large group in Lynchburg, Virginia and she shares advice on many topics. Angela had so much experience, that it takes […]

Boards, Burnout and Bylaws: Leadership Tips from a Homeschool Leader

Ever wish you could just sit down with another homeschool leader who understands you and your issues? In today’s podcast Carol Topp interviews homeschool leader Angela Weaver. Angela runs a large group in Lynchburg, Virginia and she shares insight into many topics. It will feel like you’re listening to a good friend. Angela had so […]

Does a Nonprofit Need to File Any Tax Returns Before They Apply for Tax Exempt Status?

Does a Nonprofit Need to File Any Tax Returns Before They Apply for Tax Exempt Status?  IRS requires organizations to file information returns before they apply for tax exempt status. Here’s what the IRS website states: Tax Law Compliance Before Exempt Status Is Recognized An organization that claims tax-exempt status under section 501(a), but has […]

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 not considered part of your nonprofit group’s mission; it is just a means to the […]

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 tax exemption such as accepting donations or doing fundraising. Do these small homeschool groups really need 501c3 tax exempt status? No. They don’t. They can run their activities without the benefits of 501c3 tax exempt status. But then how does the […]

When Applying for an EIN, They Want my Social Security Number!

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 give their Social Security Number […]

Should Your Homeschool Group Be An LLC?

Have you heard of LLC status? It stands for Limited Liability Company status. Sounds like a good things, right? Doesn’t everyone want to limit their liabilities? Yes, they do! So maybe your homeschool group should be an LLC! Or maybe not! The reason that most for-profit businesses obtain the LLC status is for limited liability. […]

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 episode of the HomeschoolCPA podcast, Carol Topp will share: Is it okay to not allow members a vote? Sample […]

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. D&O insurance is sometimes called “legal defense insurance.” It covers lawsuits filed against nonprofit board members, most which are related to employees. If your homeschool organization does not hire employees (and many do […]

Blurring Lines of What is Homeschooling

On the I Am a Homeschool Group Leader Facebook page, a question was asked about being an inclusive group (open at all) or exclusive group (limiting membership). Many homeschool leaders contributed their experiences and reason for their group’s decision. Carol shared those views in Episodes # 129 and #130 which you can find here: Reasons […]

Reasons to be an Exclusive Homeschool Group

Should public-school-at-home parents be joining your homeschool group? Or perhaps your group desires to be more exclusive and have all members be “independent” or “traditionally” homeschooling.   On the I Am a Homeschool Group Leader Facebook page, a question was asked about the pros and cons of mixing homeschool and public-school-at-home students in your group-or, […]

Reasons to Be an Inclusive Homeschool Group

An inclusive homeschool group allows everyone to join regardless of their method of homeschooling and that includes students that are doing public school at home. Is public school-at-home really homeschooling or not? Should public school-at-home parents be joining your homeschool group? Some leaders grapple with the question of whether their group should be inclusive or […]

No Parental Involvement. Is That a Good Thing?

A homeschool curriculum touted the benefit of their program to be “No parental involvement needed.” Is that a good feature or not? Listen as Carol Topp, CPA warns homeschool leaders of the trap they can fall into if they don’t include parents in their homeschool program. Visit Carol’s website here!           […]

Accountability: Do you need it?

“I’m looking at a homeschool program that meets twice a week because it will hold me accountable,” explained a mother of preschoolers interested in homeschooling. My question to her was, “Do you need accountability?” Maybe not! Listen as Carol Topp explains her reply to this new mom considering a homeschool program for a very young […]

Good,Fast And Cheap: Can a Homeschool Co-op Be All Three?

A homeschool co-op offers drop-off high school classes and wants to remain high quality and low cost. The leader is struggling. I say she can’t offer all three: Cheap, good and fast (or convenient for parents). She’ll have to give up one of those goals to remain viable. Listen as Carol Topp, the HomeschoolCPA, explains […]

Policies for Homeschool Co-ops

Policies for Homeschool Co-ops This podcast is an excerpt from a workshop titled Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out. What types of policies should your homeschool co-op have? How will having policies help you avoid burning out as you lead your group? Carol Topp, the HomeschoolCPA, answers these questions […]

Insurance Questions for Homeschool Co-ops

Insurance Questions for Homeschool Co-ops This podcast is an excerpt from a workshop titled Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out. Carol Topp, the Homeschool CPA answers questions from homeschool leaders about insurance, waivers, and using a church’s insurance coverage.  Visit Carol’s website here!             […]

Boards, Bylaws and Budgets for Your Homeschool Co-op

Boards, Bylaws and Budgets for Your Homeschool Co-op This podcast is an excerpt from a workshop titled Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out. When running your homeschool co-op you should have a board, bylaws and a budget. Carol Topp, CPA offers advice and tips on these important topics to […]

Nonprofit Incorporation for Your Homeschool Co-op

Nonprofit Incorporation for Your Homeschool Co-op This podcast is an excerpt from a workshop titled Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out. Carol Topp, CPA explains the benefits of forming your homeschool co-op as a nonprofit corporation and why a leader would want limited liability protection.   Visit Carol’s website […]

Starting Your Homeschool Co-op with a Mission

When starting a homeschool co-op, consider your mission. This podcast is an excerpt from a workshop titled Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out. Carol Topp, the HomeschoolCPA, reminds homeschool leaders that you cannot be all things to all people, nor is your homeschool co-op responsible for homeschooling other people’s […]

Leading a Large Homeschool Co-op

Carol Topp interviews Kendall Smith who leads a large homeschool co-op. She explains how they transitioned from an enrichment-only group to offering academic classes and getting volunteers and teachers. She offers sage advice on running a group successfully. Visit Carol’s website here!                           […]

More on Avoiding Leader Burnout

Listen as Carol Topp, the HomeschoolCPA, shares 5 more ways to avoid burnout as you lead your homeschool organization. Visit Carol’s website here!                             FEATURED PRODUCT from HomeschoolCPA:     Homeschool Co-ops: How to Start Them, Run Them and not Burn Out   […]

5 Ways to Avoid Burnout

Leading a homeschool co-op can be exhausting. Carol Topp, Homeschool CPA, shares 5 ways to avoid burnout as you lead your homeschool group. Visit Carol’s website here!                             FEATURED PRODUCT from HomeschoolCPA:     Homeschool Co-ops: How to Start Them, Run Them and […]

Conflict Resolution in a Homeschool Group

If you lead a homeschool co-op, you’ve probably dealt with conflict. Listen as Carol Topp, the Homeschool CPA, shares some tips and advice for dealing with conflict in your homeschool co-op. Visit Carol’s website here!                           FEATURED PRODUCT from HomeschoolCPA:     Homeschool Co-ops: […]

Recruiting Leaders for Your Homeschool Group

Do you have difficulty getting people to help lead your homeschool co-op? Carol Topp offers tips and ideas from other homeschool leaders on how to recruit leaders to help you run your homeschool co-op. Visit Carol’s website here!                           FEATURED PRODUCT from HomeschoolCPA:   […]

Defining Your Homeschool Co-op’s Mission and Purpose

Each homeschool co-op is unique and should have a specific purpose. Without a focused mission the leaders can be trying to all things to all people and will quickly burnout. Listen as Carol Topp discusses creating a purpose and mission for your homeschool co-op. Visit Carol’s website here!               […]

Disadvantages of Homeschool Co-ops

Homeschool co-ops have a lot of advantages, but some disadvantages too. Be sure you consider these costs and potential issues before you join a co-op. If you are leading a homeschool co-op listen in to learn how to deal with the expectations of your members. Visit Carol’s website here!             […]

Benefits of Homeschool Co-ops

Are you considering starting a homeschool co-op? What are the advantages of belonging to a co-op? They are many as Carol Topp, the Homeschool CPA, points out in this podcast. If you’re already leading a homeschool co-op listen in to see if you are offering these advantages to your co-op members.         […]

Special Replay: Easy Fundraisers for Homeschool Groups

Does your homeschool organization need some ideas for raising money? Carol Topp, the Homeschool CPA, shares ideas for easy fundraising in this episode of the Dollars And Sense Show. Easy fundraisers show notes: Coupon and reward programs Box Tops. Need 501c3 status Shopping reward like Kroger Plus program E Scrip Food as a fundraiser Pizza […]

Special Replay: Any tax breaks for homeschoolers?

  Are there any tax breaks for homeschoolers? Carol Topp, CPA answered this question originally back in 2014, but the answer is still the same-even with the new tax laws passed in 2017. Additionally, Carol gives some details on college expenses that are tax deductible and tax advantaged college savings plans. In the podcast Carol […]

Money  Tips: Look at Your Balance sheet

Homeschool board members don’t understand a balance sheet, so it is often ignored, but Carol Topp, the HomeschoolCPA, explains why that is a big mistake. In this short podcast she explains what a balance sheet is and what are red flags in a Balance Sheet. You’ll be a better informed board member after listening to […]

Money Tips: How to Read a Financial Statement

When your homeschool treasurer hands you a financial statement, do you know what you’re looking at? HomeschoolCPA, Carol Topp, explains how to read and understand the statement of revenues and expenses. This  15 minute podcast will help your treasurer prepare a statement that is easy to read and understand.             […]

Painless Class Registration

Do you find registering classes in your homeschool group to be a dreaded chore? Seth Lowery from LoveMyGroups.com offers an online service called The Hub. It was built with homeschool groups in mind. Hear about how The Hub will make registration and accepting payments for classes easier! Featured link:  http://www.lovemygroups.com/thehub-features/               […]

Money Tips: Accounting software for homeschool groups

Does your homeschool group use software to manage it’s finances? It’s something you should consider. Carol Topp, the HomeschoolCPA, discusses when you should use software and offers  her opinion on software that’s best for homeschool groups.                           FEATURED PRODUCT from HomeschoolCPA:   Money Management […]

Money Tips: Bank Reconciliation. Do it! 

Bank Reconciliation! Is your homeschool group reconciling your bank account every month? You should be! Carol Topp, the HomeschoolCPA, explains why bank reconciliation is the most important task you should do to manage your group’s finances. But don’t let your treasurer balance the bank account! It should be someone else. Listen to the podcast to […]

Prevent fraud: Separation of duties 

What’s the best way to to prevent fraud or mistakes in the finances of your homeschool group? It’s called separation of duties and Carol Topp, the HomeschoolCPA explains why your treasurer should not be doing all the financial tasks in your homeschool organization. In this 12 minute podcast episode Carol explains how you can separate […]

Tax Form 1099-MISC to Independent Contractors

If your homeschool organization paid an Independent Contractor more than $600 in 2017, you need to give them a 1099-MISC form. Accountant Carol Topp, the Homeschool CPA, explains how to fill out the form, how to get the form and tips for filing it correctly. She recommends using a filing service like Yearli.com. Email Carol@HomeschoolCPA.com […]

Unplug the Christmas Machine – Pt 2

Carol Topp, Homeschool CPA, continues unplugging Christmas by explaining the 4 things children really want for Christmas: Children want realistic expectations about Christmas gifts and children also want an even pace to the holidays. Carol shares tips how to do that. Her ideas come from a book she read 20 years called Unplug the Christmas […]

Unplug the Christmas Machine – Pt 1

What do children really want for Christmas? Time with you and traditions. Carol Topp, CPA, Homeschool CPA, read a book called Unplug the Christmas Machine and learned how to experience joy and peace during Christmas time. She gives tips on spending time with your family and introducing simple traditions. This was originally broadcast in 2014, […]

Israel Recap

Have you ever wanted to walk where Jesus walked or see what he saw? Carol Topp, host of the Dollars and Sense/HomeschoolCPA podcast was able to spend 10 days in Israel and she will share what she experienced and learned. Did she feel safe? Did she learn anything new and was it worth it?   […]

100th Episode Show! What Does Homeschool CPA Do?

For the 100th episode of the Dollars and Sense Show / HomeschoolCPA podcast I asked a few friends, “What does HomeschoolCPA do?” There answers are usually spot on, but when asked to name a book I wrote some struggled with the titles. Enjoy this celebration podcast and learn about a few other great podcasts for […]

Update to the Paying Workers Book

Paying Workers in a Homeschool Organization was released only a year ago, but it already needed an update. Lots of things happened in the homeschool world that meant author Carol Topp, Homeschool CPA, needed to release a new edition. Find out what happened and what has changed in the book. For  the document of changes […]

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 […]

What Does It Take to be a Nonprofit?

It takes two things to be a nonprofit. Do you know what they are? Which one are homeschool leaders doing well and which do they mess up most often? HomeschoolCPA, Carol Topp, will explain what it takes to be a nonprofit in today’s podcast episode.   Visit Carol’s website here!           […]

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 […]

What Does a Treasurer Do?

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         […]

What Does a Secretary Do?

A secretary does a lot more than just record minutes of meetings. Carol Topp of HomeschoolCPA explains the important tasks a secretary does as the keeper of important papers in a homeschool organization.                           FEATURED PRODUCT from HomeschoolCPA:       Homeschool Organization Board […]

Homeschool Board Duties

Did you know that board members have four main duties: the duty of care, loyalty, management and compliance? Carol Topp, the Homeschool CPA, explains what those duties look like in practice. She offers tips and advice to help your board do a better job with their responsibilities in running your homeschool organization.   Visit Carol’s […]

We changed leaders: Who do we notify?

Carol Topp, the homeschool CPA explains what government agencies you need to notify when you change your address or change leaders. She explains the forms and organizations you need to notify.                               FEATURED PRODUCT from HomeschoolCPA:       Homeschool Organization Board […]

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 […]

Paying Volunteers Q&A with Homeschool Leaders

The final episode from the Homeschool Leaders Retreat held in Indiana. Carol Topp discusses how to pay (or thank) a volunteer and paying teachers in a homeschool co-op.     Visit Carol’s website here                     FEATURED PRODUCT from HomeschoolCPA:     Paying Workers in a Homeschool Organization Are […]

Tax Exempt Q&A with Homeschool Leaders

This episode is an excerpt from the Indiana Homeschool Leaders Retreat. Carol Topp discusses tax exempt status and answers questions about self-declaring tax exempt status for your homeschool support group.   Visit Carol’s website here               FEATURED PRODUCT from HomeschoolCPA:     The IRS and Your Homeschool Organization Does your homeschool […]

Churches and Homeschool Groups

 Some homeschool groups find it difficult to find a church host. Why is that? This episode is an excerpt from a homeschool leaders retreat held in Indiana. Carol Topp discusses the relationship homeschool groups have with churches who host their programs.   Visit Carol’s website here!                     […]

Changes in Homeschooling

This episode is an excerpt from a homeschool leaders retreat held in Indiana. Carol Topp discusses the changes she sees in homeschooling. The lines between homeschool groups and small micro schools is blurring. And more people are homeschooling but for different reasons than in the past. How will your group face these changes?   Visit […]

Why Do Volunteers Quit?

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!         […]

What Motivates a Volunteer?

What motivates your volunteers? Do you know? Carol Topp interviews Beth Mora of www.HereToHelpLearning.com who offers tips on understanding what motivates volunteers to help in 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!   […]

Board Binder: Board Training All Year Long

In the new Board Member Manual, Carol Topp, CPA offers has important topics your board should discuss every year. Make a plan to cover one topic a month and do board training all year long. She shares those topics on today’s podcast.   Visit Carol’s website here!                 […]

Board Binder: Meeting Calendar and Agenda

In her new Board Members Manual, Carol Topp offers tips on running a board meeting and creating an agenda. She shares those tips on today’s podcast.   Visit Carol’s website here!                           FEATURED PRODUCT from HomeschoolCPA:   Homeschool Organization Board Manual This is a […]

Board Binder: Important Papers!

Nonprofit leaders should keep their organizations important papers in a binder. Carol Topp, the HomeschoolCPA, discusses what important papers need to be in your board binder.   Visit Carol’s website here!                           FEATURED PRODUCT from HomeschoolCPA:   Homeschool Organization Board Manual This is a […]

How can we change the contact name on our EIN?

When you apply for an Employer Identification Number with the IRS, you had to give a responsible party’s name and Social Security Number. Now that person is stepping down. How do you change the responsible party’s name on your EIN? Carol Topp, CPA explains how in this short podcast.             […]

How Do I Get a Tax Exempt Number?

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 […]

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 […]

Starting a Homeschool Co-op with a Friend

Is it a good idea to start a homeschool co-op with a friend? Carol Topp, the author of  Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out explains the pitfalls to avoid when starting a co-op with a friend.   Visit Carol’s website here!                 […]

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 […]

How to Self Declare Tax Exempt Status

Your homeschool group can have tax exempt status without applying with the IRS. Want to know how? In this short podcast, Carol Topp, CPA, the HomeschoolCPA, tells you how to self declare tax exempt status and keep all of your surplus for your group, and not pay the IRS. Visit Carol’s website here!     […]

Don’t take the summer off! What you need to be doing this summer to be ready for next year

Sometimes homeschool leaders take the summer off to have a break for running their homeschool programs. But Carol Topp, the HomeschoolCPA, doesn’t want you to completely forget about your homeschool group this summer. She offers a few tasks that you should do this summer to make the fall much easier! Carol mentioned this list of […]

Keep Up To Date on State Filings for Your Homeschool Nonprofit

Most homeschool leader know that they need to report annually to the IRS, but did you know that there are probably filings to do in your state every year? Carol Topp, the HomeschoolCPA, discusses the most common state reports that homeschool nonprofit organizations need to file. Visit Carol’s website here!           […]

Creative Ways to Run Your Co-op Without Employees

So you really don’t want your homeschool co-op to hire teachers as employees, but how can you run your group without them? Carol Topp, the HomeschoolCPA , offers a few creative ways to run a homeschool co-op without hiring employees or dealing with payroll. Visit Carol’s website here!               […]

How Should We Handle Reimbursements in our Homeschool Group?

How Should We Handle Reimbursements in our Homeschool Group? It’s that time of year when your homeschool group is trying to wrap up its finances for the year. In this podcast episode Carol  Topp, the Homeschool CPA, explains how to give reimbursements to your members properly, so they are not considered taxable income. Visit Carol’s […]

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 […]

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 […]

Is There a Penalty for Misclassifying my Homeschool Group’s Workers?

Is There a Penalty for Misclassifying my Homeschool Group’s Workers? The IRS imposes strict penalties on an employer who treats workers as Independent Contractors when they should be employees. These penalties have put businesses and nonprofits out of business. Carol Topp, the Homeschool CPA, discusses this topic and some programs the IRS has to avoid […]

Is My Homeschool Co-op Teacher an Employee or Independent Contractor?

Is My Homeschool Co-op Teacher an Employee or Independent Contractor? Should your homeschool co-op teacher be an employee or an independent contractor? What’s the difference and how do you make the decision?  Carol Topp, CPA, the HomeschoolCPA, sheds light onto this confusing topic and tells you how she determines if a co-op teacher is an […]

What Homeschool Leaders Don’t Know About Fundraisers

What Homeschool Leaders Don’t Know About Fundraisers Carol Topp, CPA, the HomeschoolCPA will share tips on important issues that homeschool leaders may not know about. This episode will focus on helping homeschool leaders know the tax rules about fundraisers. Visit Carol’s website here                     FEATURED PRODUCT from HomeschoolCPA: […]

What Homeschool Leaders Don’t Know About Worker Classification

What Homeschool Leaders Don’t Know About Worker Classification Carol Topp, CPA, the HomeschoolCPA will share tips on important issues that homeschool leaders may not know about. This episode will focus on worker classification — helping homeschool leaders understand how to classify their workers correctly as employees or independent contractors. Visit Carol’s website here       […]

What Homeschool Leaders Don’t Know About Losing Tax Exempt Status

What Homeschool Leaders Don’t Know About Losing Tax Exempt Status Carol Topp, CPA, the HomeschoolCPA will share tips on important issues that homeschool leaders may not know about. This episode will focus on helping homeschool leaders know what to do if their organization has lost its tax exempt status. Visit Carol’s website here       […]

What Homeschool Leaders Don’t Know About IRS Annual Reports

What Homeschool Leaders Don’t Know About IRS Annual Reports Carol Topp, CPA, the HomeschoolCPA will share tips on important issues that homeschool leaders may not know about IRS Annual Report. This episode will focus on helping homeschool leaders understand a report that the IRS requires from all tax exempt organizations–including your group! It’s called the Form […]

What Homeschool Leaders Don’t Know About Tax Exempt Status

What Homeschool Leaders Don’t Know About Tax Exempt Status Carol Topp, CPA, the HomeschoolCPA, will share tips on important issues that homeschool leaders may not know about. This episode will focus on helping homeschool leaders understand tax exempt status. It’s easier than ever to get tax-exempt status. Should your group apply? Visit Carol’s website here […]

What Homeschool Leaders Don’t Know About NonProfit Status

What Homeschool Leaders Don’t Know About NonProfit Status Carol Topp, CPA, the HomeschoolCPA will share tips on important issues that homeschool leaders may not know about. This episode will focus on helping homeschool leaders understand nonprofit status for their groups. What does it take to be a nonprofit? Only two things! Did you know that […]

The podcast to help homeschool leaders is back!

The Podcast to Help Homeschool Leaders is Back! Carol Topp, CPA, the HomeschoolCPA took a break from podcasting, but now she’s back with a different format. The podcast will be focused on helping homeschool leaders and businesses run their programs legally and successfully. The podcast episodes will be shorter–15 or 20 minutes max and will […]

Step Into The Perfect Career

Step Into The Perfect Career by Carol Topp Episode 61 In part two of this series, Carol talks about finding a career that is right for you and the struggle with trying to make a decision. In this broadcast, the author of Career Exploration gives common sense advice and gives you food for thought. Tune […]

Career Decisions

Career Decisions: Career Exploration Part One For Teens by Carol Topp Episode 60 Grab your teenager and listen to this broadcast! Great info you don’t want to miss. This is the first part of two audios on career exploration and making career decisions.  Carol talks about different careers and the importance of finding something that […]

Teaching Life Skills

Teaching Life Skills For Teens by Carol Topp In the first part of this episode Carol talks about life skills and the importance of not leaving home without them. In this broadcast, she continues the seminar answering parent questions and giving examples about teens who are successful and suggestions that increase success. Visit Carol’s website […]

Life Skills Don’t Leave Home Without Them

Live Skills Don’t Leave Home Without Them with Carol Topp, CPA Show Notes: When it is time to leave home, most teens are expected to take care of themselves – but do they know how? What are some basic life skills necessary for your highschoolers? And, more importantly do they have them? In this episode, […]

Homeschool Leadership is Like Marriage Part 2

Leading a homeschool organization can be like marriage. It takes sacrifice, but it can be hugely rewarding. Carol Topp shares insights on leadership from Hebrews Chapter 13 with a group of homeschool leaders in this 2nd part of a 2-part episode. She shares 3 warning of attitudes to avoid. Listen to Part 1.  where Carol […]

Homeschool Leadership is Like Marriage Part 1

Leading a homeschool organization is a lot like marriage. It takes, time, money and sacrifice, but it can be hugely rewarding. Join Carol Topp as she addresses a group of homeschool leaders and encourages them in the important work they are doing, but  also reminds them to not try and meet everyone’s expectations. For more […]

More of Starting a Micro Business. Episode #55

There’s lots to learn about starting a running a micro business, so join author and accountant Carol Topp in this podcast. She shares information on creating a mini business plan and pitfalls to avoid to help you launch successfully. Carol also took time to answer questions from the audience on taxes. Learn more about starting […]

Starting a Micro Business. Episode #54

Interested in making money and learning a lot about how to run a business? Try starting with a micro business. Author and accountant, Carol Topp, explains to an audience of teenagers and parents how to start a micro business. She explains what a micro business is and how to get started. To learn more about […]

More on Homeschool Co-ops. Episode #53

This podcast covers more tips to starting a homeschool co-op from Carol Topp, CPA the author of Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out. Carol answers questions from homeschool  leaders including: insurance background checks tax exempt status from the IRS required annual reporting to the IRS the need for bylaws […]

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

This podcast covers tips to starting a homeschool co-op from Carol Topp, CPA the author of Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out. Carol covers the 4 W’s and 2 Cs that leaders need to answer in launching a new co-op: What, Where, When and Who and Cost and Curriculum […]

More Micro Business Ideas. Episode #51

In episode #50 of the Dollars and Sense podcast, Carol Topp shared more than 30 micro business ideas for teenagers and parents. In this continuation Carol answers audience questions and shares some pitfalls to avoid when starting a micro business. Listen to Part 1 of 30+Micro Business Ideas for Teens To celebrate the 50th episode […]

30+ Micro Business Ideas for Teens (Part 1) #50

Welcome to episode #50 of the Dollars and Sense Show! In this episode, Carol Topp, author of the Micro Business for Teens book series, shares more than 30 ideas of micro businesses that a teenager (or a parents) can start quickly and easily. Here’s a helpful handout To celebrate the 50th episode of the Dollars […]

Become a Published Author (Part 2) Episode #49

Host Carol Topp is joined by teen author Rachel Coker in this presentation where they discuss traditional versus self publishing, building a platform, and how a parent can help get their child published in Part 2. Rachel and Carol answer audience questions about getting published. Listen to Part 1 Here’s a helpful Handout. Rachel’s website […]

How You (or Your Child) Can Become a Published Author

It is easier than ever to become a published author. Even a child can be published! Host Carol Topp is joined by teen author Rachel Coker in this pre-recorded presentation. Listen as Carol and Rachel discusses traditional versus self publishing in Part 1. Here’s a helpful Handout. Rachel’s website   https://media.blubrry.com/uhsrnetwork/media.blubrry.com/dollars_sense/media.blubrry.com/uhsrnetwork/content.blubrry.com/uhsrnetwork/DollarsSenseShow-48-Become-Published-Author-Part-1.mp3Podcast: Play in new window […]

Tax Exempt Status for Homeschool Support Groups. Dollars and Sense #47

Homeschool support groups have been around a long time, but often are unaware of what their tax status is with the IRS. In this episode of the Dollars and Sense Show podcast, Homeschool CPA, Carol Topp, explains that homeschool support groups can be classified as 501(c)(7) Social Clubs and have automatic tax exempt status. But […]

How to Teach Teenagers and Recent Grads About Money. Episode 46

In episode 46 of the Dollars and Sense Show, host Carol Topp continues her presentation on how to teach kids about managing money. She explains the important lessons to teach high school students and young adults. This is part 2 of a two-part presentation. Listen to Part 1 . This Handout lists helpful resources for […]

How to Teach Kids About Managing Money (Part 1) Episode 45

In episode 45 of the Dollars and Sense Show, host Carol Topp discusses how to teach kids about managing money when you’re not doing so great yourself. Carol explains the important lessons to teach young and elementary age children. This Handout lists helpful resources for teaching kids about managing money. If you enjoyed this podcast, […]

Start a business this summer! Part 2 Episode 44

Summertime is a great time to start a business, especially if you’re a teenager. Host, Carol Topp, author of Micro Business for Teens, is joined by Rachel Coker, a teenager who has 4 micro businesses of her own. They discuss how to get started and pitfalls to avoid. This is Part 2 of a two-part […]

Start a Business This Summer Part 1 Episode 43

It’s summertime ans  a great time to start a business-especially for teenagers. Join this episode of the Dollar and Sense Show as host, Carol Topp, and her guest, teenage micro business owner, Rachel Coker, explain the best type of businesses a teenager can start this summer. Here are some micro business ideas Carol and Rachel […]

How the IRS Sees Homeschool Co-ops Episode #42

Who’s afraid of the IRS? You? In this episode of the Dollars and Sense Show, host Carol Topp continues her discussion how the IRS sees homeschool organizations and homeschool co-ops in particular. Listen to the first part of this presentation where Carol discussed homeschool support groups and IRS 501(c)(7) tax exempt status as a Social […]

Who’s Afraid of the Big, Bad IRS? Episode #41

Are you afraid of the IRS? Should you be? In this episode of the Dollars and Sense Show, host Carol Topp discusses how the IRS sees homeschool organizations. In this first part Carol will discuss homeschool support groups and IRS 501(c)(7) tax exempt status as a Social Club. Carol gave this presentation at the Homeschool […]

We’re Raising Grown Ups (Not Children!) Dollars and Sense Show #40

Carol Topp shares a workshop she presented at the Great Homeschool Convention in Cincinnati last year in this episode of the Dollars and Sense Show titled, “Were Not Raising Children, We’re Raising Grown Ups.” In Part 2 of this podcast Carol six topics your teenagers need know for adulthood, but are rarely covered in a […]

We’re Not Raising Children, We’re Raising Grown Ups (Part 1)

Are homeschool parents guilty of micro managing our teenagers or being helicopter parents? Carol Topp shares a workshop she presented at the Great Homeschool Convention in Cincinnati last year in this episode of the Dollars and Sense Show titled, “Were Not Raising Children, We’re Raising Grown Ups.” Carol discusses the dilemma in society today of […]

5 Warnings Against Frugal Homeschooling

Frugal homeschool can be dangerous to your child’s education! My guest, Cindy West of Our Journey Westward blog and Shining Dawn books warns homeschool parents against using too many free materials in homeschooling. What could be wrong with using free materials? Listen to the podcast for Cindy’s insights. Cindy’s blog post Homeschooling Frugally: A Cautionary […]

Has Your Homeschool Group Lost Its Tax Exempt Status?

HomeschoolCPA, Carol Topp, explains that homeschool groups may have lost their tax exempt status and not even know it in this episode of the Dollars and Sense podcast. Many nonprofits did not know that in 2006 the IRS made filing an annual report (Form 990/990-EZ, 990-N) mandatory. Nonprofits that failed to file the Form 990 […]

Required IRS reports for homeschool groups

Did you know that your homeschool group should be filing some reports every year with the IRS? In this episode of the Dollars and Sense Show, host Carol Topp, the HomeschoolCPA, explains what forms homeschool groups should be filing with the IRS. She’ll answer common questions such as: We were told if our income is […]

Business Tips for Writers Part 2. Dollars and Sense Show # 35

Writers, authors, bloggers…whatever you write, you’re in business! Author and CPA, Carol Topp, shares business tips in this podcast recorded at the International Business of Writing Summit in Louisville Kentucky. In the podcast Carol discusses record keeping in a business helpful software tax tips Here’s a handout of the slides Carol’s book, Business Tips and […]

Business Tips for Writers Part 1. Dollars and Sense Show # 34

If you’re a writer, author or blogger you are a business owner! This podcast by Carol Topp, CPA will help you understand the business side of writing. This podcast was recorded at the International Business of Writing Summit in Louisville, Kentucky in 2014. Topics covered in this podcast include: Business structures, especially LLC status for […]

Marketing and Customer Profiles in a Micro Business. Dollars and Sense Show # 33

Joining host Carol Topp are Carol Sue and Phillip Priddy from FamilyBusinessGreenhouse.com in this edition of the Dollars and Sense podcast. They will share their expertise on creating a marketing plan and a customer profile for your micro business. Philip and Carroll Sue decided to homeschool before they even had children, and decided early that […]

What do you give an author for Christmas? Dollars and Sense Show #32

Do you have a writer or budding author on your Christmas list? Carol Topp, host of the Dollars and Sense Show podcast has some gift ideas for the writer on your shopping list. Books for Writers: Business Tips and Taxes for Writers by yours truly, Carol Topp, CPA Writing and Publishing by Felice Gerwitz APE: […]

What do you give an entrepreneur for Christmas? Dollars and Sense Show # 31

Do you have a budding entrepreneur or micro business owner on your Christmas shopping list? Carol Topp, host of the Dollars and Sense Show podcast has some unique gift ideas for you. Start Up Gifts for Entrepreneurs: White Board and markers for brainstorming. See Dollars and Sense Show #27 Brainstorming Micro Business Ideas Books: Micro […]

Easy Fundraisers for Homeschool Groups. Dollars and Sense Show # 30

Does your homeschool organization need some ideas for raising money? Carol Topp, the Homeschool CPA, shares ideas for easy fundraising in this episode of the Dollars And Sense Show. Easy fundraisers show notes: Coupon and reward programs Box Tops. Need 501c3 status Shopping reward like Kroger Plus program E Scrip Food as a fundraiser Pizza […]

Tips from parents of teen entrepreneurs. Dollars and Sense Show # 29

Are you trying to raise an entrepreneur? Does your child have ideas on how to make money? Join Dollars and Sense Show podcast host Carol Topp as she interviews 3 parents of teen entrepreneurs. In the podcast, Bob, Suzanne and Jennifer, shared how they encouraged their entrepreneurial teenagers. They discussed: Their role as a parent […]

Advice from Experienced Homeschoolers. Dollars and Sense Show #28

Join Carol Topp as she interviews experienced homeschoolers at the recent HSLDA National Homeschool Leaders Conference. They discuss Why they became a homeschool leader What they wish they had know What advice they have to offer you (I apologize for some of the poor audio! I’m improving, but I’m still learning about recording with lively […]

Brainstorming Micro Business Ideas. Dollars and Sense Show #27

Need an idea for a micro business you could start today? In this episode of the Dollars and Sense podcast, host Carol Topp, interviewed teenagers (and some 20 year olds) who did a brainstorming exercise. I think you’ll be impressed by the terrific micro business ideas they came up with! Some of the audio might […]

Debt Free Homeschooling. Dollars and Sense Show # 26

Join host, Carol Topp, and her guest Stacy Lane who successfully became debt free (including her mortgage) when her oldest child was a freshman in high school. She met Dave Ramsey, the debt-free guru, and got to do the famous “We’re debt free! ” yell on his radio show. Could your homeschool family ever become […]

A Customer Doesn’t Pay Your Micro Business. Dollars and Sense Show #25

Show #25 What to do when a customer doesn’t pay your Micro Business. In this podcast, Carol Topp offers tips to micro business owners on what to do if a customer doesn’t pay you. This information is covered in more detail in Carol Topp’s book  Running a Micro Business       Most of your […]

Making the Sale. Tips for your Micro Business. Dollars and Sense Show #24

Show #24 Making the Sale. Tips for your Micro Business. In this podcast, Carol Topp offers tips to micro business owners on how to complete a sale with a customer. This information is covered in more detail in Carol Topp’s book  Running a Micro Business Many sales are lost because the sales person never asks […]

Creating a Sales Presentation for your Micro Business. Dollars and Sense Show #23

Show #23 Creating a Sales Presentation In this podcast, Carol Topp helps micro business owners create a sales presentation. This information is covered in more detail in Carol Topp’s book  Running a Micro Business       What is a Sales Presentation? Short, 15-30 seconds. Like a TV commercial Could be in person or used […]

Career Exploration Part 4. Picking a college. Episode 22

This is the last part of a four part series on career exploration for high school students. Host Carol Topp offers advice and tips on choosing a college and a major to prepare for your chose career. The 4 Step Career Exploration Process 1. Investigate: Discover your personality, abilities, skills, and priorities. 2. Match possible […]

Career Exploration Part 3. Researching possible careers. Episode 21

This is the  third part of a four part series on career exploration for high school students The 4 Step Career Exploration Process 1. Investigate: Discover your personality, abilities, skills, and priorities. 2. Match possible careers to your personality. 3. Research potential careers to see if there is a fit. 4. Prepare a plan to […]

Career Exploration Part 2. Personality Tests. Episode 20

 This is the second part of a four part series on career exploration for high school students The 4 Step Career Exploration Process 1. Investigate: Discover your personality, abilities, skills, and priorities. 2. Match possible careers to your personality. 3. Research potential careers to see if there is a fit. 4. Prepare a plan to […]

Career Exploration Part 1. How can you know God’s will at 17?

 This is the first part of a four part series on career exploration for high school students I taught Career Exploration at my homeschool co-op several times. Sometimes students think that I will tell them what career they will have for the rest of their life. But that’s impossible! No one knows the future, so […]

Paying Workers in a Homeschool Organization (Part 2) Dollars and Sense Show #18

Do you pay workers in your homeschool organization? Do you know what form to to filing with the IRS? Homeschool CPA, Carol Topp, will share the details of what you need to know about paying workers in a homeschool organization in this 30 minute podcast. Part 2 of a 2 part series.   Show Notes: […]

Paying Workers in a Homeschool Organization (Part 1) Dollars and Sense Show #17

Do you pay workers in your homeschool organization? Are they employees or independent contractors? Do you know the difference? Homeschool CPA, Carol Topp, will share the details of what you need to know about paying workers in a homeschool organization in this 30 minute podcast. Part 1 of a 2 part series.   Carol mentioned […]

Start a Micro Business with No Debt. Dollars and Sense Show #16

  I hate debt-especially for a teenager starting a micro business! Dollars and Sense host, Carol Topp and guest host, 17 year old Jonah Wilson, discuss 5 dangers of using debt to start a micro business. In the podcast, Carol and Jonah mention Starting a Micro Business, a helpful book (and ebook) that can be […]

Start a Micro Business with No Money. Dollars and Sense Show #15

Do you (or your teenager) want to start a micro business, but fear you don’t have the money to start? Dollars and Sense host, Carol Topp and guest host, 17 year old Jonah Wilson, claim that you can start a micro business with no money! How? Listen in as Carol and Jonah share several ways […]

More Money Myths Homeschool Moms Believe. Dollars and Sense Show #14

In this episode of the Dollars and Sense Show host Carol Topp and her guest Susan Raber of AtHomeAndSchool.com discuss more money myths that homeschool moms believe. Listen to the show here From Episode #13 of the Dollars and Sense Show, Carol and Susan discussed three money myths: Myth #1: Just a Little More Money […]

Money Myths Homeschool Moms Believe. Dollars and Sense Show #13

In this episode of the Dollars and Sense Show host Carol Topp and her guest Susan Raber of AtHomeAndSchool.com discuss money myths that homeschool moms believe. Do any of you, like me, have curriculum sitting on your shelf, that, if you are honest with yourself, you will probably never use? I want to share some […]

Teens and taxes. Dollars and Sense Show #12

In this episode of the Dollars and Sense Show host Carol Topp discusses taxes and teenagers. Show Notes: A teenager files their own tax return! Do NOT add your child’s income to your tax return. You can still claim your teenager as your dependent. They check a box stating they are claimed as a dependent […]

Any tax breaks for homeschoolers? Dollars and Sense Show #11

In this episode of the Dollars and Sense Show host Carol Topp discusses tax breaks for homeschoolers.   Show Notes: There is no federal tax credit or deduction for homeschool expenses Some states do allow a deduction, usually on state income tax. Proposed in Ohio: Property tax deduction for homeschool expenses Arizona, Illinois, Indiana, Iowa, […]

Teach teenagers about money: Dollars and Sense Show # 10

In this episode of the Dollars and Sense Show host Carol Topp discusses teaching your teenagers about money. Show notes: Recap: Our motivation to be teaching kids about money: Other people’s bad examples are all around us, including the US government. Avoid excessive debt. College debt now exceeds credit card debt. Someone is watching! Avoid […]

Teach pre-teens about money: Dollars and Sense Show # 9

In this episode of the Dollars and Sense Show host Carol Topp discusses teaching your pre-teens about managing money. Show notes: Recap: Our motivation to be teaching pre-teens about money: Other people’s bad examples are all around us, including the US government. Avoid excessive debt. College debt now exceeds credit card debt. Someone is watching! […]

Teach kids about money: Dollars and Sense #8

In this episode of the Dollars and Sense Show host Carol Topp discusses teaching your elementary age kids about money. Show notes: Our motivation to be teaching kids about money: Someone is watching! Avoid boomerang kids We are raising adults, not children Other people’s bad examples are all around us, including the US government. Avoid […]

Teach preschoolers about money: Dollars and Sense Show # 7

  In this episode of the Dollars and Sense Show host Carol Topp discusses teaching your preschooler about money Show notes: Our motivation to be teaching kids about money: Someone is watching! So, be a good example Avoid boomerang kids (those who leave home, only to return, usually because of financial problems) We are raising […]

What is tax exemption and how do I get it for my homeschool group? Dollars and Sense Show #6

In this episode of the Dollars and Sense Show host Carol Topp discusses What is tax exemption and how do I get it for my homeschool group? In this episode, Carol discusses who is eligible for tax exemption (you might be surprised!), the benefits of tax exempt status and the disadvantages. Why you want tax […]

Starting a nonprofit homeschool group correctly. Dollars and Sense Show # 5

In this episode of the Dollars and Sense Show host Carol Topp discusses Starting a nonprofit homeschool group correctly In this episode, Carol discusses how to start a nonprofit homeschool group. She shares her knowledge as the Homeschool CPA on important steps to take when organizing a group such as having a board and a […]

Unplug the Christmas Machine. Dollars and Sense #4

In this episode of the Dollars and Sense Show host Carol Topp’s topic is: Unplug the Christmas Machine About 20 years ago, Carol read a book Unplug the Christmas Machine by Jo Robinson and Jean Staeheli that transformed the way she and her family celebrated Christmas. She shares her plan for having a less stressful, […]

Dollars and Sense Show # 3: What a business plan can do for your micro business

In this episode of the Dollars and Sense Show host Carol Topp discusses What a business plan can do for your micro business Based on her book Starting a Micro Business, Carol explains what a business plan for micro business can do for you and why a it is guaranteed to bring you success! Show […]

Dollars and Sense Show # 2: Finding and testing a great idea for your micro business

In this episode#2 of the Dollars and Sense Show host Carol Topp discusses Finding and testing a great idea for your micro business Based on her book Starting a Micro Business, Carol explains several ways to come up with a great micro business idea and then test that idea so it will be a success! […]

Dollars and Sense Show # 1: What is a micro business and why is it such a great idea?

    On the Dollars and Sense Show first show (yes, show #1!) host Carol Topp discusses What is a micro business and why is it such a great idea? Based on her book Starting a Micro Business, Carol explains what a micro business is and why it’s such a great way for a teenager […]

Introduction to the Dollars and Sense Show

Host Carol Topp introduces her radio show Dollars and Sense. Dollars and Sense will air every other Thursday at 1:00 pm ET beginning October 10, 2013.   https://media.blubrry.com/uhsrnetwork/media.blubrry.com/dollars_sense/media.blubrry.com/uhsrnetwork/content.blubrry.com/uhsrnetwork/DollarsAndSenseShortIntro.mp3Podcast: Play in new window | DownloadSubscribe: Google Podcasts | Spotify | Android | Email | TuneIn | RSS

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