Tax Form 1099-MISC to Independent Contractors

A Production of the Ultimate Homeschool Podcast Network.

Tax Form 1099-MISC to Independent ContractorsIf 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 for a discount code.
Visit Carol’s website here

 

 

 

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

 

Paying Workers in a Homeschool Organization

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

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

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

Click Here to request more information!

 

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100th Episode Show! What Does Homeschool CPA Do?

A Production of the Ultimate Homeschool Podcast Network.

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 homeschoolers.

 

 

 

 

 

 


 

 

FEATURED PRODUCT from HomeschoolCPA:

 

 

 

Homeschool Organization Board Manual

 

Homeschool board  members should keep all their organization’s important papers in a safe and accessible place. Usually, a 3-ring binder works well.

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

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
  • and more…

Click Here for more information!

 

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Special Thanks to our Network Sponsor!


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

Visit TheStarMovie.com to learn more.


Update to the Paying Workers Book

A Production of the Ultimate Homeschool Podcast Network.

Paying Workers in a Homeschool Organization was released only a year ago, but it already needed an update.  Tune in for more from the Homeschool CPA.

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 go to http://homeschoolcpa.com/wp-content/uploads/2017/10/Summary-of-Changes-to-Paying-Workers-3rd-edition.docx

 

Visit Carol’s website here

 

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

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

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

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

Click Here to request more information!

 


Special Thanks to our Network Sponsor!


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

Visit TheStarMovie.com to learn more.


What Does It Take to be a Nonprofit?

A Production of the Ultimate Homeschool Podcast Network.

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!

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

 

 

Phone Consultation with Carol Topp, CPA

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

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

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

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

Click Here to request more information!

 

 


Special Thanks to our Network Sponsor!


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

Visit TheStarMovie.com to learn more.


 

We changed leaders: Who do we notify?

A Production of the Ultimate Homeschool Podcast Network.

We changed leaders in our homeschool group: 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 Manual

This is a real life conversation:

HomeschoolCPA: Do you have a copy of your EIN letter form the IRS?
Homeschool Leader: No. It was gotten by a former treasurer 15 years ago. All I have is the number handwritten on a sheet of paper from the bank.
HomeschoolCPA: Do you have a copy of  your Articles of Incorporation filed in your state?
Homeschool Leader: No; I don’t think so.
HomeschoolCPA: Has your homeschool group ever applied for tax exempt status with the IRS?
Homeschool Leader: I have no idea! All I was given when I took over leadership was the checkbook. 🙁

This is a sad, but true reality. Sometimes current group leaders have none of the important paperwork for their organizations.

Homeschool board  members should keep all their organization’s important papers in a safe and accessible place. Usually, a 3-ring binder works well.

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

Click Here for more information!

 


Special Thanks to our Network Sponsor!

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

Giving Scholarships or Discounts

A Production of the Ultimate Homeschool Podcast Network.

Giving scholarships or discounts

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

 

 

 

 

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

 

Money Management in a Homeschool Organization

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

Click Here to request more information!

 

 

 


Special Thanks to our Network Sponsor!

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

Board Binder: Board Training All Year Long

A Production of the Ultimate Homeschool Podcast Network.

Board Binder: Board Training All Year Long for Homeschool OrganizationsIn 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!

 

 

 

 

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

Homeschool Organization Board Manual

This is a real life conversation:

HomeschoolCPA: Do you have a copy of your EIN letter form the IRS?
Homeschool Leader: No. It was gotten by a former treasurer 15 years ago. All I have is the number handwritten on a sheet of paper from the bank.
HomeschoolCPA: Do you have a copy of  your Articles of Incorporation filed in your state?
Homeschool Leader: No; I don’t think so.
HomeschoolCPA: Has your homeschool group ever applied for tax exempt status with the IRS?
Homeschool Leader: I have no idea! All I was given when I took over leadership was the checkbook. 🙁

This is a sad, but true reality. Sometimes current group leaders have none of the important paperwork for their organizations.

Homeschool board  members should keep all their organization’s important papers in a safe and accessible place. Usually, a 3-ring binder works well.

The Homeschool Organization Board Manual comes in a Word file to make it easy for you to customize it for your organization.

The manual (a digital file) costs $9.95, but you only purchase one copy for your organization.

You are allowed to print off copies of the Manual for all of your board members, but please do not share the original Word file with them. And do not share the original Word file with other people, email it or post it on the internet. TIA!

Click Here to request more information!

 

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How can we change the contact name on our EIN?

A Production of the Ultimate Homeschool Podcast Network.

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.

 

 

 

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

 

Money Management for Homeschool Organizations

A Guide for Treasurers

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

Click Here to request more information!

How Do I Get a Tax Exempt Number?

A Production of the Ultimate Homeschool Podcast Network.

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 podcast: How to get into the IRS exempt database: http://homeschoolcpa.com/how-to-get-added-to-the-irs-database-and-file-the-form-990n/

 

Visit Carol’s website here!

 

 

 

 

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

State Filings for Non-Profits

 

State Filings for Nonprofits. You’re not finished with paperwork when you receive tax exemption from the IRS. Your state may have several required forms for you to file as well. Carol Topp, CPA can help your homeschool nonprofit understand what forms to file with your state.

 

Click Here to request more information!

 

How does the IRS see my homeschool support group?

A Production of the Ultimate Homeschool Podcast Network.

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

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

 

Visit Carol’s website here!

 

 

 

 

 

 

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

 

The IRS and Your Homeschool Organization

 

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

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

Click Here to request more information!