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

A Production of the Ultimate Homeschool Podcast Network.

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

 

 

 

 

 

 

 

 

FEATURED SERVICE from HomeschoolCPA:

 

Tax Exempt for Small Nonprofit Organization

 

Contact HomeschoolCPA, Carol Topp, CPA, to arrange for assistance in applying for 501(c)(3) tax exempt status.  This service involves several telephone calls and e-mails.

  •  IRS Streamlined Form 1023-EZ Application
  • Full 501(c)(3) Application
  • Full 501(c)(4) or 501(c)(7) Application
  • State filings
  • Review of Self Prepared Application

Click Here to request more information!

 

 

 

 

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

A Production of the Ultimate Homeschool Podcast Network.

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 nonprofit status is not the same thing as tax exempt status?

Visit Carol’s website here

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

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!

 

 

 

 

Best of Life as a Lifeschooler: Co-ops: The Good, the Bad, and the Ugly

A Production of the Ultimate Homeschool Podcast Network.

co-opsWe hope you are enjoying your summer break!  Here’s one of our best episodes to brighten your summer day: What makes homeschool co-ops good? And what makes them bad or downright ugly? Are there certain things that we should look for when we try to find a co-op?

On this episode, veteran homeschooler Christi Deason and I tackle the issue of homeschool co-ops and try to answer these questions. When Christi was homeschooling her children, the landscape of homeschooling and co-ops looked different than it does now. We talk about what has changed and where we see problems developing.

It seems everyone these days who homeschools is involved in a homeschool co-op of some sort. In fact, in the survey we conducted before this interview, all the respondents except one indicated that they had been involved in a co-op at some point in their homeschooling. But is it truly necessary for all families to even be involved in a co-op?

Our opinion is, simply, no. What works for some, may not work for your family. And there is nothing wrong with being your child’s sole teacher! For the homeschool pioneers, this was normal. Remember, homeschooling is about freedom, and your children will be successful if you follow the Lord’s leading.

So how do you know if a co-op is right for your family? We give some suggestions to help you determine if a homeschool co-op is right for you and some ideas of what to look for. Here are a few tips:

  • Look for something small
  • Look for something with families you know and respect
  • If your children are young, keep it fun-focused (not academic)
  • Look for something with some flexibility
  • Look for something that fills a true need

Here are some other things to remember:

  • Pray first and ask God if this is the right direction for your family
  • Be okay with the fact that what works this year may not work another year
  • Always be willing to “shift” if things don’t work out

There are some great co-ops out there! Just be careful to pray first and be discerning during the vetting process. Know what you want and don’t settle for any homeschool co-op simply because you think you need to. At the end of the journey, YOU are the teacher and you and your spouse are the ones responsible for your children’s education. God will show you what is best if you trust Him.


Special Thanks to Our Network Sponsor -Bridgeway Academy!

Bridgeway Academy was founded in 1989 in response to the need for more freedom in education as well as the protection that accreditation offers for homeschooling families. Since then, more than 30,000 K–12 students, and many charter and brick-and-mortar schools, have made Bridgeway Academy their trusted education partner.

As part of our commitment to personalized homeschooling, we are proud to offer both secular and Christian options for homeschool families, charter schools, state organizations, co-ops, athletic organizations, arts schools, and others who seek flexible education options for their families.

Click here to learn more!


Co-ops: The Good, the Bad, and the Ugly

A Production of the Ultimate Homeschool Podcast Network.

co-opsWhat makes homeschool co-ops good? And what makes them bad or downright ugly? Are there certain things that we should look for when we try to find a co-op?

On this episode, veteran homeschooler Christi Deason and I tackle the issue of homeschool co-ops and try to answer these questions. When Christi was homeschooling her children, the landscape of homeschooling and co-ops looked different than it does now. We talk about what has changed and where we see problems developing.

It seems everyone these days who homeschools is involved in a homeschool co-op of some sort. In fact, in the survey we conducted before this interview, all the respondents except one indicated that they had been involved in a co-op at some point in their homeschooling. But is it truly necessary for all families to even be involved in a co-op?

Our opinion is, simply, no. What works for some, may not work for your family. And there is nothing wrong with being your child’s sole teacher! For the homeschool pioneers, this was normal. Remember, homeschooling is about freedom, and your children will be successful if you follow the Lord’s leading.

So how do you know if a co-op is right for your family? We give some suggestions to help you determine if a homeschool co-op is right for you and some ideas of what to look for. Here are a few tips:

  • Look for something small
  • Look for something with families you know and respect
  • If your children are young, keep it fun-focused (not academic)
  • Look for something with some flexibility
  • Look for something that fills a true need

Here are some other things to remember:

  • Pray first and ask God if this is the right direction for your family
  • Be okay with the fact that what works this year may not work another year
  • Always be willing to “shift” if things don’t work out

There are some great co-ops out there! Just be careful to pray first and be discerning during the vetting process. Know what you want and don’t settle for any homeschool co-op simply because you think you need to. At the end of the journey, YOU are the teacher and you and your spouse are the ones responsible for your children’s education. God will show you what is best if you trust Him.


Special Thanks to Our Network Sponsor -Bright Ideas Press

Homeschool moms are busy! Bright Ideas Press gets that. And that’s why, for over 25 years, we have promised to publish Christian-oriented homeschool curriculum that will fit your family—curriculum that is both affordable and easy-to-use with children of different ages and learning styles at the same time. Curriculum that busy Moms love!

Offering history, science, geography, and humanities curriculum and over 100 options of online classes and clubs for homeschool families, the team at Bright Ideas Press creates products and resources that will not only help simplify your life, but also inspire, encourage, and equip you to educate your children.

Find out more here!


What Homeschool Leaders Don’t Know About Fundraisers

A Production of the Ultimate Homeschool Podcast Network.

FundraisersWhat 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:

 

money management in a homeschool organization

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!

 

 

 

 

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What Homeschool Leaders Don’t Know About Tax Exempt Status

A Production of the Ultimate Homeschool Podcast Network.

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

 

 

 

 

 

 

 

 

FEATURED SERVICE from HomeschoolCPA:

 

Tax Exempt for Small Nonprofit Organization

 

Contact HomeschoolCPA, Carol Topp, CPA, to arrange for assistance in applying for 501(c)(3) tax exempt status.  This service involves several telephone calls and e-mails.

  •  IRS Streamlined Form 1023-EZ Application
  • Full 501(c)(3) Application
  • Full 501(c)(4) or 501(c)(7) Application
  • State filings
  • Review of Self Prepared Application

Click Here to request more information!

 

 

 

 

What Homeschool Leaders Don’t Know About NonProfit Status

A Production of the Ultimate Homeschool Podcast Network.

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 nonprofit status is not the same thing as tax exempt status?

Visit Carol’s website here

 

 

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

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!

 

 

 

 

My first co-op experience!

A Production of the Ultimate Homeschool Podcast Network.

Button week 4 EdressI had been homeschooling my children for several years before being introduced to homeschooling co-op style and it changed my life!  On this show I interview my friend, Edress, who invited my family to join her co-op.  This introduction to homeschooling co-op style changed the direction of our academic experience in a huge way.  Listen in to hear more about the ins and outs of co-ops as well as a few stories on how our co-op experience led our family in a few entrepreneurial experiences!!