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, put differently, being inclusive (open at all) or exclusive (limiting membership). Many homeschool leaders contributed their experiences and reason for their group’s decision. In this episode of the HomeschoolCPA podcast, Carol Topp will share some of the reasons that some groups are exclusive and do not allow public school students into their homeschool group including:

 

  • Leaders cannot serve everyone!
  • Overcrowding pre-schools or other activities in the homeschool group
  • Public school students have their own groups and support networks
  • It’s easier to be exclusive. There were too many disagreements in inclusive group
  • The group could lose a place in homeschool sports competitions if public school students are included

 

In the podcast Carol mentioned the Facebook  group for homeschool leaders I am a Homeschool Group Leader. Join 400+ homeschool leaders for ideas, encouragement and respective exchange of ideas. https://www.facebook.com/groups/72534255742/

 

 

FEATURED PRODUCT from HomeschoolCPA:

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

Need more information on how to start and run a homeschool co-op? Carol Topp’s book, Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out  is packed with helpful tips and advice from other homeschool leaders.

Starting a homeschool co-op can be easy! This book Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out will give you ideas, inspiration, tips, wisdom and the tools you need to start a homeschool co-op, run it and not burn out!

Click Here to request more information!


Special Thanks to Our Network Sponsor – Well Planned Gal

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Combine organizational tools with year long encouragement by bundling Well Planned Day planners with the popular Family Magazine. For a limited time, Save 30% with one of her popular planner bundles. Each bundle contains 2 planner products with a one-year subscription to Family Magazine.

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Special Replay: Easy Fundraisers for Homeschool Groups

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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 sales, bake sales to members
Candy, popcorn sales to public could impose a reporting to you state’s AG office
Restaurant (Chik-Fil-A) give a percent of proceeds from one night to your organization
Dinners as fundraisers

Donations
Via email, website, crowd funding, etc
Read-a-thon or walk-a-thon
Car washes and bake sales

Sell products
Ideas at TopSchoolFundraisers.com
Used curriculum sale. Charge an entrance fee, or a table fee to the sellers (or both!)

Reporting the Fundraiser income:
The IRS considers fundraisers to be unrelated to your nonprofit purpose and therefore, subject to taxation. Exceptions to the Unrelated Business Income tax:

  • Under $1,000 income from fundraisers in a year
  • All volunteer labor (no hired help to run the fundraiser)
  • Not regularly carried on
  • Selling donated items

State may require reporting to their attorney General if you sell to the public or solicit donations from the public. Usual exceptions are: only sales to members, a  dollar threshold ($25,000 is common), all volunteer labor, but these vary by state.

Warning: No Individual fundraising accounts!
See http://homeschoolcpa.com/scouts-dont-allow-individual-fundraising-account-and-neither-should-you/

New links:

Blog posts  on fundraising: http://homeschoolcpa.com/tag/fund-raising/

Article “Easy Fundraisers for Homeschool Groups” at http://homeschoolcpa.com/leader-tools/articles/

More information:
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Money Management in a Homeschool Organization book

Blog posts  on fundraising: http://homeschoolcpa.com/tag/fund-raising/

Article “Easy Fundraisers for Homeschool Groups” at http://homeschoolcpa.com/leader-tools/articles/

 

If you enjoyed this podcast, please leave a review on iTunes. (click on View in iTunes to leave a review)

Tax Exempt Q&A with Homeschool Leaders

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 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 for more information!

 

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Churches and Homeschool Groups

Churches and Homeschool Groups - with the Homeschool CPA 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!

 

 

 

 

 

 

 

 

 

 

 

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!

 

 

 

Changes in Homeschooling

TChanges in Homeschoolinghis 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 Carol’s website here!

 

 

 

 

 

FEATURED PRODUCT from HomeschoolCPA:

 

 

Phone consultation with Carol Topp, the Homeschool CPA

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!

Click Here to request more information!

 

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How to teach teenagers about managing money (when you’re not doing so great yourself)

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click the image to listen to the podcast

Teach Teenagers About Money

It’s tough to teach teenagers about managing money, especially if you’re not doing so great yourself!

But we all know that money management is an important skill that your teenagers will use every day of their adult life. They may never use Algebra II again, but money skills are vital.

I have an episode of the Dollars and Sense podcast to help you teach teenagers about managing money. Click here to listen

Our motivation to be teaching teenagers about money

  • Other people’s bad examples are all around us, including the US government.
  • We want them to avoid excessive debt. Did you know that college debt now exceeds credit card debt? Unbelievable!
  • Someone is watching you! So teach them how to avoid the mistakes you made.
  • We want to avoid boomerang kids, who are adults that return to live in their parents’ home, usually for financial reasons. Imaging the movie “Failure to Launch -Homeschool Style!” Always remember, we are raising adults, not children.

How to Teach Money Skills to a Teenager

  • Go with a natural style. Talk about money, what things cost, what people earn, decisions and trade-offs  a you go about your day. Stores are a great place to talk about money and choices.
  • Use real life examples. Share your own money stories (good or bad)  or those of people you read about in the news.
  • Get someone else to teach your teenagers. For example: Sunday school class, Scouts, or a homeschool co-op class. See the Resources below for curriculum that works well in a group setting.
  • Make personal finance a required class for graduation from your homeschool high school. The Resources below has several options for curriculum.

What to Teach Teenagers About Money

  • What things cost and what jobs earn.
  • Career exploration and post high school education.
  • Checking accounts and financial software such as Quicken or Ace Money Lite (it’s what I use and it’s free)
  • Budgets. One teenager I know is given $150/month as an allowance, but she has to buy everything: clothes, food, entertainment and gas.
  • Avoid credit card debt, but start building credit history in college.
  • Student loan debt. With her dad out of work, one college student chose a state school when shown the debt she would have from staying at a private college.
  • Taxes and federal spending. My husband says it’s his goal to raise taxpayers! We should all want that.
  • Entrepreneurship. My Micro Business for Teens books help a teenager earn money while learning a lot about business. Starting a Micro Business, a public television show features six students who started their own micro businesses. Ethan pays his own cell phone bill by teaching guitar and Linnea paid her way to China by tutoring.
  • Investing. Try a stock market simulation game.

Resources mentioned in the podcast

Schoolhouse Teachers  offers my Career Exploration 8 week class

Free! National Endowment Financial Education (NEFE) High School Financial Planning Curriculum http://www.hsfpp.org/

Generation Change for youth groups and Foundations in Personal Finance for schools at http://DaveRamsey.com

Discovering God’s Way of Handling Money from Crown.org 10 weeks, individual or class use

Money Matters for Teens Ages 15-18 Edition by Larry Burkett (oldie but still available on Amazon.com)

Micro Business For Teens books at http://MicroBusinessForTeens.com

Starting a Micro Business television show on YouTube

Our federal budget graphically displayed at http://WallStats.com

Tax return simulations from the IRS at Understanding Taxes www.irs.gov/app/UnderstandingTaxes

 

I hope you’re on your way to raising money-smart teenagers!

Carol Topp, CPA

Formerly Dollars and Sense now Homeschool CPA on Ultimate Homeschool Radio Network

How to teach homeschool teenagers about money

 

What Homeschool Leaders Don’t Know About Worker Classification

Worker ClassificationWhat 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

 

 

 

 

 

 

 

 

 

FEATURED SERVICE from HomeschoolCPA:

 

 

Worker Classification Consultation 

 

  • Is your homeschool teacher an employee or independent contractor?
  • Should your homeschool co-op director be paid as an employee?
  • How hard is it to set up a payroll system?
  • What happens if my homeschool group misclassifies a worker? Are their penalties?

Worker classification can be a confusing topic.

My book Paying Workers in a Homeschool Organization can help clear a lot of confusion, but perhaps you want to discuss your particular situation in a private, individual phone consultation.

I offer phone consultations to help you determine if your homeschool organization’s workers are employee or independent contractors. The phone call will be followed up with an email containing a fact-based determination and information to help you take the next steps.

Click Here to request more information!

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

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!

 

 

 

 

Homeschool Leadership is Like Marriage Part 2

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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 warned against trying to meet everyones’ expectations.

For more help in leading a homeschool organization check out Carol’s website, HomeschoolCPA.com where you can purchase her book  Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out.

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Homeschool Leadership is Like Marriage Part 1

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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 help in running a homeschool organization check out Carol’s website, HomeschoolCPA.com where you can purchase her book  Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out

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