Homeschool CPA Blog
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HomeschoolCPA, led by Carol Topp, CPA, a retired homeschooling mother and Certified Public Accountant, specializes in assisting nonprofit homeschool organizations. Carol resides in Cincinnati, Ohio, with her husband of 37 years, boasting two grown daughters and two sons-in-law. Having homeschooled for a total of 14 years, she is passionate about supporting homeschool leaders in starting and..
Homeschool CPA Blog
2w ago
I was called out of my semi-retirement to speak to 120 homeschool leaders about Money Management and reporting!
How could I refuse?
Home Educators Association of Virginia is hosting its annual LeaderLife Conference in Washington, D.C. March 15 and 16, 2024.
My workshop is on
Money Management and Reporting
Slides (pdf)
Handout (pdf) or Handout as Word document with hyperlinks
I’m looking forward to the weekend I get to spend with some of my favorite people-homeschool group leaders!
Carol Topp, CPA
HomeschoolCPA.com
The post Handout for Money Management and Reporting workshop first appeared on ..read more
Homeschool CPA Blog
2M ago
I read this very interesting article from Education Next titled “A New Crop of School Models Expands Choice” by Michael Q McShane, director of national research at EdChoice.
In the article he examines the increasing popularity of microschools and hybrid schools. It’s a long article and well researched. It’s worth your time to read it if you are fascinated by alternate education models such as micro schools and hybrid schools.
Definition of a microschool
For the most part micro school are tiny private schools, meeting 5 days a week, fulfilling the compulsory educational requirements of the stat ..read more
Homeschool CPA Blog
2M ago
The US Department of Treasury wants all “business entities” formed by filing with their Secretary of State to register in 2024 in their new Beneficial Ownership Information Reporting. Here’s a handy information brochure.
This new new federal database is designed to identify criminals, money launderers, and other bad actors who use companies to conceal their identities and evil deeds through shell companies. So like many reporting rules, we, the honest, legitimate entities have to register and file annual reports.
Do homeschool groups have to register and file these FinCEN reports? Maybe not ..read more
HomeschoolCPA.com | Helping homeschool leaders with legal and tax compliance
3M ago
History repeats itself sometimes and this is a good time!
The IRS is again delaying the implementation of lower reporting thresholds for Form 1099-K. Form 1099-K is a form a taxpayer (in this case a homeschool group) will receive if they use third-party payor services like Paypal, Venmo, Stripe, etc. to receive payments.
Following feedback from taxpayers, tax professionals and payment processors and to reduce taxpayer confusion, the Internal Revenue Service today released Notice 2023-74 announcing a delay of the new $600 Form 1099-K reporting threshold for third party settlement organizati ..read more
Homeschool CPA Blog
6M ago
I’m so pleased that some of the members of I am a Homeschool Group Leader have launched a new Facebook group for people just starting or thinking about starting a homeschool group.
Secrets to a Thriving Homeschool Group
This group is really needed.
The I am a Homeschool Group Leader group is for established nonprofit homeschool groups that are up and running who want advice from other leaders. It is not for people just thinking about starting a homeschool group because they could bog down the discussion with questions looking for basic information on starting a group and establishing it as a n ..read more
HomeschoolCPA.com | Helping homeschool leaders with legal and tax compliance
6M ago
Hybrid homeschool programs seem like a dream come true to a busy mom, but these programs—a mix of homeschooling and classroom instruction—come with challenges.
Here’s an excerpt form an article I wrote “Homeschool Hybrid Programs: How to Use Them Successfully.” For the full length article visit:
https://www.thehomeschoolmagazine-digital.com/thehomeschoolmagazine/2018×4/MobilePagedReplica.action?pm=2&folio=36#pg39
Suzy is a mother of three preschoolers. She told me about a local homeschool hybrid program that operates two days a week. “It’s highly academic and will hold me accountable,” she ..read more
Homeschool CPA Blog
7M ago
It’s been about 5 months since I last posted a blog post! It’s been a busy 5 months.
My mother entered hospice care in March 2023 due to congestive heart failure. She was well cared for by hospice and we thought she had many months ahead of her, but unfortunately she passed away on July 4, 2023. She was 87 years old, a woman of great faith and was ready to go. She was able to see or speak to all her children and grandchildren in the four days before she passed and was at peace.
They had moved from Wisconsin to be near me in Ohio a year ago and settled into a very nice assisted living apartmen ..read more
HomeschoolCPA.com | Helping homeschool leaders with legal and tax compliance
1y ago
In consultations with homeschool leaders, I frequently explain the two options for nonprofit homeschool groups:
Be a nonprofit corporation
Be an unincorporated association (this is the default if you do nothing)
I’ve written articles, blog posts and podcasts about what a nonprofit corporation is and its benefits. It’s usually what I recommend for homeschool groups.
How do we become a recognized nonprofit?
Do we need to Incorporate?
5 Great Reasons to Incorporate
Sample Articles of Incorporation
So, what is an unincorporated association?
Here is an excerpt from an excellent article from Nol ..read more
Homeschool CPA Blog
1y ago
How are your homeschool groups’ records? Scattered, missing, lost? One homeschool group has organized all their important papers in a binder using HomeschoolCPA’s Homeschool Board Member Manual template. In this podcast episode, the leader showed Carol Topp her board binder. It was wonderful to see how helpful this board binder was to the group.
This is the fourth part of a 4-part series on tips for homeschool leaders a workshop given to homeschool leaders in Austin, Texas in February 2020.
In the 4 part podcast series Carol discusses:
Episode #203 Leader mindset and attitudes
Ep ..read more
HomeschoolCPA.com | Helping homeschool leaders with legal and tax compliance
1y ago
Homeschool leader shave a duty to care and be loyal, as discussed in podcast episode #204. But homeschool leaders also have a duty of compliance with the law.
What laws to leaders need to know about?
What does a duty of compliance look like?
This is the third part of a 4-part series on tips for homeschool leaders a workshop given to homeschool leaders in Austin Texas in February 2020.
Carol Topp, CPA discusses three main areas of compliance for homeschool groups:
IRS filings and taxes
Your state filings for nonprofit organizations
Workers classification as an employee or independent contract ..read more