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Dollars & Sense
Carol Topp
100 episodes
9 months ago
Carol Topp, CPA takes confusing topics such as money, business, and taxes and puts them into easy-to-understand English.
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Education
Kids & Family,
Parenting
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All content for Dollars & Sense is the property of Carol Topp and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Carol Topp, CPA takes confusing topics such as money, business, and taxes and puts them into easy-to-understand English.
Show more...
Education
Kids & Family,
Parenting
Episodes (20/100)
Dollars & Sense
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 in Austin Texas in February 2020.

Some of the ways to demonstrate a duty of care and loyalty for a leader include:

* Have Board meetings
* Manage the money well
* Have insurance
* Avoiding conflict of interest
* No self dealing (the board gives itself discounts)

Handout of the workshop: https://homeschoolcpa.com/wp-content/uploads/2020/11/Top-Tips-Handout-2020.docx

Featured Resources:


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.

A checklist of best practices to avoid embezzlement. It is available at HomeschoolCPA.com/Fraud

Podcast # 105 Podcast episode on preventing fraud

How to avoid self-dealing. The board cannot vote themselves benefits like discounts.  Listen to Podcast #71 on how to thank volunteers without self-dealing.

 

 

 

 

 

 

 
Show more...
5 years ago
20 minutes 40 seconds

Dollars & Sense
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 organization is not essential to the success of homeschooling!
* You are not responsible for homeschooling other peoples’ children!

This recording is from a workshop given to homeschool leaders in Austin Texas in February 2020.

Handout of the workshop: https://homeschoolcpa.com/wp-content/uploads/2020/11/Top-Tips-Handout-2020.docx

During the podcast Carol mentioned the I am a Homeschool Group Leader Facebook group. Please join us!  https://www.facebook.com/groups/72534255742/

Featured Resource
Phone Consultation with Carol Topp, CPA


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

Cost: $100/hour to nonprofit organizations. $150/hour to for-profit businesses.

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

Click Here to request more information!

 
Show more...
5 years ago
11 minutes 7 seconds

Dollars & Sense
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 help homeschool groups plan their fall activities given the COVID-19 pandemic was making it uncertain of they could operate.

This podcast will air the highlights in small chunks over five episodes.

Join this episode and the other episodes as Carol and three panelists discuss:

* Part 1: Making decisions as a board or team
* Part 2: Tools a homeschool group can use for planning an uncertain future
* Part 3: Dealing with social distancing rules and wearing masks
* Part 4: Questions regarding lawsuits, health restrictions, and accommodating new families
* Part 5: How to communicate the plan to the members
* Part 6: Using Zoom, offering refunds and other topics.

During the podcast Carol mentioned the I am a Homeschool Group Leader Facebook group. Please join us!

The webinar is available to watch on YouTube or no charge.  It runs for one hour and 38 minutes!

Featured Product



Books for Homeschool Leaders

HomeschoolCPA has several books to help leaders start and run a homeschool program

* Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out
* Money Management for Homeschool Organizations
* The IRS and Your Homeschool Organization
* Paying Workers in a Homeschool Organization
* Homeschool Board Member Manual
* Taxes for Homeschool Business Owners

All these books can be found at https://homeschoolcpa.com/bookstore/

 
Show more...
5 years ago
15 minutes 22 seconds

Dollars & Sense
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 no charge. https://youtu.be/AaQ1c_XuUvY? It runs for one hour and 38 minutes! This podcast will air the highlights in smaller chunks over five episodes.

Join this episode and the other five episodes as Carol and three panelists discuss:

 

* Part 1: Making decisions as a board or team
* Part 2: Tools a homeschool group can use for planning an uncertain future
* Part 3: How are the panelists dealing with social distancing rules and wearing masks
* Part 4: Questions regarding lawsuits, health restrictions, and accommodating new families
* Part 5: How to communicate the plan to the members and organize a classroom
* Part 6: Using Zoom, offering refunds and other topics.

During the podcast Carol mentioned:

* A mentoring program to train others in helping homeschool leaders. Get details at com/mentoring
* The I am a Homeschool Group Leader Facebook group. Please join us! https://www.facebook.com/groups/72534255742/

Featured Product


Mentoring from HomeschoolCPA

Carol Topp, CPA, the homeschool CPA, is offering a mentoring opportunity to train mentees to assist homeschool groups and their leaders.

A potential mentee should have:

* Love and passion for homeschooling.
* Education and experience in accounting. A BS or BA in business or accounting. CPA license (even if currently inactive) is strongly preferred.
* Experience in nonprofit leadership such as being on a board of a church or nonprofit organization

For more information go to https://homeschoolcpa.com/mentoring/
Show more...
5 years ago
20 minutes 1 second

Dollars & Sense
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 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 no charge. https://youtu.be/AaQ1c_XuUvY? It runs for one hour 38 minutes! This podcast will air the highlights in smaller chunks over five episodes.

Join this episode and the other five episodes as Carol and three panelists discuss:

* Part 1: Making decisions as a board or team
* Part 2: Tools a homeschool group can use for planning an uncertain future
* Part 3: How are the panelists dealing with social distancing rules and wearing masks
* Part 4: Questions regarding lawsuits, insurance, health restrictions, and accommodating new families
* Part 5: How to communicate the plan to the members
* Part 6: Using Zoom, offering refunds, and other topics.

Insurance providers for homeschool groups https://homeschoolcpa.com/insurance-providers-for-homeschool-groups/

During the podcast Carol mentioned the I am a Homeschool Group Leader Facebook group. Please join us!  https://www.facebook.com/groups/72534255742/

Featured Product
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: $85/hour to nonprofit organizations. $100/hour to for-profit businesses. $60 minimum.

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

Click Here to request more information!

 

 
Show more...
5 years ago
14 minutes 28 seconds

Dollars & Sense
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 pandemic was making it uncertain of they could operate. This podcast will air the highlights in small chunks over five episodes.

Join this episode and the other episodes as Carol and three panelists discuss:

* Part 1: Making decisions as a board or team
* Part 2: Tools a homeschool group can use for planning an uncertain future
* Part 3: Dealing with social distancing rules and wearing masks
* Part 4: Questions regarding lawsuits, health restrictions, and accommodating new families
* Part 5: How to communicate the plan to the members
* Part 6: Using Zoom, offering refunds and other topics.

During the podcast Carol mentioned:

* Criteria to consider when social distancing: “From Camping To Dining Out: Here's How Experts Rate The Risks Of 14 Summer Activities”
npr.org/sections/health-shots/ May 23, 2020
* For the RegFox discount Amanda mentioned, email her at admin@excellenceinlearning.org
* The I am a Homeschool Group Leader Facebook group. Please join us! https://www.facebook.com/groups/72534255742/

The webinar is available to watch on YouTube at no charge. https://youtu.be/AaQ1c_XuUvY? It runs for one hour 38 minutes

Featured Product

Books for Homeschool Leaders

HomeschoolCPA has several books to help leaders start and run a homeschool program

* Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out
* Money Management for Homeschool Organizations
* The IRS and Your Homeschool Organization
* Paying Workers in a Homeschool Organization
* Homeschool Board Member Manual
* Taxes for Homeschool Business Owners

All these books can be found at https://homeschoolcpa.com/bookstore/

 

 

 
Show more...
5 years ago
14 minutes 46 seconds

Dollars & Sense
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 the webinar highlights in small chunks over five episodes.

Join this episode on using a decision matrix and the other five episodes as Carol and three panelists discuss:

 

* Part 1: Making decisions as a board or team
* Part 2: Tools a homeschool group can use for planning an uncertain future
* Part 3: How are the panelists dealing with social distancing rules and wearing masks
* Part 4: Questions regarding lawsuits, health restrictions, and accommodating new families
* Part 5: How to communicate the plan to the members
* Part 6: Using Zoom, offering refunds and other topics.

Download the Decision Matrix spreadsheet at HomeschoolCPA.com/DecisionMatrix

During the podcast Carol mentioned the I am a Homeschool Group Leader Facebook group. Please join us!  https://www.facebook.com/groups/72534255742/

The webinar is available to watch on YouTube at no charge. https://youtu.be/AaQ1c_XuUvY? It runs for one hour 38 minutes.

Featured Product

Webinars for Homeschool Leaders

HomeschoolCPA offers several recorded webinars for homeschool leaders. Most are 60-90 minutes and come with handouts and other resources. Prices range from free to $25 each.

Create a Nonprofit for Your Homeschool Community The first steps in starting a nonprofit: a board, bylaws and nonprofit incorporation

501c3 Application for Homeschool Nonprofit How to apply for 501c3 tax exempt status

IRS and State Filings What you need to do after 501c3 status

Tax Preparation for Homeschool Businesses How to prepare your tax return for homeschool business owners

Financial Reports How to present financial reports that are clear and easy to understand to board members  FREE

ABCs of an Academic Homeschool Program How to start an academic, classical homeschool program

 
Show more...
5 years ago
19 minutes 20 seconds

Dollars & Sense
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 is available to watch on YouTube at no charge. https://youtu.be/AaQ1c_XuUvY? It runs for one hour 38 minutes! This podcast will air the highlights in smaller chunks over five episodes.

 

Join this episode and the next five episodes as Carol and three panelists discuss:

* Part 1: Making decisions as a board or team
* Part 2: Tools a homeschool group can use for planning an uncertain future
* Part 3: How are the panelists dealing with social distancing rules and wearing masks
* Part 4: Questions regarding lawsuits, health restrictions, and accommodating new families
* Part 5: How to communicate the plan to the members
* Part 6: Using Zoom, offering refunds and other topics.

During the podcast Carol mentioned the I am a Homeschool Group Leader Facebook group. Please join us!  https://www.facebook.com/groups/72534255742/

Featured Product

The  Board Manual for homeschool organizations will be very helpful to organize your board and run your homeschool organization successfully!

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

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
* Best Financial Practices Checklist
* How to Read and Understand Financial Statements
* Developing a Child Protection Policy

Read more about the Homeschool Organization Board Manual

 

 
Show more...
5 years ago
18 minutes 47 seconds

Dollars & Sense
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 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!
 

Save
Show more...
5 years ago
16 minutes 2 seconds

Dollars & Sense
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 guest Julie Schiffman two distinct differences between pod schools and homeschools.

* Who does the educating, the pod teacher or the parent?
* Where does the education take place: In the pod space (a home or rented facility) or everywhere?

In today’s episode, Julie explains two more important differences between “pandemic pods” and homeschooling.

* How is the curriculum chosen and delivered: Set by the school or chosen by the parent and customizable for the child’s needs?
* Why? What is the motivation to educate this way: a pandemic or something deeper?

Julie Schiffman is owner of TenToad.com a website dedicated to helping parents transition from school to homeschooling though Virtual Homeschool Fairs.

During the podcast Carol mentioned Julie’s Learning Pods Checklist and Considerations

Featured Product


Phone Consultation with Carol Topp, CPA
Phone Consultation: A pre-arranged phone call to discuss your questions about starting and running a homeschool organization, co-op or tutorial program. This is my most popular service for homeschool leaders. It’s like having your own homeschool expert CPA on the phone!

Cost: $85/hour to nonprofit organizations.  $100/hour to for-profit businesses.

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

Click Here to request more information!

 

 
Show more...
5 years ago
24 minutes 31 seconds

Dollars & Sense
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 guest Julie Schiffman four distinct differences between pod schools and homeschools.

* Who does the educating, the pod teacher or the parent?
* Where does the education take place: In the pod space (a home or rented facility) or everywhere?
* How is the curriculum chosen and delivered: Set by the school or chosen by the parent and customizable for the child’s needs?
* Why? What is the motivation to educate this way: a pandemic or something deeper?

Julie Schiffman is owner of TenToad.com a website dedicated to helping parents transition from school to homeschooling though Virtual Homeschool Fairs

During the podcast Carol mentioned Julie’s Learning Pods Checklist and Considerations

Featured Product

Homeschool Co-ops:
How to Start Them, Run Them and not Burn Out
Have you ever thought about starting a homeschool co-op? Are you afraid it will be too much work? Do you think you’ll have to do it all by yourself? 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!

 

 

 
Show more...
5 years ago
20 minutes 25 seconds

Dollars & Sense
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!

 

 

 

 

 

 

 

 

 

 

 
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!
 

 

 
Show more...
5 years ago
16 minutes 33 seconds

Dollars & Sense
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

 

 

 

 

 

 

 

 

 

 
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!
 

 

 

 
Show more...
5 years ago
11 minutes 28 seconds

Dollars & Sense
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 990.
Visit Carol's website here

 

 

 

 

 

 

 

 

 
FEATURED SERVICE from HomeschoolCPA:


 
Preparations of Annual Return for IRS 
 

Preparing the Form 990/990-EZ Annual Information Return for the IRS and your State.

The Form 990/990-EZ is due 4 1/2 months after the end of your fiscal year.

Involves several telephone calls and e-mails and copy of your financial statements (a QuickBooks file is preferred).

 

Buying Peace of Mind

A review of forms you have prepared yourself. Save money by doing much of the work yourself. I will review Forms 1023 or Annual Form 990 and offer my opinion and advice.

___________________________________________

Wow Carol!  Thanks so much – just the info you provided here is very helpful.  I look forward to speaking with you as I’m anxious to get started, but I want to do so in the best and most efficient way.  This is new territory for me – so I truly appreciate your guidance!

-Laine Discepoli, Glendale, OH

________________________________________

QuickBooks Set Up and Training

Setting up a QuickBooks Chart of Accounts unique to your homeschool organization.    (Your organization needs to buy their own copy of QuickBooks)
Click Here to request more information!
 

 

 

 
Show more...
5 years ago
7 minutes 20 seconds

Dollars & Sense
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

 

 

 

 

 

 

 

 
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!
 

 

 

 
Show more...
5 years ago
12 minutes 4 seconds

Dollars & Sense
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 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!
 

 

 

 
Show more...
5 years ago
11 minutes 3 seconds

Dollars & Sense
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!

 

 

 

 

 

 

 

 

 

 

 

 

 


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!
 

Save
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5 years ago
17 minutes 40 seconds

Dollars & Sense
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 the podcast Carol mentioned a handout that explains how to record early deposits in accounting software like QuickBooks. Here it is:
Deferred Revenue in QuickBooks (pdf)
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!
 

 

 

 

Save

Save

Save
Show more...
5 years ago
15 minutes 27 seconds

Dollars & Sense
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 Consultant.

Listen as Carol, Doreen and Jamie discuss:

* Leaders without a group can feel lost, lonely and without a purpose
* Perhaps this is the time to “pour in” instead of the usual pour out
* Resources to help you pour into yourself or others (see below)
* Keep up with board meeting.
* Do some things you never have time to do.
* You need to be replaceable!

In the podcast, Jamie mentioned some resources she uses to “pour in” to being a better leader. Here’s her list:

* Creativity Inc.: Overcoming Unseen Inspiration
* The Next Right Thing Podcast on making hard but good decisions
* Beauty in the Word: Rethinking the Foundations of Education by Stratford Caldecott
* Mere Motherhood by Cindy Rollins. Read Jamie’s review

Carol Topp has found these resources to be very helpful:

* Homeschool Organization Board Manual by Carol Topp, CPA- a template to create your own board manual of important documents and a training guide for board members.
* org- lots of good articles for nonprofit board members in their resource library
* Lessons From The Nonprofit Boardroom: 40 Insights For Better Board Meetings by Dan Busby and John Pearson

Join the Facebook group for homeschool leaders: I am a Homeschool Group Leader. 1200+ homeschool leaders offer ideas, encouragement and respectful exchange of ideas. https://www.facebook.com/groups/72534255742/

Jamie Buckland, the Classical Program Consultant is available for phone consultations regarding starting and running a classical homeschool group. Contact her at https://jamiebuckland.net/

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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. 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

But this is more than just a few cover sheets for your binder.
Show more...
5 years ago
20 minutes 8 seconds

Dollars & Sense
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 a Homeschool Group Leader Facebook group and Jamie Buckland, Classical Program Consultant.

Listen as Carol, Doreen and Jamie discuss:

* How we can enjoy and redeem this time of isolation and refocus on homeschooling and our families.
* How to encourage interactive communication, not just one-way communication.
* Tools to use to stay connected: some new and some very old school (mail and phones!)
* While we are having a health emergency, there is no educational emergency.
* Are we too dependent on our co-op classes and tutors?
* Encourage parents that they are equipped to homeschool their children without your wonderful group!

Join the Facebook group for homeschool leaders: I am a Homeschool Group Leader. 1200+ homeschool leaders offer ideas, encouragement and respectful exchange of ideas. https://www.facebook.com/groups/72534255742/

Jamie Buckland, the Classical Program Consultant is available for phone consultations regarding starting and running a classical homeschool group. Contact her at https://jamiebuckland.net/

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Webinar: Starting an Academic Homeschool Program

Are you interested in starting a homeschool program with a classical and academic focus? Jamie Buckland started Appalachian Classical Academy (ACA) after running a for-profit classical community. Now she is the Executive Director of ACA. She explains how ACA is set up with not one but two boards to run the Academy as a nonprofit organization!

Jaime and Carol teamed up to present a webinar on the ABCs of Starting an Academic Homeschool Program. You can benefit from their combined knowledge in this webinar (and you’ll get several helpful resources as well). http://homeschoolcpa.com/how-to-start-an-academic-homeschool-program/

 

 

 

 
Show more...
5 years ago
17 minutes 4 seconds

Dollars & Sense
Carol Topp, CPA takes confusing topics such as money, business, and taxes and puts them into easy-to-understand English.