The May Revision proposal provides a glimpse into the potential changes California might witness in the near future.
An Overview of the 2023-24 May Revision Proposal – California Read More »
It’s tax season! We know things can get a little confusing. We’re here to help.
Here’s the breakdown:
WHAT IS A 1099?
The Form 1099-MISC is an Internal Revenue Service (IRS) tax return document used to report payments made to independent contractors and freelancers during the calendar year. In general, a Form 1099 should be filed for anyone to whom a company has paid:
The IRS and Franchise Tax Board Deadlines for filing your Charter’s 2017-2018 Form 990, Return of Organization Exempt from Income Tax returns with an extension is May 15, 2019, but don’t let that scare you! With proper preparation this deadline doesn’t have to be scary.
The charter school must submit a Board-approved budget by June 30, the final day of the fiscal year, and should include the annual budget as part of a multi-year projection. The budget should reflect all goals outlined in the Local Control Accountability Plan. Schools should use the latest version of the Local Control Funding Formula
Presentation of Operating Budget to Board for Review & Adoption Read More »
It’s always necessary for an employee to review their paycheck. This is an ideal time of year to remind your employees, especially new hires, to review their first pay check of the school year for accuracy of the following information: Name Address Social Security Number Gross Pay Tax Withholding – Federal and state income tax should
Charter schools receiving revenue allocations under the following programs must report the cash balance on a quarterly basis to the CDE in order to receive their revenue apportionment’s for those programs. Title I, Part A Title I, Part D, Subpart 2 Title II, Part A, Title III, EL Title III, Immigrant
Positivity brings reward, and it is important to recognize the special achievements of all those whose accomplishments are noteworthy. In fact, student events and activities are an essential part of the school experience, and serve to motivate and encourage our students. But what rewards are allowed in a public school setting, and what are not?
1. Misclassifying Employees by Job/Duties & Appropriate Pay (Hourly vs Salary) Any teacher must be legally credentialed in California. Teachers and administrators are exempt from overtime – most other salaried positions may NOT be exempt from overtime. For year 2020, each exempt employee must receive at least $4,506.67 per month during each month worked. If
Restricted revenues, such as lottery, federal title funds and special education funds, are allotted to schools with specific spending requirements and purpose assigned to their use. Therefore, it is extremely important that these expenditures are captured and recorded appropriately so that reporting on the use of the funds is accurate and the school will not
As you may be aware, the CDE will move forward with all four CALPADS End-Of-Year (EOY) submissions in order to support federal and state reporting requirements. Each submission focuses on various data components. Because EOY is a multi-subject data collection, setting up an EOY team is vital to a successful submission. Your EOY team should
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