Financial Management

Financial management means applying general management principles to financial resources of the Charter. This encompasses planning, organizing, budgeting, directing and controlling the financial activities such as procurement and utilization of funds. Charter School Success assists our clients with Budget, Month End Reporting, and Audit Preparation. Our finance experts are also here to help with Accounting and Bookkeeping, Purchasing, Accounts Payable and more! … Read More

Download this free Commonly Used Acronym Cheat Sheet

Any person involved in charter school operations knows that the world of acronyms brings a strong game to the table!  Even for those of us with of years of experience in the school world, keeping up with these acronyms can have a dizzying affect. For those of us who are new in our charter school … Read More

Independent Contractor or Employee?

As we encounter the end of one year and the beginning of another, many year-end accounting tasks are upon us, including the issuance of W2s and 1099s to those who have performed work for us during 2019.  To determine who needs to get which type of tax form, we must be able to properly classify … Read More

Texas Charter Procurement

The goal and function of purchasing departments in charter schools is to provide the highest quality goods and services available within the parameters of the approved budget and in compliance with all applicable guidelines and laws. Some charter districts are a one-man or two-man operation, so it’s even more important that all checks and balances … Read More

Time to file Quarter 4 941 reports

It’s time to file your final 941 Quarterly Payroll Reporting to the Internal Revenue Service and report wages to the Texas Workforce Commission for the previous calendar year. Quarter 4 941 forms are due JANUARY 31, 2020. What is a 941? IRS Form 941 is a quarterly report of wages paid to employees and the … Read More

Do Not Hire Registry

To enhance efforts for protection and welfare of Texas students, House Bill 3 (HB3, Article 2A) brought us new HR reporting requirements, one of which was the charge for TEA to create and maintain a new internet portal, a “Do Not Hire Registry.”  The purpose of this registry is to list persons (certified and non-certified) who … Read More

Time to file Form 990

Charters are required to file Form 990 every year, and your organization’s form is due on the 15th day of the fifth month after the end of the charter’s taxable year. There are two deadlines for filing this form depending on the fiscal year of the charter school.  For those charters beginning July 1, the deadline was November … Read More

AskTED – What It Is and Why It Is Important for Your Charter

AskTED is the online Texas Education Directory (TED), which is updated daily.  AskTED is the primary source used by TEA and other agencies to direct communications to the school’s administration and board. TEA expects that the school’s administrators keep AskTED updated with the most recent information, in real time, to ensure the school receives timely … Read More

New W4 Form for 2020

To go into effect January 1, 2020, the IRS has released an updated version of Form W-4. This newly redesigned version reduces the form’s complexity and increases the transparency and accuracy of the withholding system. While it uses the same underlying information as the old design, it replaces complicated worksheets with more straightforward questions that make … Read More