When you run your own small business and work from home, you have a few distinct advantages during tax season. Self-employed individuals are able to deduct a long list of business expenses, which can help decrease your overall taxable income. One of the most lucrative opportunities for small business owners allows you to deduct the [...]
As a small business owner, you wear many hats. Add one more: tax preparer extraordinaire. Here are three tips to help you prepare records for your tax professional - and make filing an easier process. Tally Your Inventory In order to calculate the cost of goods sold, your tax professional needs your inventory amount at [...]
With more words than the King James Bible, the United States tax code has got to be one of the most complicated, if not the most complicated, documents ever committed to paper. To call some of the passages within that code mind-boggling would be a huge understatement, and there is a cottage industry developing around [...]
When you submit a tax return electronically, you usually can get it processed faster, giving you quicker access to any refund money you're supposed to get. There are other advantages, too, such as the ability to store a copy of your return conveniently on your computer or other media without wasting physical space. These kinds [...]
With the start of the 2014 tax season underway, besides the usually forms you receive each year to prepare your Form 1040 (W-2's, 1099's, etc.), you may notice a few new tax forms you may need to prepare your 2014 tax returns. These forms are part of the Affordable Care Act (ACA). These forms along [...]
The Affordable Care Act, is a combination of the Patient Protection and Affordable Care Act, as amended by the Health Care and Education Reconciliation Act of 2010 and will dramatically effect how health care is delivered in the United States. Provisions of the legislation affect not only health care providers, but also most individuals and [...]
My name is Michael Ketterman and I've been a CPA since 2002. I established my practice in 2006 to serve San Antonio, Texas and the surrounding business areas. Originally from the West Texas area...I was raised to work hard, trust in people and do my best to succeed. I have followed these principles throughout my life, [...]
