Wednesday Mar 08, 2023

20 \\ Confused About Business Taxes? Unraveling K-1s, W-2s, and Health Insurance Hacks

Are you confused about how K-1s, capital gains, and health insurance affect your taxes? You’re not alone! In this episode, we tackle listener questions about some of the most common small business tax topics. Learn what a K-1 form really is, why it’s essential for your tax return, and how pass-through entities work. We’ll also dive into the basics of capital gains taxes—what they are, how they’re calculated, and how appreciation and depreciation come into play. Plus, we’ll explain how to properly reflect health insurance on your W-2 to maximize your tax benefits.

Whether you’re a seasoned business owner or just getting started, this episode is packed with actionable advice to help you feel more confident in your finances. Tune in and discover the answers you need to navigate your business taxes like a pro!

 

Next Steps:

💰Pay Less in Taxes – Start Here! 💰

☎️ Are you overpaying in taxes every year?  Schedule a FREE discovery call to find out!

📧 Contact Me --> hello@phillipsbusinessgroup.com 

📲 Follow me on IG @ the.tiffany.p.cpa

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