1. EachPod

20 \\ Business Taxes Explained: K-1s, W-2 Health Insurance, and Capital Gains Simplified

Author
Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
Published
Wed 08 Mar 2023
Episode Link
https://smallbusinessfinance.podbean.com/e/20-top-business-tax-questions-capital-gains-k1s-and-health-insurance/

Taxes don’t have to be so confusing. In this episode, we answer real questions from small business owners about some of the most common tax headaches. You’ll learn exactly what a K-1 is, how pass-through entities like S corps and partnerships report income, and why you can’t file your 1040 without one. We also cover how to properly handle self-employed health insurance on your W-2, and what capital gains tax really means—including the basics of depreciation vs. appreciation. If you’ve ever been unsure about these terms or how they affect your small business, this episode will clear things up and help you make smarter business tax decisions.


 


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