In this video, Ryan O’Connell, CFA, FRM walks you through The Ultimate Excel Spreadsheet for Self-Employed Entrepreneurs and Small Businesses, designed to help you track profits and estimate taxes with ease. Learn how to accurately manage your revenue, business and personal expenses, and understand crucial tax calculations like self-employment tax and federal income tax. Ryan also covers how to estimate quarterly taxes, calculate your net worth, and plan for retirement, all tailored for small businesses and entrepreneurs in the United States. Whether you’re new to small business finances or a seasoned entrepreneur, this video simplifies tax planning and financial tracking. Download the Excel template and take control of your small business finances today!
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https://ryanoconnellfinance.com/product/the-ultimate-excel-spreadsheet-for-self-employed-entrepreneurs/
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Chapters
0:00 – Financial Model Overview | Track Your Earnings & Taxes
6:29 – Revenue Tracking Explained | Accurate Income Calculations
10:38 – Business and Personal Expenses | Maximizing Tax Deductions
12:22 – Self-Employment Tax | How to Calculate
15:24 – Federal Income Tax Calculation Simplified
27:38 – State Taxes | Estimate With Online Tool
29:32 – Calculate Your Personal Budget & Post Tax Monthly Savings
33:17 – Personal Balance Sheet | Calculate Your Net Worth
35:53 – Retirement Age & Net Worth Calculator | Plan Your Future
43:22 – Quarterly Taxes | How to Estimate
45:19 – Errors and Omissions | Ongoing Updates
*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.
