Recorded: 3/13/2022 / Published: //2022
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- In this week’s episode of The Krypt we are talking about taxes for cam models, pornstars, and kink businesses.

- Rules to Love By: (https://inclusionwoodworks.com)
1: Safe, sane, consensual, and informed
2: KNKI: Knowledge, No Intolerance, Kindness, Integrity
3: “Submission is not about authority and it’s not about obedience; it is all about relationships of love and respect.” -Wm. Paul Young

- “Taxes for Cam Models and Kink Businesses-S04E26”
“I help OnlyFans creators prep their taxes. They're often surprised what can be a tax write-off, from BDSM gear and tattoos to their Spotify subscription.” by Jenny Powers Feb 5, 2022
https://www.businessinsider.com/help-onlyfans-creators-adult-entertainers-prep-taxes-2022-2?fbclid=IwAR0640M09sLk0_rwGS6mla9oMMgmVEyiYFwedC00iuSJ-NsbHEtq6rd2fh8
Katherine Studley, 28, is a financial strategist and tax accountant based in Virginia. She launched The Only Consultant to offer judgment-free tax prep services for adult entertainers.
"A Simple Resource for OnlyFans Creators Tax Guide 2021" https://payhip.com/b/2Ndp
This as-told-to essay is based on a conversation with Katherine Studley, a tax accountant in Virginia, about her career path. It has been edited for length and clarity.
Chances are if you're an amateur porn model making a living on OnlyFans, you might not exactly want to pop over to your local H&R Block to get your taxes done when tax season rolls around.
It's nothing personal against H&R Block or any traditional firm setting, but it's no secret people in the adult-entertainment field often experience stigma. Many OnlyFans creators want the option to be more discreet and work with a professional who understands the nuances of the adult industry. That's where I come in.
I call myself The Only Consultant because my business is tailored to OnlyFans creators who are looking for an open-minded tax professional. I'm not only unfazed by questions like, "Are the sex toys I use in my videos tax-deductible? or, "Am I required to pay taxes on cash gifts from my sugar daddy?" — I'm also equally equipped to answer them (PS. the answer to both is yes, to an extent).
My goal is to serve as an industry ally and assist sex workers with their tax prep without judgment
My dad is a tax CPA, so growing up in our house in Buffalo, New York, there were five seasons: winter, spring, summer, fall, and tax season. As a kid, everywhere we went, people would ask my dad tax questions, which made me realize early on that while everyone has to file taxes, not everyone has the wherewithal to do it on their own.
The process can be pretty daunting, especially as a 1099 independent contractor, which is the category content creators fall into because, in essence, they're operating their own small business.
I majored in accounting at Niagara University and after graduating in 2017, I did a tax internship followed by nearly two years at regional CPA firms, where I easily clocked 65 hours a week.
In summer 2019, I decided to hit the reset button on my life and moved to Alexandria, Virginia, where I began working in a coffee shop
I made it a mission to meet a lot of people and see where my networking might take me.
I began moonlighting for local business owners I met at the coffee shop and assisting them with their online marketing strategies. That winter, my networking also led to a full-time government...