Accountants for Adult Entertainers| |
For whatever reason, I have stumbled upon several articles of ladies who have recently lost their jobs because they had a side gig on OnlyFans. Personally, I have never been to OnlyFans and did not know it existed until a few friends mentioned that I have a neighbor on OnlyFans.
Here are the recent articles I referenced:
Despite the public reaction and blowback for earning a living virtually, there is serious money that is being made on OnlyFans and these entrepreneurs need professional advice for taxes and accounting. To address this need, Build Your Firm is now developing niche websites for tax professionals catering to OnlyFans models, adult entertainers, and camera models. At this point, most of our clients are targeting the broader entertainment category. Below are two firms developing an adult entertainer tax practice in a professional manner.
Here are the facts why accountants are considering this niche:
- Adult entertainers want tax planning advice without shame or guilt
- Most entertainers don't have inventory and don't want to meet in person (work virtually with you)
- Most entertainers need to save for retirement and don't want tax problems
- Approximately 40 million Americans visit porn websites
- Internet porn makes up 20% of total e-commerce sales in the US
In many ways, the adult entertainment industry is like the early days of cannabis accounting and tax.
Most CPA's and Enrolled Agents were apprehensive to embrace the cannabis industry. Today, many of the largest CPA Firms in the US proactively cater to cannabis. In other words, when major CPA Firms like Marcum, CohnReznick, Crowe, PKF, Carr Riggs, Baker Tilly, Armanino, BeachFleischman, and Citrin Cooperman focus on cannabis despite it being illegal federally, then the cat is out of the bag.
In the adult entertainment business, it is legal and much simpler than cannabis.
The choice is yours.