Sex Workers Need Tax Advice Too| |
While many of us shy away from pornography and adult entertainment industry, it is a large marketplace. In the United States, porn generates $12-14 billion dollars in annual sales. To illustrate, here are some eye opening statistics:
- Internet pornography makes up 20% of total e-commerce sales in the United States
- Approximately 40 million Americans visit porn websites
- Growth during Covid-19 was up 25% to 40%
- Porn businesses want tax advice without shame or guilt
- Porn businesses want to be remote clients and don't want to meet in person
- Porn businesses don't have inventory
- Porn businesses need to save for retirement now
For most accountants, this is the ideal niche. Small businesses that want virtual tax relationships. And an industry that is grossly underserved but needs tax planning and retirement planning.
Adult entertainment tax and accounting does not need to be tacky.