Finances Uncovered: Empowering OnlyFans Creators with Expert Accountancy

Blake Oliver is joined by Katherine Studley and Jim Swiech, the founders of Prisma Tax Group. Katherine and Jim specialize in helping OnlyFans creators and sex workers with their accounting and tax needs. They discuss the unique challenges facing these clients, as well as the common misconceptions and stereotypes surrounding the industry. Katherine shares how she built her business through TikTok and Instagram, and Jim explains how their pricing structure and hiring practices have contributed to their success. Tune in to learn more about this fascinating and underserved niche in the accounting world.Sponsor Check out our Sponsor LiveFlow — Advanced Financial Reporting on AutopilotSign up to get free CPE for listening to this podcasthttps://earmarkcpe.comDownload the Earmark CPE App Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appChapters(00:00) - Preview: Everyone deserves judgment-free financial representation

(01:10) - Earn Free CPE

(01:30) - Welcome Katherine to the show

(02:36) - Background on Jim

(04:11) - Who are your clients? Are they all OnlyFans creators?

(05:08) - Chapter 6
(08:20) - Do you see sex workers being discriminated against in audits?

(13:29) - What deductions should OnlyFans creators be taking?

(14:32) - What are the biggest challenges you face working with OnlyFans creators?

(16:12) - How do you make 1040s work?

(18:01) - Where are you finding talent, and how are you training them?

(21:44) - What was the biggest lift to get ClickUp to work for your firm?

(22:52) - How do you like ProConnect compared to other software you've used in the past?

(27:12) - What other apps do you use or recommend?

(31:13) - Chapter 15
(32:22) - How do your clients get into this line of work?

(35:04) - What type of income are your clients making from this?

(37:34) - Are you worried about TikTok potentially getting banned in the U.S?

(41:04) - Why do banks or payment processors give OnlyFans creators such a hard time?

(42:04) - Give us a sense of the size of the industry

(44:47) - What are some tips on creating content that appeals to your target audience

(47:52) - Human-trafficking and sex-trafficking training

(52:26) - Wrap up and where to reach Katherine or learn more
Connect with Our GuestsKatherine Studley: LinkedIn: https://www.linkedin.com/in/katherine-studleyTwitter: https://twitter.com/theonlyconsultFacebook: https://www.facebook.com/katherine.studleyInstagram: https://www.instagram.com/the_only_consultantTikTok: https://www.tiktok.com/@the_only_consultantJim SwiechLinkedIn: https://www.linkedin.com/in/james-swiech-cpa-b9334420/Learn more about Prisma Tax Grouphttps://www.prismatax.com/Connect with Blake Oliver, CPALinkedIn: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/