Keep What You Earn Dildos are Deductions Too with Katherine Studley
Today's guest takes "not your typical CPA" to the next level. Katherine is a powerhouse CPA who is on a mission to serve spicy businesses including exotic dancers, sugar babies and OnlyFans creators. She also comes from a compassionate space free of judgment for her clients. Today we unpack how this industry is benefiting from her services, including a few tax tips for creators and how she chose her niche and her team - it was quite a surprise!
Raised in Buffalo, NY, Katherine is a tax accountant by trade and a creative in essence. In 2021, She founded The Only Consultant, an innovative consulting firm dedicated to providing tax and financial advice to OnlyFans creators, exotic dancers, and other creative freelancers. Despite having no prior experience in entrepreneurship or the "spicy" industry, it became crystal clear there was an overwhelming need for straightforward, compassionate and judgment-free financial help. By focusing on innovation, collaboration and empowerment, they are not your typical accounting firm.
https://www.linkedin.com/in/ryan-conn-64b67411a/
https://www.linkedin.com/company/cs-business-consulting/
https://www.linkedin.com/company/shelton-associates-cpa-pllc/
What you'll hear in this episode:
[3:40] Katherine talks about her background and why she is passionate about the industry she serves.
[10:37] What are some of the challenges that clients in the spicy industry face in regards to accounting and taxes?
[19:57] Katherine discusses the process of how she helps her clients discover write offs and deductions.
[24:45] How can accountants become more approachable and welcoming to all clients?
[26:48] Katherine dives into what her goals and missions are for her business.
If you like this episode, check out:
Real Talk on Social Media Tax Advice
How to Use Cost Segregation for Real Estate Tax Savings with Sean Lichterman
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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.