How The Only Consultant Turned a Niche into a Thriving Tax Business

Stay in touch and sign up for Paco’s weekly email newsletter, The Nerdletter. In this episode of Weird Finance, Paco talks to Katherine Studley, a tax consultant for adult content creators. Katherine shares her journey from working in traditional CPA firms to founding The Only Consultant. They discuss the evolving gig economy, the impact of platforms like OnlyFans on legitimizing sex work, and the challenges and solutions around tax write-offs specific to the industry. Katherine provides insights and offers strategies for managing a rapidly growing client base and tips for freelancers about setting up business entities. Additionally, they explore Katherine's latest project—a tax course aimed at creatives—set to launch in late December. This episode is packed with practical advice and thought-provoking discussions for entrepreneurs and freelancers alike. Katherine Studley (@the_only_consultant) is both a tax accountant and creative originally from Buffalo, NY and now living in Houston, TX. She graduated from Niagara University with a Bachelor's in Accounting and started her career in CPA firms. After pivoting to social media marketing during the pandemic and learning about OnlyFans, she realized there was an opportunity to provide judgement free tax preparation to the adult industry and beyond. Sign up for Katherine’s email newsletter: https://www.theonlyconsultant.com For tax help: https://www.prismatax.com The theme music was written and performed by Andrew Parker, Jenna Parker, and Paco de Leon. If you’d like to contact us about the show or ask Paco a question about finances, email us at weirdfinancepod (at) gmail.com or submit your questions here. We’d also love your listener feedback about the show; here’s a short survey.

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I’m weird, you’re weird, we’re all weird about money. Weird Finance explores the often intimidating terrain of money, finances, and economics and how these invisible forces shape each person’s ideas about themselves and the world around them. Hosted by author, illustrator, and musician Paco de Leon; Weird Finance is all about have real, honest, unconventional money conversations with the aim of getting comfortable with the uncomfortable and changing our relationship with money. We’ll laugh so we don’t cry and most importantly, we’ll hear people’s money stories in the hopes that these stories will help us make better decisions and take care better care of one another.