Tax and accounting compliance in the adult industry
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About Us

Welcome to Tandy Consulting! We specialize in providing financial consulting services to those in the adult industry, including sex workers, webcam operators, adult toy distributors, dominatrixes, and OnlyFans content creators. Our team of experienced professionals are here to help you create a secure and successful financial future.

At Tandy Consulting, we take a comprehensive approach to financial consulting. We offer services such as bookkeeping, tax preparation, financial planning, and more. We understand the unique challenges faced by those in the adult industry and are dedicated to providing customized solutions to meet your individual needs.

We believe in providing the highest level of customer service and satisfaction. Our staff is professional, knowledgeable, and always available to answer your questions and provide support. We strive to build long-term relationships with our clients and are committed to helping them achieve their financial goals.

At Tandy Consulting, we are dedicated to providing the best possible service to our clients in Fullerton, CA and across the US. We are proud to be a trusted source of financial consulting services and look forward to helping you reach your financial goals.

OnlyFans Taxes

Navigating tax season can be challenging, particularly for self-employed individuals such as OnlyFans creators. Implementing effective tax planning is essential to optimize your income and reduce your tax obligations. This article discusses practical tax strategies specifically designed for thriving OnlyFans content creators.

Key Points

  • Understand your tax obligations
  • Keep accruate records - ALWAYS
  • Maximize deductions
  • Plan for changes
  • Understand your entity classification
  • Consider forming a corporation
  • Take advantage of payroll
  • Utilize retirement savings plans

FREQUENTLY ASKED QUESTIONS

We've got A's for your Q's

Do you have to pay taxes on your OnlyFans income?

Yes. OnlyFans income — including tips — is subject to the same taxes as any other job.

In most cases GIFTS will count as well!!!

How do self-employment taxes work for OnlyFans creators?

As an OnlyFans creator, you’re considered a small business owner by the IRS, whether you make a full-time living on the platform or use it as a side hustle. That means paying self-employment taxes on your income at a flat 15.3% rate.

***Consider our corporate formations services to save on SE Taxes***  

What OnlyFans expenses can you write off? 

Forget everything Youtube told you. STOP and think about what any vanilla business would be able to write off. If you are treating yourself as a legitimate business you and I have the same rules.

The write-offsare only deductible if you’re actually trying to make a profit. In other words, treating OnlyFans like a job

What makes something a business expense? 

The IRS has two rules every expense has to meet for you to deduct it:

  • It must be “ordinary” (meaning it's a normal or expected cost in your line of work)
  • It must be “necessary” (meaning it's helpful and appropriate for the functioning of your business — not necessarily indispensable)

Exceptions to the rule

Every good rule has exceptions. 

Paid Promotions, paid modeling, separate makeup  

How do OnlyFans creators file taxes?

Reach out to us by email at ttandy@tandyconsulting.com

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Travis Tandy CEO & President of Tandy Consulting Inc

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