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

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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.

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