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Stella Skye, Co-Founder of Minxxx Digital, teams up with Katherine Studley, founder of The Only Consultant - a judgement-free tax service for sex workers, to delve into the crucial realm of financial management for adult content creators. Focusing on providing invaluable guidance, they navigate through various topics ranging from banking discrimination to practical bookkeeping strategies. The conversation is rich with insights, covering essential aspects such as the importance of separating personal and business expenses for streamlined bookkeeping and accurate tax reporting. They shed light on navigating the intricacies of determining business expenses and maximizing tax deductions, ensuring creators have the knowledge to optimize their financial practices.
Moreover, Stella and Katherine address the evolving landscape shaped by regulatory changes like the Corporate Transparency Act, offering invaluable perspectives on how these shifts impact platforms such as PayPal and Venmo. As the conversation unfolds, they underscore the significance of understanding reporting requirements to maintain compliance with tax regulations. The dialogue culminates with reflections on the past year's highlights and an optimistic outlook on future endeavors, leaving listeners empowered with actionable insights to navigate the financial intricacies of the adult content creation industry.
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If you have any questions for future episodes, send us an email: stella@minxxxdigital.com
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