Tax Tips

Creating content on OnlyFans may seem like an easy way to make some extra money. Unfortunately, many content creators have been unpleasantly surprised by year-end tax bills on the income they earned through the platform. We’ll take a look at what OnlyFans taxes, including what tax forms you can expect, how to report your income […]

As OnlyFans continues to gain popularity among content creators, many are turning to the platform as a source of income. However, as with any business venture, protecting oneself legally and financially is important. One way to achieve this is by forming a legal entity for your OnlyFans business. This can provide benefits such as liability

OnlyFans is a popular platform for content creators to monetize content through paid subscriptions. As more people turn to OnlyFans as a source of income, it is important for creators to understand their tax obligations and how to file taxes for OnlyFans properly. In this article, we will provide a step-by-step guide on how to

If you’re a content creator on OnlyFans, you know that building a following and creating content takes a lot of hard work and dedication. But as your income grows, it’s important to consider your OnlyFans tax liability and how to reduce it. By understanding the tax rules and regulations for content creators on OnlyFans, you

The OnlyFans platform hosts a variety of content creators. Models and artists can generate substantial income on these platforms, so their side hustles oftentimes become full-time businesses. However, even models and performing artists need to keep track of their financial performance, and accounting software makes base-line bookkeeping much more accessible to accounting novices. In this

Successful content creators do very well financially because of the high volume of users clicking on their productions and works. When the viewing population rises, so does the creator’s capacity to earn significant money from a venture. This income is, of course, taxable by the U.S. Internal Revenue Service (IRS), and the creative talent gets

Whether you have started modeling on OnlyFans as a side hustle or a full-time endeavor, you’ve entered self-employment. Getting into the new revenue stream is easy, but it’s important to understand the tax implications of independent contractor taxes. What is an Independent Contractor? People who offer their services to multiple clients or customers are generally

Mailboxes in January fill up with lots of tax forms, and you should pay attention to all of them. OnlyFans models and other content creators can expect to receive a 1099 Form showing the income. In this post, we’ll answer, “what is a 1099 form?” and explain what you should do with these forms when

It’s exciting when you start earning money from your content, but as an adult content creator, taxes can sneak up on you. Since you’re not working as a regular employee, you must pay estimated taxes to keep you on track. In this blog, we’ll look at estimated taxes, who needs to make them, and how