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Tax Tips

onlyfans forming an entity for business

What’s the Best Entity for OnlyFans Models? [LLC, Corp, Etc.]

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 …

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onlyfans accounting software recommendations

Best OnlyFans Accounting Software for OnlyFans Models & Content Creators 

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 …

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Independent Contractor Taxes for OnlyFans Models

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 …

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onlyfans 1099 tax tips

What is a 1099 Form?

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 …

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