PATTAYA, Thailand—Katherine Studley of The Only Consultant is this week's guest on "Adult Site Broker Talk."
Studley was raised in Buffalo, New York, and is a tax accountant by trade and a creative person by nature.
In 2021, Studley founded The Only Consultant. This judgment-free consulting firm provides tax and financial advice to adult creators, exotic dancers, and other creative freelancers seeking a non-traditional tax experience.
She had the idea while scrambling eggs with $400 in her bank account. Despite having no prior experience in entrepreneurship or the adult industry, she realized there was an overwhelming need for straightforward, compassionate, and judgment-free financial help.
Her client list quickly grew to hundreds of small businesses. She established Prisma Tax Group in 2022 to give her clients peace of mind and financial success. It differs from other accounting firms by emphasizing empowerment, innovation, and teamwork.
In 2021, Studley launched The Only Consultant. She discovered OnlyFans on TikTok while working for a federal contractor in Virginia at the time. Her original plan was to establish a brand to sell eBooks. However, when she was promoted on social media, she discovered that creators sought accountants rather than an eBook.
She outsourced the preparation of her tax returns to a small tax firm where she had previously worked, and for the first two years, she provided her advising services for free. When November 2022 rolled around, Studley decided it was time to expand, and with a business partner, she founded Prisma Tax Group.
She bought her partner's portion by July 2023, completely owning both businesses. The company's creative method in the accounting sector involves working remotely and paying contractors a portion of the money earned from preparing tax returns. It also keeps flexible hours and ensures that deadlines are met.
Their ingenuity is clearly seen in the adult market, as not many accountants are willing to work in this field. Studley's approach is interacting directly with customers, making trips to meet them in person, and developing a rapport with them.
Studley currently offers bookkeeping, LLC and S Corp formation, tax consultation, and tax services. Intending to be the only consultant her clients ever need, she intends to grow into real estate, life, health insurance, and any other services they might require.
The company can be found at theonlyconsultant.com and on X @theonlyconsult.
Bruce, the adult site broker, host of the show, and CEO of Adult Site Broker said, “Katherine and I had a great conversation about tax and financial ramifications for creators and other adult professionals. What she’s offering is unique in our industry.”
Adult Site Broker helps people buy and sell websites in the adult space. For more information, visit adultsitebroker.com.
Listen to Katherine Studley on "Adult Site Broker Talk" starting today at adultsitebrokertalk.com.
