Katherine Studley of The Only Consultant is this Week’s Guest on Adult Site Broker Talk
Katherine was raised in Buffalo, NY. She’s a tax accountant by trade and a creative in essence.
In 2021, she founded The Only Consultant, a judgment-free consulting firm dedicated to providing tax and financial advice to adult creators, exotic dancers, and other creative freelancers looking for 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, it became clear 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 with the intention of assisting her clients in attaining financial prosperity and tranquility.
By emphasizing empowerment, collaboration, and innovation, they distinguish themselves from the average accounting firm.
In 2021, she initially established The Only Consultant.
During that period, she was employed by a Virginia-based government contractor and discovered OnlyFans via the social media platform TikTok.
Her primary concept was to sell an eBook.
As she promoted herself on social media, she discovered that individuals were searching for an accountant rather than an eBook.
During the initial two years, she provided her consulting services without charge while delegating the preparation of tax returns to a small tax firm with which she was affiliated.
She decided to expand in November 2022, so she and a business partner founded Prisma Tax Group, an independent tax firm.
She acquired his share in July 2023, thereby attaining exclusive ownership of both enterprises.
They have developed an innovative strategy in the accountancy industry by operating remotely and compensating contractors with a percentage of the revenue generated from tax return preparation. They ensure compliance with deadlines while preserving flexible schedules.
Their innovation is apparent in adult, where only a few CPAs are inclined to partner with this industry.
Her approach incorporates active engagement with clients, extensive travel for in-person meetings, and establishing trust.
Currently, she offers tax consulting services, bookkeeping, LLC and S Corp formation, and tax services.
She aspires to become the only consultant her clients need by diversifying her portfolio to include real estate, life and health insurance, and any other services they may require.
You can find them at theonlyconsultant.com and follow them 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. They are known as “the ethical broker” for their business practices. You can contact them on their website at adultsitebroker.com
You can listen to Katherine Studley on Adult Site Broker Talk starting today at https://adultsitebrokertalk.com
