Katherine Studley of The Only Consultant 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.
Her goal in starting Prisma Tax Group in 2022 was to assist her clients in achieving both financial success and mental tranquility. They’re not your average accounting firm; they emphasize empowerment, teamwork, and innovation, and 2021 saw the launch of The Only Consultant.
She was working for a Virginia government contractor at the time when she happened onto OnlyFans on TikTok. Her first thought was to launch an eBook. But as she promoted the book on social media, she discovered that people were seeking an accountant, not an eBook.
She provided free consultation services for the first two years, contracting out the tax return preparation to a small tax firm where she had previously worked. It was time for expansion, so in November 2022, she and a business partner founded Prisma Tax Group. She bought his stake in July 2023, taking ownership of both businesses entirely.
Their creative strategy in the accounting sector involves paying contractors a portion of the money they make preparing tax returns and working remotely. They also keep flexible hours and guarantee deadlines are reached. Their inventiveness is seen in the adult market since few accountants are eager to work in this field. Her approach entails developing trust, traveling to meet clients in person, and being involved with them.
Currently, she offers tax consultation, bookkeeping, LLC and S Corp formation, and tax services. Her goal is to grow into life and health insurance, real estate, and any other services her clients might require to become the only consultant they will ever need. You can find them at theonlyconsultant.com
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
You can follow The Only Consultant on Twitter (X) @theonlyconsult.
You can follow Bruce of ASB on Twitter (X) @asb_bruce.