Daisy Does Taxes
@daisydoestaxes
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She/Her🪷 Tax Consulting and Financial Coaching for US based SWers! 🪷 Book a Zoom consult ⬇️ run by assistants 🖤 (OR LTC #1923443 -C) hello @daisydoestaxes .com
United States
Joined March 2021
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Did you know Daisy Does Taxes is on YouTube? Be sure to check us out--we will be posting there daily through the end of the year!
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First order is shipping out today!!! 🥰🥰🥰 DM me for your copy!
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BREAKING: Visa and Mastercard suspend advertising payments on PornHub. What does this mean for OnlyFans and other adult sites?
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@toplesscapo_
How tf can you ban accepting tips in a restaurant, an industry where tipping is expected?? How is a customer wanting to tip a hard working employee “stealing” from the company???
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What are some of your favorite podcasts by SWers, for SWers? Tag them below! We’re always looking for new voices to support 💖
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On a personal note—I was outed to a family member today.
That was a risk I decided to take when I chose to be open about my SW experience on my business pages. I don’t regret my decision. I still feel pain, confusion, fear, and guilt around this.
My family and I are safe.
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🚨INPUT WANTED 🚨
I’m compiling a list of credit unions to recommend to fellow SWers & clients. I thought about making this a public thread, but felt it was too risky.
If you’re a SW who uses a credit union, please DM or email me if you’re willing to share!
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With Biden’s new bill, the IRS will have access to taxpayer’s bank account information and will be checking for untaxed income.
Moving forward all cash deposits into your bank account should be reported on your tax return to avoid being penalized by the IRS for tax evasion!
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This is why you should have a credit card dedicated to business expenses! 💸
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Can I expense it? Let’s look at some examples!
YES to wigs and false lashes
NO to routine hair appointments and lash extensions
If you can take it off right after work, there’s a much better chance it’s a valid (appearance) deduction!
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If you’re a content creator and you use any of the below for your work, you can treat yourself to an upgrade and reduce your taxable income at the same time! 💅💸✨
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“Oh, you’re a tax accountant? What does your husband do?”
He has the most important job of all: keeping me fed and caffeinated and keeping our four animals alive
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$400 is the reporting threshold for self-employment income!
We often see the misconception that $600 is the minimum, and it makes sense, because that’s the minimum for a 1099! But if you make $400 or more, you technically still need to file and pay self-employment tax on that.
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Content Tip:
Anything that you purchase specifically to make content can be written off, as long as the item wasn’t illegally obtained. 🍦🍯🍃
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IT’S HERE!!!!
The Daisy Does Taxes Sex Worker’s Guide to Taxes is now available for digital download!!
You can purchase it here:
If you would prefer a physical copy please DM me as those are made to order!
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Shopping the New Year sales? You’ll want to keep this in mind! 🛍️
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I’ve seen some debate recently around this topic, so let’s talk about it!! As SWers, our appearance is a huge part of the job, and many of us only perform femininity for pay. As a SWer and a tax professional, this is my advice to maximize your savings and abide by IRS rules.
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So pleased to announce that Daisy will be doing a live segment with
@StreamateModels
all about Sex-Worker Tax Basics! It’s on Thursday February 23 at 2:00pm PST!
Register here:
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Friendly reminder that the 20% that OF (and other platforms) take out is NOT for taxes!
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Let’s talk about renting an apartment when you’re self employed!! 🧵
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Planning a collab? Here’s what you need to know, tax-wise! 📝
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Do I need an LLC in order to deduct my business expenses? 🤔
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When you’re setting your prices, remember to factor in 20-30% for taxes as well as any percentage cut that a platform or workplace might take.
A $100 tip on OF actually nets you $64 after the platform’s 20% fee, and after you set aside 20% of the remainder for tax.
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ADHD hacks for maintaining and tracking your finances!
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The digital copy is available for purchase here:
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Myth vs Fact: Do SWers pay tax?
SWers pay both self-employment and income tax. Singling out SWers as the group to question ignores major issues around taxes and scapegoats a marginalized group.
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Have you heard about the so-called “Thot Audit”? Here’s why it’s a load of bull💩!
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Categorizing your expenses is a smart move, because it saves you time when you need to file. So which categories are you likely to need to use? Here’s a quick breakdown of what goes into the most-used expense categories for SWers!
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Two Formulas to Know as a Self-Employed SWer: Net Income and Estimated Tax!
Note: The estimated tax equation is not the same as a full quarterly estimate, which takes into account a LOT more information!
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These colorful tax guides are shipping out tomorrow!
Tomorrow is the last day to reserve your physical copy of The SWers Guide to Taxes: 2021 Edition! DM me to reserve a copy ❤️
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A quick little guide on how to categorise some of the most common expenses we deal with as SWers!
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FREE 2023 downloadable Tax Calendar! Now available on our website ✨
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“Do I need to have an LLC to write off travel or legal expenses?” 🤨
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Reminder: The Travel Meal deduction for 2023 is 50% of any food or drink purchased while traveling or while dining with business associates.
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The Daisy Does Taxes SWer's Guide to Taxes: 2022 Edition is NOW LIVE!
Get your digital copy here:
Physical copies will be available for a limited time starting in September!
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If you know of an adult site that allows clients to pay with crypto, please comment here! I’m compiling a list to share with creators ❤️
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Can I purchase content as market research, and is that a write-off?
Absolutely! Purchasing content is a great way to conduct market research. You can categorize it as Other Expense - Market Research or as part of your Advertizing expenses.
(Be mindful of research vs copying!)
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We’re seeking one reliable, cheerful individual to join our team! Position is part time and remote with flexible hours. Pay is hourly and DOE. Strong preference to SWers! Must be available to start ASAP.
To apply or inquire, please email daisy
@daisydoestaxes
.com ❤️
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Announcement: Daisy Does Taxes communications policy updates! Please read before reaching out to ensure that your inquiry will be seen and handled. 💌
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FAQ: Is it illegal to have a cover story?
No, it is not illegal to have a cover story. More specifically, it’s not illegal to file your taxes as a Consultant or Independent Artist when you’re a SWer. Criminally, the IRS is concerned with tax fraud first and foremost.
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A less-common but perfectly valid write-off is CUSTOMIZED CLOTHING or MERCH bearing your performer name and/or logo! ✨
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Need to get on track for 2022?
Our “Full Package” deal covers your estimated tax for all 4 quarters and your 2022 return. For $400, all of your tax issues are handled for the year.
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Bad Advice for Content Creators… and What You Should Do Instead! 💫
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So, obviously there is Twitter drama. The most hurtful of which being that I lied about being in an accident on 4/18.
🚨TW🚨
No, I am not lying about this accident. I tried to end my life. Largely bc of the vitriol I receive on these platforms.
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A cash tip to housekeeping or hotel porters is tax deductible under your travel expenses. Make an entry in your expenses spreadsheet that a cash tip was left, and that can function as your record.
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Never stop grinding? NAH.
Take a fucking break, you deserve it!
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We’ve got a new blog post up: How to Create a Budget as a Self-Employed SWer! 💰✨
This guide is designed to help you figure out how to work out your own budget based on your expenses and your income. The numbers are mostly national averages, so everyone’s will be different!
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Another edition of “Can I expense it?” !
Yes! You can expense your stage makeup and your press-on nails!
No! You can’t expense your skincare or your nail appointments*!
(*An exception can be made for content creation centered around nails!)
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Due to an overwhelming volume of initial meeting requests, & the need to pay a living wage to both myself & my assistant, Daisy Does Taxes will now be taking $15 deposits for all initial appointments. The full of your deposit can be applied to any service if booked within 1 month
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Happy 2023! Share your (business) goals — let’s hype each other up! 🎉
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If you use a VPN for enhanced internet privacy, you can write off a portion of it as a business expense. 🥸
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Need to create a luxury image?
You can write off 100% of the cost of a hotel room or AirBnB used for a photo shoot.
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Happy August 🌼
Now is a good time to start saving for your 2023 taxes! We’re getting closer and closer to the end of the year 🫠 but saving early can help you substantially in the long run! A little bit goes a long way 😁💕
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Did you know you can expense your data storage? DropBox, iCloud, etc. can all be written off if they’re used to house your content!
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Let’s go back to the very basics… Tax Terms 101 with Daisy!
What’s a Tax Return? What about a 1099? What’s the difference between Net Profit and Taxable Income?
Scroll to find out! And drop any other terms you’d like to see defined in the comments! 💸
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Due to inflation and the current cost of living, Daisy Does Taxes will be using a new pricing structure. The prices below go into effect September 1st, 2022, with other prices changing on December 1st, 2022!
Deposits can be paid prior to November 30th to lock in current pricing!
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Want to write off your nails?
Consider investing in packs of press-ons! You can even buy them hand-made and hand-decorated by independent nail artists on Etsy. As long as it’s something you can put on and take off, it’s part of your work “costume” and a valid write-off.
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How do you do Valentine’s Day as a s*x worker? Do you focus on making a bag, on your personal relationships, or ignore it entirely?
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Looking to buy property?
Many lenders are looking for 2 years of self-employed tax returns showing consistent or growing income.
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Last chance to get a physical copy of The SWers Guide to Taxes: 2021 Edition!
I will be accepting physical book orders through Friday, June 25, and then I won’t be printing any more until closer to the 2021 tax season.
DM me to purchase a physical copy!
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Yes, we’re still taking new clients for 2022 returns!
If you want to file before the April deadline, you’ll need to have your documents submitted to us by March 15th.
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What can you write off as a PSO? Here are some less-considered expenses!
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Yes, you can write off a pole and pole classes!
Look for classes taught by fellow SWers to keep the money flowing through our community!
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Selling worn items?
You can write off postage as an office expense.
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Valid Write-Offs vs Not-a-Write-Off
Pole classes: valid!
Gym membership: not a write-off!
Wigs (exclusive to work): valid!
Hair appointments: not a write-off!
False lashes (exclusive to work): valid!
Lash extensions: not a write-off!
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🙋🏻♀️ We offer this *exact* service, tailored specifically to SWers. Because we’re 100% SWer owned and run, we are great at thoroughly reviewing your docs and capturing every possible write-off. 💖
im behind on taxes and have MASSIVE avoidance around it, is there someone i can pay to just take my bank statements and transaction records and make this whole problem go away while making sure i also am paying minimum taxes possible pls help im dying
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FAQ: If I don’t file my taxes, how will the government even know I’ve made money? 🧐🤨
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Are you looking for the kind of accountant who can answer the question, “Can I write off a ball gag?”
We got you.
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Buying custom artwork?
If it’s for branding or advertising, or for decorating your office/shooting space, you can write that off!
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We’ve had a lot of enquiries about our services and pricing for 2022!
Tax Return (Single): $270
Tax Return (Married - Joint): $370
Quarterly Calculation: $45
The Full Package (return + quarters): $400
Tax Consulting: $40 per hour
Bookkeeping: $135 per month
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Quick tip for getting and staying organized in 2023! ✨
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It has been my dream for a long time to become a certified tax preparer and provide services to my community. At first, I was shocked by the positivity i received. Now, I’m shocked by the negativity and lies I hear from people I’ve never even interacted with.
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You can deduct decorative plants and flowers for your workspace, as long as you define “workspace” strictly!
YES: Plants purchased for your office or area exclusively used to shoot content
NO: Plants purchased for your home, even if you shoot content all over your home
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You ignored the two different instructions we sent you on how to pay your estimated taxes, then blamed us for not reading our instructions. Then demanded that I refund you—because you couldn’t read our instructions that hundreds of other clients could?
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Yes! You can use app screenshots as proof of purchase! For example, if you do a lot of shopping at Target or through Amazon.
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Looking to add skills from dancing to your résumé but not sure how? We have some suggestions!
• Experienced in B2C sales
• Skilled at relationship-building
• Excellent verbal communication
• Confident in negotiation
• Quick to adapt sales strategies to suit…
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Tracking your mileage? It’s 65.5 cents per mile for 2023!
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All of our most important info, all in one place! Please check here for:
🌼 contact information
🌼 our cancellation policy
🌼 our current pricing
🌼 a brief overview of our company ethos
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Whether it’s an empire or a side hustle, we can help.
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Do I need to pay tax on material gifts?
Nope! A gift valued under $15,000 isn’t taxed for either the giver or the recipient. So if a client gifts you a new bag, no, you do not have to report the monetary value of the gift as income.
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What Counts as Advertising?
Obviously, paying to place an ad counts. What else?
• Paying for promotion by another SWer
• Paying for a premium subscription to a site like Tryst, or even Tinder
• Purchasing custom graphics to advertise yourself on socials
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Good news! Calendly is working again🎉 you can now schedule consultations through the first link on the homepage 😁
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Going on tour? Let’s talk about what counts as a valid expense!
(4 slides: Intro, Travel & Lodging, Food & Beverages, and Advertising)
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“When can I deduct food?” is one of the most common questions we’re asked! Here’s a quick cheat sheet.
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To all of our clients, friends, and coworkers, THANK YOU for your support over the weekend. You mean so much to us. 💗
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Where’s the pic of me chugging redbull bc that’s still me rn 😂😂
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On this Trans Day of Visibility, we want to make it clear that we are here for trans and non-binary sex workers, and we endeavor to create a space where you feel welcome and uplifted. We are proud to serve sex workers of all genders. 🏳️⚧️
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