LOS ANGELES — SexWorkCEO has released a new course in collaboration with accountant Daisy Does Taxes to assist self-employed sex workers in managing their taxes.
The business resource and advocacy platform for online sex workers teamed up with the noted sex worker and accountant in preparation for tax season.
The three-part video series launched on Monday and tackles the tax basics for self-employed sex workers, including filing tax returns, what income sources to declare, the records to retain, what expenses can and can't be deducted and how much to pay in self-employment taxes, as well as how they're calculated.
"This course comes just in time for online sex workers and content creators as they file their federal income tax returns — due this year on April 18," said SexWorkCEO founder MelRose Michaels. “Daisy is an incredible accountant, and I'm so proud to be able to share sex worker-specific advice on taxes.”
Michaels noted taxes are “a topic that is often very misunderstood, especially with online or hybrid creators that have multiple revenue streams on various platforms and applications. Being a SexWorkCEO means being empowered to build your entrepreneurial empire, but it also means making sure things like your taxes are covered."
Daisy added, "Sex work is work and like all workers, we need to file taxes. There is a lot of misunderstanding around filing taxes as a sex worker, but if you’re earning online or with cash apps or bank deposits, the IRS already knows how much money you made; take a deep breath, it's going to be okay. These videos will help you understand the basics to get started.”
For many individuals and small businesses in the U.S., taxes need to be filed by Monday, April 18. In most cases an extension can be filed to push the deadline until October 15, though a tax payment may still be due on April 18.
For more information on extensions, click here.
