Accounting and Tax

OnlyFans Tax Guide: Deductions, Filing, and Tips for Creators

By Matt Cohen on November 11, 2024

As OnlyFans continues to thrive, more content creators are achieving substantial financial success on the platform. However, with income growth comes the responsibility of understanding and fulfilling OnlyFans tax obligations. […]

Accounting and Tax

Fidelity Tax Documents Explained: OnlyFans Creator’s Guide

By Matt Cohen on November 11, 2024

As an OnlyFans creator, managing your finances and understanding your tax obligations is crucial to your success. One significant aspect of this process is dealing with Fidelity tax documents, which […]

Accounting and Tax

Form W-2G and OnlyFans: Reporting Extra Income from Gambling

By Matt Cohen on November 11, 2024

For many OnlyFans creators, managing finances is more than just tracking subscription income and cash payments. Many creators explore multiple income streams, including gambling winnings. Whether it’s poker tournaments, bingo […]

Accounting and Tax

1094 Tax Form Explained: OnlyFans Creators Hiring Employees

By Matt Cohen on November 11, 2024

As OnlyFans creators grow their business, they may find it necessary to hire employees to manage increasing demands. With employees comes the responsibility to report health insurance coverage to the […]

Accounting and Tax

OnlyFans Tax Form: How to File Correctly and Protect Your Income

By Matt Cohen on November 11, 2024

Making money on OnlyFans comes with real tax obligations. Whether you are new or experienced, filing your OnlyFans tax form correctly protects your income and keeps you out of trouble […]

Accounting and Tax

Federal Excise Tax and OnlyFans: Do Creators Need to Worry?

By Matt Cohen on November 11, 2024

As an OnlyFans creator, tax obligations might seem complex, especially with terms like “federal excise tax” popping up. Understanding how taxes apply to your income is essential, and this guide […]

Accounting and Tax

OnlyFans Tax Time: Vital Tips for Creators to Stay Compliant

By Matt Cohen on October 28, 2024

As an OnlyFans creator, managing your income taxes may feel intimidating, especially as you enter the self-employed world of tax obligations, deductions, and quarterly payments. Here’s a comprehensive guide to […]

Accounting and Tax

Tax Benefit Rule Explained for OnlyFans (2025)

By Matt Cohen on October 28, 2024

As an OnlyFans creator, you may have found yourself grappling with the complexities of taxes and deductions. While creating content and managing your fanbase can be rewarding, the financial side […]

Accounting and Tax

Freelancer Tax Guide for OnlyFans Creators: Tips & Compliance

By Matt Cohen on October 28, 2024

Navigating taxes as a freelancer can be overwhelming, especially for creators on platforms like OnlyFans. Unlike traditional employees who have taxes withheld from their paychecks, freelancers are responsible for managing […]

Accounting and Tax

7 Essential Freelancing and Taxes Tips for OnlyFans Creators

By Matt Cohen on October 28, 2024

As an OnlyFans creator, your work puts you in the realm of freelancing, which brings both creative freedom and new responsibilities, especially when it comes to paying self-employment taxes. Freelancing […]