studley: navigating the adult industry accounting niche | big 4 transparency

“you can write off lingerie?” learn how one accountant built a judgment-free firm for the adult industry. 

this is a preview. the complete video episode, with commentary and transcript, is first available exclusively to pro members | go pro here
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big 4 transparency
by dominic piscopo, cpa
for 卡塔尔世界杯常规比赛时间

when katherine studley posted a short tiktok in 2021 with the line “boobs aren’t a write-off,” she wasn’t trying to build a firm – she was trying to prove a point. now, the founder of the only consultant and prisma tax is one of the most in-demand accountants for adult industry professionals across north america, having helped thousands of creators, dancers, and sex workers file taxes, get compliant, and navigate financial systems that too often shut them out. 

more dominic piscopomore private equitymore pay & compensation

in this episode of big 4 transparency, host dominic piscopo speaks with studley about how she carved out one of the most unusual and underserved niches in accounting and scaled it to a fully remote, growing firm with a waitlist and a social following that fuels constant inbound interest. studley’s journey started after leaving the cpa firm grind, working in coffee shops, and being recruited into a government intelligence role. but it was a viral conversation during the pandemic that unlocked a huge market: onlyfans creators and exotic dancers who were suddenly earning six figures with no idea how to file taxes or whom to trust to help them. 

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one times fees is just one way

businesswoman using calculator while reviewing something on laptop screen

do the math. you might be surprised.

by marc rosenberg
cpa firm mergers: your complete guide

partners in accounting firms are familiar with the rule of thumb that a cpa firm’s goodwill is worth one times fees; however, like many “rules of thumb,” this notion is often incorrect.

more by marc rosenberg
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

when buyers begin to think about how much they will pay for a smaller firm, they often have this one-times-fees notion in the back of their minds. then, when sellers are bold enough to ask for a price in excess of one times fees, buyers often balk because they feel that the asking price is too rich.

the purpose of this article is to demonstrate that buying a small firm for one times fees is a steal (for the buyer). in fact, it’s still an outstanding investment at a premium price, say, as high as 1.3 times fees. let me illustrate.

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forecast firm growth with five questions

financial graph on blackboard

do you know where your next money is coming from?

by martin bissett
passport to partnership

if i could give you one tip that would assure that you could predict your consistent practice growth, it would be to look at your calendar.

more by martin bissett
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

you need to look at what is on your calendar and to look at today’s date and ask, “where is the money coming from this month?” look at what recurring fees you have, look at the value of those fees and what they bring in. then consider what would happen if any of those fees did not recur. look at what would happen if those fees dropped out of the equation and think about how you would replace that income.
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