The Ultimate Tax Checklist for Escorts, OnlyFans Creators, and Adult Entertainers

Jan 2

4 min read

As an escort or adult entertainer, you wear many hats - you’re a performer, a marketer, and, yes, a business owner. While the work may be glamorous, keeping your finances in order can feel far from it. Taxes are an unavoidable part of running a business, but with the right tools and knowledge (and our tax tips for sex workers), you can minimise the stress and maximise your savings.

For those in the adult industry, understanding taxes is even more important. Between allowable expenses, income tracking, and staying compliant with HMRC, there’s a lot to think about. However, with this ultimate tax checklist, you’ll gain clarity, confidence, and control over your financial affairs. So, let’s dive in to our tax checklist for escorts and make tax season a little less intimidating - and maybe even a bit empowering.

What Expenses Can Escorts and Adult Entertainers Claim? - Your Tax Checklist for Escorts

When it comes to taxes, the phrase “wholly and exclusively for business” is your golden rule. HMRC allows you to claim a range of expenses directly related to your work, which can significantly reduce your taxable income. Here are some key sex worker accounting tips to consider when working in the adult industry, in particular, guidance around deductible expenses for OnlyFans creators and other online platforms:

Travel and Accommodation

Whether it’s a taxi to meet a client, train fares, or an overnight hotel stay, travel expenses are often claimable—as long as they’re for business purposes. Don’t forget parking fees or tolls if you drive for work. However, keep in mind that any personal travel is not deductible.

Costumes, Lingerie & Props

Outfits you wear exclusively for work, like lingerie, themed costumes, or even uniforms, can usually be claimed. For example, if you buy a PVC nun’s habit or other costumes for themed content, those costs can be deducted. To stay on the safe side, avoid claiming everyday clothing, as HMRC is strict about items with personal use.

Photography, Advertising & Websites

High-quality promotional photos, website hosting, and advertising fees are essential for marketing your services. Whether it’s a photoshoot or a paid ad on social media, these costs are 100% allowable.

Home Office & Utility Bills

If you work from home, you can claim a proportion of your utility bills, council tax, and rent. The percentage you claim should reflect the amount of space and time you dedicate to work. For example, if you use one room for business 50% of the time, you can claim half of the costs for that room. If you rent a flat solely for work, those costs are fully deductible.

Specialist Equipment

Tools of the trade, such as vibrators, toys, props, or stage equipment, are often allowable - provided they’re used exclusively for business. Keep a separate set of personal and work-related items to avoid any grey areas.

Training and Development

Have you attended workshops, courses, or seminars to improve your skills or expand your services? These costs are also deductible as part of your professional development.

Remember, claiming these expenses requires proper documentation, so make sure you keep every receipt and invoice. This not only ensures compliance with HMRC but also maximises your deductions.

How to Keep Your Financial Records in Order

If there’s one thing HMRC loves, it’s organisation. Accurate record-keeping not only keeps you compliant but also makes tax time far less stressful. As a business owner in the adult industry, staying on top of your finances is non-negotiable. Here’s how to do it effectively:

Document every payment you receive, whether it’s cash, bank transfer, or payments via platforms like OnlyFans or other subscription sites. Consistency is key - set up a system for recording each transaction. Remember to include tips and bonuses in your records, as these also count as taxable income.

Tools for Tracking Income and Expenses

Tools like Xero, QuickBooks, or apps designed for freelancers can help you track income and expenses, categorise deductions, and generate reports for filing. Many of these platforms also offer features like receipt scanning and automatic categorisation, making life even easier.

Create a Spreadsheet

If software isn’t your style, a DIY approach works too. Create a spreadsheet with columns for income sources, expense categories, and dates to keep everything in one place. Add subtotals for each category to track trends and ensure accuracy.

Why Digital Record Keeping Saves Time

Snap photos of receipts, upload invoices, and store everything digitally. This not only saves physical space but also makes it easier to retrieve documents during an audit or tax filing. Use cloud-based storage for easy access from anywhere.

Partnering with Industry-Specific Accountants

Partnering with an accountant who understands the adult industry can be a game-changer. They’ll ensure you’re claiming everything you’re entitled to while staying compliant with HMRC regulations. They can also provide tailored advice to optimise your financial strategy.

Organised records aren’t just about compliance - they give you a clear picture of your business’s financial health and help you plan for the future.

Why Good Financial Practices Matter for Adult Workers

Managing your taxes as an escort or adult entertainer doesn’t have to be daunting. By knowing what you can claim, keeping meticulous records, and using the right tools, you can take control of your finances and even save money along the way. Remember, your work is a business, and like any business owner, staying organised and informed is the key to success.

Take Control of your Taxes Today

Taxes don’t have to be a solo mission. If you feel overwhelmed or just want to make sure you’re getting it right, we’re here to help. Our expert, judgment-free advice is tailored to the adult industry, ensuring you maximise your deductions and keep HMRC happy.

Ready to simplify your taxes for adult industry workers and focus on what you do best? Book a call with us today, and let’s get started on making your financial life as smooth as silk.