Like any other legal self-employed professional, as a sex worker in the UK, you are required to pay your taxes.
However, managing your finances can be complicated which is why you may need an accountant to help you out.
Unfortunately because of stigmas surrounding the profession, finding a reputable service to help you manage your taxes can also be a challenge.
Finding an accountant service that will take on your finances without judgement isn’t always an easy task.
We understand the difficulties that sex workers can face, which is why this article will go through the best accounting agencies that specifically provide services for professionals working in the adult industry.
Each company offers a discreet and confidential service that will help you to manage and make more money in a way that is both legal and efficient.
The best accounting services for sex workers
If you’re a sex worker, or work in the adult industry in any way, managing your finances can be a daunting task. Between social media accounts, website hosting, and other business expenses, it can be hard to keep track of it all.
That’s where accountant services for sex workers come in. Here’s a list of the best.
Mirandus Accountants – London
At Mirandus Accountants, they understand that as an escort or adult worker, you may have unique financial needs and requirements. They offer a range of services specifically tailored to meet the needs of those working in the sex industry, including:
- Self-assessment tax returns
- Advice on optimising your business
- VAT registration and returns
- Record keeping and accounts preparation
What we like the most about Mirandus is that they are experienced accountants that not only offer excellent advice but also focus on empathy, which is vital in the adult industry.
Harrisons Accountancy Ltd. – Biggleswade
Harrisons Accountancy is a well-established and respected firm of accountants with many years of experience helping businesses and individuals in the adult industry. They offer a wide range of services, ranging from bookkeeping and taxation to audit and financial advice.
They have a team of experienced professionals who are knowledgeable about the specific needs of sex workers and offer tailored advice and support.
Last but not least, Harrisons Accountancy firm won the Bark Certificate of Excellence in 2019 and we’re confident they’ll offer outstanding service, no matter the industry.
Dead Simple Accounting – Reading
For those working in the sex industry, Dead Simple firm is one of the most efficient and suitable accounting agencies. Other than being experts in helping sex workers manage their finances, they’ll make sure that your records are kept confidential at all times.
They also specialise in adult entertainment such as websites like Only Fans, which is great for escorts working both offline and online.
To sum up, they offer a hassle-free, affordable service that will take the stress out of managing your finances so you can concentrate on what’s really important.
MGR Chartered Accountants – London
One of the UK’s most well-known accounting firms, MGR Chartered Accountants, provides support to sex workers to manage their finances and keep all paperwork in order.
Their team is made up of highly skilled professionals who are dedicated to their clients’ success. You can trust them to handle all your financial affairs with expertise and discretion, which is critical in the adult industry.
In addition, they provide all the services you could need from tax and VAT to business and budgeting support to audits and more.
Not Just Bookkeeping – London
For a discreet and personalised accounting service for sex workers, Not Just Bookkeeping is one of the best options in terms of flexibility and price.
For only £70 a month + VAT, they provide a complete package with management services, invoice management, credit control, consulting and planning, and more.
The strongest point of Not Just Bookkeeping is its ability to create tailored packages, including only the services you need, which is great for sex workers.
Moreover, they have worked with popular brands such as Revolut Business, Xolo, and Starling Bank, among many others, which reflects their expertise in accounting. Lastly, Not Just Bookkeeping was also awarded the ACQ5 Accounting Services Annual Award Programs in 2020. This is a guarantee that they’ll treat you fairly and provide outstanding support.
Oasis Accountant – London
With 50 members of staff and 1200 current customers, Oasis Accountant is another professional and experienced accounting firm to check out for sex workers.
Among their services, the most helpful are VAT returns, accounts preparations, and personal tax planning and investigation.
Whether you’re just starting out in the adult industry or have been working as an escort for a while, they provide the support you need to manage your finances effectively.
Abbingdon Knight is a firm of chartered accountants based in London who offer a range of services, all tailored to the adult industry. In fact, they specialise in providing accounting and tax services to the adult entertainment industry, including escorts and webcam performers on social media.
Their services include bookkeeping, self-assessment tax returns, VAT returns and payroll. They can also help with setting up limited companies and advise on the most tax-efficient way to structure your business.
If you’re self-employed as an escort or other sex worker, Abbingdon Knight can help you with your bookkeeping and tax affairs.
Why having an accountant for money management is a must
An accountant can help you organise your finances and make sure you are managing them in the best possible way. They can also help you plan for taxes and advise you on financial decisions, especially when managing other activities other than escorting, such as erotic photoshoots.
There are a few very important reasons why sex workers should have an accountant for money management.
- Help you be organised: First and foremost, an accountant can help sex workers stay organised and on top of their finances. They can help track income and expenses, file taxes, and more.
- Avoid legal issues: Secondly, having an accountant can help make a budget and avoid potential legal problems, which could easily happen given the nature of the job.
All in all, having an accountant on your side can make a world of difference when it comes to managing your money as a sex worker.
Services an accounting agency should offer
It is essential for any accounting agency to offer a comprehensive suite of services that can meet all your needs.
Some of the most common services that an accounting agency should offer include bookkeeping, auditing, tax preparation, and financial planning.
Let’s elaborate on each, for you to make an informed decision.
Bookkeeping is one of the most important services that an accounting agency can offer. It ensures that all of your financial records are accurately kept. This includes keeping track of your income and expenses, as well as preparing financial statements. Without accurate bookkeeping, it would be difficult for you to make sound financial decisions.
Audit accounting is an important service that most if not all, accounting firms offer. This process involves reviewing your financial records to ensure that they are accurate. Audits can be conducted on an annual basis, or more frequently if a business is experiencing financial difficulties.
Tax preparation is another service that an accounting agency should provide. Tax preparation calls for ensuring that an individual or business pays the correct amount of taxes. It can be a complex process, and it is important to have someone who is experienced in tax preparation to handle this for you.
Lastly, consulting services are an essential part of accounting firms that include financial analysis, tax planning, business advisory services, and more. The scope of consulting services will vary from firm to firm, but all agencies will have experienced consultants who can provide expert advice.
The accounting firms we have selected in this guide provide all the services above and more, allowing you to manage your adult business the right way.
You’re now ready to tackle your taxes
While professional accounting services can be helpful in managing your finances, it is important to find the right one for you, and we’re confident you’ll be satisfied with these firms.
We hope that our list of the best escort/adult accounts services has helped you in making this decision.
Have you used any of these services before?
What was your experience like? Let us know in the comments below.