David Beider, California Licensed CPA, has 34 years of experience in accounting, including small business (corporations, LLC’s, partnerships, sole proprietorships) and individual taxes, bookkeeping, IRS audit representation, accounting and entity formations. David has operated an adult entertainment industry specific tax firm, www.xxxtaxprep.com, for 20 years. He has an in-depth understanding of the nuances of earning income and paying expenses pertaining to the adult entertainment industry.
Veruca and David began the presentation with a skit about the types of income an adult performer might earn and which forms of income would be considered taxable. The demonstration provided an example of what a typical first meeting might go like between a performer and their accountant. Topics included what to do when you don’t receive all of your 1099s, differences between 1099s and W-2s, cash deposits, and ways to track your income for tax purposes. Veruca provided an excel spreadsheet template that she has found helpful in tracking income and scenes.