I wish I had written these words of wisdom...I'm sorry to say I did not. Thanks Steffie!
It has both TAX info (April 15th is fast approaching), Legal Issues of getting arrested and Website/Business Info for Providers. GREAT POST! I thought we could use a reminder.
Original Post Below
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I received a very informative email recently from a webmistress of an escort directory. I thought I would share it with you.
1, Soon there is tax time!. Please do you taxes, I know we all have a cash business and if you have a checking account, take the time add everything up you deposited this year, this is the amount you should disclose on your taxes. If you ever get audited, that is exactly what the IRS will do. They will cross check your bank statement deposits with you Tax Return
2, Schedule C – If you are an Independent Escort/Entertainer you need to fill out a Schedule C (better yet, get an accountant). You can deduct everything from your Website hosting fees (advertising) to Incall (Studio for Entertainment) to clothing you wear when you go on a call to the furniture you keep at Incall, I know you all kept receipts RIGHT??. If you accept payments with Paypal by now you should have a business Paypal account. Like Susi’s Entertainers!! Use this name for your company name on the Schedule C. Also in schedule C add that you are an Entertainer (that fits all categories from Model, Clown to Escorts)
3, 1099 – If you are working for an Escort Service and they pay you in checks you will receive a 1099 at the end of year. You are basically like a sub contractor. No taxes have been taken out and you better do your taxes, because the IRS always looks closely to us Escort Services. The owners of the service you worked for fill out a Schedule C and put your information down as Independant Contractor, it’s a deduction to them, and trust me they do it.
4, LLC to be or not to be! – Did you know that as an Entertainer you can go LLC. Limited Liability Company with yourself? Do it! Its worth the 300 bucks you are spending on a lawyer. I tell you why in short. If for any reason you should have a problem with the LP in your City or State, they are able to freeze all your assets, take your home, computers, files, everything. If you are a LLC, they can only take what they find appropriate for ill-gotten gains. Basically your “Susi’s Entertainment LLC” and nothing else. They will try, but can’t.
Titbits!!! – To work or not to work for an Escort Service!
My personal opinion by now everybody knows, so I won’t bore you with repeating myself, since I had my huge share of run-ins with our lovely LE, but let see what the law says!
If you are working for an Escort Service and it goes belly up and lets say you were unfortunately caught with the hand in the cookie jar, you will be charged with a misdemeanor (solicitation), the owner will be charged with pandering.
If you are an independent and you get with the wrong person (LE) you are being charged with a felony (pandering), if you kept an Incall you get another charge (assignation), depending in what state you live in they might even try to charge you with sodomy and carnal knowledge (Virginia and MD are really bad about that) and to top it all off should you have minor children they can hang you for everything from Child neglect to Child abuse (Texas loves to do that).
Your Website! I noticed a lot of you gals and GUYS still use the word fullservice on your sites. You should really replace this. In the year 2001 the LE made it official to associate this word with Sex. So I would strongly suggest you change it to GFE (Girl Friend Experience)
Incall or Outcall? – After my run-in in 1999 I asked the LE which is harder to control, they told me incall. An average Entertainer who entertains in the privacy of their own surrounding the chances are only 15% while Outcall are 85% chance for you to have a run-in with the wrong person.
The holy Grail of the Internet – Yup it can make you a ton of money, but beware. There are lots of weirdos out there. Message Boards will make or break some girls, slander and idiot clients love to boost their ego by spilling their guts to look good to their fellow “hobbyists” I personally can’t stand those boards and believe me I have been around them since 1996 when Decadent City was the shit on the Internet. Our Income tripled but so did my gray hair, since I never knew what they are going to write about my girls.
To keep or not to keep! – The names of your clients. I did and it saved me about 5 years of my life. But hey its your life were talking about. Most rapes and killings are done by regulars! Not new clients!! If you don’t want to keep a “Black Book” at least leave some sort of description of the guy! John 4 pm has big grey BMW works at IBM and has a tattoo of a monkey on his ass. So if you end up dead at least your relatives or the police (ha ha) can find him. This is only for Independents I don’t know of any Escort Services who don’t have some sort of Client list.
You all be careful out there, there is a reason they call us!!
Steffie