Quarterly Taxes: Guide for Camgirls

CamgirlMFC 1 Comment

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The advice below is provided by Jeff Lang, CPA of camgirlcpa.com. Check him out for any and all tax help!

Quarterly Estimated Payments

Everyone has to pay taxes on the income they earn throughout the year, and the IRS expects these payments to be made as you earn the income, which they refer to as “pay as you go.”  For people with “regular” jobs where they receive a W-2 at the end of the year, their employer usually withholds a chunk of money from each check and remits it to the IRS to cover these payments.  As cam models, you are considered independent contractors, not employees, so you receive a 1099 at the end of the year from any source where you made over $600.  As an independent contractor, the cam and video sale sites don’t withhold any money to cover your taxes so you’re responsible for making those payments in the form of estimated tax.

Estimated Tax

Estimated tax is the method of paying tax on income that is not subject to withholding, such as interest, rent, dividends, or self-employment (1099 income).  The IRS requires estimated tax be paid quarterly (see schedule listed below), usually in equal amounts.  The payment amount is usually based on your income from the previous year, adjusted based on any changes to your earnings in the current year.  Your tax professional can help you make these calculations and determine your estimated tax payments.  One incentive for making these payments is that any time your tax due at the end of the year is greater than $1,000, the IRS imposes a penalty for not making appropriate tax payments during the year.   You can avoid this penalty with effective quarterly estimates.

Payment Schedule

Your quarterly estimated tax payments are due based on the following schedule:

Income earned January 1-March 31: Estimated payment due April 15 (or whenever individual tax returns are due; April 18 in 2017).

Income earned April 1-May 31: Estimated payment due June 15.

Income earned June 1-August31: Estimated payment due September 15.

Income earned September 1-December 31: Estimated payment due January 15 (of the following year).

It’s important to make your estimated payments by the deadline, but if you can’t make the full payment a partial payment is better than nothing and shows the IRS your willingness to pay what you owe.  If possible, make up the missed amount during the next quarterly payment.

Keep track of how much you pay each quarter.  Your tax preparer will need this information when preparing your return to make sure you get credit for the payments.

How to Pay

The IRS offers several different options for making estimated payments:  

  1. Check by mail: Your tax professional can help you prepare 1040-ES, which is the Estimated Tax for Individuals form.  You will write a personal check or get a money order/cashier’s check for the amount of your payment and send it to the address on the form, along with the voucher at the bottom of the form.  Be sure the envelope is postmarked by the payment due date.
  2. Online via bank account: You can also make your estimated payments online using your bank account, at https://www.irs.gov/payments/direct-pay.  Make sure to select “Estimated Tax” for your payment type.  Using this option does not incur any additional fees.  Payments are due on the due date.
  3. Online via credit or debit card: This option may be the most convenient for some people, but the payment processors charge a convenience fee, so we suggest avoiding this option unless it is your only method of payment.  Payments can be made by choosing a processor on this website, https://www.irs.gov/uac/pay-taxes-by-credit-or-debit-card, and ensuring you select Estimated Tax when making the payment.  Payments are due on the due date.

Summary

First time cam models are often shocked by how much they owe the IRS when they file their tax return at the end of the year.  Much of this shock, and an IRS penalty, can be avoided by making quarterly estimates to spread your tax burden throughout the year.  Contact your tax professional for assistance in calculating your estimates today to avoid a large tax bill next year! 

If you would like Jeff to help with your taxes, contact him at www.camgirlcpa.com/contact/. Mention promo code “CAMTAX10” for $10 off your tax preparation fee!

Camgirl Blogs: How to Make One and Are They Worth It?

CamgirlMFC 2 Comments

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Camgirls and Blogging: A Match Made in Heaven?

Blogs are not only a great way to express your innermost thoughts, but for a cam girl they can be yet another way to earn income and create stronger, longer-lasting  relationships with members.

The question you need to ask yourself is: Is it worth it? Is making more money through increased interest, popularity and camroom traffic worth the time spent on a blog? It can be, if you love writing and sharing your thoughts on paper. Blogs can be very low-key and non-committal (unlike maintaining a paid membership site – You can read about them here), and if you like being creative and want an outlet for your thoughts, making a blog might just be right for you! It’s an underrated way for camgirls to foster better relationships wither her regulars while also making money semi-passively. A good example of a camgirl blog is Kickaz’s wordpress blog where members can get a more intimate look into her life and she can write about things she can’t fully express when she’s online.

I’m Interested! How do I Begin?

It’s really easy to get started with blogging, and you don’t need any specific skills and coding knowledge to get your blog up within literally minutes. Here is what you need to consider:

  1. Decide whether your blog will have PG content or if you’ll be posting NSFW pictures and videos of yourself. This will determine hosting provider you go with, as many don’t allow adult content to be posted.
  2. Decide whether you want to go with a free blog platform like WordPress (no ability to have ads, less customizability, “.wordpress.com” extension, no adult content) or Wix OR whether you want to have a self-hosted blog where you can choose your hosting company, have ads that earn you money, much more customization, and the ability to post adult content.

So, if you want to go with totally free blogging platform (remember, no adult content!), try out WordPress, Blogger, or Wix that has some really cool themes and is very easy to set up on.

However, my recommendation is to always go with a self-hosted blog, as it allows you complete control over your content and that is in addition to you having your own custom domain name (i.e. www.sexylexy.com NOT www.sexylexy.wordpress.com).

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Which Hosting Company Should I Choose?

There are a number of hosting companies to pick from, and any of the ones listed below are a great choice. So, pick out your hosting provider, which will then take you through the install and integration with WordPress – a really easy process.

Allow Adult Content: HostGator, Dreamhost, GoDaddy

Allow Non-Adult Content: Bluehost. Great option if you want to keep your naked stuff on camsite only!

These hosting providers come with options like WHOIS protection, domain registration, storage, backups, anti-spam security.

Click on the banners below to check them out!


Ok, So How Do I Make Money?

Aside from just posting blog-style content and interacting with your members in comments, how can you earn money from blogs?

  • Sell videos with links to either your Manyvids account or post preview pics and include your offline tip button. 
  • Sell panties, various items (baked goods, crafts, art!), Skype dates, whatever you can think of! Always clearly display your tip link.
  • Generate interest for you OnlyFans account!
  • Have all of your social media links,  your cam profile, and your Amazon wishlist in one place, so that members can easily reach you and tip you.
  • Have banner ads that will passively earn you money from clicks.

Let me know if you have any questions. Good luck!

Best Interactive VR Sex Toys for Men

CamgirlMFC 1 Comment

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These days, sex toy manufacturers are creating VR-compatible toys (male and female versions) to get you totally immersed into the action, be it on a camming site, like CamSoda, or adult site like VirtualRealPorn (See my full list of virtual reality adult sites here). It’s particularly relevant in the time of coronavirus pandemic when the majority of people are self-isolating and unable to leave home due to quarantine. There’s no better time to try out one of these Male Masturbators of the Future than NOW! 😉 The two companies at the forefront of the VR sex toy movement are Lovense and KIIROO.

So, what ARE the BEST interactive masturbators that work with adult sites?

LOVENSE MAX – Buy Here

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Features of LOVENSE MAX:

  • Contractions sync with the actresses’ speed.
  • Vibrations sync with body-to-body contact.

Easy Integration: No additional software needed! Virtual Real Player automatically finds and connects with your toy.

Wireless Syncing: Free Bluetooth Dongle Included with purchase.

Minimal Latency: Haptic feedback in nearly real time making it feel like your favorite porn stars are actually touching you!

Supported Headsets: Oculus Quest, Oculus Go, HTC Vive, and others.

Recommended to Use On: VirtualRealPorn – The biggest and fastest-expanding VR site out there right now.

When it comes to VR sex toys, KIIROO is the key player in the market with THREE GREAT OPTIONS:

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KIIROO Onyx+ Interactive Male Masturbator – Buy Here

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Onyx+ is a light-weight male masturbator that is quiet, discreet, and perfect to travel with.

Features of KIIROO ONYX+

  • Soft-touch coating for an extremely tight and comfortable grip.
  • Touch-sensitive trackpad used to control the speed of the stroke and partner devices.
  • Real-Feel Sleeve for maximum comfort. Reusable and replaceable.
  • 10 contracting rings that move in an up-down motion simulating intercourse.

Can be connected with any KIIROO device. KIIROO Pearl, KIIROO Onyx (1, 2 or +), OhMiBod Fuse, OhMiBod Esca (1 or 2), Fleshlight Launch or any FeelTechnology-enabled compatible device. You can truly feel your partner’s touch, in real-time, from anywhere in the world.

If you prefer solo sessions, KIIROO Onyx+ can be paired to your favorite interactive content; erotic video, Virtual Reality, 3D Gaming and webcam partner sites.

Supported Headsets: Oculus Quest, Oculus Go, HTC Vive, and others.

Recommended to Use On: VirtualRealPorn – The biggest and fastest-expanding VR site out there right now.

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Features of FLESHLIGHT LAUNCH:

The Launch is an interactive male masturbator that you can mount your Fleshlight into. Shop for Fleshlights here.

The Launch has 2 modes: Manual and Interactive mode: In Manual mode, the Launch strokes up to 180 times per minute. Choose the speed and stroke length yourself. In Interactive mode, you can immerse yourself in VR content. Enjoy the sensation of penetration online.

Whether you choose to use The Launch solo and manually, with someone else virtually, or as a way to immerse yourself in an X-rated content experience, this is sure to fulfill your desires and fantasies.

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Compatible with KIIROO products: Pearl2, Esca, Onyx2 and Fuse and select non-KIIROO devices.

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Supported Headsets: Oculus Quest, Oculus Go, HTC Vive, and others.

Recommended to Use On: VirtualRealPorn – The biggest and fastest-expanding VR site out there right now.

TITAN by KIIROO Interactive Vibrating Masturbator – Buy Here

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Features of KIIROO TITAN:

Stroke at your desired speed, and control the vibration intensity with the touch-sensitive pads. The 9-vibrating bullets and real-feel sleeve together are mind-blowing.

There are so many ways to play with TITAN. Go solo and ramp up those vibrations. Connect with your lover from anywhere in the world. Or, go interactive with over 4,000 compatible X-rated movies. Sit back and enjoy.

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Supported Headsets: Oculus Quest, Oculus Go, HTC Vive, and others.

Recommended to Use On: VirtualRealPorn – The biggest and fastest-expanding VR site out there right now.

Any of your favorite toys missing from this list? Comment below!

CamSoda Review: What You Need to Know

CamgirlMFC 1 Comment

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CamSoda is an up-and-coming cam site that is getting a lot of attention online. Not only because one of the most popular pornstars, Dani Daniels, is camming on it, but also because CamSoda is one of the first cam sites to have VR capabilities.

Some Details: 

CamSoda accepts female, male, couples, and trans performers, but female cam models are in the majority.

CamSoda Payout: What’s really great is that the payout is weekly, so you can sign up and have your first paycheck in your hands a few weeks later! The payout percentage is 55%+ of all money spent by members.

Payouts are done every Thursday (you are paid for the previous Monday-Sunday) and can be done by Check or Paxum.
 
Here are Some More Perks of Being a Camgirl on CamSoda and What CamSoda Says about their Site:
 

  • Highest payouts in the industry. You will make more per hour than any other site.
  • Eligible for health insurance bonus: CamSoda will provide a bonus to full-time models who have health insurance**
  • Weekly payouts: Don’t wait to get your money like on other sites.
  • Sell your own content, for whatever you want.  You may sell movies, images or recorded shows, unrestricted. You set your price.
  • You can block any state or country for privacy purposes.
  • Your content is DMCA-protected.

**Models are eligible after being with CamSoda for 6 months.

  • Models who gross $3,500-$6,999 on a monthly basis and provide proof of health insurance will receive a $65 monthly bonus.
  • Models who gross over $7,000 on a monthly basis and provide proof of health insurance will receive a $125 monthly bonus.

That’s a pretty great perk, and one that no other cam site is doing. Good job, CamSoda, for thinking outside the box and providing more incentives and support for models. I have a feeling they will be coming out with more great stuff in the future.

Click Here to Sign up with CamSoda and check it out for yourself!

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How Long Can a Camming Career Last?

CamgirlMFC 3 Comments

camming career
 
Every beginner camgirl wants to believe that she will have a long and lucrative career in the webcamming industry, however, there are a few reasons this dream may be not the most realistic one.

How Long Can One’s Camming Career Last on Average?

It’s hard to say, as there’s simply not enough data (and who’s keeping track of this data, anyway?) to know how long models stay in this industry. We know that most camgirls quit within their first 3 months, so, if you’ve made it past that, give yourself a pat on the back, you’re probably doing better than many. Considering that cam sites only started getting popular and becoming a lucrative way to make money online a little over a decade ago, not enough time has passed to make any clear predictions. Based on my personal experience and what I have seen and heard about, a lot of girls who don’t quit during that early phase, do move on after ~3-5 years.

Here Is Why I Think the 3-5 Year Camming Career Window is Most Probable:

Assuming you are a camgirl making average earnings and not the top girl making ranks every months and making 6 figures a year from camming, your first year or so will be filled with learning, trial and error, and hopefully enough motivation via tips and positive member interactions to keep you going. As soon as you master the “art of camming” and start to feel very comfortable online, you will likely see an increase in earnings in the following few years. This is the point where you should try to stay at and “milk” it for as long as you can.

Two problems arise, however: You either become burnt out, which is a very common problem for camgirls who don’t take enough time off and overextend themselves with offline tasks like Skyping, mailing packages, communicating on Snapchat/text. The second problem might be that your cam shows become stagnant and boring, either because you are not being as adventurous and interesting in your shows, or because you start to question your work and the sex industry as a whole, and it’ll show in your less-than-stellar cam performances. To compound these problems, there will also be young camgirls joining the site every day threatening to take away your members. It’s at this decisive moment that girls either step up their game and enjoy a few more years of camming or try to figure out their exit strategy.

Speaking of exit strategies, they are extremely important! You need to look at camming in the larger context of your life and see if you want to make it your “life-long” career goal, as many girls do intend to, or whether you want to move on to something else, be it going back to school, pursuing a new career or maybe even starting your own business.

The camming industry is so volatile and in some years it’s hard not to give up, but as long as you have a plan, you can at least be sure that you have a path to follow.

Check out some of the best camsites to get a great head start in camming. Good luck!