Lauren, Any expense directly related to operating a business is tax deductible as a business expense. That would include membership fees, "day passes", meeting room rentals or any other expense incurred for the business. Those that work from home can also claim a deduction for a home office, but conventional wisdom says that deduction is one of the flags for an audit. So, the advantage of claiming monies paid to a coworking space / community is really more that it is a cleaner way of claiming "office" expenses. The statements, receipts or invoices from the coworking space / community provide a clear record of the expense and, because it is separate from any use of a space for personal reasons (like a room at home might be) there's a clean delineation of the business expense.
Hope that helps. Julia On Friday, January 27, 2017 at 3:43:51 PM UTC-5, Lauren McDaniel wrote: > > Hi everyone, > > Do any of you have some sample text you use with members of your space to > promote (and make them aware) of the tax advantages of working in a > coworking space? > > I want to alert our members that their membership (and punchcards) can be > tax deductible if it's a business expense for them -- I believe this > applies to those who freelance, run their own company or even use the space > as their office when they're working remotely for another company. Is this > all indeed correct? I checked with a local accountant and he seemed to > think this was all legitimate. > > We just opened last summer, so I'm looking for any recommendations -- as > tax season will be upon us shortly! > > Thanks in advance. > > Lauren McDaniel > -- Visit this forum on the web at http://discuss.coworking.com --- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
