Julia, I appreciate the clarification and advice, it really helps!
Thank you! Lauren On Saturday, January 28, 2017 at 11:38:47 AM UTC-7, Julia Ferguson wrote: > > I forgot to give you the language we use. We simply say that one of the > benefits of coworking is "Tidy Tax Records" and explain that the statements > we provide give a clear record of their monthly expense and avoids the > hassle of figuring out the proper amount (and avoids IRS scrutiny) of a > home office deduction. > > On Saturday, January 28, 2017 at 1:31:39 PM UTC-5, Julia Ferguson wrote: >> >> 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.
