Why Using a Coworking Space at Willoughby Workspaces Is Good for Your Business (and Can Be Tax-Deductible)

Work Smarter in a Space Designed for Success

Running a business requires focus, flexibility, and smart financial decisions. At Willoughby Workspaces, located in the heart of downtown Willoughby inside the historic Charlton Abbott Building, we offer a coworking environment designed to help professionals thrive while making smart financial choices. A coworking space offers all three—providing a professional environment to get work done while potentially offering valuable tax benefits.

1. Increased Productivity & Focus

Coworking spaces like Willoughby Workspaces, located in downtown Willoughby’s iconic Charlton Abbott Building, are intentionally designed for work. With fewer distractions than home and more structure than a coffee shop, members often find they are more productive and motivated. Being surrounded by other professionals also creates a sense of accountability that helps you stay on track.

2. A Professional Image Without a Long-Term Lease

Coworking at Willoughby Workspaces gives you access to a polished, professional setting in the historic Charlton Abbott Building in downtown Willoughby—including meeting rooms, business amenities, and welcoming common areas—without the cost or commitment of a traditional office lease. It’s ideal for small businesses, remote workers, and growing teams.

3. Flexibility to Fit Your Business Needs

Whether you need a day pass, monthly membership, or private office, Willoughby Workspaces in downtown Willoughby allows you to scale as your business evolves—right in the Charlton Abbott Building. You can increase or decrease your space without the stress of long-term contracts.

4. Built-In Community & Networking Opportunities

One of the biggest advantages of coworking at Willoughby Workspaces is community—bringing together local entrepreneurs, remote workers, and small businesses in downtown Willoughby. Working alongside other entrepreneurs and professionals opens the door to collaboration, referrals, and meaningful business connections you simply don’t get working alone.

5. Amenities Included

High-speed internet, utilities, furniture, coffee, printing, and cleaning services are all included with memberships at Willoughby Workspaces—saving time, money, and administrative headaches.

How Coworking Space Memberships Can Be Tax-Deductible

Always consult your tax professional for guidance specific to your business.

A Legitimate Business Expense

For freelancers, self-employed individuals, and business owners, coworking memberships are often considered an ordinary and necessary business expense, making them potentially tax-deductible.

Avoiding the Home Office Deduction Hassle

Unlike the home office deduction, coworking spaces don’t require you to meet strict IRS “exclusive use” rules. Since the space is used solely for business, deductions are often simpler and cleaner.

Meeting Rooms & Event Space Deductions

Fees for conference rooms, workshops, client meetings, and business events hosted in a coworking space may also qualify as deductible expenses.

Additional Deductible Services May Include:

• Business internet access

• Printing and office services

• Mail handling or business address services

• Workshop, seminar, or event hosting fees

  
  

The Bottom Line

A coworking space at Willoughby Workspaces, located in downtown Willoughby’s historic Charlton Abbott Building, isn’t just a place to work—it’s an investment in productivity, professionalism, and community. With the added potential for tax deductions, coworking can be a smart financial decision for your business.