Mathieson, Moyski, Austin & Co., LLP
May 2018
Tax Tips When Moving Your Business

Are you a business owner planning a move for your business? Good news: some of those moving expenses are tax- deductible. Here are some tips for business owners who are packing up for a move. 
When You Move Your Business

If you’re moving your business, you can deduct the cost of moving business equipment, inventory and supplies from one business location to another. Any costs associated with the purchase or renting of a new location are also tax-deductible. As always, keep good records to document those expenses.

When You Move Your Home as Part of Your Business Move

As a self-employed business owner, you may be moving as part of the process of relocating an existing business or starting a new one. If so, you can deduct those personal moving expenses, too—but you must meet IRS guidelines. Some of those include:
  • Being self-employed (not an owner of a corporation, a student or a part-time worker)
  • Your move must be directly related to the business move
  • You must pass the “distance test” and the “time test.” Your new main job location must be at least 50 miles farther from your former home and you must work full-time at least 39 weeks during the first twelve months. “Full-time” may vary based on your business or profession.
Moving boxes and furniture in new home
Mileage can be deducted at the same mileage rate applied to business travel during that calendar year. However, meals are not deductible (with some exceptions) and your personal move expenses cannot be deducted if you don’t move within one year of the date you begin work at your new business location.

For questions on how a business move may affect your tax picture, contact us at 660-653-1616 or email us at info@mmaadvisors.com . We’re here to make sure you get all the value you can from your move, including deductions
Wanted: A Few Good Men and Women

As a professional services firm we run on talent--and we're lucky to have such a stellar team of accounting and financial service professionals to help us meet our clients' needs. We are delighted to report that as we continue to grow we need a few (more) good men and women to add to our team.

Do you know anyone who has skills in accounting and/or bookkeeping who is looking for a great team to join? We welcome your referrals and introductions. Our firm offers career growth and opportunity in a family-friendly work environment. We welcome candidates who share our passion for client service, our commitment to community connections and our appreciation for professional development.

Please let us know if there's someone you know who might be a candidate--contact Brett Mathieson at 630-653-1616 for an introduction and a conversation about how we might work together.
New Sign Welcomes Visitors

If you're visiting our office or just driving by, you may have noticed our new sign on Liberty Street. We're happy to share space on the sign with our colleagues and neighbors from Mulherin, Rehfeldt & Varchetto, P.C., attorneys-at-law.

Special thanks to Leanne Tampier and the folks at The Sign Authority for their handiwork.
Time for the Taste of Wheaton 2018
It's that time of year again--we join the Wheaton Chamber of Commerce and the Wheaton Park District in celebrating the Taste of Wheaton 2018. Our team, some of whom are pictured here at last year's "Taste," will be out in force to volunteer, host as Ambassadors during the ribbon-cutting and welcome families and kids to this annual festival of food, fun, carnival and music. The Taste of Wheaton runs from Thursday, May 31, through Sunday, June 3, in Memorial Park and throughout Wheaton. We hope you'll join us!
Mike Moyski, CPA
Ron Austin, CPA
Brett Mathieson, CPA
John Straus, CPA
Brian Eisenmenger, CPA
Jim Mathieson, CPA, Of Counsel