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State and Local Sales Tax Turned Upside Down

The U.S. Supreme Court has issued its highly anticipated decision in South Dakota v. Wayfair, overruling Quill’s physical presence sales tax nexus standard. This decision will have significant implications for almost all industries, but especially consumer products (retailers) and industrial products.

With a new sales tax nexus standard established, more states will require all businesses that sell within their borders to collect that state’s sales tax. About a dozen states have already addressed this issue.

However, Wayfair has created many more questions than answers. Adapting your business to the new sales and use tax landscape will take time, even though you may need to react quickly.

Gilmore Jasion Mahler is here to help you sort through the changes and impact on your business. We encourage you to reach out to any of our tax partners to discuss how you’re impacted.

A member firm of the RSM US Alliance, we would also like to share with you an RSM alert U.S. Supreme Court kills Quill physical presence on the ruling that we hope you find helpful.

Established in 1996, Gilmore Jasion Mahler, LTD (GJM) is the largest public accounting firm in Northwest Ohio, with offices in Maumee and Findlay. Locally owned, GJM offers cloud-based accounting services and provides comprehensive services including assurance, business advisory, tax, risk advisory and healthcare management. The Firm's professionals specialize in industries including construction & real estate, healthcare, manufacturing & distribution and utilities

Jennifer Henning Joins GJM Healthcare Team

Jennifer Henning Gilmore Jasion MahlerWe’re pleased to welcome a new member of the GJM Healthcare Specialist Group. CPA Jennifer Henning has joined the team as a Healthcare Manager. Here’s a chance to get to know her. Welcome, Jennifer!

Describe your role at GJM: I join the Healthcare Team with several years of experience in healthcare finance via hospitals and one of the largest for-profit healthcare systems in the U.S. I look forward to adding value to the already robust and established Healthcare Team. I enjoy working on regulatory reporting and keeping up to speed on the ever-changing healthcare legislation in the U.S. and State of Ohio. I hope to assist with all areas of healthcare, from Medicare and Medicaid Cost Reporting to financial analysis and accounting solutions. I’m so excited to join the team!

When did you start working at GJM? June 11, 2018

Why did you choose the accounting industry? I took an Accounting 101 course and fell in love with the objectivity of accounting. I continued pursuing it in my studies and realized it was much more complex than just “math.” I loved the fact that accounting exists in all industries; it really felt as if the sky was the limit once I had my CPA license. I eventually transitioned to Healthcare Finance and Administration, which was a logical career path having come from a family of nurses. I saw how rewarding caring for patients was for my mother and sister. I, too, wanted to feel I was doing something for the greater good of my community. I’ve loved every minute in the healthcare industry. It’s challenging, and there is always something to learn.

What do you like best about accounting? I’ve always loved the continued learning that comes with accounting, always a new FASB or GASB pronouncement to get up to speed on. And double bonus, being in healthcare I also get to learn about Medicare, Medicaid, and the constant updates to regulations that occur each year, there will never be a dull moment in healthcare! I hope that I can support GJM’s healthcare clients in a way that allows me to still feel I’m doing something for the greater good of my community.Jennifer Henning Gilmore Jasion Mahler

Are you from the Toledo area originally? If not, where are you from? I’m originally from Oregon, OH. I’m a graduate of Clay High School. Go Eagles! (Fun fact, I used to coach cheerleading for Clay, so I’m known to cheer especially loud at a Friday night game.)

What do you like about living in Northwest Ohio? I love, love, love Lake Erie!!! We live on the lake in Oregon in the Bayshore area, right across from Eagles Landing Golf Course. I can see the lake from most rooms in our condo. Having lived elsewhere that was land locked, I can truly say Lake Erie was a huge part of why I looked forward to moving home. Now all we need is a boat!

Where did you go to college? I completed my Associates in Accounting at Owens here in Toledo, finished my Bachelor’s Degree at Case Western Reserve University in Cleveland, then wrapped up my MBA at The University of Toledo.

Anything you’d like to share about your past professional experience? I started off in public accounting as an auditor, and still often feel like an auditor at heart. I ask a lot of questions and enjoy digging into new things. Jennifer Henning Family Gilmore Jasion Mahler

Do you have any pets, hobbies, family? No pets right now, too much going on with our active 1 year old daughter. I’m married to my childhood crush, Bradley. Together we have our daughter Charlotte Anne, we call her Charlie. I also have a 21 year old son, Jonathan, and a 4 year old stepson, Zachary, who lives in the Boston area. We travel there regularly to see him and enjoy venturing along the east coast to new places when we do.

How do you like to spend your free time? We love being outside in the summer, you’ll find us at the pool if it’s sunny and above 70 degrees. We love sporting events, attending Mud Hens and Walleye games are so much fun! I think our favorite is college football though– everyone in my family is an Ohio State fan. We go to at least one game a year. I also love watching a good snow storm from inside our condo with a fire going. The seasons are very beautiful here. Another reason I love NW Ohio.

Are you involved in any community organizations, do any volunteer work? I am on the Board of Directors and the Treasurer for Mom’s House of Toledo. If you don’t know much about Mom’s House, it's their mision to break the cycle of poverty by guiding at-risk single parents through the process of achieving educational goals. As a teen mother myself, I know how hard it can be to raise your child all while trying to grow up yourself. I have a special place in my heart for the moms at Mom’s House and love being able to give back to see them meet their goals.

What is something people may be surprised to find out about you? Probably the fact that I have a 21 year old and a 1 year old – quite the age gap! I wouldn’t change a thing though. Seeing my son melt at the site of my daughter is priceless. She has him wrapped around her finger already.

Anything else you’d like to add? Very excited to be here!

A Summary of New ICF Reimbursement Standards

Beginning in July of 2018, the government will modify the reimbursement rules it’s used since 1993 for intermediate care facilities (ICF) through a reimbursement redesign. Organized by level of care and bed size, ICFs receive reimbursement according to their group. Anytime there is a change in standards, it is important to know their timeframe and overall impact. Fortunately, the recent changes made to the reimbursement standards are meant to help ICFs.

The New Standard’s Effect on Rates

The overall effect and purpose of the reimbursement redesign is to generate higher rates for ICFs. Each ICF will have ample time to figure out exactly how the changes will affect their facility. This reimbursement redesign will help cover more costs and create specific rate increase amounts.

In terms of direct care, the rate will remain largely similar. The rates will continue to be based off costs and case mix, which measures acuity. There will be new requirements such as Developmental Disabilities Profile (DDP) assessments and a different way of scoring individual acuity. There will also be direct care ceilings that will hinge on the percentage above the median cost.

For indirect care, rates will also be quite similar to the previous system. Personal care should still be available as well as health services for disabled clients. The setup of higher ceilings is the most noticeable change to the formula for indirect care.

When it comes to capital, the fair rental value (FRV) will determine the market rent depending on location, size, and age from original construction. There will be new caps and a new incentive for renovation, as well as FRV rate add-ons.

Approximate Timeline of the New System

The Direct Support Personnel Payment (DSPP) add-on will continue for two years and then be replaced. The phasing out of the DSPP will take place in state fiscal year (SFY) 2021 and the quality incentive payment system will take its place.

It will take three full fiscal years before the system transitions and the ICF reimbursements completely adhere to the new regulations and parameters. Full implementation of the new model begins in SFY 2022. During this transition period, the Ohio Department of Developmental Disabilities (DODD) will examine how ICF rates compare to the new system and the old system and the DODD will pay the higher rate. All ICFs will be subject to the new system in SFY 2022 regardless of their rates before and after the change.

There are estimates for rates, but the exact rates beginning in July of 2018 are not yet known. The transition is meant to be an improvement to the current system in place. These changes are not going to be a radical departure from the previous system. They are meant to improve the reimbursement system for all ICFs.

Jamie Dixon contributed this blog. Jamie is a member of the Gilmore Jasion Mahler Healthcare Specialist Team, with an expertise in long-term care, home healthcare and hospice.  

If you’d like to receive additional informative and helpful blogs, you can sign up for Gilmore Jasion Mahler’s free quarterly newsletter Practice Management Advisor. It offers articles on issues impacting physician practices as well as other healthcare entities. You may also want to sign up for our free tax newsletter Focus.

Established in 1996, Gilmore Jasion Mahler, LTD (GJM) is the largest public accounting firm in Northwest Ohio, with offices in Maumee and Findlay. Locally owned, GJM offers cloud-based accounting services and provides comprehensive services including assurance, business advisory, tax, risk advisory and healthcare management. The Firm’s professionals specialize in industries including construction & real estate, healthcare, manufacturing & distribution and utilities.

How Will the New Tax Law Impact Mergers & Acquisitions?

The Tax Cuts and Jobs Act is already impacting the business sector, changing not only tax strategy for businesses, but their day to day operations. GJM Audit Partner Greg Taylor says this is also a time for some important conversations when it comes to growth.

If you're interested in receiving more informational articles and tax strategy ideas direct to your inbox, be sure to sign up for our free GJM tax newsletter Focus. You may also want to consider signing up for some of our free quarterly industry newsletters, including The Manufacturer (for those in manufacturing & distribution), On-Site (construction & real estate industry), Practice Management Advisor (physician practices and other healthcare practices) and The Expert (with a focus on business valuation and litigation support). Sign up here for any of GJM's free newsletters.

Established in 1996, Gilmore Jasion Mahler, LTD (GJM) is the largest public accounting firm in Northwest Ohio, with offices in Maumee and Findlay. Locally owned, GJM offers cloud-based accounting services and provides comprehensive services including assurance, business advisory, tax, risk advisory and healthcare management. The Firm's professionals specialize in industries including construction & real estate, healthcare, manufacturing & distribution and utilities

Meet Our New Tax Associate Jess Knepper

Jessica Knepper Gilmore Jasion MahlerWe’re happy to announce that the Gilmore Jasion Mahler tax team is one stronger today. Jessica Knepper is now on board as a Tax Associate. Here’s a Q&A so you can get to know better. Welcome to GJM, Jess!

Describe your role at GJM. As a tax associate, I prepare tax returns for various entities and individuals. I work with senior associates, managers, and partners to complete these returns.

When did you start working at GJM? My first day as a full time associate was June 4th, 2018; however, I have completed two tax internships with the firm as well.

Why did you choose the accounting industry? I chose the accounting industry because of the job satisfaction it provides. I love the feeling of working hard on a return/project and seeing the finished product.  It is rewarding to help our clients solve their financial questions and needs.

What do you like best about accounting? I love that accounting provides numerous opportunities for career development. GJM offers several career paths that specialize in different areas (manufacturing, healthcare, not-for-profit, etc.). I appreciate that I can go into basically any industry in the business world while working at GJM.

Are you from the Toledo area originally? If not, where are you from? Yes, I was raised in Toledo and graduated from Sylvania Southview High School. Jessica Knepper Pistol League

What do you like about living in Northwest Ohio? I like living in Northwest Ohio because there is so much to do. One of my favorite things about living in this area is all of the different metro parks. Going to Mud Hens and Walleye games downtown is really cool too. Northwest Ohio is close to major cities so catching a Tiger’s game, going shopping in Columbus, or taking a weekend trip to Chicago is attainable.

Where did you go to college? My freshman year I played Division II softball at Hillsdale College. After my freshman year, I transferred to the University of Toledo were I received my bachelor’s degree. I just completed my MSA from UT as well.

Do you have any pets, hobbies, family? One of my favorite things to do in the warmer months is rollerblading. My preferred place to blade is the University Trail. On a good day I can blade over 12 miles. In the winter months I like to shoot on the GJM pistol league team. This past winter, I got third place in the tournament. My parents have an Airedale terrier named Kenzie. She is five years old and definitely the favorite child. I have a sister who lives in the area and a brother who lives in California.

How do you like to spend your free time? Right now, I am studying for my CPA so most of my free time goes towards passing that. When I am not studying I like to be outside. Every week I play on a church league softball team, GJM’s kickball team, and GJM’s beach volleyball team. My boyfriend also coaches JV baseball at St. Francis and I try to catch as many of those games as I can during their season. His sister plays soccer so I like going to watch her play. Basically, most of my free time goes towards playing or watching sports. I do indulge in watching the Bachelor and Bachelorette on ABC as well.Jessica Knepper baseball

Are you involved in any community organizations, do any volunteer work? In the past, I volunteered at the Toledo Area Humane Society. Currently, I am not involved in any volunteer organizations but would love to join something through GJM. I know that Flag City Honor Flight, Hannah’s Socks, and Big Brothers Big Sisters of Northwest Ohio are some of the amazing organizations that GJM serves each year.

What is something people may be surprised to find out about you? I was recently awarded the 2nd place Graduate Student Manuscript Competition from the Ohio Region’s American Accounting Association for my research paper on Six Sigma.   

Anything else you’d like to add? I also enjoy traveling. Last summer I was able to go to Las Vegas, Charleston, and New York City. During spring break this year I traveled to Phoenix. My favorite thing about my trip to Phoenix was going to a spring training game and catching a ball in the stands. At the end of this month, I am going to Hilton Head. I always like to go somewhere that I have never been before. Something that is on my bucket list is to watch a baseball game at every stadium in America, which combines my love of baseball with my love of traveling.

I am excited to start my career at GJM!