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Get to Know One of Our Newest Team Members

Jason Shepherd Gilmore Jasion MahlerWe are pleased to welcome a new member to the GJM family. Enjoy this Q&A with our new risk consulting senior associate Jason Shepherd.

  1. Describe your role at GJM – I am joining Matt Hoverman’s GJM team as a senior associate to help grow our risk consulting practice for the firm. I intend on leveraging my perspective from the internal audit experience I possess to build relationships with our current and future clients. Additionally, I will be handling work ranging from SOX/ITGC’s, Data Privacy & Cyber, and other areas the team pursues in the risk consulting practice.
  2. When did you start employment/will you start at GJM? Monday, August 5, 2019.
  3. Why did you choose the accounting industry? Originally took accounting in high school because a favorite teacher of mine was the teaching the class. Ended up really doing well in it and knew I wanted to pursue a business career in college, so I continued the path of accounting at BGSU.
  4. What do you like best about accounting? The wide range of opportunities in different specializations. I originally had no intentions of being in the IT industry of accounting, but the amount of exposure and great working experiences I have been blessed to be apart of in such a short time has really been exciting.
  5. Are you from the Toledo area originally? If not, where are you from? I grew up in Clyde, OH and spent about 5 years or so in the Bowling Green area. Most of my family is from Bowling Green, Monclova, and Maumee.
  6. What do you like about living in Northwest Ohio? Being back near friends and family is the biggest win for me and my wife. I lived the city life being in Cleveland and metro Detroit for the past few years and there is nothing better than being able to take the back roads home and enjoying the openness.
  7. Anything you’d like to share about your past professional experience? I graduated the Master of Accountancy program at BGSU in 2017 and then started my career within the IT Internal Audit department of Sherwin Williams in downtown Cleveland. I was blessed to be exposed to many great opportunities within that network. At the time my girlfriend was with a big four accounting firm in Detroit, with a home we were renovating together, so I worked at finding a new opportunity in Michigan to relocate and propose. In the Spring of 2018, I accepted a similar role as IT Compliance Analyst within Masco Cabinetry in Ann Arbor, MI. I have spent the past year and a half revising their ITGC framework and Key Report testing, among other things. Fast forward to today, my wife and I got married this past May and are currently in the process of selling our home in Michigan and settling down in this area!
  8. Do you have any pets, hobbies, anything to share about family? My wife and I have two dogs and a cat, all of which are rescues. Hobbies include recreational sports, training with friends, binge watching Friends on repeat before they cancel on Netflix, video games, traveling, and just enjoying the married life!
  9. How do you like to spend your free time? I love to spend a lot of time with my dogs, Thor & Loki. When I’m not with them I love to do anything sports/fitness related. Also, I’m a big moviegoer!
  10. Favorite song or music? Anything 90s is a go to.
  11. Favorite book or movie? I’m a huge comic book/superhero geek, so I have to go with Man of Steel as one of my favorites. Another go to in the comedy genre has to be The Big Lebowski.
  12. Are you involved in any community organizations, do any volunteer work? Currently no, due to relocation. However, I intend on getting involved more with Habitat for Humanity and other volunteer work with our church this coming Fall.
  13. What is something people may be surprised to find out about you? Last May I competed in an MMA caged bout here in Maumee to cross it off my bucket list of things to achieve in life.
  14. Anything else you’d like to add? I’m looking forward to beginning my journey with the firm. I have always known GJM to have a great culture and a very team-oriented environment. It’s a very exciting time here with a lot of growth happening. I feel blessed to be part of such a great organization! 

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 and provides comprehensive services including assurance, business advisory, tax, risk advisory, healthcare management and outsourced accounting. The firm's professionals specialize in industries including construction & real estate, healthcare, manufacturing & distribution and utilities.

Business & Succession Planning

You've worked hard to build your business, but there is a critical piece you can't ignore. What happens once you retire? Thinking you have an idea of how it will go isn't the same as coming up with an official strategic plan for the future. Experts say most business owners know how important it is to have a succession plan, but few actually have one in place. Gilmore Jasion Mahler partner Deanna Hall says she is having this important discussion right now with many of her clients.

 

Deanna Hall is a tax partner with Gilmore Jasion Mahler who advises many businesses on tax strategy and other critical business decisions. Her area of specialty is manufacturing & distribution.

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 and provides comprehensive services including assurance, business advisory, tax, risk advisory, healthcare management and outsourced accounting. The Firm's professionals specialize in industries including construction & real estate, healthcare, manufacturing & distribution and utilities.

Tim Schloz Joins GJM Team

Tim Schloz Gilmore Jasion MahlerGilmore Jasion Mahler recently welcomed a new member to the team. Well, he’s not exactly new as you’ll see when you read this Q&A with GJM’s Tim Schloz.

What is your title? Risk Advisory Manager

Describe your role at GJM: My role consists of helping clients in the areas of information technology (IT), enterprise resource planning (ERP) system implementations, business process and IT process designs, and internal controls over financial reporting.

When did you start at GJM? March 25th was my first day back at GJM!

Anything you’d like to share about your past professional experience? I worked nearly four years at a large public accounting firm serving clients in the IT audit and business process control testing space. I spent a lot of my time serving publicly traded companies helping them understand and optimize their IT and business process risk profile through numerous audits, and post and pre-implementation assessments. In college I had three internships with GJM in the tax department.

Why did you choose the accounting industry? Accounting is the language of business. I learned and found it very important early on that in order for a business to be successful, one must understand the ins and outs of accounting. After taking a few classes in high school and college I found accounting to be a great fit along with information systems. The two majors really complemented each other as we are truly experiencing an innovative time in the accounting world! 

Why did you specifically decide that GJM was a good fit for you? After completing my first internship with GJM, I really got a great sense of the culture, fun, and family atmosphere. I knew one way or another I would make my way back to GJM. With a growing risk advisory practice and a great team, I knew GJM was now the perfect fit for me.

Are you from the Toledo area originally? If not, where are you from? Born and raised in the Toledo area.

What do you like about living in Northwest Ohio? Northwest Ohio is really a unique place. Its big enough to suit all your needs and wants, but then small enough to get to know the community. There has been a revitalization in the area the past few years which is really exciting to watch and take part in. I also have several family members in the area and really find the area appealing and a great place to call home.

Where did you go to school? University of Toledo

Would you like to share any info on family, pets, etc.? I have two cats, Behr and Boston! They are brothers and really have two different, unique personalities.

How do you like to spend your free time? I enjoy the outdoors, whether its running, biking, playing golf, basketball, volleyball and occasionally swimming.

Are you involved in any community organizations, do any volunteer work? Is there a particular cause you feel strongly about? If so, why? I have recently been active with the United Way, Salvation Army, and Junior Achievement. I am looking to join a nonprofit board in the near future.

Favorite song or music? I am all over the place with music, but I enjoy a mix of current pop, country and techno.

Favorite book or movie? “How to Win Friends and Influence People” - Dale Carnegie

What is something people may be surprised to find out about you? Born and raised in Toledo, but a passionate Chicago Cubs fan. Go Cubs go!

Business Valuation: What to Look for in an Expert

You know you need a business valuation, but who should do it and how in depth should it be? Gilmore Jasion Mahler Partner Jeff Denning specializes in business valuation and says be aware that the IRS or a court of law will have some requirements when it comes to the valuation, and who does the work. He offers some ideas on how to go about choosing the right person for the job.

Who does a valuation for your business is one of several important questions as you begin to research the process. For more information, see GJM's video blogs How Do You Figure Out the Value of Your Business, Business Valuation: Lengthy Report or Not, and What is the Business Valuation Process. Learn more about Jeff’s expertise in business valuation and forensic accounting, and don’t forget to sign up for GJM’s free quarterly newsletter The Expert with a focus on business valuation and litigation support. Just click here for quick and easy sign up.

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, healthcare management and outsourced accounting. The Firm’s professionals specialize in industries including construction & real estate, healthcare, manufacturing & distribution and utilities

What the New NAFTA Means for Small Business

New NAFTA small business USMCAOn September 30, 2018, the United States-Mexico-Canada Agreement (USMCA) was established after 13 months of negotiations. While the agreement is not currently ratified, the USMCA intends to replace the North American Free Trade Agreement (NAFTA), which has been in place since 1994. Ratification is expected to take place in early 2019.

The USMCA brings several changes to the economic relationship between the three North American countries. These include greater market access, inter-governmental cooperation mechanisms, and higher duty-free limits.

Everyone will feel these changes, not just major government agencies. Three provisions in the USMCA will particularly impact small businesses:

  1. The establishment of the Committee on Small and Medium Enterprise (SME) Issues
  2. The increase of the de minimis threshold
  3. Changes to the automobile industry

The Committee on SME Issues

Chapter 25 of the USMCA will establish a Committee on SME Issues. This committee will assemble within one year of ratification and will be comprised of government officials from the U.S., Canada, and Mexico.

The committee will assist SMEs in their transition to the USMCA, identifying strategies to boost their economic success and increase cooperation between markets. The committee will host an annual SME Dialogue, inviting experts, academics, employers, non-governmental organizations (NGOs), and other stakeholders to engage in conversation on SME issues.

Small business owners may benefit from the representation this committee will provide. However, this committee will only be comprised of government officials. Not implementing the committee effectively may cause the voices of small business owners to drown within a messy bureaucratic system.

The Increase of the De Minimis Threshold

The de minimis threshold refers to the quantity of product you can purchase online and import duty-free. The USMCA raises the de minimis threshold to $800 USD for United States products, $150 CAD for Canadian products, and $100 USD for Mexican products.

This increase can lead to significant benefits for small businesses, which often do not have the resources to pay customs duties and fees. This will increase sales volume, providing greater profits for small business owners.

The 75% Tariff-Free Threshold for Automobile Manufacturers

Under the USMCA, 75% of an automobile must be manufactured within North America to be exempt from tariffs. This is a significant increase from the 62.5% requirement under NAFTA.

This provides an incentive for automakers to decrease operations overseas. The new threshold holds the potential to provide more income for small, local auto parts manufacturers and to increase jobs for North American workers.

If you're interested in staying up on issues impacting the manufacturing world, consider signing up for Gilmore Jasion Mahler's free quarterly e-newsletter The Manufacturer. It addresses a broad range of financial topics impacting the world of manufacturing. Just click here for quick and easy sign up.

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, healthcare management and outsourced accounting. The Firm’s professionals specialize in industries including construction & real estate, healthcare, manufacturing & distribution and utilities.