You are new to Sloan Group. What attracted you to the firm?
I joined Sloan Group in October of this year. I was impressed by the firm’s diverse and interesting clientele, and I find its affiliate business model exciting. Sloan affiliates provide many different types of financial and advisory resources under one roof.
What is your main accounting focus?
My main focus is Canadian and U.S. tax, including cross-border tax planning for corporations, individuals, estates and trusts.
Tell us about your background before joining Sloan Group?
I am from the Toronto area and graduated from the University of Western Ontario with a B.A. in Business Administration. I spent 11 years living and working in the U.S. and furthered my finance and accounting studies at UCLA. I also completed the in-depth CPA Canada three-year tax program. I have more than 15 years of experience in tax accounting and finance centered in both industry and public accounting and have worked for both Fortune 50 global companies as well as smaller firms.
What is the most rewarding part of your job?
I’m a tax guy for sure! Delivering money-saving and peace of mind solutions for clients is very rewarding to me.
How would you describe your personal accounting style?
I take a holistic approach to my work, looking at the big picture of a person’s situation and not just their tax situation.
What is the biggest tax mistakes you see people make and how can they be avoided?
People don’t ask what they don’t know. An initial conversation with a tax advisor is free, so why not ask questions? People often procrastinate, and when they finally do ask, it’s well beyond the point when certain options are available. It is also a mistake to make assumptions based on what you’ve heard or read without seeking professional advice.
As we near the end of 2017, what kind of advice do you have for your clients for year-end planning and getting set up for success in 2018?
Have a conversation with your tax advisors before the end of the year. Ask “What can I do now to save on taxes next year? What am I not 100% about my tax situation?” Get them to give you a direct answer and explain why. Understanding the specifics will help save you money and feel confident about your taxes.
And now a few personal questions:
What made you decide to become an accounting/tax professional?
I truly like helping people. Tax is an area not everyone is well versed in, and often they don’t know how to ask for help. I’ve assisted a lot of people in financial and tax-related binds over the years, and I enjoy delivering solutions to clients that they may not have been thought available to them.
Do you have any hobbies or special interests outside of the office that you’d like to share?
I enjoy squash and golf. I am active in Rotary Club and volunteer at several community organizations. I also enjoy traveling to new places and exploring different cultures.
Shawn Bausch is a tax manager at Sloan Group. Set up a free tax consultation today with Shawn at firstname.lastname@example.org or 416-665-7735, extension 335.