Generally Accepted Accounting Podcast

045 - Rural Health Transformation Program Part 1

There’s a recurring theme in every episode we do about healthcare, and it goes something like this: This stuff’s really complicated. (Listen, we didn’t say it was an earth-shattering theme).
Anyhoo, the recently created Rural Healthcare Transformation Program is no different. In fact, there are so many moving parts, we had to break this episode into two episodes.
Shareholder and CPA Kelly Klein — longtime pod listener, first-time guest — explains how the program came to be, how the funds are being distributed, and what rural healthcare facilities need to know.
Whether you’re part of a rural healthcare facility, receive care from one, or like to keep up on the ever-shifting healthcare landscape, there’s something for you. Listen in to learn more!
Single audits
Which audit service is right for your organization?
South Dakota Association of Healthcare Organizations
South Dakota Healthcare Association
South Dakota Department of Health RHT
Wyoming RHT
“Wyoming Wants To Make Its Five-Year Federal Rural Health Funding Last ‘Forever’”
GAAP Episode 036 – New Rural Health Clinic Standards and Profitability
GAAP Episode 034 – Medicare Bad Debt
GAAP Episode 033 – Funded Depreciation and Rural Healthcare
GAAP Episode 024 – Rural Health Clinics Part II
GAAP Episode 023 – Rural Health Clinics & Fruit Pizza
GAAP Episode 022 – Fun With Allowable Costs And Activities And Medicare Advantage Plans
GAAP Episode 013 – Nursing Home Star Ratings
GAAP Episode 011 – Healthcare Allocation Statistics

044 - Basics of Depreciation Under the OBBB

If you’ve ever had questions about depreciation, bonus depreciation, or section 179 deduction, you’re a nerd, and this quick-hit podcast is for you. Shareholder, CPA, PFS, and CVA Zach Van Sambeek explains what depreciation is, how it works, and how it changed under the One Big Beautiful Bill Act. Listen in to learn more!
Is bonus depreciation permanent?
GAAP Episode 031 – What to Bring to Your Tax Appointment
GAAP Episode 019 – Profit is a good thing

043 - How to Avoid Lifestyle Creep

Although “financial lifestyle creep” might sound like a lost verse to a Radiohead hit, that’s not actually what we’re talking about on this episode. Shareholder and CPA, Kayce Gerlach, and senior associate and CPA, Shay Casey, offer some solid, not-preachy advice about how to avoid the trap of spending more just because you make more. They talk about how lifestyle creep happens, how to spot it, how to decide what things you should spend money on, and why a Walmart Plus subscription is totally worth it (we’re not even sponsored!) Even if you’re not a creep or a weirdo, this episode’s packed with good ideas and insights. So, listen in to learn more!
GAAP Episode 042 – Financial Therapy with Rick Kahler
Casey Peterson’s wealth management services
How Hillary supports her rock habit

042 - Financial Therapy with Rick Kahler

It’s episode 42 of the podcast, and for fans of “Hitchhiker’s Guide to the Galaxy,” you know that means this one’s the answer to everything. Fittingly enough, the topic is financial therapy, and it might very well be the answer to everything. Our guest for this episode is financial therapist Rick Kahler from Kahler Financial Group. Rick explains what financial therapy is, what drew him to the field, the “money scripts” people tell themselves, and a whole lot more. This one’s “rich” with information (see what we did there?). So, listen in to learn more!
“Talking Financial Therapy” with Rick Kahler
“The Financial Wisdom of Ebenezer Scrooge”
“Wired for Wealth”
Klontz Money Script® Inventory-Revised (KMSI-R)
“The Gift Economy”
Your Investments: The miserable rich and happy poor - opinion
Average playing career length in the National Football League
The Financial Transitionist Institute
“Sudden Money” by Susan Bradley
Advanced Wellbeing
Casey Peterson’s wealth management services
Casey Peterson’s trust and estate services

041 - 2025 Tax Planning with Lori Larson

It’s that special, magical time of the year! Sure, Thanksgiving, Christmas, New Year’s … those are great. But we’re talking about getting ready for the 2025 tax season! CPA Lori Larson offers five quick-hit tips for individuals and businesses so you can plan ahead now without having to add any extra stress to your holiday season. So, listen in to learn more!
IRS Tax Withholding Estimator
Retirement plan and IRA required minimum distributions FAQs
Eligible FSA Expenses
HSA, HRA, healthcare FSA and dependent care eligibility list
GAAP Episode 019 – Profit Is A Good Thing

040 - Accounting in Philanthropy with Dr. Eric Zimmer

If you think charitable giving is just writing a check and hoping for the best, this episode might give you a little food for thought. Our guest is Dr. Eric Zimmer, Vice President of Philanthropy and Special Projects for Black Hills Area Community Foundation. He explains what the foundation does, why donors should consider investing their funds with the foundation, rather than trying to manage their investments on their own, and the importance of strong accounting practices. So, give us a little bit of your time, and listen in to learn more.

039 - Jenny Schmidt from Black Hills Advocate and @our605life

We don’t usually get famous people on the pod (OK, we never get famous people on the pod, even if all of our guests are stars to us), so this episode’s extra exciting. Jenny Schmidt and her wife, Tina, have garnered a huge social media following on TikTok and other platforms. But for this episode, Jenny talked about her day job doing incredibly important work through Black Hills Advocate, an organization dedicated to helping people navigate our increasingly complicated healthcare system. Jenny talks about what drove her to create Black Hills Advocate, the challenges of starting her own business, and what she wishes those in healthcare could do a little differently to help patients. So, join us as we fanboi and fangurl out, and listen in to learn more!
The Unicorn Projects — Jenny and Tina’s podcast
The Unicorn Projects
Jenny & Tina YouTube channel
Our605Life on Facebook
Our605Life on Instagram
Casey Peterson’s guide to help you with end-of-life planning

038 - The One About the One Big Beautiful Bill

Today we’re talking about the One Big Beautiful Bill, which, still surprisingly, is the name of the latest tax legislation and not a Netflix rom-com. Our tax expert, shareholder Kayce Gerlach, is back on the pod to break it all down — what’s in it for individuals, what’s in it for businesses, which tax breaks got a second life, and what shiny new benefits just showed up. So, listen in to see if the bill lives up to its beautiful name.
Update: How the One Big Beautiful Bill Act Changes Taxes for Families, Seniors, and Businesses
What so the Big Beautiful Bill’s new overtime rules mean for ag producers?
From USAFacts: How do taxes work?

037 - Work Trends with Yutaka Takagi

You might have noticed that discussions about the topic of “work” have been all over the board since the pandemic. Whether it was “quiet quitting” or “nobody wants to work anymore,” it’s been hard to get any kind of consensus. So, our HR and payroll partners at isolved started doing research, asking employees and businesses their thoughts about today’s workplace. Isolved’s Principal Product Evangelist, Yutaka Takagi, sat down with us to discuss what the research shows and some practical applications employers can use to improve employee engagement. Listen in to learn more!
Surveys mentioned in this episode:
HR Leaders
Voice of the Workforce

036 - New Rural Health Clinic Standards and Profitability

New Rural Health Clinic Standards
If you’ve listened to any of our previous episodes about rural healthcare, you’ve probably come to the not-surprising conclusion that, well, this stuff is complicated. When you add in new rural healthcare clinic standards — including issues like vaccines, roster billing, billing in real time, productivity standards, chronic care management, and more — well, things didn’t necessarily get a whole bunch simpler. Shareholder Mark Lyons hits some of the highlights of these changes that impact these facilities that serve such a vital role in our rural communities. Listen in to learn more!
 
Previous Mark episodes
Medicare Bad Debt
Funded depreciation and rural healthcare
Funded Depreciation and Rural Healthcare
Mark’s Path to Glory
Rural Health Clinics & Fruit Pizza
Rural Health Clinics Part II
Fun With Allowable Costs and Activities and Medicare Advantage Plans
Healthcare Allocation Statistics
Your Business and Inflation