Generally Accepted Accounting Podcast

032 - Meet the Miles Education Team Members

In the past year, Casey Peterson, LTD has hired some team members who are part of the Miles Education program. These new team members have come to work in the firm’s various offices by way of India with some stops along the way in U.S. communities that were quite a bit larger and different than Nebraska, South Dakota, and Wyoming. So, we sat down with Venkata and Madhuri, to ask them about their experiences, how they got into accounting and the Miles Education program, what it’s like working for Casey Peterson, and most importantly, where they get their groceries from. So, listen in to learn more. 

031 - What to Bring to Your Tax Appointment

If you’re dreading visiting your CPA or accountant this tax season, no need to fear! One of our newest shareholders, Zach Van Sambeek, a CPA and CVA, is here to let you know what you should bring to your appointment to save yourself some time and money. Zach explains what information is helpful to have on hand whether you need your individual, business, or ag taxes filed. And as an added bonus, we even talk about bonus depreciation! (See what we did there?) So, dig out your shoebox of receipts and listen in to learn more!
Don’t forget these key items for your tax appointment
2024 Standard Deduction

030 - Top 3 GAAP Episodes of 2024

If you were disappointed by your results from Spotify’s Wrapped this year, we’ve got something to lift your spirits. It’s the Top 3 Casey Peterson, LTD GAAP episodes of 2024!
Now, did we use listener feedback and data analytics to compile this highly scientific list? Pfffff, absolutely not. Evan and Hillary just picked the three podcasts they liked best. That’s right; it’s all based on feeeeeeeeeelings, which probably makes most accountants nervous, as it should.
Anyway, if you’re short on time and just want to know the absolute Cannot Miss Podcasts of the past year, listen in to learn more!
Also, Jason Staats, we’re coming for you. Not, like, in a threatening way. We’re just gonna have you as a guest eventually.
Our Favs of 2024, not in the order they appear in this episode:
GAAP Episode 025 – Meet Laura Gillen from Avantax
GAAP Episode 023 – Rural Health Clinics & Fruit Pizza
GAAP Episode 021 – Meet Casey Peterson
GAAP Episode 026 – All About Audit and Attest
Honorable Mentions:
GAAP Episode 028 – Energy Incentives and Future Taxes with Dave McGuire
GAAP Episode 029 – Mark’s Path to Glory

029 - Mark's Path to Glory

Have you often thought that the path to managing shareholder of a mid-sized Midwestern CPA firm was full of wonder and glory? Have you actually ever considered the path of a managing shareholder at all? … Yeah, we thought not.
Either way, Casey Peterson, LTD’s own managing shareholder, Mark Lyons, a frequent guest of the podcast, talks about how he ended up where he did. It’s not at all the journey you might think it was and is a pretty good reminder that just because you’re not sure what you want to be when you grow up, that doesn’t mean you can’t find success as you figure it out. OK, yeah, that sounds like an after-school special.
But whether you’re considering a career in accounting, are already a tenured accounting vet, or just like a good yarn, Mark’s tale is for you! Listen in to learn more.
Other episodes featuring Mark:
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 011 – Healthcare Allocation Statistics
GAAP Episode 008 – Your Business and Inflation

028 - Energy Incentives and Future Taxes with Dave McGuire

It’s part two of our conversation with Dave McGuire of McGuire Sponsel, our cost segregation partner! Last time was all cost seg all the time. This time, we talk about some of the new energy incentives, how businesses can utilize them, and discuss what could happen after the upcoming election (it doesn’t get political, promise).
Energy incentives are always a hot topic that can get confusing. But Dave does a great job of providing examples and laying everything out in an easy-to-understand manner. Don’t believe us? Listen in to learn more!
IRS’s Clean Energy Tax Incentives for Businesses (PDF)
Tax Incentives for Energy-Efficiency Upgrades in Commercial Buildings
Federal Solar Tax Credits for Businesses
Mostly residential energy efficiency federal tax credits
Department of Energy’s financing and incentives
IRS’s energy efficient home improvement credit

027 - Fixed Assets and Cost Segregation with Dave McGuire

Today’s episode is part one of our conversation with Dave McGuire of McGuire Sponsel, our new partner that helps with cost segregation studies. We’re revisiting our very first episode about cost seg and depreciation to get into some more details.
This is a great episode for businesses looking for ways to possibly increase their cash flow or decide if a cost segregation study is right for them. It’s also a heckuva an episode if you just like to nerd out about tax regulations or enjoy squirreling away knowledge not a lot of other folks have.
You know you want to: Listen in to learn more!
Note: Dave references a lot of forms, regulations, and other details about cost seg and depreciation. So below are resources to define those references.
Rev prop 8765 (pdf)
ITC tax credits
Component depreciation
179 expensing
Bonus depreciation 168 k
2005 IRS audit techniques guide
1031 exchange
Passive income
Tax & Jobs Act
Tax rates

026 - All About Audit & Attest

Audit, review, compilation, agreed-upon-procedures … oh my. It’s a podcast all about attest services. … Wait! Where are you going?! You’re going to want to hear this one, promise!
 
On today’s episode, we talk to CPA, shareholder, and vice president of our attest services team, Deidre Budahl. Deidre corrects all the misconceptions about audits (they’re not that scary, and in fact, your organization might not even need one) and talks about how your nonprofit, school, or government entity can pick the right level of service.
 
Deidre even defines some jargony terms that you can trot out at your next dinner party … provided you’re partying with accountants.
 
Anyway, audit’s a way more nuanced and interesting field than people give it credit for, and you’re gonna wanna listen in to learn more!

025 - Meet Laura Gillen from Avantax

Welcome to another Generally Accepted Accounting Podcast Happy Hour! This one’s with Laura Gillen, Certified Financial Planner, who works for Avantax, our firm’s wealth management and financial services planning partner. Laura’s taken a kind of nontraditional path to financial planning, and that’s given her a unique perspective on the industry and helping clients with their financial goals. She talks about how she got into the industry, what she loves about it, and how much of a huge nerd she is, which, honestly, is one of our favorite parts about her. Learn more about Laura!

024 - Rural Health Clinics Part II

Here’s part two of the first-ever Generally Accepted Accounting Podcast Happy Hour! We’re back with the CEO and Family Nurse Practitioner, Micki Lyons. Micki leads one of the firm’s clients, Crook County Medical Services District, and is married to our firm’s managing shareholder, CPA Mark Lyons. For part two, we turned the Q&A mostly over to Micki and Mark so they could quiz each other. We’re not going to say chaos ensued. But the parts that we are able to release to the public are as insightful as they are entertaining. Don’t miss this episode!
Micki Lyons, DNP-C, CEO bio
Mark Lyons, CPA, Managing Shareholder, Board President bio

023 - Rural Health Clinics & Fruit Pizza

It’s the first Generally Accepted Accounting Podcast Happy Hour! For our first-ever installment, we did a first-of-its-kind interview with Micki Lyons, CEO and Family Nurse Practitioner with Crook County Medical Services District — one of the firm’s clients — in Sundance, Wyoming.
Micki has multiple nursing degrees, including a Bachelor of Science in Nursing, a Master of Science in Nursing, a Doctorate of Nursing Practice, and a Natural Health Certification. Before joining CCMSD as a provider, Micki served as a registered nurse for the facility in the hospital and emergency departments for seven years. She also worked as a school nurse for Crook County School District for 13 years. Oh, also, she’s married to our managing shareholder, Mark Lyons, who also joined in the interview.
This is a two-parter, and for the first part, it was almost all business, specifically rural health care clinic business. Micki did a deep dive, talking about different types of rural healthcare clinics, the challenges they face, why the clinics are so important, and what keeps her coming back.
Oh, and also, fruit pizza. Yeah. The link’s below.
Micki Lyons, DNP-C, CEO bio
Mark Lyons, CPA, Managing Shareholder, Board President bio
What’s a rural health clinic?
NPR: Older Americans say they feel trapped in Medicare Advantage plans
Glazed fruit pizza (Not for Mark)