Generally Accepted Accounting Podcast

Our recent blog post about a Medicare Part B vaccine billing update highlighted a clarification from Centers for Medicare & Medicaid Services. In this GAAP episode, our VP and health care cost report expert, Mark Lyons, provides a little more color to the situation and what it means for Rural Health Clinics and Federally Qualified Health Centers. Take 10 minutes to listen in to learn more!

We're issuing our first-ever Generally Accepted Accounting Alert! If the IRS charged you a penalty during COVID, you might be entitled to a refund. Listen in to learn more, and check the links below for handy resources on this evolving tax case.
Casey Peterson, LTD blog: IRS Penalty Refunds May Be Available for COVID-Era Tax Filings
IRS Form 843
IRS instructions for Form 843
Taxpayer Advocate Service blog about COVID-era refunds
YouTube instructions (advice varies by video, so use at your own risk)
How to Fill Out Form 843 Right (Kwong v. United States IRS Refund Guide)
843 protective claim form Kwong - how to fill out page one
Form 843 Protective Claim for Refund
IRS: Where to file (for Form 843)
Contact us

For this episode, we’re focusing on some recent tax headlines. In about 10 minutes, you’ll hear about an IRS notice that’s causing consternation and how it’s related to the government moving away from paper checks, a calculator that shows what your federal taxes pay for, and what employers need to know about remote and hybrid work when it comes to payroll. Listen in to learn more!
IRS Notice CP53E continuing to cause confusion
Update: What to know about the government ending paper checks
From USAFacts: What do your federal taxes pay for?
Payroll considerations for remote and hybrid work
IRS direct payments
ID.me
IRS Individual Online Account

That's right, we're back with Part 2! For background information on the Rural Health Transformation Program, be sure to listen to Part 1 here. In this episode, we dig further into the details and talk about 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

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

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

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

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

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

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.