Generally Accepted Accounting Podcast

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.

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

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?

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

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

Episode 35: Roth IRA conversions and financial therapy
Any time the markets get a little extra wonky, questions come up about Roth IRA conversions. So, we sat down with Emily Millsap — a Certified Financial Planner® and Certified Exit Planning Advisor™ with our friends at Avantax — to talk through the details. Emily covered who should and shouldn’t consider converting their traditional IRA, what to know about taxes, and how to avoid common mistakes. And just when we thought we were only discussing IRAs, things got real. Suddenly, we were talking about feelings behind money decisions and financial therapy, which is another super cool thing Emily is certified in. So, come for the technical knowledge about IRAs, and stay for how you feel about the dollars in that IRA. Listen in to learn more!
What is the Medicare income-related monthly adjustment amount?
Our wealth management services with Avantax
Other Avantax podcasts
GAAP Episode 025 – Meet Laura Gillen from Avantax
GAAP Episode 007 – Actively Managed Portfolios
AAP Episode 006 – What Exactly is a Fiduciary?

Healthcare organizations nationwide are navigating tighter margins and shrinking reimbursement rates. That’s why considering opportunities from Medicare bad debt is one way to find additional reimbursements. If the term “bad debt” makes you wonder what “good debt” is, our shareholder and healthcare expert Mark Lyons breaks it all down. Mark explains what types of bad debt are and aren’t allowable under Medicare rules, the challenges of collecting bad debt, and how healthcare facilities can minimize those challenges. This is an especially good episode for healthcare providers trying to wrap their arms and heads around all the rules … or for anyone who enjoys obscure government regulation trivia. So, good debt or bad debt, you’re going to want to listen in to learn more!
Resources
Frequently Asked Questions about Medicare Bad Debt
Previous Mark episodes
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

Rural healthcare continues to be a hot-button topic. So, we brought back one of our frequent guests, Mark Lyons — who heads up our healthcare team — to talk about a kind of niche topic — funded depreciation. Mark defines what it is, talks about some scenarios, and gives advice about the approach that healthcare facilities can take to use funded depreciation for long-term capital planning. Does it sound complicated? Yes. Is it? Also yes. Fortunately, Mark’s super knowledgeable and super good about explaining the complexities. There’s lots of good info in this episode, so give it a listen to learn more!

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. 

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