027 - Fixed Assets and Cost Segregation with Dave McGuire

Generally Accepted Accounting Podcast

Generally Accepted Accounting Podcast

16:32

You’re busy—but are you actually growing? In this episode, Nata Salvatori exposes a trap that’s costing service providers time, money, and sanity: chasing busywork that feels productive but doesn’t move the needle. She walks through a clear, five-step growth path—from clarifying your offer, validating through real sales, delivering sustainably, building repeatable systems, to scaling confidently. You’ll learn: How to spot and ditch “fake work” Why clarity beats complexity every time How to use real feedback to validate your offers Delivery tips that prevent burnout System creation that enables scaling How to honor your current phase of growth 📌 Ready to stop spinning your wheels and make real moves? Map your phase, pick your next action, and don’t be afraid to ask for help: 👉 accidentalceo.co/coaching Support the show…

about a year ago 35:35

MP3•Episode home

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.

36 episodes

#Business #CPAdvisors

027 - Fixed Assets and Cost Segregation with Dave McGuire

Generally Accepted Accounting Podcast

published about a year ago

MP3•Episode home

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.

36 episodes

#Business #CPAdvisors

All episodes

Generally Accepted Accounting Podcast

1
036 - New Rural Health Clinic Standards and Profitability 30:55

5 weeks ago30:55

30:55

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…

Generally Accepted Accounting Podcast

1
035 - Roth IRA Conversions and Financial Therapy 28:41

9 weeks ago28:41

28:41

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?…

Generally Accepted Accounting Podcast

1
034 - Medicare Bad Debt 23:39

13 weeks ago23:39

23:39

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…

Generally Accepted Accounting Podcast

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033 - Funded Depreciation and Rural Healthcare 28:29

17 weeks ago28:29

28:29

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!…

Generally Accepted Accounting Podcast

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032 - Meet the Miles Education Team Members 49:23

21 weeks ago49:23

49:23

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.…

Generally Accepted Accounting Podcast

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031 - What to Bring to Your Tax Appointment 29:06

25 weeks ago29:06

29:06

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…

Generally Accepted Accounting Podcast

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030 - Top 3 GAAP Episodes of 2024 23:47

32 weeks ago23:47

23:47

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…

Generally Accepted Accounting Podcast

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029 - Mark's Path to Glory 56:16

36 weeks ago56:16

56:16

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…

Generally Accepted Accounting Podcast

1
028 - Energy Incentives and Future Taxes with Dave McGuire 21:56

39 weeks ago21:56

21:56

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…

Generally Accepted Accounting Podcast

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027 - Fixed Assets and Cost Segregation with Dave McGuire 35:35

43 weeks ago35:35

35:35

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…

Generally Accepted Accounting Podcast

1
026 - All About Audit & Attest 44:25

49 weeks ago44:25

44:25

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!…

Generally Accepted Accounting Podcast

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025 - Meet Laura Gillen from Avantax 42:45

1 year ago42:45

42:45

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!…

Generally Accepted Accounting Podcast

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024 - Rural Health Clinics Part II 34:56

1 year ago34:56

34:56

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…

Generally Accepted Accounting Podcast

1
023 - Rural Health Clinics & Fruit Pizza 34:56

1 year ago34:56

34:56

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)…

Generally Accepted Accounting Podcast

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022 - Fun with Allowable Costs and Activities and Medicare Advantage Plans 44:52

1 year ago44:52