Running a Smarter Business + Simple Steps to Start Using Analytics

Running a Smarter Business + Simple Steps to Start Using Analytics

  LUTZ BUSINESS INSIGHTS   running a smarter business + simple steps to start using analytics ryan wade, software solutions manager  Small business managers wear many hats throughout the day: sales, operations, service, and support. Often, the days feel like a...

5 Ways Technology is Changing Your Accounting

5 Ways Technology is Changing Your Accounting

Technology has made accounting more approachable. Or at least more accessible. Software allows time to be spent figuring out how to accomplish business goals, not on calculating if you have the finances to do it…

Crop Insurance Income and Deferral Possibilities

Crop Insurance Income and Deferral Possibilities

Mother Nature can be fickle – some years your yield is plentiful, whereas other years crops can be damaged due to significant drought, insect infestations, floods, fire, etc. Thankfully, there are alternatives…

What is Form 990?

What is Form 990?

The Form 990 series represents the annual informational tax form group that is required to be filed with the IRS by tax-exempt organizations, including charitable and educational organizations, trade associations…

5 Key Purchase Agreement Considerations

5 Key Purchase Agreement Considerations

The purchase agreement is a major component of an M&A deal. It is the contract that documents all of the terms agreed upon between the buyer and the seller in a transaction. Without one, it would be…

Is Value Investing Dead?

Is Value Investing Dead?

Value investing has been around for nearly a century, developing a devout group of followers over time. Some of the world’s most prominent investors employ a variation of the strategy, including Omaha’s…

Lutz M&A adds Mark Otte

Lutz M&A adds Mark Otte

Lutz, a Nebraska-based business solutions firm, welcomes Mark Otte to its M&A division in the Omaha office…

August Retirement Plan Newsletter 2019

August Retirement Plan Newsletter 2019

This month’s newsletter includes insights on integrating your health savings into your retirement plan, Anthem settlements, information on HSA’s, and more…

Resume Do’s and Don’ts

Resume Do’s and Don’ts

The ease of applying to jobs online has created an influx in resume submissions. Consequently, employers and HR departments spend only a small amount of time reviewing each resume and usually…

Should Your Company be Using a VPN?

Should Your Company be Using a VPN?

When businesses want to keep their data safe and secure no matter where it’s located, they often use a virtual private network or VPN. Because of the rise in cyber attacks, Bring-Your-Own-Device (BYOD) programs…

CAH Ambulance Changes

CAH Ambulance Changes

The current policy for ambulance services furnished by a CAH or an entity that is owned and operated by a CAH is 101 percent of the reasonable costs of the CAH or the entity in furnishing those services, but only if…

Activation of OPPS System Edits Delayed

Activation of OPPS System Edits Delayed

Special Edition (SE) 19007 was revised to provide an update on Round 3 testing of system edits for Outpatient Prospective Payment System (OPPS) providers with multiple service locations and to announce a delay…

Provider Enrollment Updates

Provider Enrollment Updates

The Medicare provider and supplier enrollment process is a continuous one which requires on-going attention, lest you be impacted by an interruption in reimbursement…

ICD-10 Updates for 2020

ICD-10 Updates for 2020

CMS published the changes to the ICD-10-CM codes effective for services on or after October 1, 2019. There are 273 new codes, 21 deleted codes and 30…

Lutz adds Cory Hanson and Regan Szatko

Lutz adds Cory Hanson and Regan Szatko

Lutz, a Nebraska-based business solutions firm, welcomes Cory Hanson and Regan Szatko to Lutz’s Omaha office. Cory joins the firm as an Operations Lead, and Regan joins as an Administrative Assistant…

5 Accounting Strategies for the Self Employed

5 Accounting Strategies for the Self Employed

Being a business owner is great, but you’ll quickly realize you hold responsibilities in areas that you may not have much experience. Leveraging the expertise of others can allow you to spend your time on…

Lutz Promotes Six to Manager

Lutz Promotes Six to Manager

Lutz, a Nebraska-based business solutions firm, has promoted six professionals to Manager positions. Congratulations to Merrick, Mark, Brandi, Katie, Tracy and Kayla…

Lutz Announces Director Promotions

Lutz Announces Director Promotions

Lutz, a Nebraska-based business solutions firm, has promoted seven to Director roles. Congratulations to Joe, Ashley, Sharissa, Kyle, John, Ryan and Curtis…

M&A Transactions + Seller Equity Roll

M&A Transactions + Seller Equity Roll

The popularity of equity rollovers in M&A transactions has increased in the past decade. Rolling equity is when certain equity holders in the target company are required or elect to roll a portion of their ownership…

Tax Cuts & Jobs Act + Ag Industry

Tax Cuts & Jobs Act + Ag Industry

Jim Honz, Lutz Tax Shareholder, was recently featured on the Nebraska Grain & Feed Association’s (NEGFA) website for an article about the Tax Cuts and Jobs Act (TCJA) relating to the agriculture industry…

Lutz adds Lake and Risinger as Staff Accountants

Lutz adds Lake and Risinger as Staff Accountants

Lutz, a Nebraska-based business solutions firm, welcomes Alec Lake and Katie Risinger to the team. Alec is working in the Grand Island office, while Katie assists both the Hastings and Grand Island teams remotely…

Provider-Based Departments Update 2019

Provider-Based Departments Update 2019

The Centers for Medicare and Medicaid (CMS) Are Requiring Hospital Provider-Based Departments (PBDs) to be Properly Enrolled in Provider Enrollment, Chain, and Ownership System (PECOS)…

7 Questions You Should Always Ask in an Interview

7 Questions You Should Always Ask in an Interview

Job interviews are typically the first step in the job seeking process and it is important to make a great first impression. However, you (as the candidate) shouldn’t be the only one responding to all the questions…

Confused by QuickBooks’ Report Customization

Confused by QuickBooks’ Report Customization

If you’re still doing your accounting on paper, you know how challenging it is to create reports. You might be able to cobble together a simple report using Excel, but even that takes time and skill…

Lutz Financial adds Joe Carlson

Lutz Financial adds Joe Carlson

Lutz, a Nebraska-based business solutions firm, welcomes Joe Carlson to its Omaha office’s financial division. Joe joins Lutz Financial as a Financial Planner. He is responsible for assisting Lutz Financials’ advisers…

Net Working Capital: What is it and How is it Used?

Net Working Capital: What is it and How is it Used?

A commonly misunderstood topic in M&A transactions is the concept of net working capital (NWC). This is recognized as a predetermined amount of capital that is included in the purchase price in a business sale…

Lutz adds Obermier and Schultze to Grand Island Office

Lutz adds Obermier and Schultze to Grand Island Office

Lutz, a Nebraska-based business solutions firm, welcomes Alexa Obermier and Jarrett Schultze to its Grand Island office. Alexa and Jarrett join Lutz as staff accountants. They are responsible for the preparation of…

5 Ways to Maximize Your Tax Refund

5 Ways to Maximize Your Tax Refund

With each tax season comes the hope of a substantial refund, or at least the chance of not owing too much in taxes. So, how can you be sure you are getting back as much as you should…

Family Governance + Not an Act

Family Governance + Not an Act

For a family enterprise to sustain its wealth, acting collaboratively is required.  This need for cohesion leads to the creation of structures and processes that guide the family’s behavior as it navigates the complexities…

Benchmarking for Medical Practices

Benchmarking for Medical Practices

“Our life begins and ends with measurement. What was the baby’s length and weight at birth? How old was the man when he passed away? At every step in our life we are measured against something or someone…

Why You Need a Disaster Recovery Plan

Why You Need a Disaster Recovery Plan

To understand why you need a disaster recovery plan, you need only think about events that have occurred over the past couple of years in the United States. Recent flooding in Nebraska and Iowa, wildfires…

Sales Tax Registration 101

Sales Tax Registration 101

Starting a business can be easy. Knowing how to make sure that you are in compliance with state and federal laws is a little more difficult. You probably already know that you need to register to collect sales tax…

Tax Law Update

Tax Law Update

In this webinar, Deyna Rouse and John Kampfe discuss updates to the new tax law and how it may affect your business or organization. They also cover the Qualified Business Income Deduction, method changes…

Lutz adds Steve Roberts as Chief Financial Officer

Lutz adds Steve Roberts as Chief Financial Officer

Lutz, a Nebraska-based business solutions firm, recently added Steve Roberts to its Firm Admin Department. Bringing over 30 years of experience in accounting and finance, Steve joins the firm as Chief Financial…

The Benefits of Temporary Staffing

The Benefits of Temporary Staffing

If you have a vacancy at your company, you may choose to fill it with a temporary staff member. Working with a temporary employee can benefit your business in many ways, however, there are pitfalls you should…

5 Ways to Prevent Data Breaches

5 Ways to Prevent Data Breaches

Large corporations grab the headlines when they’re hit by a cyber attack, but small businesses are far from immune. In fact, hackers count on the fact that organizations with just a handful of, or a few dozen, employees relax their…

Lutz adds Colleen Boyd to Grand Island Office

Lutz adds Colleen Boyd to Grand Island Office

Lutz, a Nebraska-based business solutions firm, recently added Colleen Boyd to its Grand Island Office. Colleen joins the firm as an Accounting Assistant and brings over five years of experience in the accounting industry…

Denial Management: Are You Doing Enough?

Denial Management: Are You Doing Enough?

“There’s tremendous pressure to reduce denials. According to CMS, 20% of all claims are denied, 60% of lost or denied claims will never be resubmitted, and 18% of claims will never be collected…

Why Do a Chargemaster Review?

Why Do a Chargemaster Review?

How pricing is set for a healthcare organization may have a significant impact on financial performance. In addition, if individual charge items in the chargemaster file contains errors payment for services…

Cash Flow Problems? 5 Ways to Improve It

Cash Flow Problems? 5 Ways to Improve It

You can fix some of the problems your small business faces and move on. You change couriers or banks or suppliers if services and fees aren’t acceptable…

Creating a Product Record in QuickBooks

Creating a Product Record in QuickBooks

If you buy and sell items, you need capable inventory management tools to track them. QuickBooks provides a solid base with its product record templates…

May Retirement Plan Newsletter

May Retirement Plan Newsletter

This month’s newsletter contains insights on ways to increase employee retirement contributions, investment options, reasons to roll into your employer’s plan vs. an IRA, and more…

Family Meetings + Strengthening the Bonds That Bind

Family Meetings + Strengthening the Bonds That Bind

We’ve all heard the saying, “The key to a good relationship is communication”.  This is especially true for families who want to perpetuate their wealth and values over multiple generations.  Research has shown that most…

Lutz Announces Future Move in Lincoln, Nebraska

Lutz Announces Future Move in Lincoln, Nebraska

Lutz, a Nebraska-based business solutions firm, has announced it will be relocating its Lincoln office to the second floor of the new “Olsson Building South” on 115 Canopy Street in January of 2020…

Everything You Need to Know About the Yield Curve

Everything You Need to Know About the Yield Curve

In recent weeks the financial markets have displayed a traditional warning sign that has garnered significant attention. Widely viewed as one of the most reliable and accurate predictors of an economic slowdown…

A Recipe for Job Happiness

A Recipe for Job Happiness

For most of us, “work” is a necessary part of life. Some people live to work; dedicating much of their waking effort towards a chosen career path. Others work to live; putting forth just enough effort to generate a stable income…

5 Tips for Effective Business Writing

5 Tips for Effective Business Writing

When Albert Einstein is mentioned, most people think of genius or science, rather than simple and writing.  However, Einstein gave us some important advice for business writing when he said, “If you can’t explain something simply…

Lutz Recipient of 2019 Corporate Leadership Award

Lutz Recipient of 2019 Corporate Leadership Award

Lutz, a Nebraska-based business solutions firm, is excited to be named the winner of the 2019 Corporate Leadership Award by the Dean’s Advisory Board at the University of Nebraska-Lincoln College of Business…

What Your IT Helpdesk Technician Wants You to Know

What Your IT Helpdesk Technician Wants You to Know

When you need assistance from a professional IT helpdesk technician, you want need the experience to be as short and as productive as possible. If you follow these five basic tips, you’ll give your IT technician a fantastic starting…

What is a Family Office?

What is a Family Office?

Modern family offices have been in existence since the late 19th century when John D. Rockefeller decided he needed a professional team to manage his wealth. The complexity of the financial landscape, coupled with…

April Retirement Plan Newsletter

April Retirement Plan Newsletter

This month’s newsletter contains insights on rolling over into your retirement plan vs. your IRA, a tax savers credit reminder, and more…

Does Your Company Need a Business Valuation?

Does Your Company Need a Business Valuation?

If you use QuickBooks or you’re a power Excel user, you know you can create reports that provide tremendous insight into your company’s financial status. They can tell you what you own and what you owe down to the tiniest detail…

Exploring Segment Reporting Alternatives

Exploring Segment Reporting Alternatives

In February, the Financial Accounting Standards Board (FASB) discussed its ongoing project to improve how companies provide information around business segments. This article outlines the status of this project and possible…

Close-Up on Materiality

Close-Up on Materiality

The Auditing Standards Board (ASB) has been working on a project to amend its definition of “materiality.” This article explains the subtle differences between the international standards and U.S. standards that are currently…

State Income Tax for Businesses and Individuals

State Income Tax for Businesses and Individuals

Attendees will learn about state income tax issues relevant to Nebraska based businesses and their owners. This presentation, led by Russ Smith, includes a discussion of business income tax topics such as…

Financial Compliance Check-Up

Financial Compliance Check-Up

Now that winter is here, what better way to spend some additional time indoors than doing a winter healthcare financial compliance checkup. In this webinar…

Revenue Cycle

Revenue Cycle

As Healthcare institutions, we hear a lot of talk surrounding the Revenue Cycle. This presentation, led by Amy Evanich and Claire Thelen, will discuss helpful hints to help ensure your revenue cycle is operating…

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