LUTZ BLOG
Accounting, consulting, financial, technology, merger and acquisition, and staffing blogs, tips, and news.
3.22.23 | A CFO’s Guide to Board Meeting Participation | Recording
In this webinar, members of Board Business LLC and Lutz will discuss best practices for effective board meetings and board responsibilities
Further Developments in the Banking Industry + Financial Market Update + 3.21.23
The market’s attention remains focused squarely on the health of the banking system. We examine new developments from the last week and…
Accounting Today Names Lutz a 2023 Top 100 Firm and Regional Leader
Lutz has been named a 2023 Top 100 Firm by Accounting Today. This is the fifth consecutive year Lutz has been named in the Top 100…
Turmoil in the Banking Industry + Financial Market Update + 3.14.23
Over the past few days, the news flow has been dominated by the turmoil taking place in the banking industry. Within the span of a week…
March Retirement Plan Newsletter 2023
This month’s retirement plan newsletter contains insights on plan committees for organizations, benchmarking, and planning financial…
Technology Used in Agriculture
This article looks at emerging technology that is transforming and creating new opportunities for the players in the agriculture industry.
Should You Finance Your Agriculture Equipment?
If you are considering purchasing new agricultural equipment, one of the biggest decisions you will face is whether you should finance it.
Factors to Consider When Selling a C Corporation
This blog highlights the tax issues affecting both buyers and sellers involved in C corporation merger and acquisition transactions.
The Ultimate Guide to QuickBooks Desktop for Contractors
In QuickBooks Desktop, contractors can track job costs at the transactional level and use valuable reports to monitor the status of jobs.
3.8.23 | Merger & Acquisition Market Upddate | Recording
In this webinar, Lutz experts will explore current market conditions, valuation multiples, recent transactions, and the COVID-19 impact on…
The Decision Investors Must Get Right + Financial Market Update + 2.28.23
Allocating your assets correctly is a critical hurdle to long-term investing success. Unfortunately, it is unique to every investor…
Lutz adds Brummels and Johnson to Omaha Office
Lutz recently added Chad Brummels and Paige Johnson to its Omaha office. Chad, a Senior Accountant, and Paige, a Recruiting Coordinator…
Mergers and Acquisitions Report 2022
The 2022 Mergers and Acquisitions Report shares a current market overview, details transactions, and highlights private equity activity…
The Role of M&A Advisors in Mergers & Acquisitions
M&A advisors can be invaluable for a business looking to get the most out of a sale, merger or acquisition, or capital raising opportunity…
How to Prepare for a Virtual Interview
Conducting interviews online have increased in popularity in recent years. Here’s how you can best prepare for a virtual interview…
Sales & Use Tax for Medical & Dental Practices – FAQs
We’ve listed some of the most frequently asked questions regarding sales and use tax for medical & dental practices so you can know…
How Private Practices Use Bill.com to Automate Accounting Processes
There is a tool that can make managing your private practice’s accounting processes more manageable. It’s called bill.com (BILL)…
The Three-Year Anniversary of the Pandemic Selloff + Financial Market Update + 2.21.23
Three years ago this week, stocks reached their peak level before collapsing in the face of the global pandemic and the corresponding…
February Retirement Plan Newsletter 2023
This month’s newsletter contains insights on offboarding employees from your 401k plan, plan features to attract/retain talent, and more…
Inventory Valuation Methods for Manufacturing Entities
The selection of an inventory valuation method can be a major decision for a manufacturing entity. Generally accepted accounting practices…
Tax Benefits of Owning a Home
While buying a home is one of the most significant investments decisions you will make, there are many tax benefits to take advantage of…
Side Hustles and their Tax Implications
Although side hustles are a great way of earning extra income, you still need to understand their tax implications to ensure you are…
Nebraska Taxes for Nonprofit Organizations
While charities and nonprofit organizations are generally exempt from federal income tax, they may be subject to various state taxes.
Important KPIs for Nonprofit Organizations
Certain nonprofit-specific key performance indicators (KPIs) can help nonprofits focus on their goals. KPIs allow organizations to make…
Medicare Bad Debts + Recent Updates
There have been minimal changes to what is allowable or can be claimed for Medicare Bad Debts (MBD) on the Medicare Cost Report (MCR)…
Consolidated Appropriations Act 2023
The Consolidated Appropriations Act 2023 was passed into law on December 29, 2022, and had important impacts on healthcare providers…
Tax Credits Increase for Companies Establishing a Retirement Plan in 2023
On December 29th, 2022, the omnibus spending bill, which included the SECURE Act 2.0, was signed into law. One of the major enhancements…
Rural Health Care Grant Reporting
This blog covers reporting and fund expenditure due dates for various rural health care grants. PRF, RHCCTM and USDA Track One grants…
External Financial Statement Audit Best Practices for CAHs
Having audit preparation processes and best practices in place can reduce the burden on staff and create a smoother audit from initial…
Public Health Emergency Resource Update + Critical Access Hospitals
The Biden-Harris Administration announced its intent to end the national emergency and Public Health Emergency (PHE) declarations related…
New & Recent Accounting Pronouncements + Healthcare
This blog provides a summary of some standards that recently became or will soon become effective that may impact healthcare entities…
2.8.23 | Financial Access Checklist | Recording
In this webinar, Lutz experts discuss the critical information you should be able to access to ensure you have the tools to manage…
Lutz adds Howard, Lundak and Stokes
Lutz recently added Grace Howard, Eli Lundak and Julia Stokes to its Tech division. Grace and Eli, Service Desk Technicians, and Julia…
The Wealth Creating Power of the Stock Market + Financial Market Update + 1.31.23
Recent volatility in both the stock and bond markets has some investors searching for a safer alternative. After delivering a positive…
A Guide on State Pass-Through Entity Tax Elections (PTET)
What is an elective pass-through entity tax (PTET), and how does it help in financial planning? Many states have enacted legislation…
Top 3 Financial KPIs Every Business Owner Should Track
Every business needs to keep track of its finances – whether a budding startup or a massive corporation. The answer lies in using KPIs…
Top 4 Staffing Trends for the New Year
Here are the top staffing trends for 2023! The unemployment rate in the US dropped to 3.5 percent in December 2022, falling below…
7 Reasons Why IT Documentation Matters
Proper IT documentation is essential for businesses. It provides valuable resources to your support team, enabling them to operate, support…
Big Life Changes That Can Save You Money in Taxes
Major life events can positively change your tax situation. This blog takes a look at six big life changes that could offer tax savings…
The ETF Revolution Turns 30 + Financial Market Update + 1.24.23
Like a traditional mutual fund, ETFs allow investors to buy a diversified basket of stocks and/or bonds via a single ticker. ETFs have…
The Return of the Value Premium + Financial Market Update 1.18.2022
The roughly 3% difference in annual return is referred to as the ‘Value Premium.’ Investors that wish to increase their expected return…
1.11.23 | Disaster Readiness & Business Continuity Plans | Recording
In this webinar, Lutz experts will help you understand what a business continuity plan is, why it’s important to have one, and share tips…
Outsourced Accounting is More Than Just Accounting
Outsourced accounting is an effective and efficient strategy that small and medium-sized businesses use to lower operating expenses and…
Working from Home: Tax Implications You Need to Know
The tax implications faced by an employer when their employees work from home are more complex than one might think. Here are a few…
Construction Accounting: What Makes it Unique?
Construction accounting shares some bookkeeping practices with general accounting but has many unique features, such as revenue…
January Retirement Plan Newsletter 2023
This month’s newsletter contains insights on investment policy statements, inflation, contribution limits, and more…
Lutz adds Dorathy, Dorsey and Transitions Sheridan
Lutz recently added Holly Dorathy and Steve Dorsey to its team and transitioned Brenden Sheridan to a new role with Lutz Tech…
SECURE 2.0 Act of 2022
In December of 2022 Congress passed the Consolidated Appropriations Act, 2023 which contains a large section covering retirement…
Buy-Sell Agreements: What You Need to Know
Does your business have a buy-sell agreement? We’ll walk you through what a buy-sell agreement is and the advantages of having one…
What’s New for Taxes in 2022
To identify the most significant changes that could impact your taxes next year, we’ve compiled some essential adjustments and updates…
Steps to Build a Strong IT Security Culture
Nothing can guarantee your company never suffers a security breach. However, you can take steps to build a strong IT security culture…
2023 Webinar Schedule
Lutz’s 2023 webinar schedule is out! Each year we host a series of free educational presentations that offer up-to-date information on…
2022 Year in Review + Financial Market Update + 12.27.22
Here is a brief recap of what was driving the markets during the year and what investors can expect as we enter 2023…
4.12.23 | Solutions to meet Your Business’s HR Needs | Webinar
In this webinar, Lutz experts will help your business solve its HR woes by assessing the right time to hire an HR professional and…
5.10.23 | A Letter to My Surviving Spouse | Webinar
In this webinar, experts Susie Krause and Amanda Forker will educate on end-of-life planning, including wills, estate plans, and more…
6.14.23 | Data Analytics & Financial KPIs for the Nonprofit Idustry | Webinar
In this webinar, Lutz experts will help organizations understand why collecting and analyzing data is important and what KPIs…
7.12.23 | Ready to Hire, But Can’t Find the Talent? | Webinar
In this webinar, Lutz Talent experts will discuss the current job market and ways your business can source premiere candidates to get the…
8.9.23 | Financial Management & Privacy Best Practices | Webinar
In this webinar, Lutz experts will cover financial best practices and tips to protect your personal information…
Lutz Gives Back + 12 Days of Lutzmas 2022
In 2022, we were able to give back to individuals and organizations in the community through various activities, including…
9.13.23 | The Benefits of ESOPs for Companies & Owners | Webinar
In this webinar, Lutz experts will help you understand what an ESOP is, how it works, why it’s beneficial, and ways it can affect your…
What Market Efficiency Means for Investors + Financial Market Update + 12.20.22
What makes the markets so efficient? And what does it mean for investors? The stock market can be thought of as a massive information…
10.11.23 | Creating & Maintaining a Company Retirement Plan | Webinar
In the webinar, Lutz experts help you understand how the PEP works, its benefits, and how to transition your business’s retirement plan…
11.8.23 | NE Income Tax Update + Nexus Overview | Webinar
In this presentation, Lutz experts share Nebraska income tax updates and discuss relevant business tax topics such as Nexus and the impact…
December Retirement Plan Newsletter 2022
This month’s newsletter contains insights on provider consolidation in the retirement plan market, plan limit hikes, and more…
12.13.22 | Year-End Tax Update | Recording
In this presentation, Lutz experts will cover current tax law updates, as well as general year-end planning ideas…
‘Tis the Season for Hackers
The holiday season is here, and hackers love this time of year as much, if not more, than we do. Our inboxes are full of receipts…
Lutz Financial adds Morris and Sibole
Lutz Financial recently added Alyssa Morris and Landon Sibole to its Omaha office. Alyssa, an Operations Manager and Landon, a client…
Tax Best Practices for Independent Medical Groups
Physicians can use strategies to reduce tax burden and ensure practice growth. A few tax best practices for independent medical groups…
Financial Management and Governance Best Practices for Nonprofits
Effective governance and sound financial practices are key to ensuring strong nonprofit management. For any nonprofit leader, this is…
The difference between bookkeepers & CPAs: which does your business need?
Do you need a bookkeeper, a CPA, or both? Does it make sense to hire a full-time professional or should you explore outsourcing…
Lutz Named a 2023 Best Tax and Accounting Firm by Forbes
Forbes has named Lutz a 2023 Best Tax and Accounting Firm in America. The list identifies firms across the U.S. that are most recommended…
Lutz to Transition Hastings Location
Beginning May 1, 2023, Hastings team members will serve local customers under the leadership of former Lutz Shareholders…
Markets Are Forward Looking + Financial Market Update + 12.6.22
While economic growth is expected to finish 2022 off on solid footing, expectations for 2023 are not as rosy. Many investors and economists…
Quarter Three Middle Market M&A Report 2022
The total value of lower middle market deals announced in Q3 amounted to $81.3 billion – 0.8% above Q2-22. Similarly, total transaction…
11.30.22 | Nonprofit Tax Update + Form 990 | Webinar
Lutz experts, Hannah Goscha and Dan Sweeney will cover Form 990, as well as other hot topics currently seen in the Not-For-Profit industry…
3 Reasons the 60-40 Portfolio Isn’t Dead + Financial Market Update + 11.29.22
The classic 60-40 portfolio, which represents an asset allocation with 60% invested in stocks and 40% in bonds, is having one of its worst…
Lutz Tech adds Duren, Manley and Swiercek
Lutz recently added Devin Duren, Bill Manley and James Swiercek to its Tech division. Devin joins as a Service Desk Engineer. Bill joins…
Get to Know the Lutz Talent Team!
Get to know the Lutz Talent team! Learn more about our roles, what we like to do outside the office, and why we enjoy working for Lutz…
Tax Considerations for Trusts and Estates
Trusts and estates provide a way to manage property and finances while protecting the assets of the people involved. Tax considerations…
IRS Tax Inflation Adjustments for Tax Year 2023
On October 18, 2022, the IRS announced the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including tax rate…
2023 Expanded Eligibility + Individual Residential Energy Credits
The federal government offers two energy credits to help individuals offset residential energy costs. Both were modified by the…
November Retirement Plan Newsletter 2022
This month’s newsletter contains insights on auditor independence guidance for retirement plans, fiduciary documentation, and more…
Lutz adds Gullotta, Kehr, and Prine, Transitions Preston
Lutz recently added Anthony Gullotta, Michelle Kehr, and Kendall Prine to its Omaha office and has transitioned Lauren Preston to new role…
Lutz adds Felber, Helgerson, Molina and Spilinek
Lutz recently added Morgan Felber, Lauren Helgerson, Teresa Molina and Tonya Spilinek to its Omaha and Grand Island offices…
What the Positive CPI Report Means for Investors + Financial market Update + 11.15.22
The Consumer Price Index (CPI) data surprised the market, with the rate of price increases in October coming in lower than expected…
Jerad Knott Recipient of Volunteer Leadership Award
Lutz is proud to announce that Jerad Knott has been named a recipient of the Clara Barton Meritorious Volunteer Leadership Award…
11.9.22 | Preparing & Reviewing Medicare Cost Reports | Recording
In this webinar, Lutz experts discuss preparing interim cost reports, how to use the cost report for certain financial analyses and…
Lutz adds 13 Staff Accountants
Lutz recently added 13 staff accountants to its Omaha and Lincoln offices. Joining the tax, audit, and healthcare accounting…
Federal Student Loan Forgiveness Update
In August 2022, President Biden announced the forgiveness of up to $20,000 of federal student loan debt for individuals as well as the…
11.2.22 | Hot Topics + Strategies for Business Technology | Recording
In this webinar, Lutz experts discuss hot topics in the technology industry, including cybersecurity, managing your IT, and AI…
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