Hiring Interns: Pros and Cons Explained

Hiring Interns: Pros and Cons Explained

Many businesses utilize internship programs to increase the team roster at little or no cost. In some situations, interns provide businesses with an array…

Case Study: FP Associates, P.C.

Case Study: FP Associates, P.C.

Our client, FP Associates, P.C., was experiencing issues finding and retaining a qualified individual with the appropriate skill set to replace their…

Do You Need Cyber-Insurance?

Do You Need Cyber-Insurance?

Ransomware attacks have crippled everything from major cities to school districts. Federal officials are even concerned they could be used to disrupt the current…

Cybersecurity Risk Assessment

Cybersecurity Risk Assessment

A cybersecurity risk assessment is used to identify information assets that may be targeted by cyberattacks. It also helps you assess the current state of…

Financial Statements 101

Financial Statements 101

Whether you are looking to purchase a business, sell a business, or ensure your current business maintains its financial health, financial statements are key to making the right…

Lutz Announces Partnership with Bryan Health Connect

Lutz Announces Partnership with Bryan Health Connect

Lutz, a Nebraska-based business solutions firm, is excited to announce their preferred business partnership with Bryan Health Connect. Through this alliance, Lutz’s specialized accounting and healthcare consulting…

Top 5 Benefits of Cloud Hosting

Top 5 Benefits of Cloud Hosting

One of the most popular topics of this tech-centric era is “cloud hosting.” The cloud has opened a whole new world of opportunities for companies…

Nebraska Taxation of Military Retirement Pay

Nebraska Taxation of Military Retirement Pay

Beginning with tax year 2022, Nebraska will allow an exclusion of 50% of military retirement pay from Nebraska taxable income.  This change is the result of LB 153, enacted by the 2020 Nebraska Legislature

Nebraska Microenterprise Tax Credit

Nebraska Microenterprise Tax Credit

Do you own a Nebraska based small business? By small business, we mean five or fewer full-time equivalent employees. If so, you may be eligible for Nebraska’s Microenterprise Tax Credit…

Quarter Two Middle Market M&A Report 2020

Quarter Two Middle Market M&A Report 2020

As the COVID-19 pandemic continues to spread, Q2 2020 has registered a massive drop in M&A activity. The total value of lower middle market deals (transaction value less than $1 billion) announced in Q2 was…

Does Your Restaurant Use a Food Delivery Service?

Does Your Restaurant Use a Food Delivery Service?

If you use a food delivery service such as Grubhub, Postmates, Uber Eats, etc., you may owe tax on those sales. Some delivery services collect all sales tax & city occupation tax (if applicable)…

Ignore the Dow + Financial Market Update + 8.25.20

Ignore the Dow + Financial Market Update + 8.25.20

Late yesterday it was announced that the Dow Jones Industrial Average (Dow) will be undergoing a major facelift. The update was prompted by Apple’s decision to undergo a 4-for-1 stock split, a move that would have materially…

ImagiNE Nebraska Act (LB1107)

ImagiNE Nebraska Act (LB1107)

On August 17,2020, Governor Pete Ricketts, signed into law Legislative Bill 1107, which includes a new business tax incentive program called the ImagiNE Nebraska Act.  The ImagiNE Nebraska Act

August Retirement Plan Newsletter 2020

August Retirement Plan Newsletter 2020

This month’s retirement plan newsletter contains insights on collective investment trusts, allowable plan expenses, retirement plan check-ups, and more…

How to Decrease Your Chances of Being Laid Off

How to Decrease Your Chances of Being Laid Off

When facing potential layoffs (which many Americans are right now), it can feel like you are powerless over your future. While there is nothing you can do to ensure your job entirely, there are several…

11 Ways to Increase Employee Job Satisfaction

11 Ways to Increase Employee Job Satisfaction

Hard-working, ambitious employees are perhaps your business’s greatest asset. Naturally, you want to retain them as long as possible. Job satisfaction is multilayered and subjective, and unfortunately…

WIP Schedule 101

WIP Schedule 101

All businesses need accurate financial data to help understand how it is performing and, more importantly, to assist in planning for the future. The construction industry is no different, and one of the most important inputs to financial…

Construction Month-End Close Checklist

Construction Month-End Close Checklist

Many say humans are “creatures of habit” and prefer routines, especially accountants. Those habits and routines may exist in our personal lives, professional lives, or both. As a business owner, establishing sound habits and routines…

Lutz adds McKenzie Bruce as Staff Accountant

Lutz adds McKenzie Bruce as Staff Accountant

Lutz, a Nebraska-based business solutions firm, welcomes McKenzie Bruce to its Omaha office. McKenzie joins Lutz’s tax and client accounting services departments as a Staff Accountant…

5 Ways to Help Recruiters Find Your Resume

5 Ways to Help Recruiters Find Your Resume

Navigating the current job market can be challenging and uncertain. With unemployment on the rise in many areas of the country, it’s more important than ever to devise an effective job-hunting strategy to get you noticed in a…

Understanding Farm Income Averaging

Understanding Farm Income Averaging

In the farm industry, you quickly learn that farming incomes can fluctuate a great deal from year to year. Yields are affected by many elements outside of your control, such as drought, insect infestations…

The Pitfalls of Income Investing

The Pitfalls of Income Investing

As people advance toward retirement, their investment objectives inevitably shift. During their working years, the goal is to build wealth. By forgoing some consumption today, investors accumulate future spending power…

Is This Spam?

Is This Spam?

Can you tell the difference between a regular email and spam? With many of us operating multiple email accounts, those for personal use and work, most of us can agree that it’s difficult to manage our inbox properly…

Salary vs. Distribution: Effect on Valuations

Salary vs. Distribution: Effect on Valuations

One of the indisputable benefits of owning a private company is the ability to determine your own compensation. Whether this compensation comes in the form of salary, bonus, owners’ perquisites or distributions…

Lutz Announces 2020 Senior Promotions

Lutz Announces 2020 Senior Promotions

Lutz, a Nebraska-based business solutions firm, recently announced the promotion of 12 professionals to Senior level positions. Congratulations to…

July Retirement Plan Newsletter 2020

July Retirement Plan Newsletter 2020

This month’s Retirement Plan Newsletter contains insights on fee imbalances, communicating with employees, proper documentation of retirement plan committee meetings, and more…

Lutz Announces 2020 Manager Promotions

Lutz Announces 2020 Manager Promotions

  LUTZ BUSINESS INSIGHTS  Lutz announces 2020 manager promotions Lutz, a Nebraska-based business solutions firm, recently announced the promotion of 16 professionals to Manager positions. Jim DeBoer has been promoted to Service Manager in Lutz’s Tech division. He is...

Quarter in Review + Financial Market Update + 6.30.2020

Quarter in Review + Financial Market Update + 6.30.2020

As we get ready to roll into July, it’s hard to believe we are already at the midpoint of 2020. It has been a tale of two quarters so far this year, as one of history’s most vicious selloffs stopped on a dime and transitioned into a record-setting…

Starting a Business in 2020? Your Accounting Options

Starting a Business in 2020? Your Accounting Options

Before your new business even makes its first sale, you need to know how you’re going to meet your accounting needs. You should select a system that will suit you in the early days of your venture and will also allow you to handle growth…

Lutz Launches Risk Assessment Service Line

Lutz Launches Risk Assessment Service Line

Lutz, a Nebraska-based business solutions firm, recently announced a new service offering, Risk Assessment. Offerings include compliance and operational risk reviews, as well as physical security, cybersecurity, and fraud risk assessments…

Quarter One Middle Market M&A Report 2020

Quarter One Middle Market M&A Report 2020

After a record level of M&A activity in the last decade, the deal pipeline is slowing down as transaction participants are trying to assess the disruptions caused…

5 Technology Tips for Working Remote

5 Technology Tips for Working Remote

The impact of COVID-19 has been felt all over the world. To keep businesses running, most companies have implemented the capabilities for users to work remotely…

Am I Ready to Sell My Business?

Am I Ready to Sell My Business?

When is the right time to exit your business? There is never a clear answer to this question. However, whether you are considering a business sale or not, it’s…

A 100-Year Bet Gone Bad

A 100-Year Bet Gone Bad

Back in 1997, the markets were roaring. The Dow Jones industrial average was completing its third straight year of 20-percent-plus returns, essentially…

May Retirement Plan Newsletter 2020

May Retirement Plan Newsletter 2020

This month’s newsletter contains insights on student loan assistance programs, ERISA 404(c) compliance, how to prepare for an audit, and more…

Are You Ready for a Career Change?

Are You Ready for a Career Change?

If you’re not satisfied with your job, it may lead to unhappiness in other areas of your life. Changing careers is a huge step, and it can seem daunting, but it doesn’t…

The Humanity of Accounting

The Humanity of Accounting

Accounting has been around and in use since the beginning of human existence. Early forms were primitive, but by the time of the…

April Retirement Plan Newsletter 2020

April Retirement Plan Newsletter 2020

This month’s newsletter contains insights on the new tax credit for plan participants, employee education, key decisions for a successful retirement, and more…

SIGN UP FOR OUR NEWSLETTERS!

We tap into the vast knowledge and experience within our organization to provide you with monthly content on topics and ideas that drive and challenge your company every day.

Toll-Free: 866.577.0780  |  Privacy Policy

All content © Lutz & Company, PC

OMAHA

13616 California Street, Suite 300

Omaha, NE 68154

P: 402.496.8800

HASTINGS

747 N Burlington Avenue, Suite 401

Hastings, NE 68901

P: 402.462.4154

LINCOLN 

115 Canopy Street, Suite 200

Lincoln, NE 68508

P: 531.500.2000

GRAND ISLAND

3320 James Road, Suite 100

Grand Island, NE 68803

P: 308.382.7850