LUTZ BLOG
Accounting, consulting, financial, technology, merger and acquisition, and staffing articles, tips, and news.
Lutz adds Zach Koester and Lauren Meyers
Lutz, a Nebraska-based business solutions firm, welcomes Zach Koester and Lauren Meyers to its Omaha office…
Common Behavioral Biases and How to Overcome Them + Financial Market Update + 6.15.21
A powerful tool investors can use to avoid the damaging effects of behavioral biases is a financial plan. Establish a strategy in advance…
Funding Opportunity + Rural Health Clinic VAccine Confidence (RHCVC) Program
Medicare-certified RHCs and organizations that own and operate Medicare-certified Rural Health Clinics can apply through 6/23/2021…
Rural Health Clinic COVID-19 Testing and Mitigation (RHCCTM) Program
On June 10th, HRSA through the American Rescue Plan Act of 2021 (ARPA) started to distribute to eligible RHCs a flat payment amount…
HHS Releases Updated PRF Reporting Requirements and Timeline
On June 11, 2021, HHS through HRSA issued revised PRF reporting requirements and updated FAQs. Highlights include…
Tips for Staying Connected with Your Accountant During Virtual Times
From meetings to exchanging documents, technology provides simple solutions for staying connected with your accountant virtually…
Lutz Financial Named an Accounting Today 2021 Wealth Magnet
Lutz Financial was recently named one of Accounting Today’s 2021 Wealth Magnets: Top 150 Firms by Assets Under Management (AUM)…
6.30.21 | Stark Regulation Updates + Physician Compensation Compliance Strategies | Webinar
In this webinar, we discuss Stark regulation updates and how the changes will affect your physician compensation models…
The Return of Meme Stock Mayhem + Financial Market Update + 6.8.21
Meme Stocks are once again making headlines. While they have been generating significant buzz, are they actually worth your attention…
June Retirement Plan Newsletter 2021
This month’s newsletter contains insights on 401(k) match for student loans, online security tips, and more…
Lutz adds Brodie Case and Dawn Wessling to Omaha Office
Lutz, a Nebraska-based business solutions firm, welcomes Brodie Case and Dawn Wessling to its Omaha office…
Torn Between Job Offers? 4 Things to Consider
When you have two job offers on the table, choosing the right one to accept can be challenging. To make an informed decision, you need to have…
Visualize Key Data Through Dashboards
Through dashboards, you can visualize a dynamic snapshot of a number of key data points, effectively summarizing the critical information…
What to Do if Your Business Suffers a Data Breach
Data breaches are becoming more common and increasingly expensive. Once your business suffers a data breach, you may spend a considerable amount of time and resources…
7.14.21 | Financial Statements for Nonprofits | Webinar
In this seminar, Lutz experts will take participants through the basics of understanding and using financial statements in a nonprofit…
Quarter One Middle Market M&A Report 2021
Deal volume in the lower middle market surged in Q1-2021. COVID-19 has served as a catalyst for the acceleration of trends across sectors…
Nobody Talks About Rick Anymore?
In the 1970s Warren Buffett and Charlie Munger had another partner named Rick Guerin. Here’s what he can teach you about market patience…
Why a Pause in Market Gains is a Good Thing + Financial Market Update + 5.25.21
Any way you slice it, a slowdown in the pace of market gains is probably a good thing. Most metrics suggest the market looks expensive…
The Inflation Debate Explained + Financial Market Update + 5.18.21
An intense debate has been raging in the markets centered on whether the economy is entering a new regime of persistently higher inflation…
Job Interviews During a Pandemic: What We’ve Learned
COVID-19 has changed the way we conduct/attend job interviews. Here are five things that pandemic interviews have taught us…
Resilient Family Capital
High-functioning families of wealth take a broad view of family capital, realizing the concept refers to so much more than just financial wealth. These successful enterprises are rich in family capital…
How QuickBooks Helps Independent Contractors With Invoicing
If you are an independent contractor and need to send invoices, QuickBooks provides the best tools for this task…
5 QuickBooks Desktop Training Tips for Beginners
New software that you will use to track your company’s finances is especially intimidating. QuickBooks was designed for small businesses like yours…
Ignoring the Market’s Mood Swings + Financial Market Update + 5.11.21
Investors have a tendency to allow market movements to sway their investment outlook. When prices are rising, they become more optimistic and view the market as more attractive..
May Retirement Plan Newsletter 2021
This month’s retirement plan newsletter contains insights on tactics to increase retirement plan participation, ERISA definitions, and more…
Highlights from the Berkshire Hathaway Meeting + Financial Market Update + 5.4.21
Here are some of the top takeaways from the 2021 Berkshire Hathaway meeting: Greg Able confirmed as the heir apparent; Bitcoin, Robinhood…
5.5.21 | Am I Ready to Sell My Business? | Recording
When is the right time to exit your business? Whether you are considering a business sale or not, it’s important to understand your options…
6.2.21 | Modernizing Customer Relationship Management with Software | Webinar
In this presentation, Ryan Wade of Lutz Tech will highlight the benefits of modern ERP and CRM systems and what you need to know before choosing a solution…
Restaurant Revitalization Fund (RRF) + Application Opening Announced
The U.S. Small Business Administration announced that registration for the $28.6 billion Restaurant Revitalization Fund will begin on Friday, April 30, 2021…
6 Common Causes of Job Dissatisfaction and How To Overcome Them
Job dissatisfaction can cause physical and mental health problems such as insomnia, excessive worrying, and even depression. Fortunately, finding a solution may be easier than you think…
7.28.21 | Best Practices for Creating & Adopting a Remote Work Policy | Webinar
In this presentation, Lutz experts will offer tips and considerations for businesses looking to adopt or enhance their remote work policies to ensure employees, employers, and the organization…
8.4.21 | Office 365 Spotlight: OneNote | Webinar
This webinar will cover the features and benefits of OneNote and how your business can best leverage its innovative multi-media sharing functionalities…
Life-Altering Innovation with Subpar Returns + Financial Market Update + 4.20.21
New innovation has an exceptional ability to capture the imagination of investors. The prospect of hitting it big, coupled with the feeling that…
Update + Restaurant Revitalization Fund
The US Small Business Association (SBA) recently updated its website to provide additional details on the Restaurant Revitalization Fund (RRF)…
5 Microsoft 365 Tools You Didn’t Know About
This post focuses on five Microsoft 365 tools that some companies may not know about that can allow employees to work smarter and become more efficient…
10.6.21 | Office 365 Spotlight: Excel | Webinar
This webinar will cover the common features and benefits of Excel as well as tips and tricks for utilizing some of its more complicated components to optimize your business’s data…
12.15.21 | Office 365 Spotlight: Planner | Webinar
This webinar will cover the features and benefits of Planner and offer tips your team can utilize to better communicate, collaborate, and stay organized through this tool…
How to Transition a Temporary Employee to a Permanent Position
LUTZ BUSINESS INSIGHTS How to Transition a Temporary Employee to a Permanent Position CHRIS BOUCHARD, DIRECTOR OF TALENT ACQUISITION When you need short-term workers, you may find it beneficial to hire temporary staff. With time, you may consider...
Earnings Season is Set to Begin + Financial Market Update + 4.13.21
Earnings season will kick off this week, with a handful of the big banks reporting results for the 1st quarter. The narrative in the market in recent months has been that progress…
April Retirement Plan Newsletter 2021
This month’s retirement plan newsletter contains insights on investment policy statements, 401(k) plan tax credits, retirement plan committee activities, and more…
4 Ways Mobile Apps are Changing Personal Finances
Financial apps today can help you invest, create budgets, and transfer money. Here’s how mobile apps are transforming personal finances…
8 Ways to Optimize your Business Plan’s Financial Projections
Your financial projections are key elements of your company’s business plan. How can you make them the best they can be?..
20 Risk Management Terms Explained
A risk management plan enables you to strategize tactics to help avoid potential threats. This blog will take a deep dive into the most common terms used during the risk management process…
What is a Comprehensive Risk Assessment? Does My Company Need One?
Risk management helps companies prepare for unanticipated future occurrences. To start managing your risk, you will need to conduct a comprehensive risk assessment…
4.14.21 | Office 365 Spotlight + Microsoft Power Platform | Recording
Microsoft’s Power Platform highlights some of its most robust tools including PowerBI, PowerApps, Power Automate and Power Virtual Agents, which allow organizations to more effectively…
Case Study: OHARCO + Lutz M&A
From initial negotiation, to signing the letter of intent and completion of the transaction, Lutz M&A served as a trusted advisor providing valuable advice and recommendations…
Shovel-Ready Capital Recovery & Investment Act for Nonprofit Organizations
The Shovel-Ready Capital Recovery and Investment Act (LB566) intends to provide grants to qualified nonprofits to assist with capital projects…
12.4.2019 | Year-End Planning Strategies & Updates | Recording
Though there aren’t many days left in 2019, you still have time for a quick review of your financial situation. This seminar covers current tax law updates…
3.30.21 | American Rescue Plan Act + How Will it Affect Me? | Recording
This presentation will provide an overview of the American Rescue Plan Act and how it could affect businesses and individuals…
Should You be Concerned About the recent Rise in Bond Yields? + Financial market Update + 3.30.21
Here are a few reminders for how bonds work, how you can mitigate interest rate risk, and how investors should think about their bond allocations moving forward…
5 Reasons Your Business Needs an Expense Policy and How to Implement One
If any of your employees incur travel expenses, you need a well-crafted, workable expense policy. This is the best way to keep travel expenses down…
3 Ways to Show Appreciation to Employees
Employee recognition leads to greater morale and happiness at work. Here are three tips your organization can use to incorporate more recognition in the workplace…
5 Things to Consider When Choosing a Payroll Processing Vendor
Outsourcing payroll processing to an outside provider can be a good solution. If you are considering that route, there are several things you should consider about vendors…
Accounting Today Names Lutz a 2021 Top 100 Firm and Regional Leader
Lutz has been named a 2021 Top 100 Firm by Accounting Today. This is the third consecutive year that Lutz has been named to the list…
Why You Should Have a Business Continuity Plan in Place
A business continuity plan (BCP) details procedures and processes designed to help maintain operations or restore them as quickly as possible in the event of significant disruption…
Lutz adds Riley Knight as Project Engineer
Lutz, a Nebraska-based business solutions firm, welcomes Riley Knight to its Lutz Tech division in its Omaha office…
Lessons from the COVID Crash + Financial Market Update + 3.23.21
On this day one year ago, the stock market reached the lowest point during the pandemic-related crash. From the all-time high set the month prior, the S&P 500 fell roughly 34%…
Restaurant Revitalization Fund (RRF)
The American Rescue Act, passed on March 10, 2021, includes $28.6 billion in direct aid for the restaurant industry to be distributed by the SBA. Eligible businesses can receive a tax-free federal grant…
New Stimulus Package Signed Into Law
President Biden signed the American Rescue Plan Act last week, which is the third major piece of legislation targeting the COVID-19 pandemic. It contains several tax provisions that impact…
March Retirement Plan Newsletter 2021
This month’s retirement plan newsletter contains insights on investment refresh, excessive fee litigation, QDIA, and more…
Rising Rates, Inflation & the Fed + Financial Market Update + 3.16.21
The Fed has previously articulated its belief that inflation pressures are transitory. It will maintain some of its non-traditional measures of accommodative policy (bond purchases) and maintain interest rates…
3.17.21 | Office 365 Spotlight: SharePoint | Recording
This presentation will cover the features and benefits of SharePoint and how businesses can integrate and utilize its core capabilities…
Managing a Nonprofit? Avoid These 7 Accounting Mistakes
Following the right accounting practices and rules is just as important for a nonprofit as it is for a for-profit organization. When a nonprofit organization has its books in order…
How to Create Better Teams Using the CliftonStrengths Assessment
One way to create better teams within your company is to use Gallup’s CliftonStrengths assessment. CliftonStrengths, a Web-based assessment consisting of 177 items…
QuickBooks Online Vs. QuickBooks Desktop: What’s the Difference?
QuickBooks Online is not simply a web-based version of QuickBooks Desktop. Yes, they’re both designed for small business owners…
Lutz adds Theresa Keenan and Haley Svendgard
Lutz, a Nebraska-based business solutions firm, welcomes Theresa Keenan and Haley Svendgard to its Omaha office…
2.10.2021 | Office 365 Spotlight + OneDrive | Recording
In this presentation, Lutz Tech experts cover the central features and benefits of using Microsoft OneDrive in your organization…
1.13.21 | Office 365 Spotlight + Microsoft Teams | Recording
In this presentation, Jack Moylan and Jessica Murray of Lutz Tech help you understand the features of Microsoft Teams so you can better collaborate with your co-workers…
1.19.21 | Generation Z Entering the Workforce | Recording
In this presentation, Stephanie Hand and Chris Bouchard cover what to expect as Gen Z enters the workforce…
3.3.21 | Financial Market Update | Recording
In this presentation, Josh Jenkins and Justin Vossen of Lutz Financial analyze the current state of the markets and examine thoughtful approaches to investing…
Quarter Four Middle Market M&A Report 2020
Deal volume in the lower middle market continued its strong rebound in Q4-2020 with deal count for the quarter reaching 10-year highs…
1.26.2021 | Second Round COVID-19 Stimulus Package | Recording
Included in the Consolidated Appropriations Act, 2021 signed into law in late 2020 is $900 billion of COVID-19 related relief provisions for individual taxpayers and small businesses…
The Case for International Stocks + Financial Market Update + 3.2.21
In recent years, the US market has consistently outperformed international markets as a whole. Having a large home bias, therefore, has likely contributed to higher returns. Moving forward…
The Wisdom of the Crowd + Financial Market Update + 2.23.21
Rather than searching for those twenty-dollar bills, investors are better served by ensuring proper diversification, managing costs/taxes, and tilting the portfolio to the factors that have been shown…
12.11.2020 | 2020 Stimulus Funding | Recording
LUTZ BUSINESS INSIGHTS 12.11.2020 | 2020 STIMULUS FUNDING + HEALTHCARE | RecordingIn this presentation, Lutz experts discuss important information and updates, as well as answer frequently asked questions on various stimulus funding opportunities.RECENT POSTSSIGN...
Business Process Automation: 6 Things You Need to Know
Company leaders are always on the lookout for ways to increase efficiency and reduce costs. One of the most common ways to achieve both objectives is to leverage business process automation…
4 Data Analytics Tools Your Company Should Be Using
If businesses wonder where they can obtain more information about customer insights, leaks in productivity and efficiencies, and how to increase their revenue, they need to look no further…
Top 4 Staffing Trends for the New Year
2020 was quite a different year in the staffing and recruitment industry. The spread of the COVID-19 virus led to a decline in certain business performances across many industries, leading to downsizing and layoffs…
Employee Retention Credit Provides Significant Benefits for Employers
The Consolidated Appropriations Act (CAA), signed by President Trump in late-December 2020, extended and expanded the Employee Retention Credit (ERC), a refundable payroll tax credit…
The Importance of Rebalancing + Financial Market Update + 2.16.21
The stock market has some serious momentum. After ending last year at an all-time high, the S&P 500 has continued to rally and has closed at a new record…
February Retirement Plan Newsletter 2021
This month’s newsletter contains insights on private equity investments in defined contribution plans, common fiduciary errors, and more…
The Current Financial Health of the American Consumer
Through the third quarter of 2020, personal income per capita has risen to a record. A combination of stimulus money, increases in…
Medicare Bad Debts
Over the years, there have been minimal actual changes to the regulations, manuals, instructions, or other guidance concerning what is allowable and what should or can be claimed for Medicare Bad Debts…
Provider Relief Fund + Where Are We Now?
the Provider Relief Fund (PRF) Reporting Requirements are constantly evolving. Below is an outline of recent changes to the PRF and a summary…
Hospital Financial governance
The hospital board of directors’ role is to serve as the governing body of the hospital. The board is responsible for oversight of the hospital. Board responsibilities include making strategic…
2020 Tax Update
Download the 2020 Tax Update guide that includes 2020 Individual Income Tax Rates, 2020 Tax Reform Overview & Cares Act Updates, and 2020 Business Provisions…
Patience as an Investment Strategy + Financial Market Update + 2.9.21
In an attempt to earn above average-returns, many investors wind up earning below-average returns. Even worse, they must contend with…
The Frenzy in Meme Stocks + Financial Market Update + 2.3.2021
WANT TO RECEIVE FINANCIAL MARKET UPDATES STRAIGHT TO YOUR INBOX?FINANCIAL MARKET UPDATE 2.3.2021 AUTHOR: JOSH JENKINS, CFASTORY OF THE WEEK The Frenzy in Meme Stocks Over the past ten days, I have fielded more questions from friends about stocks than I have in the...
The True Cost of Investing + Financial Market Update + 1.26.21
The stock market’s 10% average return was much higher than what could have been earned on a risk-free investment. Any investor that hoped to…
Accounts Payable Automation: 3 Ways QuickBooks Can Help
Did you resolve to pay bills on time in 2021? Do you have a plan to do that? If you are using QuickBooks, there are three ways you can use automation…
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