Lutz gives back + 12 days of lutzmas 2020

Lutz gives back + 12 days of lutzmas 2020

The “12 Days of Lutzmas” is a unique tradition that is designed to provide our employees with 12 different opportunities to give back during the holiday season…

Paycheck Protection Program Updates

Paycheck Protection Program Updates

The Consolidated Appropriations Act (CAA) passed at the end of December 2020 contained language reopening the Paycheck Protection Program…

How to Mitigate the Risk of a Bad Hire

How to Mitigate the Risk of a Bad Hire

Hiring an outstanding employee is important for any company interested in scaling its operations. Sometimes, such employees are not a fit on paper…

Do independent contractors pay taxes?

Do independent contractors pay taxes?

If 2020 is the first year you’ve had to work as an independent contractor, you’re not alone. The pandemic has forced many Americans to take…

Lutz Launches Data Analytics & Insights Service Line

Lutz Launches Data Analytics & Insights Service Line

Lutz, a Nebraska-based business solutions firm, recently announced a new service offering, Data Analytics & Insights. Offerings include data visualization, data and statistical analytics, analytics strategy…

7 Tips to Enhance Your Nonprofit’s Chart of Accounts

7 Tips to Enhance Your Nonprofit’s Chart of Accounts

Nonprofits have it hard. Sure, they don’t have to pay taxes, but that tax-exempt status comes with a price: increased levels of responsibility to the general public. The focus, then, of their financial accounting…

QuickBooks Online for Nonprofits

QuickBooks Online for Nonprofits

As a nonprofit, minimizing your overhead expenses is essential. And while you may have very specialized accounting needs, a full-time bookkeeper might not be in your budget…

24‐Hour Stay Rule: Bill LB 783

24‐Hour Stay Rule: Bill LB 783

Those living in Nebraska and involved with ambulatory surgery centers (ASC) likely know about Bill LB 783, a major change to ASCs. Before this bill, ASCs in Nebraska had a length of stay requiring…

Take me to “The Cloud”

Take me to “The Cloud”

Cloud hosting is a great avenue for businesses that are looking for increased security, flexible work environments, and instant scalability. In this presentation…

Microsoft Office 365 Virtual Tour

Microsoft Office 365 Virtual Tour

There’s always a better way of doing things, and it all starts with the applications and programs you are utilizing. In this presentation, Alex Lutz and Steven Brabec…

Completing an M&A Deal 101

Completing an M&A Deal 101

When it comes to selling a company, the business owners really should ask themselves – “Why would someone acquire my company? What are they really purchasing?..

Lutz Announces 2021 Lutz Learning Live Schedule

Lutz Announces 2021 Lutz Learning Live Schedule

Lutz, a Nebraska-based business solutions firm, is excited to announce its 2019 Lutz Learning Live seminar schedule! Lutz Learning Live is a series of free educational programs that offer up-to-date information…

What You Need to Know About Forming an ESOP

What You Need to Know About Forming an ESOP

Business owners sometimes overlook the option of selling their company to an Employee Stock Ownership Plan (ESOP). Although this option may not be right for all businesses, it can be a very attractive…

Year-End Tax Update & Strategies + 11.10.20

Year-End Tax Update & Strategies + 11.10.20

Though there aren’t many days left in 2020, you still have time for a quick review of your financial situation. In this presentation, Lutz experts Jeremy Evans and Tyler…

Financial Statements 101

Financial Statements 101

Your balance sheet details your assets, liabilities, and owners’ equity, as well as provides a snapshot of your financial status. Data pulled from your financial statements can be used…

ImagiNE Nebraska Act Recording

ImagiNE Nebraska Act Recording

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. This Act aims to encourage high-wage…

Agriculture Tax Cuts & Jobs Act (199A) Update

Agriculture Tax Cuts & Jobs Act (199A) Update

The Tax Cuts and Jobs Act of 2017 contains numerous provisions that impact the agriculture industry. No provision has created more uncertainty and questions than IRC Section 199A…

Accounts Payable Module for QuickBooks Desktop

Accounts Payable Module for QuickBooks Desktop

This presentation covers billable expenses, use of items, use of purchase orders, reporting tips, and how to use vendor invoices for the accounts payable module for QuickBooks Desktop…

Payroll Module for QuickBooks Desktop

Payroll Module for QuickBooks Desktop

This presentation covers employee setup, payroll item setup, state wage considerations, payroll liabilities, and reporting tips for the payroll module for QuickBooks Desktop…

QuickBooks Desktop Overview

QuickBooks Desktop Overview

This presentation covers a general overview, new features, navigation tips, and reporting tips for QuickBooks Desktop…

Paycheck Protection Program + Loan Forgiveness

Paycheck Protection Program + Loan Forgiveness

The Paycheck Protection Program (PPP) is designed to provide a direct incentive for small businesses to keep their workers on their payroll by offering financial assistance through a loan…

Physician’s Compensation

Physician’s Compensation

As often as the healthcare world is changing, updating physician compensation agreements tends to be further down on the to-do list. Just how often is it necessary to evaluate…

QuickBooks Online Overview

QuickBooks Online Overview

This presentation covers a general overview, banking center and receipt capture, new features, and reporting tips for QuickBooks Online…

Risk and Return + Financial Market Update + 11.17.20

Risk and Return + Financial Market Update + 11.17.20

When we advise clients about their investments, we always look at it through a lens of weighing risk & return. Take more risk, and one should expect higher rates of return. We believe that these two factors will…

Understanding Capital Gains Tax

Understanding Capital Gains Tax

To understand capital gains tax and how it may apply to you, it is crucial to first know what qualifies as a capital gain. A capital gain occurs when…

E/M Changes for 2021

E/M Changes for 2021

The Centers for Medicare & Medicaid Services (CMS) launched their “Patients Over Paperwork” Initiative to reduce unnecessary burden, increase efficiencies…

Lutz adds Nine Staff Accountants

Lutz adds Nine Staff Accountants

Lutz, a Nebraska-based business solutions firm, recently added nine staff accountants to its Omaha and Grand Island offices…

Autocomplete Passwords: Are They Safe?

Autocomplete Passwords: Are They Safe?

Passwords are the bane of many people’s existence. They’re inconvenient and often hard to remember. However, they are often the only protection our accounts have from cyber-criminals…

How to Reconcile Your Accounts in QuickBooks

How to Reconcile Your Accounts in QuickBooks

There’s something satisfying about checking off transactions as you reconcile a bank account. The hard part is making those two numbers match when you’re finished – and that’s why many businesspeople avoid it…

Benefits of Temporary Staffing During Times of Crisis

Benefits of Temporary Staffing During Times of Crisis

Economic crises bring adverse effects on businesses, sometimes forcing them to downsize, cut employee hours, or impose a hiring freeze. This mostly happens when it’s not known how long an emergency will last…

Lutz adds Tony DeSantis to its Consulting Division

Lutz adds Tony DeSantis to its Consulting Division

Lutz, a Nebraska-based business solutions firm, welcomes Tony DeSantis to its Omaha office. Tony DeSantis joins Lutz’s consulting division and will be leading the charge for the firm’s data analytics and insights…

Get Your Budget on Track With These 8 Tips

Get Your Budget on Track With These 8 Tips

Have you avoided creating a budget because it’s too hard to predict future income and expenses? The process can be challenging, but it’s easier if you approach it with the right mindset and tools…

What is the Form 1099-NEC?

What is the Form 1099-NEC?

Form 1099-NEC is used to report Non-Employee Compensation payments previously reported in Box 7 on a Form 1099-MISC. 2020 Due Date: February 1, 2021, as January 31, 2021, falls on a…

Lutz adds Tyler Hohenstein as Senior Accountant

Lutz adds Tyler Hohenstein as Senior Accountant

  LUTZ BUSINESS INSIGHTS  Lutz adds Tyler Hohenstein as Senior Accountant Lutz, a Nebraska-based business solutions firm, welcomes Tyler Hohenstein to its Grand Island office. Tyler joins Lutz’s tax department as a Senior Accountant. He is responsible for providing...

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…

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