New IRS Indexed Limits for 2020

New IRS Indexed Limits for 2020

The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year. The IRS announced this and other changes in Notice 2019-59 (PDF)…

November Retirement Plan Newsletter 2019

November Retirement Plan Newsletter 2019

This month’s retirement plan newsletter contains insights on IRS tips for plan sponsors, reasons to outsource fiduciary services, financial wellness programs, and more…

Lutz adds 14 Staff Accountants

Lutz adds 14 Staff Accountants

Lutz, a Nebraska-based business solutions firm, recently added 14 staff accountants to its Omaha and Lincoln offices…

4 Reasons Why You Didn’t Get the Job

4 Reasons Why You Didn’t Get the Job

Finding a job is a tough process. It can be frustrating to apply for jobs and get rejected, or worse, to never hear anything back at all. There are many reasons why you may not have landed a job…

Spotting IT Risks Before They Become a Problem

Spotting IT Risks Before They Become a Problem

With technology being as vital as it is to business, staying ahead of your IT troubles is an essential step to keeping your doors open. Being proactive with your IT goes a long way to preventing breaches…

2019 OPPS + ASC Proposed Federal Registers

2019 OPPS + ASC Proposed Federal Registers

These highlights are by no means a comprehensive listing of all provisions within the OPPS Proposed Rule, but provide a listing of significant items applicable to multiple facilities…

Rural Health Funding Opportunities

Rural Health Funding Opportunities

The Health Resources and Services Administration (HRSA) and United States Department of Agriculture (USDA) have announced new grant opportunities available to rural hospitals. The grants listed below…

Telehealth and Telemedicine: What You Need to Know

Telehealth and Telemedicine: What You Need to Know

Telehealth and telemedicine have made it so providers and patients have a new way to communicate. Telehealth is defined as the provision of healthcare remotely by means of telecommunications technology…

Virtual Currency + Cryptocurrency

Virtual Currency + Cryptocurrency

The 2019 tax filing season is just around the corner and with that brings potential changes to tax compliance forms. It is anticipated that the IRS will be adding the following question to this year’s forms…

Understanding the Tax Implications of a Business Sale

Understanding the Tax Implications of a Business Sale

Most business sale transactions are structured as ‘asset sales.’ This is where the buyer sets up a new entity that acquires the assets of the selling business. How a business is structured can have significant…

Are We Headed for a Recession?

Are We Headed for a Recession?

Each morning I craft a Market Update email that I share with our advisors. This email provides commentary on what is happening in the markets and the economy. It includes data related to asset class…

October Retirement Plan Newsletter 2019

October Retirement Plan Newsletter 2019

This month’s newsletter contains insights on fiduciary services, auto-enrollment into retirement plans, ways to increase employee retirement contribution participation, and more…

Connecting Talent to the Right Opportunity

Connecting Talent to the Right Opportunity

The labor market is fragmented so much that most of us tend to settle for what comes our way. Often, when talent meets opportunity, it is bliss for both the job seeker and the employer. McKinsey Report shows that…

Family Philanthropy + Creating a Shared Legacy

Family Philanthropy + Creating a Shared Legacy

There’s no denying it: you feel good when you do good.  The brain stimulation that occurs from being charitable is credited for a variety of benefits, including reducing stress, feeling happier…

How Automating Payroll Will Change Your Life

How Automating Payroll Will Change Your Life

You didn’t start a business to learn about compliance with federal and state employee compensation rules. Yet here you are, wearing out your calculator twice a month as you try to stay current with tax tables…

Quarter Two Middle Market M&A Report 2019

Quarter Two Middle Market M&A Report 2019

Despite growing concerns over a potential economic slowdown, middle-market companies fared generally well in the second quarter. During the quarter there were 3,095 announced M&A transactions…

Am I Ready to Retire? Finding Your Sweet Spot

Am I Ready to Retire? Finding Your Sweet Spot

If you could trade places with Warren Buffett, would you do it? While you would immediately be worth billions of dollars, you would also be 88 years-old. Perhaps you would consider trading place…

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…

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