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...
Lutz Tech adds Hinrichs and Sheridan in Central, NE
Lutz, a Nebraska-based business solutions firm, recently added Tyler Hinrichs and Brenden Sheridan to its Tech division in its Central Nebraska offices…
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…
Lutz M&A Advises Midwest Scaffold Service on its Sale to Sunbelt Rentals
Lutz M&A announced that it served as exclusive financial advisor to Midwest Scaffold Service (“MWSS” or the “Company”), in connection with its acquisition by Sunbelt Rentals, a wholly owned subsidiary of Ashtead Group (LSE:AHT)…
September Retirement Plan Newsletter 2019
This month’s newsletter contains insights on index funds, student loan contribution programs, borrowing against your retirement plan, and more…
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?
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…
How to Answer These 4 Frequently Asked Interview Questions
Whether you are fresh out of college or a seasoned professional, interviews can be nerve-wracking. You may be nervous that an interviewer might throw you a curve ball question and you won’t know how to answer it…
Why the Planning Phase of a Financial Statement Audit is Important
The word audit is often dreaded for many companies; however, if properly prepared, a financial statement audit can provide many benefits to a Company…
Family Office Millennial Educational Series: Financial Literacy Basics
This is the first session of our Family Office Millennial Educational Series – Financial Literacy Basics: The Beginner’s Guide. Nick Hall and Josh Jenkins of Lutz Financial cover savings plans…
How Microsoft Office 365 Can Optimize Business Processes
When owning a business, there are many things to manage in a small window of time. From figuring out your finances to managing your employees, juggling everything can be a difficult task to accomplish..
Lutz Named a “Top 100 Firm” and “Best of the Best” by INSIDE Public Accounting
INSIDE Public Accounting (IPA) recently announced their annual financial performance analysis and ranking of the nation’s largest public accounting firms. This year, Lutz made it’s second appearance…
Lutz Promotes Pugh to Shareholder
Lutz, a Nebraska-based business solutions firm, has promoted Taylor Pugh, CPA, to Audit Shareholder in Lutz’s Omaha office…
Lutz adds Melissa Adams and Connie Harrison
Lutz, a Nebraska-based business solutions firm, recently added Melissa Adams and Connie Harrison to its Omaha office…
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?
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, a Nebraska-based business solutions firm, welcomes Mark Otte to its M&A division in the Omaha office…
Smart User Management Key to Data Security
Accounting data is some of the most sensitive information your company manages. Make sure you’re protecting it…
Englund a Recipient of Hastings Young Professional 30 Under 30ish Award
Lutz, a Nebraska-based business solutions firm, is proud to announce that Ashley Englund has been named a Hastings Young Professional’s 30 Under 30ish award winner…
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
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…
Lutz Announces Associate + Coordinator Promotions
Lutz, a Nebraska-based business solutions firm, has promoted Courtney Russell and Cara Williams in Lutz’s Omaha office…
3 Things a Business Plan Can Do for You
If the thought of creating a business plan is intimidating, think about the many benefits of having one…
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…
Lutz Promotes 15 to Senior Positions
Lutz, a Nebraska-based business solutions firm, has promoted 15 professionals to Senior positions…
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…
Health Resources & Services Administration: The Impact on Rural Health
The Health Resources and Services Administration (HRSA), an agency of the U.S. Department of Health and Human Services, is the primary federal agency for improving health care for people who are…
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
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
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…
Travel Expenses Out of Control? Add an App
If your travel expense report needs are too great for QuickBooks, you can add an integrated app to accommodate them…
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
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, a Nebraska-based business solutions firm, has promoted six professionals to Manager positions. Congratulations to Merrick, Mark, Brandi, Katie, Tracy and Kayla…
July Retirement Plan Newsletter 2019
This month’s newsletter contains insights on how to stay on top of your responsibilities and liabilities this summer and more…
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…
Everything You Need to Know About the New Farm Bill
Those in farming and various other businesses tied to agriculture may experience some changes due to the 2018 farm bill, depending on their specific operation. The formal name for this bill is the…
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…
Being Mindful of the Social Security Tax Torpedo & Medicare Surcharges
Social Security and Medicare are programs often at the forefront of retirees’ minds. The claiming strategies and rules can be very confusing for the average person. To complicate matters, timing decisions on…
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, 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
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
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
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, 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…
Lutz adds Clites, Goscha and Taylor as Staff Accountants
Lutz, a Nebraska-based business solutions firm, welcomes Michiko Clites, Hannah Goscha and Steven Taylor to the Omaha office…
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…
Socially Responsible and Environmentally Sustainable Portfolios
An increasing number of investors are looking for ways to align investment decisions with their own values and philosophies. As a citizen, you can express your political preferences around sustainability and other social…
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
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…
Lutz adds Katy Doyle as Lutz Talent Recruiter
Lutz, a Nebraska-based business solutions firm, recently added Katy Doyle to its Lutz Talent division in Omaha. Katy joins Lutz Talent as a Recruiter…
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
“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
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
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
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, 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…
June Retirement Plan Newsletter 2019
This month’s retirement plan newsletter contains insights on the evolving workscape, millennials saving for retirement, and more…
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
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, 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…
Lutz adds Kelly Prokupek as Talent Acquisition Assistant
Lutz, a Nebraska-based business solutions firm, recently added Kelly Prokupek to its Talent division in the Omaha Office…
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…
CMS Survey & Certification Emergency Preparedness Initiative
Following the devastating experiences by health care facilities during Hurricanes Katrina and Rita, the Centers for Medicare & Medicaid Services (CMS) Survey and Certification (S&C) Group established a series of internal…
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
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…
2019 Tax Return: Why You Should Prepare Early & How To Do It
Filing your taxes isn’t always simple and enjoyable. For this reason, many people tend to put them off as long as possible. Unfortunately, delaying your tax preparation will only hurt you in the end…
Creating a Product Record in QuickBooks
If you buy and sell items, you need capable inventory management tools to track them. QuickBooks provides a solid base with its product record templates…
May Retirement Plan Newsletter
This month’s newsletter contains insights on ways to increase employee retirement contributions, investment options, reasons to roll into your employer’s plan vs. an IRA, and more…
Family Meetings + Strengthening the Bonds That Bind
We’ve all heard the saying, “The key to a good relationship is communication”. This is especially true for families who want to perpetuate their wealth and values over multiple generations. Research has shown that most…
EBITDA Adjustments + 5 Expense Categories You Should Review
When assessing how to value a business for an M&A deal, buyers will typically focus on adjusted EBITDA as their primary metric. This is simply reported EBITDA, with normalizing adjustments for expenses that are…
Lutz Announces Future Move in Lincoln, Nebraska
Lutz, a Nebraska-based business solutions firm, has announced it will be relocating its Lincoln office to the second floor of the new “Olsson Building South” on 115 Canopy Street in January of 2020…
Everything You Need to Know About the Yield Curve
In recent weeks the financial markets have displayed a traditional warning sign that has garnered significant attention. Widely viewed as one of the most reliable and accurate predictors of an economic slowdown…
Lutz M&A Advises eX² Technology on its Recapitalization by Columbia Capital
Lutz M&A announced that it served as exclusive financial advisor to eX² Technology (eX²) in connection with its recent recapitalization by Columbia Capital (Columbia). Columbia is private equity group based in Virginia…
A Recipe for Job Happiness
For most of us, “work” is a necessary part of life. Some people live to work; dedicating much of their waking effort towards a chosen career path. Others work to live; putting forth just enough effort to generate a stable income…
5 Tips for Effective Business Writing
When Albert Einstein is mentioned, most people think of genius or science, rather than simple and writing. However, Einstein gave us some important advice for business writing when he said, “If you can’t explain something simply…
Lutz Recipient of 2019 Corporate Leadership Award
Lutz, a Nebraska-based business solutions firm, is excited to be named the winner of the 2019 Corporate Leadership Award by the Dean’s Advisory Board at the University of Nebraska-Lincoln College of Business…
What Your IT Helpdesk Technician Wants You to Know
When you need assistance from a professional IT helpdesk technician, you want need the experience to be as short and as productive as possible. If you follow these five basic tips, you’ll give your IT technician a fantastic starting…
Lutz Financial Surpasses $1 Billion in Assets Under Management
Lutz Financial, an SEC Registered Investment Advisor and affiliate of Lutz, has announced that it recently surpassed the $1 billion threshold for assets under management…
Issues During the Due Diligence Process in M&A Transactions
Completing a due diligence analysis is a critical step in the M&A process. Due diligence is conducted to validate value proposition assumptions, evaluate strategic and financial risks, and support deal decision…
What is a Family Office?
Modern family offices have been in existence since the late 19th century when John D. Rockefeller decided he needed a professional team to manage his wealth. The complexity of the financial landscape, coupled with…
April Retirement Plan Newsletter
This month’s newsletter contains insights on rolling over into your retirement plan vs. your IRA, a tax savers credit reminder, and more…
HRM in a Changing Environment + Benefits of Temporary Staffing
On the most basic level, HR is involved in recruiting, hiring, benefits, compensation, training, employee relations, terminations – just about anything that involves employees and their work lives…
Does Your Company Need a Business Valuation?
If you use QuickBooks or you’re a power Excel user, you know you can create reports that provide tremendous insight into your company’s financial status. They can tell you what you own and what you owe down to the tiniest detail…
Say-On-Pay Rule: Study Shows Shareholder Votes May Not Matter
A recent study found that CEO compensation at large public companies has continued to increase despite the “say-on-pay” rule that went into effect in 2011. But corporate research firm Equilar also found that, when a company fails…
Exploring Segment Reporting Alternatives
In February, the Financial Accounting Standards Board (FASB) discussed its ongoing project to improve how companies provide information around business segments. This article outlines the status of this project and possible…
Close-Up on Materiality
The Auditing Standards Board (ASB) has been working on a project to amend its definition of “materiality.” This article explains the subtle differences between the international standards and U.S. standards that are currently…
State Income Tax for Businesses and Individuals
Attendees will learn about state income tax issues relevant to Nebraska based businesses and their owners. This presentation, led by Russ Smith, includes a discussion of business income tax topics such as…
Financial Compliance Check-Up
Now that winter is here, what better way to spend some additional time indoors than doing a winter healthcare financial compliance checkup. In this webinar…
Revenue Cycle
As Healthcare institutions, we hear a lot of talk surrounding the Revenue Cycle. This presentation, led by Amy Evanich and Claire Thelen, will discuss helpful hints to help ensure your revenue cycle is operating…
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