Financial Market Update + 1.21.2020

Financial Market Update + 1.21.2020

By all accounts, 2019 was an excellent year for investors. Unless you hid your cash in your mattress, you likely earned a positive return on investment. Even if you hid your cash, you still didn’t lose money…

5 Tax Tips for Manufacturers

5 Tax Tips for Manufacturers

The manufacturing industry creates millions of jobs for the citizens and pays billions of dollars in taxes to the government. In return, the IRS rewards manufacturers with numerous tax benefits…

Interviewing 101

Interviewing 101

Interviews are a necessary part of the job application process, but they can often feel like a lot of pressure. Even many experienced interviewees still struggle with this portion. The interview is often the first time you’ll meet…

Lutz Gives Back + 12 Days of Lutzmas 2019

Lutz Gives Back + 12 Days of Lutzmas 2019

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…

January Retirement Plan Newsletter 2020

January Retirement Plan Newsletter 2020

This month’s newsletter contains insights on financial wellness and productivity, improving your retirement plan, keeping beneficiary information updated, and more…

The Building Blocks for a Start-Up Business

The Building Blocks for a Start-Up Business

There are so many exciting things to do when starting a business – picking a name, designing a logo, creating a website, etc. Who wants to think about taxes or a business structure?..

Top 5 Cybersecurity Trends for 2020

Top 5 Cybersecurity Trends for 2020

The cybersecurity landscape is changing every day. With hackers devising new ways to target businesses, cybersecurity professionals are constantly finding new strategies to protect your enterprises…

Sales Tax and Reporting Requirement Updates

Sales Tax and Reporting Requirement Updates

Until 2018, the laws on sales tax stipulated that it was only applicable to companies with a physical presence inside the particular state. Simply put, companies were only required to collect taxes…

Financial Fitness for the New Year

Financial Fitness for the New Year

It’s no surprise the most popular New Year’s resolution is to exercise more. After all, the holidays are a time when maintaining a fitness routine is about as easy as navigating the mall parking lot…

Finding the True Value of Your Business

Finding the True Value of Your Business

In a recent survey of business owners, 56% of those surveyed thought they knew what their business was worth, yet only 18% had a valuation analysis prepared…

It’s Time to Review Your Personal Umbrella Policy

It’s Time to Review Your Personal Umbrella Policy

Don’t just think, “that will never happen to me.” That’s how one of my new clients recently responded when I asked the amount of her personal umbrella coverage. She sighed and then proceeded to tell me…

Lutz adds Coleman and Underberg

Lutz adds Coleman and Underberg

Lutz, a Nebraska-based business solutions firm, recently added Emily Coleman and Maddison Underberg to its Lincoln and Omaha offices…

A Beginner’s Guide to Purchasing a Workstation

A Beginner’s Guide to Purchasing a Workstation

In a world where we have technology in the palm of our hands, we can do most things without getting up. Even with this convenience, sometimes things are better or easier to do on a computer…

Quarter Three Middle Market M&A Report 2019

Quarter Three Middle Market M&A Report 2019

U.S. deal volume was strong during the third quarter 2019, with volume rising 1.6% compared to the second quarter 2019. Overall, M&A volume is up year-to-date from both 2018 and 2017…

2019 Year-End Tax Review for the Ag Industry

2019 Year-End Tax Review for the Ag Industry

Curtis Thompson, Lutz Tax Director, was recently featured in the Nebraska Cattleman Magazine, December 2019, Volume 75, Issue 10 on page 42, for an article about 2019 year-end tax reviews relating to the agriculture industry…

Direct vs. Indirect Costs in the Construction Industry

Direct vs. Indirect Costs in the Construction Industry

A new project manager at your construction company is consistently seeing margins deteriorate at the end of their construction projects.  The key question when confronting this situation is to determine if project…

How Does the Business Sale Process Work?

How Does the Business Sale Process Work?

The sale of a business is usually a long journey. Most business owners have never bought or sold a business and have no reference or understanding of what the sale process entails. For reference, The Exit Planning Institute…

4 Ways You Save Money When Working With an Accountant

4 Ways You Save Money When Working With an Accountant

Profitability is one of your primary business objectives. It not only gives your company a lifeline but also helps it to multiply. You might be doing all you can to cut down on your expenses, including maintaining…

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)…

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