LUTZ BLOG
Accounting, consulting, financial, technology, merger and acquisition, and staffing articles, tips, and news.
Barton, Coleman and Hofstetter Transition to Client Resource Roles
Lutz, a Nebraska-based business solutions firm, recently transitioned Andrea Barton, Emily Coleman and Bethany Hofstetter to client resource positions within its firm administration…
QuickBooks Online Series
Through the QuickBooks Online Series recordings, you will receive tutorials on the Accounts Receivable and Banking modules…
Affordable Care Act Health Plan: Very Affordable in 2022 + Financial market Update + 11.16.21
The 2021 American Rescue Plan Act altered the maximum amount a taxpayer must pay on a health policy purchased via the Affordable Care Act…
How to Interpret Financial Ratios
Financial ratios are some of the core tools that companies can use to determine their overall financial health. While financial ratios can uncover positive aspects of a business…
November Retirement Plan Newsletter 2021
This month’s newsletter contains insights on financial wellness, emergency savings, holiday budgeting, and more…
Lutz Financial Partners with AGC Nebraska as Preferred 401(k) Provider
Lutz Financial announces their preferred provider partnership with the Building and Heavy Highway chapters of AGC Nebraska…
Isaac Newton and the South Sea Bubble + Financial Market Update + 11.10.21
Emotions are powerful when it comes to investing. Learn a lesson from Newton’s past mistake. Avoid buying into an inflating bubble…
The Most Important Chart in Investing + Financial Market Update + 11.2.21
There is one chart that if properly understood, could help investors avoid a critical mistake. In my opinion, it is probably the most important chart in investing…
11.23.21 | Q&A: Personal & Business Aircraft Purchase Considerations | Webinar
Buying an aircraft is more attractive than ever due to COVID-19 imposed commercial air travel restrictions and favorable tax laws. If you are considering aircraft ownership…
Top 5 Policies Your Company Should Have Documented
Documenting your company policies can help clarify the foundational workplace principles for your organization while continuing to adjust…
Do I Need a Temporary Hire or Full-Time Employee?
When hiring new employees, it is important to weigh the company’s needs to determine if a temporary or full-time employee is the best choice…
Independent Contractor or Employee? How to Classify Your Workers
When your small business hires a new worker, how do you decide whether that individual is an independent contractor or an employee…
From Higher Earnings to Lower Valuations + Financial Market Update + 10.26.21
After a strong showing in the first half of the year, companies have begun to report results for the third quarter and have largely outperformed expectations…
Lutz Tech adds Jeremy Greenfield and Curt Topf
Lutz recently added Jeremy Greenfield, Senior Project Engineer, and Curt Topf, Business Development Manager, to its Tech division in Omaha…
Lutz adds Staff Accountants to Omaha, Lincoln and Grand Island Offices
Lutz welcomes Bailey Armbruster, Tracy Chvala, Victor Salerno, Claira Thede, Mali Thramer, Ashley Tyler and Ansel Uerling…
12.8.21 | Year-End Tax Update & Strategies | Webinar
In this presentation, Lutz experts will cover current tax law updates, as well as general year-end planning ideas…
Why Cybersecurity Training for Employees Is Critical
Every company is vulnerable to cybersecurity attacks. Since human error is the number one risk, it is best to train employees…
October Retirement Plan Newsletter 2021
This month’s newsletter contains insights on DOL cybersecurity tips, regret aversion, self-directed brokerage accounts, and more…
Effective Cybersecurity Training for Businesses
Cybersecurity training is essential for companies to protect their data and clients. In the long run, diagnosing and fixing vulnerabilities…
COST REPORT PITFALLS
A guiding principle of Medicare cost report preparation is matching – comparing Medicare charges by revenue code to total revenues recorded…
4 Benefits of Augmenting IT Staff With Lutz Tech
We work with your internal IT staff to help your business succeed. Four benefits of augmenting your internal IT staff with Lutz Tech…
What Investors Can Learn From Sports Betting + Financial Market Update + 10.12.21
A major criticism that active stock-pickers levy against a broadly diversified approach is something I’ll call the ‘no losers rule’. Proponents of active stock-picking…
11.10.21 | Non-Profit Tax Update + Form 990 | Recording
Even though tax-exempt nonprofits do not pay federal taxes, they do have to file an information form with the IRS. Form 990 makes sure that nonprofits conduct their business…
6 Bookkeeping Tips to Keep Your Private Practice Healthy
Proper bookkeeping is central to a private practice’s financial wellbeing. Here are six bookkeeping tips to ensure healthy cash flow…
10.6.21 | Office 365 Spotlight: Excel | Recording
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…
Lutz adds Staff Accountants to Omaha, Grand Island and Hastings Offices
Lutz recently added seven staff accountants to its Omaha, Grand Island and Hastings offices. Welcome Elizabeth, Kelsey, Thomas, Alex, Robin…
Managing S-Corp Entities to Maximize Tax Benefits
Lower tax obligation is one advantage of an S-Corporation. Here are key insights to help you maximize tax benefits when managing an S-Corp…
The Fed Announcement Explained + Financial Market Update + 9.28.21
Last week was headlined by the Federal Reserve announcement that followed the September meeting. Several developments that came from…
Build Back Better Act + Impact on High Net-Worth Family Estate Planning
The House released its proposal to pay for the $3.5 trillion Build Back Better Act. The proposed changes could impact your estate planning…
Panic Selling + Financial Market Update + 9.21.21
Equity markets have been under pressure recently, and volatility tends to make investors antsy. Don’t fall victim to panic selling…
“Build Back Better Act” Proposed Tax Changes + How Will You Be Affected?
The House Ways and Means Committee has released important tentative tax changes as part of the proposed “Build Back Better Act…
September Retirement Plan Newsletter 2021
This month’s retirement plan newsletter contains insights on financial wellness, strengthening retirement plan committees, beneficiaries…
Highlights from the Latest Tax Proposal + Financial Market Update + 9.14.21
House Democrats via the Ways and Means Committee detailed the proposed tax increases on corporations, investors, high-income individuals…
Lutz Expands 401(K) Services with Pooled Employer Plan (PEP) Offering
Lutz Financial recently announced its partnership with Newport, a leading independent retirement services provider, to offer the Lutz Financial Pooled Employer Plan (PEP)…
International Diversification in Charts + Financial Market Update + 9.7.21
Diversifying equity exposure internationally can potentially reduce volatility and smooth out periods of extreme performance disparity…
Creating an Investment Policy for a Nonprofit Organization
Lutz has helped many nonprofit boards put an investment policy together for their entity. Boards naturally have a fiduciary duty…
4 Things to Know Before Selecting a Customer Relationship Management (CRM) Software
Here are four things you need to know when considering these Customer Relationship Management (CRM) platforms: Functionality and…
Quarter Two Middle Market M&A Report 2021
There was a frenzy of M&A activity through the first half of the year with no signs of letting up during the second half…
The Hidden Risk of Holding Too Much Cash + Financial Market Update + 8.24.21
While keeping assets in cash is an effective way to limit portfolio volatility, doing so can expose investors to other risks…
The Advantages and Drawbacks of SPACs
A special purpose acquisition company (“SPAC”) is a shell company that is created solely for the purpose of raising money through an initial public offering (“IPO”)…
Smith a Recipient of Hastings Young Professional 30 Under 30-ish Award
Sheana Smith has been named a Hastings Young Professional’s 30 Under 30-ish award winner. This distinction awards 30 young leaders in…
Biden Tax Proposal Affects Farmers, Ranchers and Business Owners
President Biden proposed Fiscal Year 2022 (FY2022) budget contains several provisions detrimental to family farms and businesses…
Lutz adds Alec Johnston and Sebastian Tine
Lutz welcomes Alec Johnston and Sebastian Tine to its Omaha office. Alec joins Lutz Financial and Sebastian joins Lutz Tech…
9 Important Nonprofit Accounting Terms Explained
If you are operating a nonprofit organization you should learn these key terms to understand the nonprofit financials better…
Dirty Data? 6 Ways to Cleanse a Database
Having accurate data to draw from when making business decisions is vital. Companies will greatly improve the accuracy of their reporting…
August Retirement Plan Newsletter 2021
This months retirement plan newsletter contains insights on generational influences and behavioral finance, retirement plan document…
Your Chart of Accounts: What You Should Know
You might never have seen it, but QuickBooks’ Chart of Accounts works in the background constantly and can help you…
3 Bookkeeping Techniques for Startups
One of the first things your new company needs to establish is a way to track your finances. There are several options…
3 Accounting Services Your Business Should Outsource
You can handle most of your daily accounting work on your own, but there are critical tasks that you should consider outsourcing…
Lutz adds Heber Camey and Lindsey Sparks
Lutz welcomes Heber Camey and Lindsey Sparks. Heber joins Lutz Tech as a Service Desk Technician and Lindsey joins Lutz Talent as a…
Lutz adds Claire Hasty and Jessica Schmid
Lutz welcomes Claire Hasty and Jessica Schmid to its Omaha office. Claire joins the team as a staff accountant and Jessica as an accounting assistant…
Are Market Forecasts Valuable? + Financial Market Update + 8.3.21
In the long-term, investors would be better served by holding a diversified portfolio rather than constantly repositioning a portfolio to bet on the next forecast…
8.4.21 | Office 365 Spotlight: OneNote | Recording
This webinar will cover the features and benefits of OneNote and how your business can best leverage its innovative multi-media sharing functionalities…
9.1.21 | Risk Areas in Due Diligence During M&A Process | Recording
Considering buying a business? Enlisting the help of a professional will give you deeper insights into the financials of the Target as well as the risks of the investment…
7.28.21 | Best Practices for Creating & Adopting a Remote Work Policy | Recording
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…
Family Office FAQs
What makes family office such an elusive concept? The following are answers to some of the common questions asked about family offices…
5 Tips for Conducting a Successful Virtual Interview
with some forethought and preparation, you can make your virtual interview a smashing success. Here are five tips to keep in mind…
Does My Business Need a Physical Security Assessment?
If your property safety is incomplete or a recent incident has highlighted a security gap, a physical safety assessment is the first step to informed improvements…
EBITDA Valuation Multiples and How It’s Calculated
EBITDA is one of the most common metrics that investors use to determine a company’s value. Earnings Before Interest, Taxes, Depreciation…
Lutz Announces 2021 Shareholder and Director Promotions
Lutz recently announced its shareholder and director promotions for 2021…
Lutz Announces 2021 Manager, Senior, Associate and Tech Division Promotions
Lutz, a Nebraska-based business solutions firm, recently announced its manager, senior, associate, and tech division promotions for 2021…
Lutz named a 2021 Top 100 Firm by INSIDE Public Accounting
Lutz made its fourth appearance on the INSIDE Public Accounting (IPA) Top 100 list, coming in at #83. Ranking the nation’s largest…
Can a Market Decline Be a Good Thing? + Financial market Update + 7.20.21
It is important to remind investors that volatility is a normal and healthy feature of investing in the stock market. Selloffs can reset…
July Retirement Plan Newsletter 2021
This month’s newsletter contains insights on bitcoin, fiduciary liability, bundling, and more…
Stark Updates + Preparing for Physician Compensation Changes
At the end of 2019, the government amended the federal physician self-referral law (Stark Law). This amendment brought significant changes to how compensation…
Employee Retention Credit + Healthcare
Did your business suffer a revenue decline in 2020? Do you expect a revenue decline in 2021 compared to 2019? Did your business experience a shutdown in 2020?…
Provider Relief Fund Reporting
Finally, The Department of Health and Human Service (HHS) opened the Provider Relief Fund (PRF) Reporting Portal on July 1. Important highlights include…
The Inflation Debate Continues + Financial Market Update + 7.13.21
Inflation continues to be one of the main storylines gripping the markets in 2021. The question isn’t if we will see sharp price increases or not, as they have been spiking…
Lutz Formalizes Transaction Advisory Service Line
Lutz recently formalized a new offering, Transaction Advisory Services (TAS). TAS will offer Quality of Earnings (QoE) reports…
Making a Career Change + Tips from the Experts
Why should you consider changing careers? When is it time to act on that decision? What is most important to look for in your next role?…
What is Materiality and How to Navigate it
what falls under materiality is actually quite subjective. The judgment falls under management. Just as no two businesses are exactly alike…
How Power BI Helps Your Business Harness Key Insights
Power BI, one of the most well-known products in the data visualization space, is the best remedy to this common dilemma for business leaders. A great tool for organizations…
7.14.21 | Financial Statements for Nonprofits | Recording
In this seminar, Lutz experts will take participants through the basics of understanding and using financial statements in a nonprofit…
Average Returns are Rare + Financial Market Update + 6.29.21
Over the last century, the US stock market has been a wealth-creating machine. With an average annual return of just over 10%, a buy-and-hold investor should…
Lutz adds Joshua Ahart and Marissa Lee to Omaha Office
Lutz, a Nebraska-based business solutions firm, welcomes Joshua Ahart and Marissa Lee to its Omaha office…
Long-Term Care Planning 101
One of the most difficult decisions clients will make in the financial planning process is planning for long-term care (LTC)…
Lutz adds McWilliams, Skrobecki and Stalsberg as Staff Accountants
Lutz, a Nebraska-based business solutions firm, recently added three staff accountants to its Omaha office…
Net Working Capital Calculation Dilemma + Customer Deposits/Deferred Revenue
In a typical merger and acquisition transaction, determining the proper amount of net working capital to be in the business at the closing of a sale…
Case Study: Syracuse Area Health
The partnership between Syracuse Area Health and Lutz has resulted in successful accounting and business solutions for the hospital…
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 | Recording
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…
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