What Your IT Helpdesk Technician Wants You to Know

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…

What is a Family Office?

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

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…

Does Your Company Need a Business Valuation?

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…

Exploring Segment Reporting Alternatives

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

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

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

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

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…

Medicare Cost Report

Medicare Cost Report

This presentation, led by Kirk Delperdang and Julianne Kipple, discusses helpful tips to keep in mind as hospitals prepare and review their Medicare cost report…

An Intro to Artificial Intelligence

An Intro to Artificial Intelligence

The market for artificial intelligence (AI) technologies is flourishing. Beyond the hype and the heightened media attention, the numerous startups and the internet giant’s racing to acquire them…

Social Media Strategies for Recruiting

Social Media Strategies for Recruiting

Social media platforms can be used to advertise jobs, attract talent, and communicate with potential candidates. These platforms include Facebook, LinkedIn, Twitter and even Instagram…

Exit Planning Strategies for Business Owners

Exit Planning Strategies for Business Owners

Business owners are good at dealing with everyday decisions, but they often forget that a main reason they are in business is to be rewarded for building a valuable business…

Best Practices for Plan Fiduciaries

Best Practices for Plan Fiduciaries

Are you offering a competitive retirement plan? In this webinar, Chris Wagner of Lutz Financial covers the step by step process for making fiduciary decisions and administering…

Retirement Income + Distribution Planning

Retirement Income + Distribution Planning

Most investment and financial advice has traditionally been focused on the accumulation phase (growing assets before retirement). But with the elimination of traditional pension…

Tax Planning + Updates

Tax Planning + Updates

This seminar, led by John Kampfe, Joe Donovan, and Steve Nebbia, covers current year law updates that may impact your taxes. This informative course will bring you up-to-speed on the…

Changes in Nebraska Sales Tax Laws

Changes in Nebraska Sales Tax Laws

Do you have questions about sales and use tax laws? You’re not alone. With 7,500 different tax jurisdictions in the United States alone, it’s easy to understand why our sales & use tax laws…

QuickBooks Techniques Every User Should Know

QuickBooks Techniques Every User Should Know

Getting up to speed on QuickBooks can be challenging if you’re just getting started. This software is popular for ease of use, but it is also one of the most comprehensive accounting software packages on the market…

How to Leave Your Job + The Professional Way

How to Leave Your Job + The Professional Way

Decades ago, it wasn’t uncommon for people to land their first job, move through the ranks, and retire from the same company 30-40 years later. However, times have changed. According to the U.S. Bureau of Labor Statistics…

Lutz adds Jen Walde as Performance Advisor

Lutz adds Jen Walde as Performance Advisor

Lutz, a Nebraska-based business solutions firm, recently added Jen Walde to its Omaha Office. Jen joins the firm as a Performance Advisor with over 13 years of combined human resources and operations experience…

Is the Traditional Bypass Trust Outdated?

Is the Traditional Bypass Trust Outdated?

Many early-retirement Boomers feel comfortable that their estate plan is in order, having put their estate plan in place when they had younger children. With adult children and the increase in the estate and gift tax exemption amounts…

Lutz Launches Family Office Services; Adds Lisa Strutzel

Lutz Launches Family Office Services; Adds Lisa Strutzel

Lutz, a Nebraska-based business solutions firm, recently announced a new service line, Family Office Services. Lutz’s Family Office team assists high-net-worth families manage their family enterprise by helping them determine…

March Retirement Plan Newsletter

March Retirement Plan Newsletter

This month’s newsletter contains insights on relief guidance for victims of California wildfires, visualizing retirement, conducting an RFP, and more…

The M&A Process + Timeline & Milestones

The M&A Process + Timeline & Milestones

Selling your business can be time-consuming and unpredictable. Knowing what to expect will prepare you for what’s ahead and can help get your deal to closing. The M&A process can be broken down into four unique phases…

Personal Branding for Finance Professionals

Personal Branding for Finance Professionals

Although the terms brand and branding don’t mean the same, people use them interchangeably. Your personal brand describes who you are and what you do. It is how people identify, know and remember you…

How XBRL Benefits Companies, Large and Small

How XBRL Benefits Companies, Large and Small

Investors and accounting professionals have warned the SEC against exempting small companies from the requirement to add interactive data to their financial statements using eXtensible Business Reporting Language (XBRL)…

Best Practices for Audit Committees

Best Practices for Audit Committees

In January 2019, the board of the International Organization of Securities Commissions (IOSCO) published a report intended to promote audit quality. This article explains the audit committee’s role and key findings from the…

Is Your Finance Team Using AI?

Is Your Finance Team Using AI?

A recent survey of financial professionals found that only 11% of executives are making use of artificial intelligence (AI) and over one-third of companies spend more time collecting data than analyzing it. This article discusses key findings…

Quarter One Middle Market M&A Report 2019

Quarter One Middle Market M&A Report 2019

In Q1 2019, U.S. Middle Market dealmakers forged through continued economic and geopolitical uncertainty to rise above the sluggish second half of 2018. During the quarter there were 3,403 announced…

Lutz adds Chase Morley to Lincoln Office

Lutz adds Chase Morley to Lincoln Office

Lutz, a Nebraska-based business solutions firm, recently added Chase Morley to its Lincoln office. Bringing over three years of experience in the financial and accounting industries, Chase Morley joins the firm as a Staff Accountant…

Why Investors Should Own International Stocks

Why Investors Should Own International Stocks

There is a tendency for investors to focus their attention and investment dollars on assets located within the United States. This tendency is well documented and is referred to as Home Country Bias. People are generally more…

2019 Manufacturing Outlook Survey Results

2019 Manufacturing Outlook Survey Results

This year’s survey report contains the expectations and opinions of more than 350 manufacturing executives who produce a wide variety of products including industrial/machining, transportation/automotive…

New Phase-In Option for Credit Losses Standard

New Phase-In Option for Credit Losses Standard

Bank regulators have completed a rule that will allow banks to phase in the capital effect of the new credit losses accounting standard over a period of three years. This article summarizes what’s changing under the updated standard…

February Retirement Plan Newsletter

February Retirement Plan Newsletter

This months newsletter contains insights on repaying student loans, investment education for employees, risks of filing late, and more…

Lutz Announces 2019 Lutz Learning Live Schedule

Lutz Announces 2019 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 on a wide range of topics…

Lutz Financial adds Austin Wells

Lutz Financial adds Austin Wells

Lutz, a Nebraska-based business solutions firm, welcomes Austin Wells to the Omaha office. Austin joins Lutz’s financial division as a Retirement Plan Consultant and Investment Advisor, and brings over four years of experience…

Artificial Intelligence

Artificial Intelligence

There’s been a lot of buzz surrounding artificial intelligence (AI). You’ve probably heard about AI or IBM’s Watson on the news. AI is a new technology with quite a bit to offer, especially with assistance in the workplace…

Will I Outlive My Assets?

Will I Outlive My Assets?

Running out of money is often cited as the biggest fear of retirees. Most investment and financial advice has traditionally been focused on the accumulation phase (growing assets before retirement). But, with the elimination…

What is a Qualified Opportunity Fund?

What is a Qualified Opportunity Fund?

A Qualified Opportunity Fund (QOF) is an entity formed to invest in qualified opportunity zone property. These “Opportunity Zones” are designated by the state with the purpose of incentivizing investment via QOFs to…

Tips for Acing Your Interview

Tips for Acing Your Interview

The interview is a major part of the hiring process, which means you need to ace it if you want a good chance of getting the job. After all, this is your opportunity to bring your resume to life and show the hiring manager that…

Reporting the Effects of Tax Reform

Reporting the Effects of Tax Reform

The FASB continues to monitor how companies and their auditors are tackling the financial reporting ramifications of the major new provisions of the Tax Cuts and Jobs Act (TCJA). This article highlights major TCJA…

FASB Project to Target Performance Reporting

FASB Project to Target Performance Reporting

The FASB is in the early stages of a project to develop guidance for performance reporting. The goal is to make it easier for investors and securities analysts to understand from reading a company’s financial statements…

Global Convergence Project: U.S. GAAP is Alive and Well

Global Convergence Project: U.S. GAAP is Alive and Well

SEC Chairman Jay Clayton recently announced that a consideration to require or allow U.S. public companies to use IFRS is “not a focus” for him. His lack of interest contrasts with the “high priority” former Chair Mary Jo…

Paid Family and Medical Leave Under the New Tax Law

Paid Family and Medical Leave Under the New Tax Law

The 2017 Tax Cuts and Jobs Act created a credit for employers when they give qualified employees paid family and medical leave. This act is currently in effect for 2018 and 2019 and applies to businesses covered…

Is Your Business Transferable?

Is Your Business Transferable?

Does your business rely on you to generate revenue? Does most of your revenue come from a few customers? Does your company lack depth of management? Do you have short term or no contracts with customers or suppliers?

The One Page Business Plan

The One Page Business Plan

Traditional business plans usually consist of dozens of pages of text and data tables. They can take many days or even weeks to produce. But if your small business is seeking financing, you may need one…

Private Companies Can Elect Out of the Complex VIE Guidance

Private Companies Can Elect Out of the Complex VIE Guidance

In October, the FASB gave private companies long-awaited relief from the variable interest entity (VIE) guidance — one of the most complicated areas of U.S. GAAP. This article explains the consolidation rules and why private companies…

January Retirement Plan Newsletter

January Retirement Plan Newsletter

This month’s newsletter contains insights on records and their expiration dates, easy steps to keep your plan assets safe, hardship suspensions, and more…

Updated IRS Guidance on Entertainment Meal Deductions

Updated IRS Guidance on Entertainment Meal Deductions

In relation to our first blog, “Understanding the New Rules Regarding Business Entertainment Deductions,” the IRS has since issued a notice with updated guidance on the expenses deductibility of meals purchased for entertainment…

6 Helpful Steps to Transition to Outsourced IT

6 Helpful Steps to Transition to Outsourced IT

Do you find your growing business suffering from a lack of support in the technology department? Your company may benefit from outsourcing IT. Some businesses struggle to find room in the budget to add support staff…

What You Need to Know About Accounting to Use QuickBooks

What You Need to Know About Accounting to Use QuickBooks

Whether or not you use the word “accounting,” your business already does it. You manage accounts, pay bills, receive payments – all tasks that are a part of the process. When you use QuickBooks, though, you are following the same…

Lutz Combines Grand Island Offices + New Location

Lutz Combines Grand Island Offices + New Location

Lutz, a Nebraska-based business solutions firm, is excited to announce that our Grand Island North and Grand Island South offices are merging into one location at 3320 James Road, Suite 100, Grand Island, NE, 68803…

Lutz Financial adds Mathison

Lutz Financial adds Mathison

Lutz, a Nebraska-based business solutions firm, welcomes Pam Mathison to the Financial division in the Omaha office. Pam joins the Lutz Financial team as a Client Service Associate. She is responsible for working closely with clients…

What Financial Statements Can Tell You About Your Business

What Financial Statements Can Tell You About Your Business

One of the best things about QuickBooks is its reporting options. You select one, and the software creates the report using your company’s data. Some of these are called financial statements. They are always required by financial institutions…

Lutz adds Ashley Thornton to Hastings Office

Lutz adds Ashley Thornton to Hastings Office

Lutz, a Nebraska-based business solutions firm, welcomes Ashley Thornton to the Hastings office.Ashley joins the team as a Staff Accountant. She is responsible for the preparation of individual and business income tax returns…

Lutz Gives Back + 12 Days of Lutzmas 2018

Lutz Gives Back + 12 Days of Lutzmas 2018

The Lutz Gives Back program has allowed our team to continuously return value to our local communities through volunteer work during business hours and even during free time. Notably, our “12 Days of Lutzmas” is a unique tradition…

Lutz Tech adds Steven Brabec

Lutz Tech adds Steven Brabec

Lutz, a Nebraska-based business solutions firm, welcomes Steven Brabec to the Lutz Tech division in the Omaha office. Steven joins Lutz Tech as an IT Account Manager with over eight years of IT experience. Steven will be working with…

Is an Employee Stock Ownership Plan Right for Your Business?

Is an Employee Stock Ownership Plan Right for Your Business?

One of the biggest reasons business owners struggle with how to exit from their business is getting a grasp of all of the options available to them. Often times, the business owner’s biggest financial asset is tied up in the value of their…

Year-End Checklist for Small Business Owners

Year-End Checklist for Small Business Owners

If you’re a small business owner, being proactive is essential for growth. With the end of the year finally, upon us, there are quite a few things to consider and take inventory of before the New Year. That said; let’s take a look at the year-end…

3 Things All Investors Should Know

3 Things All Investors Should Know

Market sentiment has been as volatile as stock prices in 2018 and there is an abundance of storylines impacting each. Investors spend a significant amount of time fretting over things like trade tensions, interest rates and inflation…

December Retirement Plan Newsletter

December Retirement Plan Newsletter

This months newsletter contains insights on exchanging old retirement solutions for new ones, budgeting tips for the holiday season, and more…

2019 Payroll Update

2019 Payroll Update

There are several important updates and considerations related to wages and year-end payroll duties. Please review the included topics and contact us if you have any questions…

Norby Joins Lutz Financial

Norby Joins Lutz Financial

Lutz, a Nebraska-based business solutions firm, welcomes Bailey Norby to the Lutz Financial division in the Omaha office. Bailey joins the team as a Client Service Associate. She is responsible for the preparation and filing of client data…

6 Things to Know About the Tax Cuts and Jobs Act

6 Things to Know About the Tax Cuts and Jobs Act

If the final couple months of 2018 snuck up on you, it’s not too late to do some tax planning for the current year. It may be time for a refresher on how the Tax Cuts and Jobs Act, passed last December, may affect you and/or your business…

4 Tips That Will Get You Hired in 2019

4 Tips That Will Get You Hired in 2019

The new year brings new goals, resolutions, and the opportunity to start fresh with your career. Whether this means jumpstarting your job search or switching career paths entirely, you can take a few steps to make the coming year…

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