11.04.24
Understanding Your Financial Statements
There are two main financial statements involved in every Practice, an income statement and a balance sheet. Both statements paint a completely different picture and understanding the basics of each is important when you are evaluating past performance and planning for future performance. Income statements For medical practices that generate them regularly, P&L statements provide […]

09.19.24
How to Protect Your Practice from Ransomware Attacks
Businesses and, more importantly, medical practices, face constant threat from cyberattacks. Incidents in health care are on the rise according to the The U.S. Department of Health and Human Services Office for Civil Rights.  This year, one of the largest ransomware cyberattacks in history disrupted payments to providers for weeks when Change Healthcare System was […]

07.30.24
Can You Use AI in Your Medical Practice? 
In November 2022, artificial intelligence (AI) got a lot of attention with the launch of ChatGPT, a “chatbot” developed by OpenAI. Users can converse with the chatbot in a fairly sophisticated way via questions that steer conversations toward answers of any desired type, length, style and format. Although AI has the potential to transform many […]

08.31.22
Not-For-Profit Group Newsletter – Summer 2022
While term limits for not-for-profit boards of directors are not legally mandated, many organizations consider term limits to be a best practice. Term limits are not right for every organization though. ORBA's Not-For-Profit Group Newsletter highlights the pros, cons and practical steps of term limits before adopting them.

08.01.22
Health Care Group Newsletter – Summer 2022
ORBA's Health Care Group Newsletter provides guidance on Provider Relief Fund (PRF) reporting and offers seven tips that medical practices can use to reduce the number of no-shows.

05.25.22
Health Care Group Newsletter – Spring 2022
ORBA's Health Care Group Newsletter provides strategies for Federally Qualified Health Centers (FQHCs) to create a more stable future — both clinically and financially.

05.18.22
The Financial Reporting Framework for Small- and Medium-Sized Entities: The GAAP Alternative for the Back Bone of America
As a banking professional, you’ve undoubtedly noticed that accounting principles generally accepted in the United States of America (US GAAP) has become increasingly complex in recent years, especially for the middle market companies who comprise the back bone of the US economy. With limited resources available to devote to the accounting function, software that does […]

06.03.20
What You Need to Know About Paycheck Protection Program Loan Forgiveness
Join ORBA’s Frank L. Washelesky on Friday, May 29, for a complimentary webinar that will provide clarity on the PPP Loan Forgiveness rules. 

02.15.18
The Impact of Tax Reform on Your Practice
The passage of the Tax Cuts and Jobs Act marks the most significant change to the tax code in 30 years. With the new tax law come sweeping reforms that will impact your business and you personally. Join the experts from ORBA for a seminar discussing: How the new tax law will affect your practice; […]

03.11.25
ORBA Named to Accounting Today’s 2025 “Beyond the Top 100: Firms to Watch”; Firm also Recognized as a Great Lakes Region Leader
CHICAGO –  ORBA, one of Chicago’s premier public accounting firms, has been recognized once again by Accounting Today in their “Beyond the Top 100: Firms to Watch”, securing the 132nd spot. Additionally, ORBA is ranked among the top 25 firms in the Great Lakes Region, marking its 15th consecutive year on the “Top Firms: The Great Lakes” list.

02.12.25
ORBA Welcomes Bee Yang as Tax Group Director
ORBA, one of Chicago’s largest public accounting firms, is pleased to announce a new Director, Bee Yang, CPA, MST, as a member of the firm’s Tax Group.

01.27.25
ORBA Welcomes Nico Berrini as Director of Growth
ORBA, one of Chicago’s largest public accounting firms, is pleased to announce that Nico Berrini has joined the firm as its Director of Growth.

03.21.25
Disaster Victims of the 2025 California Wildfires may Qualify for Tax Relief
The 2025 California wildfires, declared as a major disaster on January 7, 2025, do not fall within FDTRA's definition of a "qualified disaster." However, other potential opportunities are available for those affected by this disaster.

02.11.25
President Trump’s Tax Plan: What Proposals are Being Discussed in Washington?
President Trump and the Republican Congress plan to act swiftly to make broad changes to the United States — including its federal tax system. Congress is already working on legislation that would extend and expand provisions of the sweeping Tax Cuts and Jobs Act (TCJA), as well as incorporate some of Trump’s tax-related campaign promises. To that end, GOP lawmakers in the U.S. House of Representatives have compiled a 50-page document that identifies potential avenues they may take, as well as how much these tax and other fiscal changes would cost or save. This Client Alert is a preview of potential changes that might be on the horizon.

01.14.25
Attention All Illinois Taxpayers: The Illinois Gives Tax Credit Act
For tax years ending on or after December 31, 2025, the program created under this Act offers a state income tax credit to individuals and businesses that submit an application through MyTax Illinois and, following approval of the application, contribute to permanent endowment funds held by Qualified Community Foundations (QCFs).  Subject to the limitations referenced below, the state income tax credit is equal to 25% of the amount contributed.

04.08.19
Various Media – ORBA Appoints Chief Financial Officer
ORBA is mentioned in the media for announcing the appointment of Cara Sample, CPA, as Chief Financial Officer of the firm. Reporting media include Yahoo! Finance, Spoke, The Daily Herald, NewsBlaze, Star Tribune and ABC 7. View the official press release.

04.04.19
Various Media – ORBA Ranked Among 2019 ‘Top Firms to Watch’ by Accounting Today
ORBA is mentioned in the media for being ranked among the “Beyond the Top 100: Firms to Watch” list for 2019, as well being listed among the top 20 firms in the Great Lakes Region.

01.10.19
Various Media – ORBA Launches ORBA Wealth Advisors
ORBA was mentioned in the media for its announcement of the launch of ORBA Wealth Advisors, LLC. Reporting media include Wealth Adviser, Verdict, Yahoo! Finance, the Daily Herald and Merril Edge. View the official press release.

03.11.25
ORBA Named to Accounting Today’s 2025 “Beyond the Top 100: Firms to Watch”; Firm also Recognized as a Great Lakes Region Leader
CHICAGO –  ORBA, one of Chicago’s premier public accounting firms, has been recognized once again by Accounting Today in their “Beyond the Top 100: Firms to Watch”, securing the 132nd spot. Additionally, ORBA is ranked among the top 25 firms in the Great Lakes Region, marking its 15th consecutive year on the “Top Firms: The Great Lakes” list.

02.12.25
ORBA Welcomes Bee Yang as Tax Group Director
ORBA, one of Chicago’s largest public accounting firms, is pleased to announce a new Director, Bee Yang, CPA, MST, as a member of the firm’s Tax Group.

01.27.25
ORBA Welcomes Nico Berrini as Director of Growth
ORBA, one of Chicago’s largest public accounting firms, is pleased to announce that Nico Berrini has joined the firm as its Director of Growth.