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; […]

06.30.25
ORBA Welcomes New Hires to the Firm
CHICAGO — ORBA, one of Chicago’s largest public accounting firms, is pleased to welcome five professionals to the firm’s Audit, Marketing, Tax and Transaction Advisory Groups.

06.03.25
Cory Nielson, CPA, Joins ORBA Salt Lake City Office as an Audit and Assurance Group Director
SALT LAKE CITY — Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of the country’s largest full-service accounting, tax and advisory firms, recently announced the addition of Cory Nielson as an Audit and Assurance Group Director in its Salt Lake City office.

05.09.25
ORBA Recognized with Workplace Culture Excellence Award at BDO Alliance USA EVOLVE 2025 Conference
CHICAGO – ORBA, one of Chicago’s premier public accounting firms, is proud to announce that it has been awarded the Workplace Culture Excellence Award for 2025, presented by the BDO Alliance USA. The BDO Alliance Workplace Culture Award is an honor that celebrates firms that cultivate exceptional employee engagement, provide meaningful growth opportunities and prioritize well-being across the board.

07.08.25
President Trump Signs His One, Big, Beautiful Bill Act into Law
On July 4, President Trump signed into law the far-reaching legislation known as the One, Big, Beautiful Bill Act (OBBBA). The bill includes extensions of many provisions of the Tax Cuts and Jobs Act (TCJA) as well as new and enhanced tax breaks. Here is a rundown of some of the key changes affecting individual and business taxpayers.

06.05.25
The House Passes The One, Big, Beautiful Bill Act: An Overview of its Tax Provisions
The U.S. House of Representatives passed its sweeping tax and spending bill, dubbed, “The One, Big, Beautiful Bill Act” (OBBBA). The bill includes extensions of many provisions of the Tax Cuts and Jobs Act (TCJA) as well as new and enhanced tax breaks. Here is an overview of the major tax proposals included in the House OBBBA.

05.13.25
IRS Clarifies Theft and Fraud Loss Deductions
The Tax Cuts and Jobs Act (TCJA) significantly limited the types of theft losses that are deductible on federal income taxes. However, a recent “advice memo” (CCA 202511015) from the IRS’s Office of Chief Counsel suggests more victims of fraudulent scams may be able to claim a theft loss deduction than previously understood.

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.

06.30.25
ORBA Welcomes New Hires to the Firm
CHICAGO — ORBA, one of Chicago’s largest public accounting firms, is pleased to welcome five professionals to the firm’s Audit, Marketing, Tax and Transaction Advisory Groups.

06.03.25
Cory Nielson, CPA, Joins ORBA Salt Lake City Office as an Audit and Assurance Group Director
SALT LAKE CITY — Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of the country’s largest full-service accounting, tax and advisory firms, recently announced the addition of Cory Nielson as an Audit and Assurance Group Director in its Salt Lake City office.

05.09.25
ORBA Recognized with Workplace Culture Excellence Award at BDO Alliance USA EVOLVE 2025 Conference
CHICAGO – ORBA, one of Chicago’s premier public accounting firms, is proud to announce that it has been awarded the Workplace Culture Excellence Award for 2025, presented by the BDO Alliance USA. The BDO Alliance Workplace Culture Award is an honor that celebrates firms that cultivate exceptional employee engagement, provide meaningful growth opportunities and prioritize well-being across the board.