01.06.25
ERC Update: How Should You Proceed?
The IRS’s employee retention credit (ERC), created during the COVID-19 pandemic, seemed to offer a lucrative opportunity for many employers. That is certainly the impression that the many promoters that sprung up in response presented. But the IRS has discovered that a large percentage of the claims are invalid. Here is what you need to […]

08.22.24
Are Your Partners up to Par? What to do About Underperforming Colleagues
How do you know when it is time to let a partner go? It is common for partners to have some years that are more productive than others, and it is never easy to ask a colleague to leave. Here are some areas to consider when deciding if it is time to take action. Defining […]

04.02.24
It is Time to Get Serious About Digital Marketing
For many law firms, digital marketing still remains an afterthought. However, simply having a stagnant website, an occasional blog and limited social media presence will not cut it, regardless of your firm’s size or specialty. The competition for legal services is simply too fierce. If your firm is looking to develop or revamp its digital […]

11.14.22
Law Firm Group Newsletter – Fall 2022
ORBA's Law Firm Group's Fall 2022 Newsletter discusses ways a law firm can retool its policy for origination credits and reminds law firms to carefully consider the need for lateral hires as the costs of bringing them on can be high.

07.26.22
Law Firm Group Newsletter – Summer 2022
ORBA's Law Firm Group's Summer 2022 Newsletter summarizes the updated Attorneys Audit Technique Guide and looks at how law firms are valued compared to other businesses.

05.19.22
Law Firm Group Newsletter – Spring 2022
ORBA's Law Firm Group's Spring 2022 Newsletter discusses the findings of the 2022 Report on the State of the Legal Market and highlights ten ways law firms can assess collections processes.

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. 

02.13.19
Tax Planning Considerations for New Law Firm Partners
Recently becoming a partner at your firm, or in the near future, is an exciting milestone in your professional life. With any leadership role comes a new set of responsibilities yet it’s surprising how few are prepared for the financial implications of such an undertaking. Now is the perfect time to consider your personal financial […]

08.05.15
ORBA and COSi Present: Tiger Teams – Empowering Your People to Accelerate Profitability
During this program, you'll roll up your sleeves, participate in interactive hands-on exercises and learn proven techniques that will be immediately useful. You will also receive expert one-on-one coaching so you can get started down the fastest path to building a more profitable and valuable high growth business.

12.10.24
ORBA Welcomes Paige Kirkland as Senior Manager of Family Office Services
CHICAGO — ORBA, one of Chicago’s largest public accounting firms, is pleased to announce that Kristen “Paige” Kirkland, has joined the firm as Senior Manager and head of its Family Office Services.

12.10.24
ORBA Launches Family Office Services Group
CHICAGO — ORBA, one of Chicago’s leading public accounting firms, is excited to announce the launch of its Family Office Services Group.

11.07.24
ORBA Adds Oak Brook Office to its Accounting, Tax and Advisory Practice
OAK BROOK, IL — Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest full-service accounting, tax, and advisory firms, proudly announces the opening of a new suburban office in Oak Brook, Illinois. 

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.

01.06.25
Expiring TCJA Provisions Could Significantly Alter the Federal Income Tax Landscape for Business Entities after 2025
When the Tax Cuts and Jobs Act (TCJA) was signed into law in 2017, it substantially altered the U.S. income tax landscape that had existed since 1986. Many of these changes, however, were temporary and will automatically be reversed for tax years beginning on or after January 1, 2026, unless Congress acts. Therefore, you should prepare for the possibility that temporary TCJA changes will be reversed and plan accordingly. This Client Alert highlights some of the temporary TCJA provisions impacting income tax for business entities that are scheduled to be reversed for tax years beginning on or after January 1, 2026.

01.02.25
1099-MISC vs. 1099-NEC
In 2021, the IRS released a new form: Form 1099-NEC. This form is still in use for 2024, along with Form 1099-MISC. However, there seems to be some ongoing confusion over which form to use. This Client Alert will provide you with some general guidelines and resources to help you determine whether you should file Form 1099-NEC or Form 1099-MISC. It will also address the new e-filing requirement that has been implemented for the upcoming filing season.

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.

12.10.24
ORBA Welcomes Paige Kirkland as Senior Manager of Family Office Services
CHICAGO — ORBA, one of Chicago’s largest public accounting firms, is pleased to announce that Kristen “Paige” Kirkland, has joined the firm as Senior Manager and head of its Family Office Services.

12.10.24
ORBA Launches Family Office Services Group
CHICAGO — ORBA, one of Chicago’s leading public accounting firms, is excited to announce the launch of its Family Office Services Group.

11.07.24
ORBA Adds Oak Brook Office to its Accounting, Tax and Advisory Practice
OAK BROOK, IL — Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest full-service accounting, tax, and advisory firms, proudly announces the opening of a new suburban office in Oak Brook, Illinois.