02.28.23
Pass-Through Entity Taxes: How Law Firms Can Manage the SALT Deduction Limit
Many high-income taxpayers were negatively impacted when the Tax Cuts and Jobs Act of 2017 (TCJA) imposed a $10,000 limit on the individual federal income tax deduction for state and local taxes (SALT). This $10,000 limit is often referred to as the “SALT cap.” In response, over two dozen states and one locality, New York […]

12.22.22
Don’t Forget About the Illinois Secure Choice Savings Program Act
The Illinois Secure Choice Savings Program Act requires certain employers within Illinois to either participate in the state-run retirement plan or to offer employees a different qualified employer-sponsored retirement plan. The amended law now requires many small businesses with as few as 5 employees to comply by November 2023. The purpose of the program is […]

11.22.22
Four Year-End Tax Tips for Law Firms
The end of the tax year for calendar-year law firms is just around the corner. Now is the time to take those last-minute steps that can reap significant tax savings on your 2022 return. Here is some tax-cutting advice to consider. Time Income and Expenses Wisely Deferring revenue into the next tax year and accelerating […]

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.

12.15.22
ORBA Named on America’s Best Tax and Accounting Firms 2023 List by Forbes
ORBA, one of Chicago’s largest public accounting firms, has been named on the Forbes list of America’s Best Tax and Accounting Firms 2023. This award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider.

12.15.22
ORBA Honored by the Chicago Tribune as a 2022 Top Workplace
CHICAGO — ORBA, one of Chicago’s largest public accounting firms, has been awarded a 2022 Top Workplaces honor by the Chicago Tribune. The award is based solely on employee feedback gathered through a third-party survey that is administered by employee engagement technology partner, Energage, LLC.

11.17.22
ORBA Ranks Among 2022 Largest Accounting Firms by Crain’s Chicago Business
ORBA, a full-service accounting, tax and business consulting firm, has been ranked as one of the largest accounting firms in Chicago, according to an annual survey published by Crain’s Chicago Business.

03.24.23
U.S. Supreme Court Rules Against the IRS on Critical FBAR Issue
The U.S. Supreme Court recently weighed in on an issue regarding a provision of the Bank Secrecy Act (BSA) that has split two federal courts of appeal. Its 5-4 ruling is welcome news for U.S. residents who “non-willfully” violate the law’s requirements for the reporting of certain foreign bank and financial accounts on what is generally known as an FBAR.

02.16.23
Reading the Tea Leaves: Potential Tax Legislation in the New Congress
The 2022 mid-term election has shifted the scales in Washington, D.C., with the Democrats no longer controlling both houses of Congress. While it remains to be seen if — and when — any tax-related legislation can muster the requisite bipartisan support, a review of certain provisions in existing laws may provide an indication of the many areas ripe for action in the next two years.

01.12.23
2023 Tax Calendar
To help you make sure that you do not miss any important 2023 deadlines, we have provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions about the deadlines or would like assistance in meeting them.

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.

12.15.22
ORBA Named on America’s Best Tax and Accounting Firms 2023 List by Forbes
ORBA, one of Chicago’s largest public accounting firms, has been named on the Forbes list of America’s Best Tax and Accounting Firms 2023. This award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider.

12.15.22
ORBA Honored by the Chicago Tribune as a 2022 Top Workplace
CHICAGO — ORBA, one of Chicago’s largest public accounting firms, has been awarded a 2022 Top Workplaces honor by the Chicago Tribune. The award is based solely on employee feedback gathered through a third-party survey that is administered by employee engagement technology partner, Energage, LLC.

11.17.22
ORBA Ranks Among 2022 Largest Accounting Firms by Crain’s Chicago Business
ORBA, a full-service accounting, tax and business consulting firm, has been ranked as one of the largest accounting firms in Chicago, according to an annual survey published by Crain’s Chicago Business.