12.03.18
Holiday Fundraising Tip and Treats
For not-for-profits, this holiday season brings the opportunity to raise a few extra dollars amid all the revelry.  However, fundraising is not as simple as just holding out a hand and expecting to receive a holiday bounty. Here a few things for not-for-profits to think about during this time of the year.

11.20.18
Take Another Look at Telecommuting
These days, everyone seems to be working remotely from his or her home offices. If your organization has yet to turn to telecommuting, or offers it only on a limited basis, you might want to take another look at the option.

11.08.18
Revenue Recognition Standards: How Is Your Not-For-Profit Affected?
When the Financial Accounting Standards Board’s new revenue recognition standard was released in 2014, many organizations and businesses were unsure on how it would affect them. In particular, not-for-profit organizations were unclear on the potential impact. Here is a refresher on the standards to determine how your organization may be affected.

10.02.18
Not-For-Profit Group Newsletter – Fall 2018
Our Not-For-Profit Group's Fall Newsletter discusses tax liabilities for volunteers, as well as tips for avoiding unrelated business income tax for your organization.

07.13.18
Not-For-Profit Group Newsletter – Summer 2018
Will the Tax Cuts and Jobs Act Make Your UBIT Jump? Laurence Sophian, CPA, MBA As the new tax bill worked its way through Congress last fall, not-for-profits across the country raised their voices high to share concerns about its disincentives for charitable donations — as well as the proposed repeal of the Johnson Amendment. […]

04.05.18
Not-For-Profit Newsletter – Spring 2018
Do the Math: Deciding if You Need a CFO Marva Flanagan, CPA Not-for-profits work hard to make the world a better place in one way or another. Their ability to pursue their mission depends greatly on their financial health and integrity. That is why it is beneficial for not-for-profits to employ a chief financial officer […]

01.16.19
Accounting Update for Not-For-Profit Organizations
The Financial Accounting Standards Board (FASB) has rolled out a handful of accounting updates that will greatly impact how not-for-profit organizations record and report various transactions. These new regulations include: How to present financial statements under ASU 2016-14; How to recognize revenue including clarifying guidance for contributions received and contributions made; and How to recognize […]

08.21.18
How the Tax Cuts and Jobs Act Impacts Not-For-Profit Organizations
The passage of the Tax Cuts and Jobs Act of 2017 (TCJA) brings the most significant changes to the U.S. tax code in more than 30 years. With the new tax law comes several provisions that may affect your not-for-profit organization. Join ORBA’s Thomas Vance, JD, LLM and Laurence Sophian, CPA, with special guest Norah […]

01.17.18
Changes to Not-For-Profit Financial Reporting
Join ORBA’s Not-For-Profit Group on Wednesday, January 17, 2018 at the University of Chicago Gleacher Center as we discuss the changes to Not-For-Profit Financial Reporting. James Quaid, CPA and Alison Fetzer, CPA will present an overview of all of the changes within ASU 2016-14, the Not-for-Profit Financial Reporting Standard. This presentation is a follow-up to a prior […]

07.30.18
ORBA Named Among Top 200 Public Accounting Firms for 2018 by INSIDE Public Accounting
CHICAGO – Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest public accounting firms, has been named as one of the country’s Top 200 Firms for 2018 by INSIDE Public Accounting (IPA). ORBA is ranked #125 on the list in the annual report. IPA 100, 200 and 300 firms are ranked by U.S. net revenues […]

07.11.18
ORBA Elects New Directors
CHICAGO — Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest public accounting firms, is proud to announce that Adam Pechin, CPA, MST, and Thomas Vance, JD, LLM, have been promoted to Directors of the firm effective July 1, 2018. “We are excited to have Adam and Tom join our growing group of young, […]

05.30.18
ORBA Wins Association of Accounting Marketing Achievement Awards
CHICAGO — Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest accounting firms, is the recipient of the Association of Accounting Marketing (AAM) Marketing Achievement Award in three separate categories: Website, Digital Advertising, and Collateral and Content Marketing. The awards were announced at AAM’s annual conference in Portland, Oregon. ORBA was recognized for its […]

12.05.18
Treasury Department Proposes Regulations on Business Interest Expense Limitation
The IRS released temporary guidance about the new interest expense limitation in April. Now, proposed regulations have been published that significantly expand on the temporary guidance. Among other notable provisions, the proposed regulations provide a very broad definition of “interest”.

11.26.18
Year-End Tax Planning for Businesses in the New Tax Environment
The passage of the Tax Cuts and Jobs Act (TCJA) in late 2017 brought significant changes to the tax landscape. As the first tax season under the law looms on the horizon, new year-end tax planning strategies are emerging. Meanwhile, some of the old tried-and-true strategies have changed and others remain viable.

10.29.18
IRS Proposes Regulations for Opportunity Zone Tax Incentives
The Tax Cuts and Jobs Act (TCJA) includes a provision that Secretary of the Treasury Steven Mnuchin said should lead to $100 billion in capital investments in distressed areas. The provision allows taxpayers to defer tax on capital gains by investing in such Opportunity Zones. The IRS unveiled proposed regulations on October 19, 2018 that should help investors capture this tax incentive.

07.30.18
Various Media – ORBA Ranked Among IPA Top 200 Public Accounting Firms
ORBA was mentioned in the media for being named among the Top 200 Public Accounting Firms of 2018 by INSIDE Public Accounting (IPA). Reporting media include: Yahoo! Finance, MarketWatch, Chicago Business News, the Daily Herald, and Chicago CityRoom  

07.13.18
Various Media – ORBA Elects New Directors
ORBA  is proud to announce that Adam Pechin, CPA, MST, and Thomas Vance, JD, LLM, have been promoted to Directors of the firm effective July 1, 2018. Reporting media include Accounting Today, the Washington Business Journal, the Triangle Business Journal, Yahoo! Finance, the Daily Herald, and Chicago City Room. Click here to view the official press release.

05.31.18
Various Media – ORBA Wins Association of Accounting Marketing Awards
ORBA was recently mentioned in the media for winning the Association of Accounting Marketing (AAM) Marketing Achievement Awards in three separate categories: Website, Digital Advertising, and Collateral and Content Marketing. Reporting media include Yahoo!, the St. Louis Business Journal, the New York Business Journal, the Cincinnati Business Courier, the Dayton Business Journal, and Chicago Business News.

07.30.18
ORBA Named Among Top 200 Public Accounting Firms for 2018 by INSIDE Public Accounting
CHICAGO – Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest public accounting firms, has been named as one of the country’s Top 200 Firms for 2018 by INSIDE Public Accounting (IPA). ORBA is ranked #125 on the list in the annual report. IPA 100, 200 and 300 firms are ranked by U.S. net revenues […]

07.11.18
ORBA Elects New Directors
CHICAGO — Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest public accounting firms, is proud to announce that Adam Pechin, CPA, MST, and Thomas Vance, JD, LLM, have been promoted to Directors of the firm effective July 1, 2018. “We are excited to have Adam and Tom join our growing group of young, […]

05.30.18
ORBA Wins Association of Accounting Marketing Achievement Awards
CHICAGO — Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest accounting firms, is the recipient of the Association of Accounting Marketing (AAM) Marketing Achievement Award in three separate categories: Website, Digital Advertising, and Collateral and Content Marketing. The awards were announced at AAM’s annual conference in Portland, Oregon. ORBA was recognized for its […]