02.21.19
Implementing the New Lease Standards
Implementation of the long awaited lease standard is rapidly approaching. This standard will require an organization to capitalize all material leases, including operating leases. 

01.30.19
Getting the Most Out of Your Audit
Whether you are currently working on closing the year or in the midst of your organization’s busy time, your annual financial statement audit will be here before you know it, regardless of fiscal year end.

01.07.19
Streamlining for Savings
I am the CFO...and bookkeeper. I am a finance, accounting and HR department of one. I work three days per week in a 10’ x 10’ office with minimal storage or desk space. What's the key to my success?

02.13.19
Not-For-Profit Group Newsletter – Winter 2019
Our Not-For-Profit Group's Winter 2019 newsletter discusses the importance of monitoring your organization's financial statements, as well as newsworthy updates in the not-for-profit industry.

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. […]

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 […]

01.02.19
ORBA Ranked Among Crain’s 2018 Largest Accounting Firms
CHICAGO — Ostrow Reisin Berk & Abrams, Ltd. (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. This year, ORBA ranks as the 18th largest accounting firm with 147 professional staff members.

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, […]

02.11.19
Supreme Court to Address the Power of States to Tax Trusts
More than $120 billion of our nation’s income flows through trusts, and the Supreme Court will hear a case that may clarify how much states are able to tax.

01.31.19
2019 Tax Calendar
To help make sure that you do not miss any important 2019 deadlines, we have provided this summary of when various tax-related forms, payments and other actions are due.

01.29.19
IRS Provides QBI Deduction Changes Just in Time for Filing
The tax law signed in December 2017 included a dramatic cut in corporate tax rates and also a generous deduction for the qualified businesses income (QBI) of businesses that operate as pass-through entities (PTE)— sole proprietors, S corporations and partnerships (including LLC electing to be S corporations or partnerships).

01.02.19
Various Media – Crain’s Business Ranks ORBA Among Chicago’s Largest Accounting Firms
ORBA was recently mentioned in the media for being ranked 18th out of the 25 largest accounting firms in Chicago, listed by Crain’s Chicago Business. Reporting media include MarketWatch, Pittsburgh Business Times, the Daily Herald, Daily Penny Alerts and Chicago City Room. Click here to view the official press release.

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.

01.02.19
ORBA Ranked Among Crain’s 2018 Largest Accounting Firms
CHICAGO — Ostrow Reisin Berk & Abrams, Ltd. (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. This year, ORBA ranks as the 18th largest accounting firm with 147 professional staff members.

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, […]