10.07.25
Not All Audits are the Same: A Rundown of What Your Not-For-Profit Might Need
Not-for-profit leaders and staff often regard the word “audit” with dread. After all, audits can be disruptive and cumbersome processes that eat up time and resources. But different types of audits come with other obligations and benefits. Here is what you need to know before you engage a financial professional to conduct an audit. Independent […]

08.14.25
Better Not-For-Profit Fundraising: Don’t Ignore State Solicitation Laws
Not-for-profit organizations shoulder a wide range of different compliance responsibilities. With so much to manage, the initial and ongoing requirements of applicable state charitable solicitation laws can sometimes fall through the cracks. Here’s what you need to know to avoid the potentially costly consequences of failing to follow applicable laws and regulations. What Do the […]

04.24.25
Highlights of the Revised Uniform Guidance
Federal agencies were required to adopt the U.S. Office of Management and Budget’s (OMB) latest revised Uniform Guidance (UG) by October 1, 2024. It affects organizations with a fiscal year ending September 30, 2025, and later. The revisions are being welcomed by many not-for-profit organizations because the changes aim to help reduce the burden on […]

05.22.25
Not-For-Profit Group Newsletter – Spring 2025
ORBA's Not-For-Profit Group's Spring Newsletter provides some best practices to consider for your organization's finance committee and advises readers on how manage endowments.

03.19.25
Not-For-Profit Group Newsletter – Winter 2025
ORBA's Not-For-Profit Group's Winter Newsletter reviews how penetration (pen) testing can help organizations preempt intrusions and attacks by identifying weaknesses so they can proactively address them and outlines the potential tax penalties that can result if the IRS deems your compensation more than reasonable.

11.27.24
Not-For-Profit Group Newsletter – Fall 2024
ORBA's Not-For-Profit Group's Fall Newsletter highlights a survey that suggests many not-for-profit CEOs are considering leaving their jobs and warns about the practice of paying officers to provide services, potentially opening your not-for-profit up to the responsibility of paying employment taxes.

08.09.23
What Not-For-Profits Need to Know About Implementing ASC 842 Leases
The Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC) 842, Leases, codifies significant changes to how lessees and lessors—including not-for-profit organizations—report and disclose lease obligations for fiscal years ended December 31, 2022 and thereafter. Is your organization prepared? Join ORBA Director Jim Quaid and ORBA Audit Manager Barbara Miller for a complimentary webinar as they dive into the […]

09.08.22
What Not-For-Profits Need to Know About ASC 842 Leases
The Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC) 842, Leases, codifies significant changes to how lessees and lessors—including not-for-profit organizations—report and disclose lease obligations for fiscal years beginning after December 15, 2021. Is your organization prepared? Join ORBA Director Jim Quaid and ORBA Manager Kelly Buchheit in this complimentary webinar as they dive […]

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 […]

08.11.25
ORBA Ranked as a 2025 Top 200 Firm by INSIDE Public Accounting
CHICAGO — ORBA, one of Chicago’s largest public accounting firms, has once again been recognized as a 2025 IPA Top 200 Firm by INSIDE Public Accounting (IPA). This marks the eleventh time since 2013 that ORBA has made the list of the country’s top firms. In the IPA’s annual report, ORBA is ranked #113, climbing five spots higher than last year, and is the highest ranked of the six Illinois firms on the Top 200 list.

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.

10.01.25
IRS Releases Guidance on Changes to R&E Expensing
Among its numerous tax provisions, the One Big Beautiful Bill Act (OBBBA) reinstated immediate deductions for research and experimental (R&E) expenditures under Internal Revenue Code Section 174, beginning in 2025. The IRS has recently issued transitional guidance (Revenue Procedure 2025-28) on how this change will be implemented. This transitional guidance addresses several critical issues. Here is what businesses of all sizes need to know.

08.25.25
How Will the Changes to the SALT Deduction Affect Your Tax Planning?
As part of recent legislative changes, several clean energy tax incentives established or expanded by the Inflation Reduction Act (IRA) are being modified or phased out with the passage of the One, Big, Beautiful Bill Act (OBBBA). Below is an overview of the adjustments and eliminations affecting both individuals and businesses regarding clean energy tax incentives under the OBBBA.

08.07.25
The OBBBA Will Soon Modify or Eliminate Certain Clean Energy Tax Incentives
As part of recent legislative changes, several clean energy tax incentives established or expanded by the Inflation Reduction Act (IRA) are being modified or phased out with the passage of the One, Big, Beautiful Bill Act (OBBBA). Below is an overview of the adjustments and eliminations affecting both individuals and businesses regarding clean energy tax incentives under the OBBBA.

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.

08.11.25
ORBA Ranked as a 2025 Top 200 Firm by INSIDE Public Accounting
CHICAGO — ORBA, one of Chicago’s largest public accounting firms, has once again been recognized as a 2025 IPA Top 200 Firm by INSIDE Public Accounting (IPA). This marks the eleventh time since 2013 that ORBA has made the list of the country’s top firms. In the IPA’s annual report, ORBA is ranked #113, climbing five spots higher than last year, and is the highest ranked of the six Illinois firms on the Top 200 list.

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.