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All (722) Blogs (191) Newsletters (39) Seminars & Events (29) Press Releases (121) Client Alerts (198) Media Mentions (24) Firm News (120)
Blogs
07.15.24
Not-For-Profit Leaders Share AI Concerns
Artificial intelligence (AI) seems to be everywhere these days, including in not-for-profits. A recent survey by Stanford University’s Institute for Human-Centered Artificial Intelligence and Project Evident explores the current use of, interest in and opportunity for AI in the social and education sectors. The survey’s results show that AI already has a considerable presence there; […]
04.25.24
Crowdfunding Comes with Tax Risks
Crowdfunding campaigns are designed to raise money for individuals or causes and have risen in popularity in recent years. Some not-for-profits have benefited from the trend, but supporters and organizers of crowdfunding campaigns may not understand the tax implications. These can differ significantly from tax rules for traditional charitable giving. If your organization is considering […]
03.07.24
What Do You Know about Form 990? Board Review Can Benefit Not-For-Profit Governance
Most board members know — or should know — that the not-for-profit organization they serve files an annual Form 990 information return with the IRS. However, not every board member knows that they can, and should, review the form before it is submitted. Read on to learn why such board reviews are important and how […]
Newsletters
06.04.24
Not-For-Profit Group Newsletter – Spring 2024
ORBA's Not-For-Profit Group's 2024 Spring Newsletter covers the reasons to make allocations and the various methods used, as well as what your organization needs to know if it is considering DAF funds.
02.20.24
Not-For-Profit Group Newsletter – Winter 2024
ORBA's Not-For-Profit Group's 2024 Winter Newsletter covers new resources for not-for-profit organizations, including AI tools, and provides insight into what factors a not-for-profit should consider before taking out a loan.
12.14.23
Not-For-Profit Group Newsletter – Fall 2023
ORBA's Not-For-Profit Group's Newsletter cautions not-for-profit organizations of the potentially unexpected tax implications of alternative investments and provides an overview of the nonfinancial information on Form 990 and where to find it.
Seminars & Events
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 […]
Press Releases
06.04.24
ORBA Adds Salt Lake City Office to its Accounting, Tax and Advisory Practice: Experienced Local CPA, Darin Fullmer, to Manage
SALT LAKE CITY — Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest full-service accounting, tax and advisory firms, proudly announces the opening of its first office outside the Midwest in Salt Lake City, Utah.
06.03.24
ORBA’s Newly Opened Salt Lake City Office Welcomes Three New Hires
SALT LAKE CITY — ORBA is pleased to announce the addition of three team members to its newly-opened downtown office in Salt Lake City. The new team includes Darin Fullmer, who is the head of the Salt Lake City Office, along with Lora Broberg, a Manager, and Lilli Panter, a Senior Tax Associate.
06.01.24
ORBA Welcomes New Hires to Tax, Audit, Cloud CFO Services and Operations Management Groups
CHICAGO — ORBA, one of Chicago’s largest public accounting firms, is pleased to announce that Tony Van Howe has joined the firm as a Controller in the Operations Management Group, Derek Mammen joins the firm’s Audit Group, Brian Ford joins the firm’s Tax Group and Tiffany St. Peter joins the Cloud CFO Services Group.
Client Alerts
06.27.24
SECURE 2.0: Which Provisions Went into Effect in 2024?
The Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act was signed into law in December 2022, bringing more than 90 changes to retirement plan and tax laws. Many of its provisions are little known and were written to roll out over several years rather than immediately taking effect. This Client Alert covers the most important changes coming into effect this year.
05.06.24
IRS Extends Relief for Inherited IRAs
For the third consecutive year, the IRS has published guidance that offers some relief to taxpayers subject to the “10-year rule” for required minimum distributions (RMDs) from inherited IRAs or other defined contribution plans. However, the IRS also indicated in Notice 2024-35 that forthcoming final regulations for the rule will apply for the purposes of determining RMDs from such accounts in 2025.
05.02.24
IRS Issues Guidance on Tax Treatment of Energy Efficiency Rebates
The Inflation Reduction Act (IRA) established and expanded numerous incentives to encourage taxpayers to increase their use of renewable energy and adoption of a range of energy efficient improvements. In particular, the law includes funding for nearly $9 billion in home energy rebates. While the rebates are not yet available, many states are expected to launch their programs in 2024.
Media Mentions
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.
Firm News
06.04.24
ORBA Adds Salt Lake City Office to its Accounting, Tax and Advisory Practice: Experienced Local CPA, Darin Fullmer, to Manage
SALT LAKE CITY — Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest full-service accounting, tax and advisory firms, proudly announces the opening of its first office outside the Midwest in Salt Lake City, Utah.
06.03.24
ORBA’s Newly Opened Salt Lake City Office Welcomes Three New Hires
SALT LAKE CITY — ORBA is pleased to announce the addition of three team members to its newly-opened downtown office in Salt Lake City. The new team includes Darin Fullmer, who is the head of the Salt Lake City Office, along with Lora Broberg, a Manager, and Lilli Panter, a Senior Tax Associate.
06.01.24
ORBA Welcomes New Hires to Tax, Audit, Cloud CFO Services and Operations Management Groups
CHICAGO — ORBA, one of Chicago’s largest public accounting firms, is pleased to announce that Tony Van Howe has joined the firm as a Controller in the Operations Management Group, Derek Mammen joins the firm’s Audit Group, Brian Ford joins the firm’s Tax Group and Tiffany St. Peter joins the Cloud CFO Services Group.