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All (711) Blogs (190) Newsletters (38) Seminars & Events (29) Press Releases (117) Client Alerts (197) Media Mentions (24) Firm News (116)
Blogs
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 […]
12.07.23
Watchdog Launches Campaign to Measure Equitable Funding
Candid, the not-for-profit evaluation organization that resulted when GuideStar and Foundation Center merged, has announced a new data-driven campaign to encourage equitable funding practices. “Demographics via Candid” is designed to provide a standardized benchmark measurement, reduce inefficiencies and cut down on duplicate information requests from funders. Funders increasingly seek not-for-profits’ demographic information and organizations may […]
Newsletters
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.
09.27.23
Not-For-Profit Group Newsletter – Summer 2023
ORBA's Not-For-Profit Group's 2023 Summer Newsletter highlights what not-for-profits should do in order to protect themselves from potential fraud and scams through good internal controls and cybersecurity practices.
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
04.08.24
ORBA’s Stephanie Zaleski-Braatz Appointed to Illinois CPA Society’s Board of Directors
CHICAGO — ORBA, one of Chicago ’s largest independent accounting, tax and consulting firms, is pleased to announce that Stephanie Zaleski-Braatz, CPA has been named to the Illinois CPA Society's (ICPAS) Board of Directors. She will serve in this role for a three-year term through March 2027.
03.15.24
ORBA Named to Accounting Today’s 2024 “Beyond the Top 100: Firms to Watch”
ORBA, one of Chicago’s largest public accounting firms, has been named as one of Accounting Today’s “Beyond the Top 100: Firms to Watch” for 2024. The firm is also ranked among the top 20 firms in the Great Lakes Region.
01.08.24
ORBA Welcomes New Hires to Tax, Transaction Advisory and Cloud CFO Services Groups
CHICAGO — ORBA, one of Chicago’s largest public accounting firms, is pleased to announce that Luca Pescarini, Tony Salazar, Sasha Brenecki and Jeremy Elliott have joined the firm’s Tax Group, while Connor Lucas has joined the Cloud CFO Services Group.
Client Alerts
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.
03.22.24
President Biden’s Proposed Budget Highlights His Tax Agenda
President Biden has released his proposed budget for the 2025 fiscal year, including numerous tax provisions affecting both businesses and individual taxpayers. While most of these provisions have little chance of coming to fruition while the U.S. House of Representatives remains controlled by the Republican Party, they might gain new life depending on the outcome of the November elections.
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
04.08.24
ORBA’s Stephanie Zaleski-Braatz Appointed to Illinois CPA Society’s Board of Directors
CHICAGO — ORBA, one of Chicago ’s largest independent accounting, tax and consulting firms, is pleased to announce that Stephanie Zaleski-Braatz, CPA has been named to the Illinois CPA Society's (ICPAS) Board of Directors. She will serve in this role for a three-year term through March 2027.
03.15.24
ORBA Named to Accounting Today’s 2024 “Beyond the Top 100: Firms to Watch”
ORBA, one of Chicago’s largest public accounting firms, has been named as one of Accounting Today’s “Beyond the Top 100: Firms to Watch” for 2024. The firm is also ranked among the top 20 firms in the Great Lakes Region.
01.08.24
ORBA Welcomes New Hires to Tax, Transaction Advisory and Cloud CFO Services Groups
CHICAGO — ORBA, one of Chicago’s largest public accounting firms, is pleased to announce that Luca Pescarini, Tony Salazar, Sasha Brenecki and Jeremy Elliott have joined the firm’s Tax Group, while Connor Lucas has joined the Cloud CFO Services Group.