07.23.24
Short-Term Rentals and Taxes: What Hosts Need to Know
Short-term rentals (STRs) offered through platforms such as Airbnb and VRBO have become a common part of vacation planning. If you have ever stayed in someone else’s home instead of a hotel, you may have thought about how you, too, could profit by renting out part or all of your own property. It may seem […]

05.08.24
Delaware Statutory Trusts: Are They Right for You?
Both established real estate investors and those interested in dipping their toes into the commercial real estate pool increasingly are considering acquiring interests in Delaware statutory trusts (DSTs). While these vehicles come with several potential benefits, they are not for everyone. Here is what you need to know. How DSTs Work When you invest in […]

02.08.24
Pass-Through Entity Taxes Can Pay Off For Real Estate Firms
The Tax Cuts and Jobs Act of 2017’s (TCJA’s) limit on the federal income tax deduction for state and local taxes (SALT) has proven costly for many owners of real estate businesses. However, more than 30 states1 have now enacted a workaround for pass-through entities (PTEs) that could provide some welcomed tax relief. The Impact […]

09.12.24
Real Estate Group Newsletter – Summer 2024
ORBA's Real Estate Group's Spring Newsletter discusses the various legal and tax considerations of owning various types of real estate, including out of state residential rentals.

06.06.24
Real Estate Group Newsletter – Spring 2024
ORBA's Real Estate Group's Spring Newsletter discusses the various legal and tax considerations of owning various types of real estate, including out of state residential rentals.

02.22.24
Real Estate Group Newsletter – Winter 2024
ORBA's Real Estate Group's Winter Newsletter discusses the potential impact of AI in the industry and outlines tax considerations for anyone interested in converting in their vacation home to their primary residence.

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 […]

11.04.21
Real Estate Tax Planning in an Uncertain Tax Environment
The economic effects of the COVID-19 pandemic, coupled with proposed tax legislation, have laid an unstable foundation for professionals in the real estate industry. Join members of ORBA’s Real Estate Group for a complimentary webinar, moderated by Jeffrey Newman, as they discuss the unique tax challenges that are currently top of mind for many professionals in the industry.

11.05.20
Legal, Financial and Tax Issues Affecting Real Estate in a COVID-19 Environment
Join ORBA’s Michael Kovacs, Jeffrey Newman, Thomas Kosinski, Tamara Partridge, Thomas Vance, Justin Sylvan, and guest speakers, John Morse, partner at Patzik Frank & Samotny, Ltd., and Alan Weel, senior vice president at Wintrust Commercial Real Estate, for a complimentary webinar discussing the legal, financial and tax implications of the pandemic on the real estate industry.

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.

08.15.24
IRS Issues Final Guidance on Required Minimum Distributions and Inherited Retirement Accounts
IRS Ruling Final Regulations 2024-14542 includes final guidance on Required Minimum Distributions (RMDs), inherited retirement accounts and other items. This Client Alert is a high-level overview of certain provisions and changes. This does not cover all provisions included in the 260 page final regulations.

07.31.24
IRS Ramps up Compliance Enforcement against Certain Businesses
The Inflation Reduction Act provided the IRS with billions of dollars of additional funding to reduce the so-called “tax gap” between what taxpayers owe and what they actually pay. The tax agency has already launched numerous initiatives aimed at this goal, including several business-related compliance campaigns.

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.

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.

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.