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All (609) Blogs (134) Newsletters (37) Seminars & Events (6) Press Releases (110) Client Alerts (191) Media Mentions (21) Firm News (110)
Blogs
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 […]
11.16.23
High Mortgage Rates Hamper Housing Market Outlook
The U.S. home market has struggled throughout 2023, burdened with 30-year fixed mortgage rates that passed 8% for the first time since 2000. The high rates have been one of the reasons that buyers have faced a historically unaffordable market. Rates have retreated a bit since that peak, but what does the future hold for […]
10.05.23
Renting vs. Buying in Today’s Home Market
According to the Census Bureau, the U.S. homeownership rate has consistently hovered around 66% for some time, but this does not mean purchasing a home—rather than renting—is the right choice for everyone. The decision to rent or buy is one that can cause heated debates, and while the American Dream was to own a house […]
Newsletters
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.
12.21.23
Real Estate Group Newsletter – Fall 2023
ORBA's Real Estate Group's Newsletter covers the changes to the Alternative Cost Method (ACM) and urges real estate professionals to document their material participation in business operations.
08.29.23
Real Estate Group Newsletter – Summer 2023
ORBA's Real Estate Group's Newsletter covers the tax liability for owners of homes following the original owner's passing and discusses the benefits of investing in a "Qualified Opportunity Zone," or an area that experiences preferential tax treatment to encourage investment.
Seminars & Events
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.
Press Releases
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.
12.14.23
ORBA Welcomes New Hires to Audit and Tax Groups
ORBA, one of Chicago’s largest public accounting firms, is pleased to welcome Ahmed Awwad, Cindy Montalvo and Vicki McLennan to the firm’s Audit and Tax Groups.
Client Alerts
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.
03.05.24
Proposed Donor-Advised Fund Regulations Could Affect Your Financial Advisor’s Suggestions
Donor-advised funds (DAFs) have become a very popular vehicle for donors interested in securing significant tax benefits, but a proposed IRS regulation may deter financial advisors from recommending DAFs to their clients.
02.29.24
Independent Contractor vs. Employee Status: The DOL Issues New Final Rule
The test used by the U.S. Department of Labor (the “DOL”) for determining whether a worker should be classified as an independent contractor or an employee for purposes of the federal Fair Labor Standards Act (FLSA) has been revised several times over the past decade. Now, the DOL is implementing a new final rule to replace the employer-friendly test that was developed in 2021 (the “2021 Independent Contractor Rule”). The new, more employee-friendly rule takes effect March 11, 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
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.
12.14.23
ORBA Welcomes New Hires to Audit and Tax Groups
ORBA, one of Chicago’s largest public accounting firms, is pleased to welcome Ahmed Awwad, Cindy Montalvo and Vicki McLennan to the firm’s Audit and Tax Groups.