06.21.22
Unused Gift Cards: Windfall or Burden?
Gift cards can be an attractive option for restaurants and customers alike. For customers, they provide an easy, yet thoughtful, gift idea. And for restaurants, they help increase revenue, attract new customers and build customer loyalty. Another potential benefit is that many gift cards go unused or are only partially used — a phenomenon known […]

12.23.21
What Is Happening With the Employee Retention Credit?
On November 15, 2021, President Biden signed the Infrastructure Investment and Jobs Act (IIJA) into law. One of the Act’s provisions terminated the Employee Retention Credit (ERC) retroactively to September 30, 2021, except for eligible “recovery startup businesses.” Previously, the ERC was scheduled to continue through the end of 2021, which would have allowed eligible […]

10.20.21
Heads Up, Restaurants: Federal Relief Could Trigger a Single Audit
Since the outbreak of COVID-19, the restaurant industry has been one of the hardest hit by the pandemic’s impacts, leading to spikes in business closures, continued capacity limitations, and unprecedented loss in both jobs and sales. However, many establishments were able to keep their doors open and continue to serve customers throughout the course of […]

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 […]

06.03.20
What You Need to Know About Paycheck Protection Program Loan Forgiveness
Join ORBA’s Frank L. Washelesky on Friday, May 29, for a complimentary webinar that will provide clarity on the PPP Loan Forgiveness rules. 

09.26.13
Making the Affordable Care Act Affordable for Your Company
Robert Swenson and Anita Wescott will be presenting at a President's Resource Organization seminar on September 26, from 8:00-10:30 a.m. entitled, "Making the Affordable Care Act Affordable for Your Company," which will be held at the Mission Hills Country Club.

04.28.22
ORBA Wins 2022 Top Workplaces Culture Excellence Award
ORBA, one of Chicago’s largest public accounting firms, is pleased to announce that it has earned the 2022 Top Workplaces Culture Excellence Awards for Compensation & Benefits, Innovation and Leadership.

04.06.22
ORBA Welcomes Rachel Farrell to its Human Resources Department
ORBA, one of Chicago’s largest public accounting firms, is pleased to welcome Rachel Farrell to its Human Resources Department as a Human Resources Generalist.

04.04.22
ORBA’s Stephanie Zaleski-Braatz Named Chair of Illinois CPA Society’s Young Leaders Advisory Council
ORBA, one of Chicago’s largest public accounting firms, is proud to announce that  Stephanie Zaleski-Braatz, CPA has been named Chair of the Illinois CPA Society (ICPAS) Young Leaders Council (YLAC). She will serve in this role for a two-year term through March 31, 2024.

06.17.22
Four Tips for Working With a Resource-Constrained Internal Revenue Service
Federal tax professionals working to resolve issues with the IRS can attest to the multifaceted impacts of the agency’s resource constraints on taxpayer service. The signs are evident, for instance, in the long wait times for calls to be answered, tax return processing delays and increased instances of penalties being assessed against compliant taxpayers.

06.16.22
Standard Business Mileage Rate to Increase on July 1 for Second Half of 2022
The IRS recently announced that it will increase the standard mileage rate for qualified business driving for the second half of 2022. The mid-year adjustment reflects the soaring cost of gasoline this year. In fact, as of June 13, the nationwide average price of regular unleaded gas was $5.01 a gallon, according to the AAA Gas Prices website. This is compared with $3.08 a gallon a year ago.

05.18.22
New Tax Reporting Requirements for Payment Apps Could Affect You
If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square or PayPal, you could be affected by new tax reporting requirements that take effect for 2022. They do not alter your tax liability, but they could add to your recordkeeping burden, as well as the number of tax-related documents that you receive every January in anticipation of tax-filing season.

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.

04.28.22
ORBA Wins 2022 Top Workplaces Culture Excellence Award
ORBA, one of Chicago’s largest public accounting firms, is pleased to announce that it has earned the 2022 Top Workplaces Culture Excellence Awards for Compensation & Benefits, Innovation and Leadership.

04.06.22
ORBA Welcomes Rachel Farrell to its Human Resources Department
ORBA, one of Chicago’s largest public accounting firms, is pleased to welcome Rachel Farrell to its Human Resources Department as a Human Resources Generalist.

03.09.22
ORBA Named to Accounting Today’s 2022 “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 2022. The firm is also ranked among the top 25 firms in the Great Lakes Region.