01.18.21
Stimulus Legislation Offers Relief for the Restaurant Industry
On December 27, 2020, the Consolidated Appropriations Act (the Relief Act) was signed into law, authorizing additional stimulus payments to individuals, extending enhanced unemployment relief and providing a variety of benefits for struggling businesses. The following is a brief overview of the provisions most relevant to restaurants. Deductibility of Expenses Paid with PPP Loans Last […]

12.01.20
Final Meal and Entertainment Regulations — A Much-Needed Win for the Restaurant Industry
As the restaurant industry continues to struggle amid the COVID-19 pandemic, any relief that can help restaurants boost their cash flow is welcome. Recently, the IRS issued final regulations regarding limits on the deductibility of meal and entertainment expenses. The regulations confirm that most entertainment expenses are nondeductible, but they clarify that some meal expenses […]

10.21.20
The RESTAURANTS Act: Will Congress Deliver Additional Financial Relief?
As the COVID-19 pandemic continues to take a toll on the U.S. economy, restaurants and bars remain among the hardest-hit businesses. A bill pending in Congress, if enacted, would provide the industry with much-needed financial relief. The tortuously named Real Economic Support That Acknowledges Unique Restaurant Assistance Needed To Survive (RESTAURANTS) Act of 2020 would […]

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.

12.01.20
ORBA Joins the BDO Alliance USA
ORBA, one of Chicago’s largest public accounting firms, has joined the BDO Alliance USA, a nationwide association of independently-owned local and regional accounting, consulting and service firms with similar client service goals.

11.18.20
ORBA Ranks Among 2020 Largest Accounting Firms by Crain’s Chicago Business  
Ostrow Reisin Berk & Abrams, Ltd. (ORBA), a full-service accounting, tax and business consulting firm, has been ranked as one of the largest accounting firms in Chicago, according to an annual survey published by Crain’s Chicago Business. ORBA has made Crain’s annual list every year since 2013.

11.12.20
The Chicago Tribune Features ORBA for its Proactive Approach to Diversity and Inclusion
Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest public accounting firms, was recently featured in The Chicago Tribune for its proactive, forward-thinking approach to diversity and inclusion.

01.20.21
Paycheck Protection Program: Update to Loan Forgiveness Applications
On January 19, 2021, revised PPP Loan Forgiveness Applications were released. The forms address significant changes in the recent law and simplify the loan forgiveness process for borrowers with loans of $150,000 or less.

01.11.21
Paycheck Protection Program Reopening for First and Second Draw Loans
On January 8, 2021, the Small Business Administration (SBA) announced that the Payroll Protection Program (PPP) will reopen this week.  The application deadline is March 31, 2021 or when the funds are exhausted.

01.11.21
New Stimulus Package Extends and Expands the Employee Retention Credit
The Employee Retention Credit (ERC) was created by the CARES Act on March 27, 2020 to encourage businesses to keep employees on their payroll and continue providing health care benefits during the coronavirus pandemic. The ERC is a refundable payroll tax credit for wages and health care costs paid by an employer whose operations were fully or partially suspended due to a COVID-19 related governmental order or experienced a significant reduction in gross receipts.  

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.

12.01.20
ORBA Joins the BDO Alliance USA
ORBA, one of Chicago’s largest public accounting firms, has joined the BDO Alliance USA, a nationwide association of independently-owned local and regional accounting, consulting and service firms with similar client service goals.

11.18.20
ORBA Ranks Among 2020 Largest Accounting Firms by Crain’s Chicago Business  
Ostrow Reisin Berk & Abrams, Ltd. (ORBA), a full-service accounting, tax and business consulting firm, has been ranked as one of the largest accounting firms in Chicago, according to an annual survey published by Crain’s Chicago Business. ORBA has made Crain’s annual list every year since 2013.

11.12.20
The Chicago Tribune Features ORBA for its Proactive Approach to Diversity and Inclusion
Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest public accounting firms, was recently featured in The Chicago Tribune for its proactive, forward-thinking approach to diversity and inclusion.