02.07.19
FASB Expands VIE Exception for Private Companies
Private manufacturers often set up separate legal entities to hold real estate or operate new but separate business ventures. Under current accounting rules, these entities are typically considered variable interest entities that must be consolidated on to the controlling entity’s financial statements under current GAAP.

01.14.19
Critical Questions to Ask About Internal Controls
When fraud strikes manufacturers, the effects can be devastating. The median fraud loss in the manufacturing sector was $240,000, according to the 2018 Report to the Nations published by the Association of Certified Fraud Examiners. Internal controls are a company’s first line of defense in preventing and detecting fraudulent activity.

12.28.18
Moving Your Business to the Cloud
Many manufacturers and distributors have already jumped aboard the cloud computing bandwagon, but is it right for your business?

02.20.19
Manufacturing and Distribution Group Newsletter – Winter 2019
Our Manufacturing & Distribution Group's Winter 2019 Newsletter offers five tips for boosting your profits, as well as insight on how tax reform may benefit your company.

11.13.18
Manufacturing and Distribution Group Newsletter – Fall 2018
Our Manufacturing & Distribution Group's Fall 2018 Newsletter explains the new limitations on business interest expense deductions, as well as the benefits of consulting employees for solutions regarding potential operating problems within your company.

08.21.18
Manufacturing and Distribution Group Newsletter – Summer 2018
Vendor Fraud: Know the Warning Signs Brandon Vahl, CPA, CFE When fraud strikes, the culprit might be sitting in your purchasing department. This department is particularly vulnerable to fraud because of the volume of transactions it processes and the varying pricing and billing policies that vendors use. Phony vendors A common type of purchasing scheme […]

01.02.19
ORBA Ranked Among Crain’s 2018 Largest Accounting Firms
CHICAGO — 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. This year, ORBA ranks as the 18th largest accounting firm with 147 professional staff members.

07.30.18
ORBA Named Among Top 200 Public Accounting Firms for 2018 by INSIDE Public Accounting
CHICAGO – Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest public accounting firms, has been named as one of the country’s Top 200 Firms for 2018 by INSIDE Public Accounting (IPA). ORBA is ranked #125 on the list in the annual report. IPA 100, 200 and 300 firms are ranked by U.S. net revenues […]

07.11.18
ORBA Elects New Directors
CHICAGO — Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest public accounting firms, is proud to announce that Adam Pechin, CPA, MST, and Thomas Vance, JD, LLM, have been promoted to Directors of the firm effective July 1, 2018. “We are excited to have Adam and Tom join our growing group of young, […]

02.11.19
Supreme Court to Address the Power of States to Tax Trusts
More than $120 billion of our nation’s income flows through trusts, and the Supreme Court will hear a case that may clarify how much states are able to tax.

01.31.19
2019 Tax Calendar
To help make sure that you do not miss any important 2019 deadlines, we have provided this summary of when various tax-related forms, payments and other actions are due.

01.29.19
IRS Provides QBI Deduction Changes Just in Time for Filing
The tax law signed in December 2017 included a dramatic cut in corporate tax rates and also a generous deduction for the qualified businesses income (QBI) of businesses that operate as pass-through entities (PTE)— sole proprietors, S corporations and partnerships (including LLC electing to be S corporations or partnerships).

01.02.19
Various Media – Crain’s Business Ranks ORBA Among Chicago’s Largest Accounting Firms
ORBA was recently mentioned in the media for being ranked 18th out of the 25 largest accounting firms in Chicago, listed by Crain’s Chicago Business. Reporting media include MarketWatch, Pittsburgh Business Times, the Daily Herald, Daily Penny Alerts and Chicago City Room. Click here to view the official press release.

07.30.18
Various Media – ORBA Ranked Among IPA Top 200 Public Accounting Firms
ORBA was mentioned in the media for being named among the Top 200 Public Accounting Firms of 2018 by INSIDE Public Accounting (IPA). Reporting media include: Yahoo! Finance, MarketWatch, Chicago Business News, the Daily Herald, and Chicago CityRoom  

07.13.18
Various Media – ORBA Elects New Directors
ORBA  is proud to announce that Adam Pechin, CPA, MST, and Thomas Vance, JD, LLM, have been promoted to Directors of the firm effective July 1, 2018. Reporting media include Accounting Today, the Washington Business Journal, the Triangle Business Journal, Yahoo! Finance, the Daily Herald, and Chicago City Room. Click here to view the official press release.

01.02.19
ORBA Ranked Among Crain’s 2018 Largest Accounting Firms
CHICAGO — 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. This year, ORBA ranks as the 18th largest accounting firm with 147 professional staff members.

07.30.18
ORBA Named Among Top 200 Public Accounting Firms for 2018 by INSIDE Public Accounting
CHICAGO – Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest public accounting firms, has been named as one of the country’s Top 200 Firms for 2018 by INSIDE Public Accounting (IPA). ORBA is ranked #125 on the list in the annual report. IPA 100, 200 and 300 firms are ranked by U.S. net revenues […]

07.11.18
ORBA Elects New Directors
CHICAGO — Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest public accounting firms, is proud to announce that Adam Pechin, CPA, MST, and Thomas Vance, JD, LLM, have been promoted to Directors of the firm effective July 1, 2018. “We are excited to have Adam and Tom join our growing group of young, […]