07.26.23
Why Some Manufacturers are “Reshoring” Their Operations
In recent years, there has been an emerging reshoring trend among U.S. manufacturers. The Reshoring Initiative, a non-profit organization, estimates that from 2021 to 2022, the number of new U.S. jobs from reshoring and foreign direct investment increased by nearly 35%. Reasons to use domestic sources The COVID-19 pandemic exposed serious supply chain risks associated […]

06.20.23
Inflation Reduction Act of 2022
Take advantage of new tax incentives for manufacturers Despite its name, the Inflation Reduction Act (IRA) does more than combat rising prices. According to the White House, the Act represents the “single largest investment in climate and clean energy solutions in American history.” The IRA contains several tax incentives that benefit manufacturers, including expanded deductions […]

03.30.23
How Rolling Forecasts Can Provide More Clarity
Some of the greatest economic concerns brought on by the pandemic have been financial instabilities and volatility.  These pressing issues have forced a stark lesson in pre-planning and have put the spotlight on the weaknesses of traditional budgeting and forecasting methods. In this new unstable environment, annual budgets quickly become cumbersome to prepare. Sudden economic […]

09.11.23
Manufacturing and Distribution Group Newsletter – Summer 2023
ORBA's Manufacturing and Distribution Group's Summer Newsletter discusses how SECURE 2.0 makes it easier for employees to save for retirement and advises manufacturers on the benefits of using segmented income statements.

06.01.23
Manufacturing and Distribution Group Newsletter – Spring 2023
ORBA's Manufacturing and Distribution Group's Spring Newsletter discusses the importance of monitoring work-in-process inventory and advises business owners to take concrete steps to limit employee turnover, considering the significant cost of training as well as less obvious losses.

03.02.23
Manufacturing and Distribution Group Newsletter – Winter 2023
ORBA's Manufacturing and Distribution Group's Winter Newsletter discusses how waste impacts a manufacturer's bottom line and advises business owners on strategies to reduce occupational fraud.

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. 

05.07.19
The Impact of the New Tax Law on Manufacturers and Distributors
Managing and operating a manufacturing and distribution business in the wake of the Tax Cuts and Jobs Act (TCJA) can feel like an overwhelming task. However, there are provisions under the new tax law that present both opportunities and challenges to the industry. Join ORBA for this free breakfast seminar as Joel Herman, Tom Vance, […]

09.01.23
ORBA Welcomes Tina Chen as Director of Human Resources
ORBA, one of Chicago’s largest public accounting firms, is pleased to announce the appointment of Tina Chen as its new Director of Human Resources.

08.30.23
ORBA Promotes Kelly Buchheit and Kevin Omahen to Directors
ORBA, one of Chicago’s largest public accounting firms, is pleased to announce that Kelly Buchheit, CPA and Kevin Omahen, CPA have been promoted to Directors effective August 1.

07.17.23
ORBA Welcomes New Hires to Audit Group, Tax Group and Marketing Department
CHICAGO — ORBA, one of Chicago’s largest public accounting firms, is pleased to announce that Carrie Hale, Tommy Nguyen and Kaleb Spreitzer have joined the firm’s Tax and Audit Groups, while Stephanie Becker has joined the firm’s Marketing Department.

09.20.23
IRS suspends processing of ERC claims
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERC), the IRS has imposed an immediate moratorium through at least the end of 2023 on processing new claims for the credit. The reason the IRS cites for the move is the risk of honest small business owners being scammed by unscrupulous promoters who submit questionable claims on their behalf.

09.19.23
IRS Issues Guidance on New Retirement Catch-Up Contribution Rules
In December 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. Among other things, the sweeping new law made some significant changes to so-called catch-up contributions, with implications for both employers and employees.

09.18.23
Tax Relief for Hurricane Idalia Victims
The IRS postponed deadlines to file various individual and business tax returns and make tax payments for taxpayers affected by Hurricane Idalia in Florida and in South Carolina. Affected individuals and businesses in Florida will have until February 15, 2024 to file returns and pay any taxes that were originally due after August 26, 2023 in Florida and August 29, 2023 in South Carolina.

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.

09.01.23
ORBA Welcomes Tina Chen as Director of Human Resources
ORBA, one of Chicago’s largest public accounting firms, is pleased to announce the appointment of Tina Chen as its new Director of Human Resources.

08.30.23
ORBA Promotes Kelly Buchheit and Kevin Omahen to Directors
ORBA, one of Chicago’s largest public accounting firms, is pleased to announce that Kelly Buchheit, CPA and Kevin Omahen, CPA have been promoted to Directors effective August 1.

07.17.23
ORBA Welcomes New Hires to Audit Group, Tax Group and Marketing Department
CHICAGO — ORBA, one of Chicago’s largest public accounting firms, is pleased to announce that Carrie Hale, Tommy Nguyen and Kaleb Spreitzer have joined the firm’s Tax and Audit Groups, while Stephanie Becker has joined the firm’s Marketing Department.