03.21.23
How Rolling Forecasts Can Provide More Clarity
Some of the greatest economic concerns brought on by the pandemic has 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 […]

01.19.23
It Is Time to Analyze Your Research Expenditures
Recent changes to the tax treatment of research expenditures are having a big impact on many manufacturers’ tax bills. The most significant change took effect in 2022 pursuant to the Tax Cuts and Jobs Act (TCJA). It requires businesses to capitalize research and experimental (R&E) expenditures under IRC Section 174 and amortize them over five […]

11.23.22
Is Your Business Getting the Credits It Deserves?
It is a challenging time to grow a business. So, any help you can get in the form of tax credits, tax exemptions, grants, low-cost financing and other incentives can make a big difference. Unfortunately, these incentives often go unclaimed. Why? In most cases, businesses have to ask for them — either by claiming benefits […]

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.

12.20.22
Manufacturing and Distribution Group Newsletter – Fall 2022
ORBA's Manufacturing and Distribution Group's Newsletter looks at issues manufacturers entertaining a transition to a "Made in America" model should consider and advises business owners on developing a solid exit strategy should they decide to sell.

09.08.22
Manufacturing and Distribution Group Newsletter – Summer 2022
ORBA's Manufacturing and Distribution Group's Newsletter looks at issues manufacturers who allow a bring-your-own-device (BYOD) policy should consider and reviews what ESG is and the benefits of incorporating ESG practices.

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, […]

12.15.22
ORBA Named on America’s Best Tax and Accounting Firms 2023 List by Forbes
ORBA, one of Chicago’s largest public accounting firms, has been named on the Forbes list of America’s Best Tax and Accounting Firms 2023. This award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider.

12.15.22
ORBA Honored by the Chicago Tribune as a 2022 Top Workplace
CHICAGO — ORBA, one of Chicago’s largest public accounting firms, has been awarded a 2022 Top Workplaces honor by the Chicago Tribune. The award is based solely on employee feedback gathered through a third-party survey that is administered by employee engagement technology partner, Energage, LLC.

11.17.22
ORBA Ranks Among 2022 Largest Accounting Firms by Crain’s Chicago Business
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.

03.24.23
U.S. Supreme Court Rules Against the IRS on Critical FBAR Issue
The U.S. Supreme Court recently weighed in on an issue regarding a provision of the Bank Secrecy Act (BSA) that has split two federal courts of appeal. Its 5-4 ruling is welcome news for U.S. residents who “non-willfully” violate the law’s requirements for the reporting of certain foreign bank and financial accounts on what is generally known as an FBAR.

02.16.23
Reading the Tea Leaves: Potential Tax Legislation in the New Congress
The 2022 mid-term election has shifted the scales in Washington, D.C., with the Democrats no longer controlling both houses of Congress. While it remains to be seen if — and when — any tax-related legislation can muster the requisite bipartisan support, a review of certain provisions in existing laws may provide an indication of the many areas ripe for action in the next two years.

01.12.23
2023 Tax Calendar
To help you make sure that you do not miss any important 2023 deadlines, we have provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions about the deadlines or would like assistance in meeting them.

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.

12.15.22
ORBA Named on America’s Best Tax and Accounting Firms 2023 List by Forbes
ORBA, one of Chicago’s largest public accounting firms, has been named on the Forbes list of America’s Best Tax and Accounting Firms 2023. This award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider.

12.15.22
ORBA Honored by the Chicago Tribune as a 2022 Top Workplace
CHICAGO — ORBA, one of Chicago’s largest public accounting firms, has been awarded a 2022 Top Workplaces honor by the Chicago Tribune. The award is based solely on employee feedback gathered through a third-party survey that is administered by employee engagement technology partner, Energage, LLC.

11.17.22
ORBA Ranks Among 2022 Largest Accounting Firms by Crain’s Chicago Business
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.