04.10.25
Why Aren’t You Using Rolling a Forecast?
Economic volatility and supply chain disruptions evolving from the COVID-19 pandemic have called into question the usefulness of traditional budgeting and forecasting methods. Pandemic shifted consumer preferences along with labor shortages and global trade tensions of today continue to put stress on the stability of the flow of goods. Fast-changing economic and market conditions can […]

02.18.25
A Primer on Energy Tax Incentives: FAQs About the Advanced Manufacturing Production Credit
The Inflation Reduction Act (IRA) includes several provisions related to tax incentives that encourage investment in clean energy production and energy-efficient property. One of these incentives is the advanced manufacturing production credit under Internal Revenue Code (IRC) Section 45X. The IRA extends and expands the Sec. 45X credit, which encourages domestic production of eligible clean […]

01.31.25
Tracking Individual Product Costs to Maximize Profits
Tracking product-specific cost information can be challenging, but the benefits can be significant. By tracking the costs and profitability of individual products, you will have an idea of where to make adjustments. Drill down Determining product-specific costs can require significant work. You will need to figure out the direct labor, material and other costs associated […]

03.20.25
Manufacturing and Distribution Group Newsletter – Winter 2025
ORBA's Manufacturing and Distribution Group's Newsletter advises on the importance of an up-to-date and accurate budget and business plan.

11.27.24
Manufacturing and Distribution Group Newsletter – Fall 2024
ORBA's Manufacturing and Distribution Group's Fall Newsletter explains the basics of transfer pricing for manufacturers and advises them on how to protect themselves from increasingly sophisticated ransomware attacks.

09.04.24
Manufacturing and Distribution Group Newsletter – Summer 2024
ORBA's Manufacturing and Distribution Group's Newsletter advises on how to face the continued shortage of skilled labor and warns those retiring with a manufacturing business to plan ahead regarding their succession decisions.

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, […]

03.11.25
ORBA Named to Accounting Today’s 2025 “Beyond the Top 100: Firms to Watch”; Firm also Recognized as a Great Lakes Region Leader
CHICAGO –  ORBA, one of Chicago’s premier public accounting firms, has been recognized once again by Accounting Today in their “Beyond the Top 100: Firms to Watch”, securing the 132nd spot. Additionally, ORBA is ranked among the top 25 firms in the Great Lakes Region, marking its 15th consecutive year on the “Top Firms: The Great Lakes” list.

02.12.25
ORBA Welcomes Bee Yang as Tax Group Director
ORBA, one of Chicago’s largest public accounting firms, is pleased to announce a new Director, Bee Yang, CPA, MST, as a member of the firm’s Tax Group.

01.27.25
ORBA Welcomes Nico Berrini as Director of Growth
ORBA, one of Chicago’s largest public accounting firms, is pleased to announce that Nico Berrini has joined the firm as its Director of Growth.

03.21.25
Disaster Victims of the 2025 California Wildfires may Qualify for Tax Relief
The 2025 California wildfires, declared as a major disaster on January 7, 2025, do not fall within FDTRA's definition of a "qualified disaster." However, other potential opportunities are available for those affected by this disaster.

02.11.25
President Trump’s Tax Plan: What Proposals are Being Discussed in Washington?
President Trump and the Republican Congress plan to act swiftly to make broad changes to the United States — including its federal tax system. Congress is already working on legislation that would extend and expand provisions of the sweeping Tax Cuts and Jobs Act (TCJA), as well as incorporate some of Trump’s tax-related campaign promises. To that end, GOP lawmakers in the U.S. House of Representatives have compiled a 50-page document that identifies potential avenues they may take, as well as how much these tax and other fiscal changes would cost or save. This Client Alert is a preview of potential changes that might be on the horizon.

01.14.25
Attention All Illinois Taxpayers: The Illinois Gives Tax Credit Act
For tax years ending on or after December 31, 2025, the program created under this Act offers a state income tax credit to individuals and businesses that submit an application through MyTax Illinois and, following approval of the application, contribute to permanent endowment funds held by Qualified Community Foundations (QCFs).  Subject to the limitations referenced below, the state income tax credit is equal to 25% of the amount contributed.

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.

03.11.25
ORBA Named to Accounting Today’s 2025 “Beyond the Top 100: Firms to Watch”; Firm also Recognized as a Great Lakes Region Leader
CHICAGO –  ORBA, one of Chicago’s premier public accounting firms, has been recognized once again by Accounting Today in their “Beyond the Top 100: Firms to Watch”, securing the 132nd spot. Additionally, ORBA is ranked among the top 25 firms in the Great Lakes Region, marking its 15th consecutive year on the “Top Firms: The Great Lakes” list.

02.12.25
ORBA Welcomes Bee Yang as Tax Group Director
ORBA, one of Chicago’s largest public accounting firms, is pleased to announce a new Director, Bee Yang, CPA, MST, as a member of the firm’s Tax Group.

01.27.25
ORBA Welcomes Nico Berrini as Director of Growth
ORBA, one of Chicago’s largest public accounting firms, is pleased to announce that Nico Berrini has joined the firm as its Director of Growth.