Services
Overview
Peggy Vyborny began her career at ORBA in 2003 and is a member of the firm’s Not-For-Profit, Wealth Management and Real Estate Groups. She is also a Director and a member of the Executive Board. Peggy has gained extensive experience providing auditing, accounting and tax services to a wide variety of clients, including many privately-held companies, not-for-profit organizations, professional athletes and individuals during her time at ORBA. Her specialties include analyzing financial statements, conducting tax planning and research, and providing training and support to clients.
Peggy is actively involved in the development of ORBA’s internal training program. She shares her knowledge with the ORBA team by conducting workshops on various tax and accounting topics.
Services
Overview
Peggy Vyborny began her career at ORBA in 2003 and is a member of the firm’s Not-For-Profit, Wealth Management and Real Estate Groups. She is also a Director and a member of the Executive Board. Peggy has gained extensive experience providing auditing, accounting and tax services to a wide variety of clients, including many privately-held companies, not-for-profit organizations, professional athletes and individuals during her time at ORBA. Her specialties include analyzing financial statements, conducting tax planning and research, and providing training and support to clients.
Peggy is actively involved in the development of ORBA’s internal training program. She shares her knowledge with the ORBA team by conducting workshops on various tax and accounting topics.
Proactive
Peggy works closely with her clients to understand their business and goals. She listens carefully to their successes and challenges and finds unique ways to solve problems. Peggy is always available to consult with her clients and enjoys creating long-term relationships with them.
Outside of the Office
Outside of the office you will find Peggy spending time with her family enjoying a variety of activities. They love traveling and exploring new places together.
Certifications & Licenses
- Certified Public Accountant
Memberships & Affiliations
- American Institute of Certified Public Accountants
- Illinois CPA Society
- Upstream Academy Future Leaders Practice Group
Education
- B.S., Accounting and Finance, Indiana University
Blogs
Your Estate Plan Needs to Reflect Life Changes
Estate planning is not a “set it and forget it” proposition. You should review your plan regularly and update it to reflect changes in your personal or financial circumstances. Personal and financial shifts Perhaps your net worth has substantially increased or decreased or you have acquired or disposed of valuable assets. If you got married, […]
Approaching 65? Get Up to Speed on Medicare
Managing health insurance costs is a key component of retirement planning. Medicare eligibility generally starts at age 65. But, given the number of decisions that you will need to make about the timing and scope of coverage, it is a good idea to start preparing well in advance. Medicare is complex and navigating the many […]
How a Charitable Remainder Trust Can Work as a “Stretch IRA” Substitute
Until recently, if you named someone other than your spouse as the beneficiary of your IRA or qualified retirement plan, that person would have the option of taking distributions over his or her life expectancy. This strategy, commonly called a “stretch” IRA, offered significant advantages by allowing distributions to be spread over decades. But the […]
Wait! Do Not Leave Your Job Without Your Retirement Account
When you leave a job, voluntarily or due to a layoff, you are likely to have a lot on your mind. It is all too easy to set aside decisions about your employer-sponsored retirement plan account for another day. But it is usually important to act quickly. Whether you have a 401(k), 403(b) or 457(a) […]
Eight Tips for Protecting Your Money From Cyberattacks
More and more banking and financial transactions are conducted online, which means that cyberattacks pose a significant threat to the wealth of many Americans. How can you mitigate this risk? Consider these eight tips. Use Strong, Unique Passwords This may seem obvious, but according to a recent survey, the most common password is “123456.” “Password” […]
Consider a Community Bank for Your Next Loan
Have you ever borrowed funds from a community bank? Real estate developers and owners often overlook this source of financing, but these lenders offer some distinct advantages for borrowers.
Make Your Charitable Contributions Count Under the Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act will likely reduce the tax benefits of your charitable contributions. However, that does not mean you should stop giving or reduce the size of your gifts. After all, the availability of tax deductions is not the reason you give.
When is it Best to Claim Social Security?
Do You Know When Your Employees Will Retire? Your employees’ retirement timing decisions will depend on a variety of factors, including their accumulated vested assets in your company’s plan. Another key variable is Social Security, but the Social Security benefit-claiming strategy that is best for them is not always easy to determine. However, online Social […]
Performing Preventive Maintenance is Key
Do you know the physical condition of the properties that you own? As the owner, you need to understand how things are working and what needs improvement at your residential and commercial properties. A comprehensive preventive maintenance program inventories all interior and exterior equipment “hotspots” and tracks when routine maintenance should happen. This article shows how to create a formal schedule and budget for fixed asset repair and maintenance, taking into account labor requirements and tax considerations.
Should You Undo a Roth IRA Conversion?
Can a Roth IRA conversion be undone? Yes. Why may someone want to reverse a Roth conversion? There are many reasons including when the conversion, combined with other income, pushes someone into a higher tax bracket. This article explores how a conversion can be undone, along with the reasons as to why it can be undone, and also provides an example of the process.
Get Smart with “Smart Buildings”
Smart buildings are bringing dramatic changes to the real estate industry. As owners and investors begin exploring how these technologies can help them and their bottom lines, they will likely jump on the proverbial bandwagon sooner rather than later. This article explains that, while smart buildings typically provide some green benefits (that is, benefits related to energy and sustainability), they also go beyond energy efficiency to address operational issues — such as building and equipment performance and maintenance — that, in turn, allow better capital planning.
Three Benefits of Donor-Advised Fund Giving
A donor-advised fund (DAF) comprises contributions made separately and independently by individual donors. The fund maintains legal control of the contributions, and donors retain advisory privileges regarding investments and fund distributions. This brief article examines how DAFs can be particularly beneficial for charitable-minded, high-income individuals.
Property taxes often represent a significant chunk of an owner’s annual expenses. Even when tax bills are high, many taxpayers simply accept the billed amounts calculated by their assessors. But that may not be wise, as a recent case in California illustrates. This article explains how the California Court of Appeals, applying property tax laws similar to those in some other jurisdictions, found that a county’s assessment improperly inflated a hotel’s value, thus improperly inflating the hotel’s property taxes.
My Fund Portfolio Manager is Leaving! What Should I Do?
A quality fund portfolio manager (PM) can be influential in the overall success of an investment plan, so it can be disconcerting when one leaves. But that does not necessarily mean that an investor should jump ship. This blog discusses some of the considerations involved in evaluating both the old and new PM, in light of the type of fund involved, management style and past performance.
Valuation Comparables in a Slow Market
The unstable real estate market over the past several years has posed many appraisal challenges. In particular, low purchase prices — often resulting from “distressed” sales — and a relatively small number of transactions in some markets can make it difficult for appraisers to locate comparable transactions (or comps), a critical element in many valuations. Qualified appraisers, however, have ways of dealing with such situations; this article discusses some of the adjustments they can make.
Are You Considering Adopting a Child?
Adopting a child is a wonderful way to expand a family. However, the adoption process can be expensive. The good news for those who have recently adopted or attempted to adopt a child is that they may be eligible for the federal adoption tax credit, made permanent earlier this year when the American Taxpayer Relief Act of 2012 was signed into law. This brief article discusses what the credit covers, who qualifies for it and how to claim it.
Newsletters
Wealth Management Group Newsletter – Fall 2023
ORBA’s Wealth Management Group’s 2023 Newsletter advises on options for a 401k after leaving a job and and explains the favorable rules for traders over investors.
Wealth Management Group Newsletter – Fall 2021
ORBA’s Wealth Management Group Newsletter explains what it means when public companies announce stock splits or reverse stock splits.
Wealth Management Newsletter – Fall 2018
Our Wealth Management Group’s Fall 2018 Newsletter discusses disability insurance and what your policy may cover, as well as advice for transitioning into a comfortable, long retirement.
Wealth Management Group Newsletter – Summer 2017
ORBA’s Wealth Management Group Newsletter is a quarterly publication focused on effective wealth management. The Summer 2017 issue includes two articles: “A QCD Might Help You Meet Charitable Giving and Tax Savings Goals” and “How Disability Insurance Protects Your Finances from the Unexpected.”
Real Estate Group Newsletter — Summer 2016
ORBA’s Real Estate Group Newsletter is a quarterly publication focused on effective real estate practice management. The Summer 2016 issue includes two articles: “Ask the Advisor: How Can I Maximize Escalation Income?” and “FHA Developments Could Affect Your Profitability.”
Wealth Management Group Newsletter – Winter 2015
ORBA’s Wealth Management Group Newsletter is a quarterly publication focused on effective wealth management. The Winter 2015 issue includes two articles: “When Selling Your Business, Have a Retirement Backup Plan” and “Year-End Planning Tips to Lower Your Tax Bill.”
Wealth Management Group Newsletter – Fall 2014
The Fall 2014 Wealth Management Group Newsletter includes two articles, Revise Your Estate Plan to Cover Health Care Directions and A Primer on the Timing of RMDs.
Real Estate Group Newsletter – Winter 2014
Although much of the nation has seen an increase in home sales, there are still areas in the United States that are dealing with sluggish markets. If you find yourself in this situation, it may be better to surrender the property rather than try to satisfy the loan obligations. But be careful. Why? Because discharging the debt may lead to unwelcome tax consequences.
News
The news of Anna Coldwell and Peggy Vyborny being elected as directors was mentioned in several media outlets including: BKR International and Crain’s Chicago Business.
CHICAGO – Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest accounting firms, is proud to announce that Anna Coldwell, CPA, and Peggy Vyborny, CPA, have been elected as Directors, effective July 1.
