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ORBA Welcomes New Hires to Quality Control, Tax and Audit Departments
CHICAGO — Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest public accounting firms, is proud to welcome Victoria “Tory” L. Pitkin to its Quality Control Department; Jonathan Efrem Joseph, CPA, CGMA, JD, MBA to its Audit/Tax Department; and Kristin Harrigan and Jessica Wu to its Audit Department.
Real Estate Group Newsletter – Winter 2017
ORBA’s Real Estate Group Newsletter is a quarterly publication focused on effective real estate practice management. The Winter 2017 issue includes two articles: “Passive Activity Self-Rental Rule Applies to S Corporations ” and “The Tax Court Weighs In: Lessee's "Project Costs" Payment is Rental Income for Lessor.”
Don’t Apologize for Raising Your Prices
Price hikes are always a delicate business decision to make. You do not want to raise your prices too high and scare your consumers or clients off, but you want to address your business needs. Our latest Cloud Services Group blog looks at strategies you can deploy at your business to raise the price of your product/service.
Four Signs It’s Time to Outsource Your Accounting
When and Why You Need a Virtual CFO and Accounting Team As Entrepreneur recently pointed out, there are certain things a growing business should not “skimp out” on, a primary one being who you have looking after your finances. Number one on their list of three alternatives to hiring a full-time CFO? A virtual CFO! Enter ORBA’s Cloud […]
Four Tips for Strengthening Cybersecurity
Law firms of all sizes have sensitive information that make them vulnerable to data breaches. This article outlines four strategies for preventing — or, at worst, minimizing the damage of — a cyber attack. These are encryption, employee training, cyber liability insurance coverage and recovery planning.
Use Management Letters to Improve your Business
Audited financial statements typically come with a surprise bonus that business owners might not be aware of: the management letter. This article describes what is required to be reported in the management letter, how a company can use it and the types of comments a CPA may voluntarily opt to report to demonstrate his or her commitment to the client’s success.
Harnessing Best Practices in Claim Denial Management
Claim denials are a huge financial drain on physician practices. If nothing is done to reverse a denial, the revenue that it represents is lost to the practice. Attempts to manage and resolve the denial can cost an average of $25 to $30 per claim, according to the Medical Group Management Association (MGMA). In this blog, we take a look at some best practices you can employ to help manage claims denied by payers.
Meet the Team: Chris Arndt
In our newest feature, "Meet the Team," we introduce you to some of ORBA's talented accountants and tax professionals. In this edition, learn more about Chris Arndt, Director of the firm's Cloud Services Group.
Understand Your Target-Date Fund Series
Target-date or lifecycle funds first came to market in 1994. Since then, they have experienced much growth with nearly every large financial institution today offering their own version of these funds. Along with target-date funds becoming a fundamental option of 401(k) plans, comes a fiduciary responsibility to monitor and evaluate them, much like other plan investments. This article examines key characteristics plan sponsors and investment committees should know about target-date funds.
Beyond Benchmarks: Alternative Methods of Measuring Your Portfolio’s Results
This article looks at several ways to measure investment portfolio performance. The traditional method is to compare results with those of a relevant market index. However, some investors may be better off considering risk-adjusted results or even follow a goals-based approach.