Real Estate and Divorce: Here is What You Need to Know

In many divorce cases, real estate assets are among the most valuable at issue, whether they are limited to the couple’s principal home or include investment property. Numerous factors come into play when determining how such assets will be divided. Read on to learn about some of the most critical real estate assets. Marital vs. […]

Don’t Forget About the Illinois Secure Choice Savings Program Act

The Illinois Secure Choice Savings Program Act requires certain employers within Illinois to either participate in the state-run retirement plan or to offer employees a different qualified employer-sponsored retirement plan. The amended law now requires many small businesses with as few as 5 employees to comply by November 2023. The purpose of the program is […]

Tax Implications of Buying and Renting Out Units in an Owner-Occupied Multi-Unit Building

If you have ever considered buying a multi-unit building and renting out one or several units you are not alone. Potential positives to these properties include that real estate often increases in value, they may qualify for residential loans, they may be easier to manage due to being under one roof and these properties offer […]

What Entity Structure Makes Sense for a Law Practice?

Regardless of whether you are just starting your own law practice or you have a well-established law firm, entity structure is something to consider. After all, your entity choice affects when you pay tax, what tax you pay, how the tax is paid, your liability in running the firm and much more. Here are a […]

AI: From Hollywood Science Fiction to the Legal World

Artificial intelligence (AI) — the use of computers to perform tasks that typically require human intelligence — is no longer just the plot of Hollywood’s next dystopian movie. AI is already integrated in many aspects of our daily life including Netflix, Amazon and Spotify recommendations, phone-face recognition technology and what we see on social media. […]

Wealth Management Group Newsletter – Spring 2021

ORBA’s Wealth Management Group Newsletter details how the American Rescue Plan Act (ARPA) affects the child tax credit (CTC) and the child and dependent care credit (CDCC) and describes the benefits and restrictions of a Simplified Employee Pension Individual Retirement Account (SEP IRA) and a solo 401(k) plan.

Law Firm Group Newsletter – Summer 2020

Our Law Firm Group’s Summer 2020 Newsletter provides steps law firms can consider for planning in a time of uncertainty and includes insight on portfolio pricing.

State Law May Require Paid Leave, Retirement Benefits

Surveys have long indicated that paid leave and retirement plans are among the most coveted of employee benefits, and their value has only increased as employers continue to face a tight labor market. Increasingly, though, some employers have a reason beyond recruitment and retention to offer such benefits—they now are legally required to do so under state law.

Various Media – ORBA Welcomes New Hires to Audit, Tax, HR

ORBA is mentioned in the media for welcoming new hires to its Audit, Tax, and Human Resources Departments. Reporting media include Business Markets Insider, MarketWatch, Baltimore Business Journal, Cincinnati Business Courier, and the Daily Herald. View the official press release.

ORBA Welcomes New Hires to Tax, Audit, Cloud and Human Resources

CHICAGO — Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest public accounting firms, is pleased to welcome Joshua Goldschmidt and Joshua Rincy to its Tax Department, Roxana Stupar to its Audit Department, Michele Vaughn to Cloud CFO Services, and Andrew J. Butkus, Jr., PHR to its Human Resources Department as an HR Specialist/Recruiter.