Joshua D. Goldschmidt, CPA, MS., TAXATIONHe | HimTax Manager
P 312.670.7444 | F 312.670.8301
Overview
Joshua is the CPA who you can call, and they will answer. He has great relationships with his clients and his services go far behind filing a tax return. He gets to know his clients and helps them year-round to achieve their goals and understand, strategize, and plan for their taxes.
Joshua is adept at assisting business owners, executives, and families. He takes a full picture approach and is proactive with bringing new ideas, staying on top of law changes, and providing timely advice.
He is very familiar with C Corporation, S Corporation, and partnership tax rules. He serves a variety of industries including service firms (law, engineering, and consulting), manufacturing and distribution companies, real estate businesses, and many more. He also works with many businesses that have foreign operations (inbound and outbound) and is well versed with the complex tax rules involved with planning and reporting.
Additionally, equity compensation is one of his specialties. He has helped assist many executives navigate through the varying forms of compensation (RSUs, options, ESPPs, etc). He also has worked with clients through various mergers and acquisitions and understands how to plan effectively for these events and how they affect these types of compensation.
Overview
Joshua is the CPA who you can call, and they will answer. He has great relationships with his clients and his services go far behind filing a tax return. He gets to know his clients and helps them year-round to achieve their goals and understand, strategize, and plan for their taxes.
Joshua is adept at assisting business owners, executives, and families. He takes a full picture approach and is proactive with bringing new ideas, staying on top of law changes, and providing timely advice.
He is very familiar with C Corporation, S Corporation, and partnership tax rules. He serves a variety of industries including service firms (law, engineering, and consulting), manufacturing and distribution companies, real estate businesses, and many more. He also works with many businesses that have foreign operations (inbound and outbound) and is well versed with the complex tax rules involved with planning and reporting.
Additionally, equity compensation is one of his specialties. He has helped assist many executives navigate through the varying forms of compensation (RSUs, options, ESPPs, etc). He also has worked with clients through various mergers and acquisitions and understands how to plan effectively for these events and how they affect these types of compensation.
Proactive
Joshua emphasizes the client experience. His goal is to provide timely planning and advice year-round while also getting to know his clients.
Outside of the Office
Joshua enjoys architecture, music, and culture. He is an avid concert attender – one year he attended over 100 concerts. Additionally, he likes to read and watch movies and one of his favorite genres is thrillers. He has two cats and a girlfriend who occupy the rest of his time.
Certifications & Licenses
- Certified Public Accountant
Education
- B.S., Accounting, University of Illinois at Chicago
- M.S., Taxation, DePaul University, Kellstadt Graduate School of Business
Blogs
Tax Considerations for Office Leases
With the changing work environment in recent years, many businesses are reconsidering their office spaces and current leases. This could include renegotiating leases, reducing or increasing space, or leasing a new space. While there are many things to consider before signing or modifying a lease for office space, one of the areas that should not […]
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. […]
Newsletters
Real Estate Group Newsletter – Winter 2025
ORBA’s Real Estate Group’s Winter Newsletter explains the new regulations regarding proper allocation of recourse debt among partners and advises U.S. citizens acquiring non-U.S. real estate on the potential taxes and deductions they should be aware of.
Real Estate Group Newsletter – Spring 2024
ORBA’s Real Estate Group’s Spring Newsletter discusses the various legal and tax considerations of owning various types of real estate, including out of state residential rentals.
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.
Client Alerts
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.
News
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.
