• Accounting Help,ORT Consulting

Business Accounting

May 19th, 2019|0 Comments

If you are a business owner, you don’t need reminding that the accounting end of the business is one of the most important – and one of the most tedious – responsibilities. It is vital [...]

  • finanical services,ORT Consulting

About Financial Services

April 15th, 2019|0 Comments

Financial services companies perform a variety of important roles. They support their clients through financial and investment advising based on their expertise and training. They may also manage, exchange or hold money on behalf of [...]

  • tax prep, ORT Consulting Group

ORT Consulting

February 12th, 2019|0 Comments

One of the greatest challenges in life is to keep your financial house in order. It requires attention to detail and focus – both encumbering a large amount of time that you believe might be [...]

  • accounting, Bookkeeping,Chicago, IL

Budgeting for the Holidays

September 11th, 2018|0 Comments

You’ve worked hard all year keeping your budget on track. Don’t derail it when the holidays roll around. Retailers make the most money of the year during the December holidays, but that doesn’t mean you [...]

  • Accountant,Tax Accounting Chicago, IL

What to Look for in a CPA

August 22nd, 2018|0 Comments

Are you an entrepreneur? A small, mid-size or large business owner? No matter where you settle on the continuum of conducting business, you are likely going to need a certified public accountant. There are only [...]

  • Tax Preparation

Paying Taxes as a Freelancer

July 15th, 2018|0 Comments

The number of businesses who hire freelancers is growing every year. Generally speaking, it’s a win-win for both parties. Employers reduce the cost of benefits, pay for services only when needed, and can select from [...]

  • Tax Accounting Tax Preparation, Chicago, IL

Surviving A Tax Audit

May 20th, 2018|0 Comments

You've filed your income tax with the IRS and breathed a sigh of relief; then you're notified that you're being audited. If the IRS taps you for an audit, don't panic. While you don't have [...]

  • Bookkeeping ,Tax Accounting

Put Your Tax Refund To Work For You

April 18th, 2018|0 Comments

As tax time rolls around, many people look forward to getting a tax refund. Their first thought is often, “how can we spend it?” This year consider saving your refund instead of spending it. Over [...]

  • Accountant ,Bookkeeping,,Chicago, IL

Tips For Better Cash Flow Management

December 14th, 2017|0 Comments

without a reliable process for tracking and collecting payments will eventually find it difficult to turn their revenues and profits into cash flow. One in four businesses fail because of interruptions to cash flow. Don’t [...]

Is Canceled Debt Taxable?

February 10th, 2017|0 Comments

Basically, even cancelled or “forgiven debt” from a lender is still taxable income, according to the IRS. As such, it must be included as income on your tax return. Debts which you are personally responsible [...]

Elder Care and Support

February 2nd, 2017|0 Comments

As your family members get older they may need some help with day-to-day tasks. One of those tasks may be helping with their finances. Even ordinarily tasks, such as balancing a checkbook or paying bills [...]

What the “GAAP” Does

January 29th, 2017|0 Comments

If a company releases its financial statements to the public, it is required to follow Generally Accepted Accounting Principles, called GAAP, in the preparation of those statements. “GAAP” consists of three important sets of rules: [...]

What an Accountant Does

January 27th, 2017|0 Comments

“An Accountant counts money!” says Mr. Joe Average; and he’s not wrong. But accountants do a lot more than just “crunch numbers”. Accountants deal with a wide range of finance-related chores that involve figures and [...]

Social Responsibility in Accounting

January 24th, 2017|0 Comments

Money is a great motivator, which is why financial reports exist. Financial reports must contain truthful and unbiased information, and accountants must create unbiased and accurate financial reports for those who deal with finance in [...]

  • Accountant,Tax Accounting Chicago, IL

Bridging the GAAP

January 18th, 2017|0 Comments

Financial reporting means balance sheets, profit and loss statements, financial notes, and disclosures, and it has its own language.  It’s the language used to communicate information about the financial condition of a company, be it [...]

Basic Principles of Accounting

January 14th, 2017|0 Comments

These basic principles form the basis which modern accounting is based. The best-known of these principles are as follows: The Accrual Principle: The concept that accounting transactions should be recorded in the periods when they [...]

Accounting Principles

January 10th, 2017|0 Comments

Accounting principles are the rules and guidelines that companies must follow when reporting financial data.  American accounting principles are defined as Generally Accepted Accounting Principles (GAAP). Companies must regularly file financial statements according to GAAP [...]

Accounting for Dummies

January 7th, 2017|0 Comments

Businesses get the money; Accountants keep the books.  Accountants keep businesses, governments and “not-for-profits” groups working by following systematic methods of recording their financial activity. […]

Accounting as a Career

January 3rd, 2017|0 Comments

Public accounting offers a varied career path.  The duties of an account will depend on the size of the firm , and is generally a “partnership” In a small firm, one may work on business [...]