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Joel Herman, CPA

Joel Herman, CPA

Author's details

Name: Joel Herman, CPA
Date registered: June 11, 2013

Contact Information

Phone: (312) 670-7444
Fax: (312) 670-8301

Email: jherman@orba.com
Website: http://www.orba.com
Twitter: @ORBAAccounting

Biography

Joel has more than 25 years of professional experience at ORBA, where he has been a Director since 1997. He is the Director in charge of ORBA’s on-campus recruiting and a member of the firm’s Personnel Committee, as well as the Chair of the Manufacturing and Distribution Group and a member of the Law Firm Group.

Joel serves manufacturers, distributors, retailers and various personal service corporations, including consulting firms, medical practices and law firms. He also works with other entrepreneurs, self-employed individuals and closely-held companies, including real estate developers, technology companies and marketing and advertising firms. This wide variety of client types and industries allows him to leverage best practices from one industry and apply them to others, which is extremely valuable to his clients.

Joel’s primary area of concentration is financial statement attestation and income tax compliance. In addition to accounting and auditing services, Joel performs litigation support and is involved in due diligence investigations related to mergers and acquisitions. He also performs tax planning and compliance work for business owners and individuals.

Latest posts

  1. Tips to Improve Attorney Timekeeping — October 24, 2017
  2. Carefully Weigh the Pros and Cons of Automation — July 27, 2017
  3. E-Verify Helps Confirm Employment Eligibility — June 20, 2017
  4. New Overtime Rules Will Affect You – Are You Ready? — November 18, 2016
  5. Why Your Firm May Need a Business Manager — November 19, 2015

Author's posts listings

2017
Oct 24

Tips to Improve Attorney Timekeeping

Timekeeping is a necessary evil for every law firm. Even attorneys who work on a contingent fee basis need to keep adequate documentation of their time to obtain court-awarded fees, and lawyers who charge on a flat-fee basis must track their hours to provide accurate time estimates and confirm they’re charging appropriate fees. So how can you get your attorneys to better track their time?

2017
Jul 27

Carefully Weigh the Pros and Cons of Automation

Manufacturers and distributors face rising costs of labor and benefits, burdensome government regulations and a shortage of skilled workers. Investing in automated equipment may seem like a cost efficient alternative to relying on people, but automation can sometimes end up being more expensive and time consuming than management expects. This article presents the pros and cons of automation and explains why it is important to crunch the numbers to assess all the costs and benefits.

2017
Jun 20

E-Verify Helps Confirm Employment Eligibility

Immigration and legal residency are hot topics in today’s environment, and, as a result, closer scrutiny is being paid to employment eligibility. Federal law requires employers to verify employment status; however, dishonest workers sometimes use fake or stolen IDs to get hired. The E-Verify system helps employers comply with the law. This article explains how E-Verify works and why the requirements for using it might change in the future.

2016
Nov 18

New Overtime Rules Will Affect You – Are You Ready?

In May 2015, the Department of Labor (DOL) finalized new overtime rules that update the thresholds for classifying workers as nonexempt and highly compensated. The long awaited changes will increase pay for more than 4 million workers. This article explains changes that will go into effect starting on December 1, how they will impact manufacturers and how business can legitimately reduce overtime costs. A Sidebar highlights the stance the National Association of Manufacturers has taken on the new rules.

2015
Nov 19

Why Your Firm May Need a Business Manager

Most lawyers are legal experts, not business specialists, and many do not have the time or inclination to assume full-time business management and development duties. That is where a business manager can help. This article discusses the types of functions business managers can perform and provides tips on finding the right person given the scope of the position.

2015
Sep 01

It’s Not Too Early for Year-End Tax Planning

Manufacturing and distribution companies that expect to owe substantial taxes in 2015 can still take steps to soften the blow. But a number of tax breaks, particularly ones related to depreciation, hinge on legislation that Congress might restore before it adjourns for the holidays. This article highlights some tax-saving strategies to consider before December 31.

2015
Feb 26

Manufacturing and Distribution Group Newsletter – Winter 2015

ORBA’s Manufacturing and Distribution Group Newsletter is a quarterly publication focused on effective manufacturing and distribution management. The Winter 2015 issue includes two articles, Offering Incentives Can Mean Extra Income All Around and IRS Hot Buttons: Defending Your Business Against Tax Audits.

2014
Nov 25

Five Tips for Reducing Fraud at Your Firm

Because they foster a collegial, trusting environment, law firms can be more vulnerable to fraud than many other types of businesses. Enforcing internal controls may simply seem unnecessary in an office of professionals dedicated to the law. Unfortunately, occupational thieves take advantage of such complacency. This blog discusses five basic controls that law firms can implement to help deter fraud.

2014
Nov 12

Demystifying LTL Freight Classification

The National Motor Freight Classification® (NMFC®) system can be overwhelming. However, manufacturers that understand how carriers classify freight can find creative ways to lower their costs for less-than-truckload (LTL) shipments. This blog describes the factors that affect freight rates and offers ways to qualify for lower, less expensive freight classes.

2014
Sep 10

Law Firm Group Newsletter – Summer 2014

The Summer 2014 Law Firm Group Newsletter includes two articles: Putting a Price on Your Law Firm and Two-Track Mind: Multiple Partnership Models & Their Benefits to Firms and Lawyers Alike.

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