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Robert Swenson, CPA, MST

Robert Swenson, CPA, MST

Author's details

Name: Robert Swenson, CPA, MST
Date registered: June 13, 2011

Contact Information

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

Email: rswenson@orba.com
Website: http://www.orba.com
Facebook: http://www.facebook.com/pages/ORBA-Ostrow-Reisin-Berk-Abrams-Ltd/166547440023634?sk=wall
LinkedIN: http://www.linkedin.com/pub/rob-swenson/3/

Biography

Rob has been with ORBA since 1996. Over the course of his career, he has gained extensive experience serving individuals, partnerships and privately-held corporations. He focuses his practice on tax compliance, tax planning and consultations for owners and key executives. In addition, he represents taxpayers in front of the Internal Revenue Service and state taxing authorities.

Latest posts

  1. Tax Connections Newsletter – Fall 2017 — September 22, 2017
  2. Why Law Firms Should Look to the Cloud — September 18, 2017
  3. The Cook County Sweetened Beverage Tax is Bad for You – Just Like Sugar — August 28, 2017
  4. Tax Connections Newsletter – Summer 2017 — August 8, 2017
  5. Tax Connections Newsletter – Spring 2017 — May 10, 2017

Most commented posts

  1. Tax Connections Newsletter – Summer 2014 — 1 comment
  2. Tax Connections Newsletter – Winter 2012 — 1 comment
  3. Charitable Contributions of Food Inventory — 1 comment

Author's posts listings

2017
Sep 22

Tax Connections Newsletter – Fall 2017

If a business dedicates resources to creating or improving products, processes or software, it may be eligible for substantial federal tax credits for “increasing research activities.” There’s just one catch: To enjoy the benefits, the company must have sufficient federal tax liability against which to offset the credit. Historically, that meant income tax liability, but qualifying small businesses may now elect to apply some or all of their research credit against up to $250,000 in payroll taxes. This article details how to claim a research payroll tax credit. A sidebar explains how a business can claim the credit on their 2016 return.

2017
Sep 18

Why Law Firms Should Look to the Cloud

Cloud computing is not exactly new. It has been on the radar of efficiency and cost-minded businesses of all sizes for some time, but law firms have been slower to jump on board, largely because of privacy and security concerns. However, several newer cloud computing options address these issues, and many firms are concluding that the benefits far outweigh the risks.

2017
Aug 28

The Cook County Sweetened Beverage Tax is Bad for You – Just Like Sugar

Back in November of 2016, the Cook County Board of Commissioners passed the Cook County Sweetened Beverage Tax Ordinance. The tax is imposed at the rate of $0.01 per ounce on the retail sale of all sweetened beverages in Cook County. The tax was originally intended to go into effect July 1, 2017, but was… Continue reading »

2017
Aug 08

Tax Connections Newsletter – Summer 2017

The ORBA Tax Connections Newsletter is a quarterly publication focused on effective tax planning. The Summer 2017 issue includes the articles, “Cash vs. Accrual: Are You Using the right accounting method?” and “Two Homes in Different States May Result in Multistate Taxation.”

2017
May 10

Tax Connections Newsletter – Spring 2017

The ORBA Tax Connections Newsletter is a quarterly publication focused on effective tax planning. The Spring 2017 issue includes the articles, “Are You a Member of the Sandwich Generation?” and “Timing Compensation in a Changing Tax Climate: All Eyes on Sec. 409A.”

2017
Feb 17

Four Tips for Strengthening Cyber Security

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.

2017
Jan 31

A Prix Fixe Serving of Best Restaurant Management Practices

Restaurant Week just arrived to showcase more than 300 Chicago area restaurants. Prix fixe menus of $22, $33 and $44 are offered for breakfast lunch and dinner. In honor of the festivities, our latest Restaurant Group blog is here to serve up a prix fixe menu of best restaurant management practices. Rather than an appetizer, main course and dessert, we will discuss regulations, finances and taxes.

2016
Dec 29

Tax Connections Newsletter – Winter 2017

The ORBA Tax Connections Newsletter is a quarterly publication focused on effective tax planning. The Winter 2017 issue includes the article, “Is it Time to Revisit the Research Credit?”

2016
Dec 21

Delivering Lessons Learned in Cuba to the Restaurant Industry

In November, I traveled to Cuba for a week-long vacation with my wife and another couple. I departed the United States with an open mind and not really knowing what to expect. The trip was a mind blowing, amazing experience that is hard to put into words. This article shares three lessons that I learned about life in Cuba and relate them to the business of running a restaurant.

2016
Aug 31

Charitable Contributions of Food Inventory

The rules regarding charitable donations of inventory, specifically food inventory, have fluctuated over the years. Recently a tax law was enacted that made the deduction for food inventory permanent and enhanced it. Previously non-C Corporations and taxpayers that were not required to track inventory did not receive an enhanced deduction. Now, all types of taxpayers can get a deduction of an amount somewhere between their cost basis and the fair market value of the food they are donating. This article will give you the details you need to know about charitable contributions of food inventory.

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