Porte Brown LLC is a full service accounting and consulting firm headquartered in the Chicago suburb of Elk Grove Village, Illinois.
In addition to the traditional accounting services, such as tax planning and preparation, audit, business valuations, and retirement plan administration, Porte Brown also provides strategic consulting and leading-edge technology implementation for clients in cloud and non-cloud environments.
Since 1946, efficient and timely accounting services have been the foundation of Porte Brown. Today our Accounting Services team has expanded its capabilities to meet the needs of clients in diverse industries, such as manufacturing & distribution, construction, professional services, transportation, nonprofit organizations and grocery & food services.
As seasoned accountants, consultants and enthusiastic users of various number-crunching technologies, we bring a unique perspective to the world of financial management solutions.
Stimulus checks intended to ease the economic impact of the coronavirus pandemic will soon be on their way. Under the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act, most Americans will get one-time direct cash payments of up to $1,200 and couples will get up to $2,400. Families will get an additional $500 per child...Read More »
The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities...Read More »
Individual taxpayers can expect a recovery rebate check of $1,200 per individual ($2,400 for married couples filing jointly), plus $500 for each qualifying dependent child, as soon as the U.S. Department of the Treasury (Treasury) and IRS are able to process these payments. The recovery rebate begins to phase out for taxpayers whose adjusted...Read More »
One of the core pieces of the CARES Act is the provision of $349 billion for small businesses through federally backed loans under a modified and expanded Small Business Administration (SBA) 7(a) loan guaranty program called the Paycheck Protection Program. Congress has designed the program to make funds available to qualifying businesses quickly through approved...Read More »
The largest benefit available in the CARES Act for small businesses is the Paycheck Protection Program. Qualifying Small Businesses are eligible for emergency loans for business interruption because of COVID-19. Loans will be allowed to be used for payroll costs for domestic based employees, mortgage or rent payments, utility payments, and...Read More »
Taxpayers have extra time to contribute to their individual retirement accounts now that the Internal Revenue Service has extended the tax filing and payment deadlines to July 15. In a just-released FAQ on the extension, the IRS states that contributions can be made to an IRA, for a particular year, at any time during...Read More »
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