Chicago CPA Firm – Selden Fox

The driving force at Selden Fox is our commitment to the prosperity of our clients. We are committed to providing service that is continuously accounting for your future. Our promise to go beyond compliance and provide advice and services that uniquely fit your future is what sets us apart from other accounting firms.

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Bryan J. Moorehouse Joins Selden Fox

Selden Fox is excited to announce the addition of Bryan J. Moorehouse, CPA, the single partner of the accounting firm Goldrich Cousins PC. Bryan has served the automobile dealer industry throughout Illinois and beyond for more than 40 years. Bryan joins Selden Fox as vice president of dealer operations, further bolstering the firm’s automobile practice.

“Bryan brings another dimension to our current automobile industry practice,” commented Joseph Meyer, president of Selden Fox. “We look forward …

Blog Post

Will No More Paper Checks For Federal Taxes Be the Future?

The President issued an Executive Order indicating to the extent possible the Secretary of the Treasury will cease issuing and receiving paper checks. We will await more details directly from the IRS before making any changes or providing any further recommendations on making and receiving IRS payments. As of today, no guidance has been issued by the IRS on the date of implementation, the process, or exceptions to the Executive Order.

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One Big Beautiful Bill Act is Now Law

On July 4, the President turned the One Big Beautiful Bill Act (OBBBA) into law with his signature. This is one of the most significant overhauls to the tax code in some time. Both businesses and individuals will be impacted …

EBSA Cybersecurity Guidance for Benefit Plans

Cybersecurity and related risks are here to stay. Employee benefit plans face significant cybersecurity threats, and the consequences of a single attack can be devastating. Employee benefit plans, including but not limited to retirement plans, 401(k) plans, 403(b) plans, defined …

ASU 2024-03: Disaggregation of Income Statement Expenses

On November 04, 2024, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2024-03. This ASU covers income statement disclosures, more specifically, the disaggregation of income statement expenses. This ASU does not make any changes to the …

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