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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Tax Planning: Stock Evaluation At Year End

Most of you are aware that during the month of November and December, many mutual funds pay out dividends and capital gains that have accumulated during the year. If you own shares on what is known as the ex-dividend date, …

Blog Post

Five Key Accounting Reports to Review Monthly

The focus for most business executives and entrepreneurs is on the performance of the company itself. This often means time and energy is focused on customer service, sales, marketing, human resources, production, and process improvement. Driven by passion for the …

Best Practices for Business Document Retention

As a business, how long you need to keep tax and other records or documents always seems like more of a daunting question than it really should be. Whether you are a new employee and have inherited your predecessor’s file …

Protecting the Dealership from Vendor Fraud

As business owners, you must rely on your employees and vendors to help your dealership succeed. Sometimes, those same vendors and individuals take advantage of situations to increase their own personal profits. Vendor fraud involves payments made to actual or …

Inflation Reduction Act: Impact on Businesses

This week President Biden signed the Inflation Reduction Act (Act) into law. In addition to the energy efficient tax incentives for taxpayers, the $740 billion law raises revenue through a new minimum tax on large, profitable corporations and an excise …

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