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.

From Our Blog

Energy Credit Online Tool Available to Auto Dealers
Blog Post

Energy Credit Online Tool Available to Auto Dealers

When the Inflation Reduction Act was passed in late 2022 it included various provisions that made investments in clean energy more attractive. To accomplish this, there were dozens of tax and other incentives designed to encourage taxpayers to make investments in clean energy. While most are designed to benefit companies two provisions offer savings to eligible individuals. Specifically, the New Clean Vehicle Tax Credit and the Used Clean Vehicle Tax Credit. Both these offer …

Impact of Inflation on Business Valuations
Blog Post

Impact of Inflation on Business Valuations

Chicago business owners are often required to undergo a valuation for a variety of reasons. Most commonly it is required for transactional purposes, estate and gift tax planning, buy/sell agreements, marital dissolution, or for capital financing. Regardless of the need, a business valuation is a complicated process which examines several data points and assumptions to arrive at a final value. The most common methods used by valuation specialists include the Market, Income, and …

Selden Fox Moves Offices

After nearly 40 years, Selden Fox is moving from its location in Oak Brook. As of November 1, 2023, Selden Fox is the newest tenant at Parkview Plaza in Oakbrook Terrace just west of the intersection of Route 83 and …

IRS Announces Moratorium on ERTC Claims Processing

Over the last few months, the IRS has issued several warnings to businesses about the increasing number of scammers convincing owners to apply for the Employee Retention Tax Credit (ERTC). While the ERTC is one of the last pandemic era …

Fraud Trends in Manufacturing Industry

Fraud is an ever-present threat that Chicago manufacturing companies must carefully guard against. While most are honest and not inclined towards such activities, all it takes is one bad actor. The issues which can be caused by fraudsters extend beyond …

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