About Rockoff, Harlan, Rasof, Ltd.

RHR Merges with KRD

We are pleased to announce the merger of our firm with Kutchins, Robbins & Diamond; our combined firms will operate as Kutchins, Robbins & Diamond, Ltd. (KRD), totaling nearly 80 professionals with offices in Chicago and Schaumburg.
The new firm will be a true combination of equals or rather, a joining of two extraordinary firms very similar in culture, with highly complementary practice strengths and values. KRD and RHR share the same business values with the number one priority being the satisfaction of our clients.
This union will allow us to continue to provide the same quality, personal service to you while also being able to offer a new and broader set of services. With this transition, you can expect the same focus, high quality service and team of professionals that you have come to know.

Our Mission:

At Rockoff, Harlan, Rasof, Ltd. we believe that an effective business relationship involves open communication with our clients. Through open communication, we view ourselves as your business partners and become familiar with each facet of your business. We strive to offer cost effective professional accounting, consulting and tax services with a personal style to meet your very specific needs. Our entire staff is committed to providing outstanding work quality, responsiveness and ethical, professional service to our clients.

Our History:

We are a product of a 1987 merger of two firms, Harlan, Rasof, Ltd. and Rockoff, Rockoff and Kimmel. At that time, both firms existed for many years with the latter exceeding thirty years of operation. Although we have grown substantially, we continue to believe that our best source of new business is the referrals from our satisfied clients.

Our practice consists of providing accounting, audit, tax, business valuation and other consulting services. Our clients range from individuals and sole proprietorships to large closely held corporations.

Our firm consists of professionals with specialties in the following areas of service: taxation, real estate, not for profit entities requiring OMB A-133 audits, and small to medium sized business accounting, auditing and taxation.

Every three years, our firm submits our work, as well as our internal and administrative controls to the AICPA Peer Review program. This involves having our work reviewed by an independent firm to ensure that we are meeting acceptable accounting and auditing standards. Enrollment in the AICPA Peer Review Program is mandatory for those firms providing government audits. Copies of this report are then made available to those clients and potential clients that request it.

How can I raise money for my small business?

Even though, raising capital is the most basic of all business activities, it can be a complex and frustrating process. There are several sources to consider
when looking for financing. The primary source of capital for most new businesses comes from savings and other forms of personal resources. While credit cards are often used to finance business needs, there may be better options available, even for very small loans.

Many entrepreneurs also look to private sources such as friends and family when starting out in a business venture. Often, money is loaned interest free or at a low interest rate, which can be beneficial when getting started.

Outside of personal resources, the most common source of funding is a bank or credit union. Venture capital firms also help companies grow in exchange for equity or partial ownership.

What types of loans exist
for business financing?

There are several sources to consider; however, to successfully obtain a loan, you must know exactly how much money you need, the reason you need it and how you will
pay it back. While the terms of loans vary from lender to lender, there are two basic types of loans. Generally, short- term loans have maturities of up to one year.

Long-term loans have maturities greater than one but usually less than seven years. Real estate and equipment loans may have maturities of up to twenty five years. Long-term loans are used to finance major business expenses such as construction as well as the purchase of real estate and facilities, durable equipment, furniture, fixtures, etc.