You have been in business for a while now and experienced a great deal of success along with some struggles with your growing business. Your office staff are fine, but it might be time to reevaluate your business management team. Your legal advisor is one of the best in town. The bank treats you well….

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It’s that time of the year when parents usually wrestle with canceled checks, old receipts, and monthly statements from banks, credit card companies, and mortgage brokers. This arduous task of settling every possible payment is done to lower federal income taxes. As a parent or guardian, you should be aware of the huge opportunities available…

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Interest-Charge Domestic International Sales Corporation (IC-DISC) is quite a mouthful, which may be a reason why most people don’t know about this tax incentive. Thousands of businesses are not taking advantage of this tax savings opportunity mainly because they aren’t aware of its benefits. In simple terminology, an IC-DISC is a separate legal entity from…

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Inside Public Accounting (IPA) has named KROST CPAs & Consultants and its affiliated tax consulting practice Best of the Best and Top 200 Firm for the second year in a row. With a 25% change year over year, the firm placed 137th on the prestigious list, a substantial leap from 157th just last year. Recipients…

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If you want the best possible ability to receive full tax benefits from your properties, then you’re going to want to understand and take full advantage of Cost Segregation. At the most basic level, Cost Segregation can be described as “asset evaluation”. You’re basically taking inventory of your assets, identifying exactly what those things are,…

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Most people are familiar with Benjamin Franklin’s famous phrase “nothing is certain except death and taxes”. We are paying all sort of taxes on a daily basis such as sales tax, income tax, property tax, etc. Even after we die, there may be death taxes to be paid. Can anything escape from being taxed? In…

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KROST CPAs & Consultants – RestaurantAccountants.com was recently published in the July 17, 2017 edition of the Los Angeles Business Journal as part of the Food & Beverage Roundtable. The article features our very own Jean Hagan, Principal, and explores a series of timely, industry relevant issues regarding the food and beverage industry. As a…

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At the most basic level, estate planning can be defined as preparing for the dispersal of your assets after you’ve passed. Your assets might include your debts, miscellaneous personal belongings, automobiles, real estate, life insurance and more. Estate planning can also apply to medical decisions outlined in advance before a debilitating condition takes away autonomy….

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Wondering whether it’s worth investing in a consulting firm for your accounting or taxes? While you could consider working with a standard CPA or tackling the issues yourself, there are a lot of benefits to going the full-service route for your finances. Here are just a few of the reasons any organization stands to gain…

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Commercial real estate owners and investors are always looking for new ways to generate profit in their investments. To leverage opportunities and reap the rewards of past investments, it’s sometimes necessary to sell existing property. While generating profit is essential in the sale of commercial real estate, it’s equally important to be aware of tax…

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