The Senate Finance Committee’s version of the tax bill was released yesterday.  While the Senate bill is similar to the House bill in some respects, it also differs greatly.  The Republican led congress is working hard to get a compromise bill passed and signed by the President before the end of the year; however, many…

Continue Reading →

Yesterday, the House and the Senate released their proposed bills. Here at KROST, we’ve taken a moment to compile the details and provide a comparison of the two bills to demonstrate how they may impact taxpayers. As always, we are here to answer any questions that may arise. Please feel free to contact us. For…

Continue Reading →

All too often we read headlines about major companies that have some sort of breach, Equifax, Target, Sony, Home Depot, just to mention a few. Most people think, “wow, how could they be that careless and then go about their day?” Recently, the Equifax hack hit home for most Americans because it virtually affected all…

Continue Reading →

We are proud to announce that Los Angeles Business Journal has named Elizabeth Hugh one of the Most Influential Women in Accounting for 2017! LABJ’s list highlights outstanding women accountants in the LA region. One common thread of similarity that exists across the unique group is a propensity to focus on the big picture and…

Continue Reading →

The worst of Hurricane Irma that took place in early September is over, but those affected are left to deal with the destruction that was left in its wake. Survivors with losses due to the hurricane can take advantage of federal and state tax relief opportunities. The IRS has declared that the victims of Hurricane…

Continue Reading →

The Governor of California, Jerry Brown, has declared a state of emergency in response to the deadly wildfires that have burned tens of thousands of acres and forced widespread evacuations. When a state of emergency has been declared taxpayers may deduct a disaster loss for any loss sustained. In addition, the Internal Revenue Service (IRS)…

Continue Reading →

Pasadena, California, October 20, 2017 – Award-winning, local accounting and consulting firm, KROST, announced the addition of Paren Knadjian who will head up the firm’s new M&A and Capital Markets service line as Practice Leader. The addition of Knadjian comes as no surprise, as the firm is disrupting the industry with their remarkable growth over…

Continue Reading →

While only a small percentage of tax returns are audited, the number is still over a million. If you get that dreaded letter in the mail advising you of an IRS audit, your first instinct is probably to panic – even if you don’t think you did anything wrong. Unfortunately, the audited return is not…

Continue Reading →

Manufacturers and distributors face numerous unique challenges – from increasing labor costs, competition, quality control, and lack of resources to funding and regulatory compliance. Accounting tasks like billing, payroll, and reporting can often fall to the bottom of the list, leading to a host of problems, including inaccurate records, missed payments and penalties, and even…

Continue Reading →

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….

Continue Reading →
Subscribe to KROST

SUBSCRIBE

Need assistance with this form?