Career in Accounting: Audit or Tax
Campus recruiting is a daunting, time consuming and necessary task for students looking to enter public accounting. As a professional on the other side of the table, I can’t tell you the number of times the icebreaker is “audit or tax”. This is a common icebreaker but very few students know the answer, audit or … Read More
KROST Ranks #2 – 2018 INSIDE Public Accounting Top 5 Best of the Best Firms in the Country
Inside Public Accounting (IPA) has awarded KROST, and its affiliated tax consulting practice, another two awards based on their annual INSIDE Public Accounting Survey and Analysis of Firms: • #1 Fastest Growing Best of the Best firm in the country • #2 in the Top 5 Best of the Best firms in the country These … Read More
Robert A. Benson, Manager of Restaurant Operations at KROST, featured on the Tastemaker’s podcast
Robert A. Benson, Manager of Restaurant Operations at KROST, was recently featured on the Tastemaker’s podcast. The show was recorded while our team was at the National Restaurant Association Show with our partners from Restaurant365 earlier this summer. During the episode, Robert talks about his experience in the restaurant industry and the journey that lead … Read More
State of Accounting – Points of View from the Accounting Leaders’ Desks. The Future of the CPA Profession: What Firms Need to Do to Keep Up
It’s such an amazing but unsettling time to be in our profession. Over the next several years, the accounting industry will look quite different due to technological advances. Many of the things we are doing today will be done significantly different down the road. When I look back over the last 30+ years, there have … Read More
One-Time Repatriation Tax Required Under New Tax Law (2017 Tax Cut and Jobs Act)
The 2017 Tax Cut and Jobs Act (“TCJA”) made significant changes to how businesses and individuals are taxed. Among the changes is how U.S. corporations are taxed on foreign income. As a result, U.S. shareholders directly or indirectly owning 10% or more of foreign corporations may be subject to a mandatory one-time repatriation tax for … Read More
Press Release: KROST CPAs & Consultants Named Inside Public Accounting’s Fastest-Growing Firm for Third Year in a Row
Inside Public Accounting (IPA) has awarded KROST, and its affiliated tax consulting practice, five prestigious accolades based on their annual INSIDE Public Accounting Survey and Analysis of Firms: • 2018 IPA Best of the Best Firm. • 2018 IPA Best of the Best Fastest-Growing Firm. • 2018 IPA 200 Firm. • 2018 IPA 200 Fastest-Growing … Read More
INSIDE Public Accounting has Awarded KROST 5 Recognitions
We are proud to announce that INSIDE Public Accounting has awarded KROST 5 recognitions based on the 2018 annual INSIDE Public Accounting Survey and Analysis of Firms: A 2018 IPA Best of the Best Firm. A 2018 IPA Best of the Best Fastest-Growing Firm. A 2018 IPA 200 Firm. A 2018 IPA 200 Fastest-Growing Firm. … Read More
What You Need to Know About Cybersecurity
We recently published our new KROST Quarterly Magazine which is packed full of articles and insider knowledge focusing on tech topics. Here is an excerpt from the article “What You Need to Know About Cybersecurity” by our Principal and Assurance & Advisory Practice Leader Jason C. Melillo: “All too often we read headlines about major … Read More
Changes in Reporting Requirements for Foreign-Owned Domestic Disregarded Entities
Foreign-owned domestic disregarded entities have not had filing requirements in the past unless an election was made to treat is as a corporation, known as “check the box”. Disregarded entities are most commonly single member LLC (SMLLC). Generally, income tax and reporting requirements would not be reported separately. Rather, they would have been reportable on … Read More
KROST Named as Fourth Fastest Growing Firms 2018
Pasadena, California, July 3, 2018 – Award-winning, local accounting and consulting firm, KROST, was recently named as one of the “The fastest-growing firms in the US”. This is the annual recognition program conducted by Accounting Today. This report ranks the largest firms across the country and in individual regions offers a host of benchmarking data, … Read More