The Impact of TCJA on Cost Segregation & Like-Kind Exchange
Below is a preview of one of the articles in the new KROST QUARTERLY Real Estate Issue, titled “The Impact of TCJA on Cost Segregation & Like-Kind Exchange” by So Sum Lee, CPA: Like-kind exchange has been a popular tax deferral tool for decades. Under IRC 1031, a taxpayer can defer tax on gain from … Read More
Steve Chhuor Certified in Cybersecurity Advisory Services
Recently, KROST team members have devoted time to further their training and expertise in cybersecurity by earning AICPA’s Cybersecurity Advisory Services certificate. Cybersecurity risk is evolving daily and as experts, we need to continually expand our knowledge to properly detect, respond to, mitigate and recover from security risk. Assurance & Advisory Manager, Steve Chhuor, CPA, … Read More
KROST Quarterly: The Real Estate Issue Is Now Available!
We are happy to announce the release of our third quarterly magazine! The Real Estate Issue highlights some of the hot topics in real estate including Opportunity Zones, Delaware Statutory Trusts, Cost Segregation, 1031 Exchange, Green Building Tax Incentives, and Qualified Improvement Property. What You’ll Find Inside this Issue: The Impact of TCJA on Cost … Read More
Press Release: Green Cuisine Private Label Food Manufacturer Acquired by Fresh & Ready Foods
Pasadena, California – Green Cuisine (San Fernando, CA), a private label food manufacturer, founded and owned by the Sanderson family, was sold to Fresh & Ready Foods (San Fernando, CA), a portfolio company of Akoya Capital (Chicago, IL), Balance Point Capital (Westport, CT) and Plexus Capital (Raleigh, NC), for an undisclosed sum. Pasadena-based consulting firm, … Read More
Donor-Advised Funds
A donor-advised fund (DAF) is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. A DAF enables a taxpayer to contribute personal assets, including cash, securities, and real estate, to an investment account, in which the assets grow tax-free. The taxpayer receives an … Read More
2018 Business Tax Planning
Businesses that have engaged in year-end tax planning know that as 2019 approaches, it is time to develop, finalize and undertake a year-end tax planning strategy. Businesses that have not yet explored year-end tax planning should take an immediate inventory of their situation and develop a year-end 2018 tax strategy. Our office is ready to … Read More
2018 Individual Tax Planning
As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next. Year-end planning for 2018 takes place against the backdrop of the new 2017 Tax Cuts and Jobs Act that make major changes in the … Read More
KROST Recognized Honoree of Los Angeles Business Journal’s 2018 Fastest Growing Private Companies
On Wednesday, November 7, 2018, KROST was recognized as one of Los Angeles Business Journals’ Fastest Growing Private Companies in Los Angeles County, with 63% growth in revenue between 2015 and 2017. KROST received this recognition during Los Angeles Business Journal’s 22th annual ceremony to honor a select group of private companies that have … Read More
M&A Video Series – Part 1 of 4
KROST can assist in the mergers and acquisitions process, whether your company is selling, buying, financing or re-capitalizing, to ensure your goals are met. Whether it is strategy, planning, or execution, our comprehensive process and hands-on services provide companies, management, and shareholders with step-by-step guidance, from pre-planning to the finish line and beyond. No matter … Read More
Beyond the Assembly Line: Benefits of Tech Trends in Manufacturing
Below is a preview of one of the articles in the new issue, “Beyond the Assembly Line: Benefits of Tech Trends in Manufacturing” by Mara Garcia: Beyond the Assembly Line: Benefits of Tech Trends in Manufacturing The Association of Equipment Manufacturers listed five manufacturing trends to note in 2018; the internet of things, industry 4.0, … Read More