Press Release: KROST Partners with 1st Global to Bring Clients Tax-Optimized Financial Advice
Award-Winning Accounting and Consulting Firm Expands to Offer Holistic Wealth Management to Clients PASADENA, Calif. — Sept. 18, 2018 — KROST, a full-service certified public accounting and consulting firm based in Southern California, today announced a partnership with 1st Global to add wealth management services to its expansive suite of client offerings. KROST will combine … Read More
CFO Awards 2018 Nominees: Eight Insights for CFO of the Year Awards
As the longest serving Los Angeles Business Journal judge, it is amazing to see all of the accomplishments and great talent Los Angeles has to offer. It has been an honor to participate in the LABJ CFO of the Year Awards for the last three years. Over time, I’ve come to recognize some common themes … Read More
IC-DISC Tax Savings on Export Goods or Services
Below is a preview of one of the articles in the new issue, “IC-DISC Tax Savings on Export Goods or Services” by Evelyn Fernandez, CPA, MST: 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 … Read More
KROST Quarterly: Manufacturing Issue Now Available – Cybersecurity, Tax Incentives, Transactions, Trends and More
We are happy to announce the release of our second quarterly magazine! The Manufacturing Issue highlights some of the hot topics in manufacturing including cybersecurity, tax benefits and incentives, technological advances in manufacturing, and trends. What You’ll Find Inside this Issue: Manufacturers Beware: The Continued Threat of Cybersecurity Breaches, Hacking & Malware by Keith Hamasaki, CPA … Read More
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