Can OZ Work for You? Accounting for Qualified Opportunity Zone Funds

January 28, 2019By Keith Hamasaki

Below is a preview of one of the articles in the new KROST QUARTERLY Real Estate Issue, titled “Can OZ Work for You?” by Keith Hamasaki, CPA If you’ve ever wanted to help revitalize an economically distressed community but couldn’t justify it economically to generate enough capital from investors, then the new Opportunity Zone Program … Read More

Trade Wars: A Whole New World

October 2, 2018By Keith Hamasaki

Below is a preview of one of the articles in the new issue, “Trade Wars: A Whole New World” by Keith Hamasaki, CPA. Trade Wars: A Whole New World Another week, another new list of potential tariffs on imported manufactured products. If you’re manufacturing in China, Europe, Canada, or Mexico the potential trade war will … Read More

Career in Accounting: Audit or Tax

September 17, 2018By Keith Hamasaki

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

Accounting for Net Neutrality

June 10, 2018By Keith Hamasaki

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 “Accounting for Net Neutrality” by Assurance & Advisory Director Keith Hamasaki, CPA: “When it comes to technology nothing has taken the business world by storm like cryptocurrency. … Read More

Accounting for Throttling, the New Net Neutrality

February 13, 2018By Keith Hamasaki

When it comes to technology nothing has taken the business world by storm like cryptocurrency. However, something that slid under the radar and continues to slide under the radar with ever lasting effects are the changes to the Net Neutrality Rules. Net Neutrality is dead, but what does this even mean? Net Neutrality is the … Read More

Does Breakage Apply to Me?

September 5, 2017By Keith Hamasaki

Accounting for your restaurant can be both straightforward and complex. One of the upcoming complex issues is the accounting for breakage revenue. The term breakage refers to money that is received from gift cards that are not expected to be redeemed by the customer. Unredeemed gift card liability can be tricky to report as it … Read More