We are pleased to announce that Cas Findlay, Audit & Assurance Services Manager of KROST will be participating in the National Multiple Sclerosis Society’s 3-day, 50-mile walk from Sept 21st to 23rd. She has done a remarkable job fundraising and exceeding her goal by more than 20%. Congratulations Cas! We salute you for bringing awareness … Read More
We would like to thank you for attending the Western Foodservice in Anaheim. Greg Kniss presented on “Strategies to Increase your bottom line & other hot topics” and Jean Hagan had great conversations with several restaurateurs at our booth.
Gregory Kniss, Principal at KROST will be presenting an informative session titled, “Strategies to Increase Your Bottom Line & Other Hot Topics” at the Western Foodservice & Hospitality Expo on Sunday, August 12. He will discuss the economy, growth opportunities and serve valuable management and operational tips. His session will cover everything from staffing to … Read More
Many small business owners maintain their accounting records on the income tax basis of accounting. However, many small business owners are not clear on (i) the reason the income tax basis was selected, or (ii) how the income tax basis of accounting differs from generally accepted accounting principles (“GAAP”). The difference between the income tax … Read More
With the Supreme Court ruling that the Patient Protection and Affordable Care Act is constitutional, many are now beginning to examine exactly what the law means and the new obligations it creates for employers. Below is only a general outline of the major portions of the law’s new requirements on employers, and employers are urged … Read More
The National Labor Relations Board (NLRB) continues to weigh in on social media. The Acting General Counsel of the NLRB has issued the third in a series of reports on the alleged negative effects of social media policies on employee organizing rights under Section 7 of the National Labor Relations Act. In the two prior … Read More
We were proud to be a part of the CRA Lobby Day in Sacramento.
I understand why an owner of a restaurant would decline the services of a 3rd Party Health and Food Safety Inspection. After all, the executive chef runs a tight ship and the Health Department (HD) has always given them an A grade. Moreover, each manager is fully trained and ServSafe Certified and the entire kitchen … Read More
Another contributing factor to payroll cost is the associated tax burden. Savvy operators understand the employee component of payroll, but often neglect related decisions that can help mitigate such payroll costs. For example, a sizeable portion of labor overhead can be indirectly recouped through wage-based income tax credits. These incentives turn labor expenditures into tax … Read More
Over the last five years, gift cards have attracted a lot of attention from consumers, retailers, and regulators. A 2010 holiday season survey conducted on behalf of the National Retail Federation (“NRF”) found that more than 77 percent of shoppers had in fact purchased, or intended to purchase gift cards. The survey also estimated total … Read More