What is Cloud Computing?

December 8, 2022By Stacey Korman, CPA, MST

Cloud computing is the future of the accounting industry. Essentially cloud computing is the storing, managing, and processing data on the internet instead of storing information on local hard drives or servers. Information can be accessed from any device and is easily shared with management, team members and trusted advisers. Cloud computing simplifies the accounting Read the full article…

Client Spotlight: Nickel Diner

December 1, 2022By Stacey Korman, CPA, MST

This is one of the articles in the KROST Quarterly Hospitality Issue, titled “Client Spotlight: Nickel Diner” by Stacey Korman, CPA, MST We had the opportunity to interview our clients, Kristen Trattner and Monica May, co-owners of Nickel Diner. We gained insight into their experience founding the diner and navigating challenges during the pandemic. They Read the full article…

What is Client Accounting Services?

February 23, 2022By Stacey Korman, CPA, MST

Did you know that we provide Client Accounting Services (CAS)? CAS can be a cost-effective way to have high-level financial reporting without having to hire a team of Certified Public Accountants and accounting professionals. At its core, CAS is a shift from traditional compliance-based accounting to a 360-advisory mindset. CAS is a fully customizable service, Read the full article…

Client Accounting and Advisory Services: The Benefits of Outsourced Accounting vs. In-House

March 1, 2021By Stacey Korman, CPA, MST

Our Principal, Stacey R. Korman, CPA, MST, earned a certificate in AICPA’s Client Accounting Advisory Services course. We had the chance to sit down with Stacey to hear her experience. Q: What is Client Accounting Services (CAS)? Client Accounting Services (CAS) is a certificate program that has been developed by the AICPA. Accountants are considered Read the full article…

Outsourcing Accounting for Family Offices

August 7, 2019By Stacey Korman, CPA, MST

Accounting Director Stacey R. Korman, CPA, MST recently published an article for our newest KROST Quarterly Magazine: The Financial Services Issue titled “Outsourcing Accounting for Family Offices”. The existence of the Family Office structure dates back millennia to the Roman Empire, where wealthy households utilized an administrator referred to as the major domus, or Head Read the full article…

Outsourcing Versus In-House Accounting

January 9, 2018By Stacey Korman, CPA, MST

Hiring in-house accounting staff may seem like the next logical move as a business grows and financial needs become more complex, but there is another option that companies can consider. Outsourcing the accounting and bookkeeping function to an outside provider, like a CPA firm, can have some significant benefits over adding an employee or trying Read the full article…