ERTC Terminated for Q4 2021

November 8, 2021By Jason Melillo

The Infrastructure Bill (H.R. 3684) was passed by the House on November 5, 2021 and is expected to be signed into law by President Biden.  As part of the Bill, the employee retention tax credit (with the exception of the recovery startup business credit) is no longer in effect for the fourth quarter of 2021. Read the full article…

Register for our Complimentary Webinar – 2022 Restaurant Budgeting & Projections: Impact of the Pandemic on Your Bottom Line

October 28, 2021By KROST CPAs

Join us for our upcoming webinar 2022 Restaurant Budgeting & Projections: Impact of the Pandemic on Your Bottom Line on Tuesday, November 30th at 10AM PST. During this session, industry expert Derek Johnson will cover the importance of preparing a working budget and projections for the upcoming year with goals that are realistic and attainable, Read the full article…

California Main Street Small Business Tax Credit II

October 21, 2021By Jason Melillo

In Late September 2021 Governor Newsom signed Assembly Bill (AB) 150 establishing the Main Street Small Business Tax Credit II. This bill provides financial relief to qualified small businesses for the economic disruptions in 2020 and 2021, resulting in unprecedented job losses. Taxpayers that qualified for Employee Retention Credit may also qualify for the Main Street Read the full article…

[Webinar Replay] The Restaurant Revitalization Fund

May 4, 2021By KROST CPAs

If you missed our webinar led by Paren Knadjian, Head of M&A and Capital Markets and Jean Hagan, Principal of Business Management, there is a recording available. This webinar goes over the Restaurant Revitalization Fund, including details of the new Restaurant Revitalization Fund eligibility, how to apply, what documentation is required, and updates on PPP Read the full article…

Restaurants Care Resilience Fund

April 21, 2021By Jean Hagan

Jean Hagan, Principal, serves on the Board of the California Restaurant Association Foundation. She is excited to share that in addition to funding employees’ needs through Restaurants Care, they have also been able to create a resilience fund for restauranteurs now. Through some major funding from SoCal Gas, PG&E, and SDG&E, they have been able Read the full article…