We are happy to announce the release of our newest quarterly magazine! The Hospitality Issue highlights some of the hot topics in the hospitality industry including tax credit for new employees, double-dipping, lease provisions, and HR solutions. What You’ll Find Inside this Issue: Tax Credit for Hiring New Employees By Kimberly Hoang, CPA A Win Read the full article…
Restaurant companies with multiple units often collect management fees from the unit level to fund C-Suite management operations. The purpose of a management fee can be different for various companies. Still, the traditional purpose is to compensate a working owner or a working corporate staff for their support of the various units. If you have Read the full article…
Restaurants Care is once again partnering up with SoCalGas, PG&E, SDG&E, and Wells Fargo to offer relief grants and services to restaurants in our local communities. These generous funders have made it possible to assist small businesses with their financial situation. The Resilience Fund provides cash grants of $3,000 and one year of small business Read the full article…
The House on Thursday approved more than $40 billion in COVID-19 assistance for restaurant owners who applied but were unable to receive assistance from the federal Restaurant Revitalization Fund. The Restaurant Revitalization Fund depleted quickly as the number of applicants surpassed the number of available funds. Just after three weeks of launch, the fund aided Read the full article…
Join us for our upcoming webinar 2022 Restaurant Budgeting & Projections: Impact of the Pandemic on Your Bottom Line on Tuesday, March 8th at 10AM PST. During this session, industry expert, Derek Johnson, will discuss the significance of budgeting and projections, how setting attainable goals will influence your bottom line, while also highlighting the impacts Read the full article…
With all the pivots that our industry has been forced to make in the last 18 months, the biggest one is now upon us. Restaurants are always stiffly hesitant to raise their menu prices, believing that this will decrease their guest visits. I will make the argument that the restaurant experience is much more complicated Read the full article…
Congress passed a $28 billion recovery fund, estimated to be enough to fund roughly 100,000 grants for the restaurant industry. However, in just the first few days of launching it, the SBA received about 186,000 applications. In fact, the latest reporting indicates that the number has grown to 266,000 applications, requesting a total amount of Read the full article…
![[Webinar Replay] The Restaurant Revitalization Fund](https://www.krostcpas.com/wp-content/uploads/Restaurant-Revitalization-Fund-webinar-05-04-2021.jpg "[Webinar Replay] The Restaurant Revitalization Fund")
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…
![[Webinar Replay] How to Apply for the Restaurant Revitalization Fund Webinar](https://www.krostcpas.com/wp-content/uploads/Restaurant-Revitalization-Fund-Application-Assistance-Webinar.jpg "[Webinar Replay] How to Apply for the Restaurant Revitalization Fund Webinar")
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 how to apply for Restaurant Revitalization Fund. You can view the webinar replay, by joining our mailing list. The video and presentation slides will Read the full article…
KROST is hosting an emergency webinar, How to Apply for the Restaurant Revitalization Fund, on Friday, April 30, at 10 am. Tuesday, April 27, 2021. The US Small Business Administration (SBA) announced today that applications for the Restaurant Revitalization Fund (RRF) would open, via their portal, at 9 am Pacific (12 pm Eastern) on Monday, Read the full article…
