The IRS Recommends Working with a Cybersecurity Professional: Why You Should Heed Their Advice

April 4, 2019By KROST

Consulting with a cybersecurity professional should be a top priority for tax businesses to protect their clients’ data. Tax preparers deal with a large amount of sensitive information including social security numbers, bank account numbers, EINs, etc. This makes them perfect targets for cybercriminals whose main objective is to file fraudulent tax returns. “As cybercriminals … Read More

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

Is Your Firm Prepared For a Cyberattack?

January 26, 2019By KROST

At KROST, we take cybersecurity seriously. As a CPA firm, we deal with large amounts of sensitive information daily. Understanding cybersecurity will help prevent malware attacks, phishing scams, system hacks and identity theft. We have taken steps to demonstrate our capabilities to manage cybersecurity threats. Assurance & Advisory Director, Keith Hamasaki, CPA, completed AICPA’s 16-hour … 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

KROST Quarterly: Manufacturing Issue Now Available – Cybersecurity, Tax Incentives, Transactions, Trends and More

September 20, 2018By KROST

We are happy to announce the release of our second quarterly magazine! The Manufacturing Issue highlights some of the hot topics in manufacturing including cybersecurity, tax benefits and incentives, technological advances in manufacturing, and trends. What You’ll Find Inside this Issue: Manufacturers Beware: The Continued Threat of Cybersecurity Breaches, Hacking & Malware by Keith Hamasaki, CPA … 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