Jean Hagan Brings Decades of Restaurant Operations Experience to the Culinary Institute of America as Newly Appointed Adjunct Professor

November 19, 2019By KROST

Jean Hagan, Principal of KROST CPAs & Consultants and leader of the firm’s restaurant consulting practice, has recently taken on an additional title as Adjunct Professor of Restaurant Operations and Management Strategies at the Culinary Institute of America (CIA). Her first course, Operations and Management Strategies for the Restaurateur, began this fall. Jean teaches the … Read More

KROST CPAs & Consultants Partners with Nationally Recognized Executive Chef Phil Kastel

September 30, 2019By KROST

Los Angeles-based tax and accounting firm, KROST, recently brought on restaurant industry titan Chef Phil Kastel (co-creator of nationally recognized Public School gastropubs) who will serve as the firm’s Restaurant and Culinary Consultant. Established in 1939, KROST has a long history in the restaurant space having pioneered accounting technology that was the precursor to what … Read More

Budget Service for 2020

September 9, 2019By KROST

Every successful restaurant operator knows that developing an annual budget is a time-consuming, tedious project. Advantages of having an annual budget include being able to anticipate expenses, set targets for growing the business and staying within financial limits. A restaurant budget will help you recover from unexpected road-blocks, plan for profitability and potential challenges. KROST’s … Read More

Mid-Year Tip Check

August 5, 2019By KROST

It’s time to do a short analysis of your status, regarding tip reporting. The annual filing form 8027 for tipping establishments is calculated on an annual basis-reported to the IRS in February. A mid-year tip check gives you some time to correct any issues you may have with individual employees or your employee group. As … Read More

Minimum Wage Increases 2019

June 6, 2019By KROST

On July 1, 2019, the minimum wage will increase in the cities of Los Angeles & Santa Monica, and the County of Los Angeles. The City and County of Los Angeles Minimum Wage Ordinances both mandated annual wage increases until it reaches $15.00 per hour on July 1,2020. Small businesses (less than 25 employees) have … Read More

New Laws Impacting Restauranteurs – What You Need to Know

May 13, 2019By KROST

Every April, KROST travels to Sacramento to participate in the California Restaurant Association’s Restaurant Day at the Capitol. This year, Jean Hagan (Principal) and Robert Benson (Manager – Restaurant Operations) attended. This annual event affords KROST and the California Restaurant Association the opportunity to lobby directly to California’s legislators about pending legislative bills that impact … Read More

California’s Wage Order 7: What You Need to Know

May 9, 2019By KROST

Below is a preview of one of the articles in the new KROST Quarterly Hospitality Issue, “California’s Wage Order 7: What You Need to Know” by By Gina Gross – KROST Restaurant Accounting & Consulting. “Many restaurants have on-call policies that require employees to call in to find out whether they need to work their … Read More

The Restaurant Technology Industry: Trends and Funding

May 2, 2019By KROST

Below is a preview of one of the articles in the new KROST Quarterly Hospitality Issue, “The Restaurant Technology Industry: Trends and Funding” by Paren Knadjian, Practice Leader – M&A and Capital Markets. “Over the last ten years or more, customers have changed how they discover, book, socialize, interact, and pay at restaurants. As customers … Read More

Tax Breaks: The Next Great Wine Pairing

April 25, 2019By KROST

Below is a preview of one of the articles in the new KROST Quarterly Hospitality Issue, “Tax Breaks: The Next Great Wine Pairing” by Guest Contributor Tetyana Guguchkina, Manager – Research & Development Tax Credit Services, KBKG. “While California has dominated the wine industry for decades, new regions across the United States are making waves … Read More