Donation Update on Jean’s 86 My Hair for Restaurants Care Fundraiser

August 20, 2020By KROST

In May, our Business Management Principal, Jean Hagan joined Restaurants Care in their 86 My Hair campaign to raise money for restaurant workers impacted by the pandemic. Jean pledged to shave her head if we reached a goal of $25,000 in donations. We have raised $13,340 so far and hope to reach our goal soon. … Read More

Let’s 86 Jean’s Hair for Restaurant Workers Impacted by COVID-19

July 1, 2020By KROST

Restaurants have been integral to the KROST business since 1939, and during this unprecedented time, the restaurant industry has been severely impacted by the COVID-19 restaurant closures. Although restaurants are beginning to phase out their re-openings, it is likely that the industry would not return to their full capacity until the next year. These COVID-19 … Read More

Jean Hagan Featured on the SoCal Restaurant Radio Show

May 14, 2020By Anna Chen

Jean Hagan, Principal and leader of KROST’s restaurant practice, was featured on the SoCal Restaurant radio show hosted by Andy Harris on May 9th, 2020. 48,000 listeners and hundreds of live streamers tuned in as Jean discussed the future of dining out and provided sound advice on how restaurants should gradually prepare for the return … Read More

Restaurant Update: Into the Great Beyond

April 9, 2020By Jean Hagan

As discussions about the success of flattening the curve of the pandemic are encouraging everyone that we will get through this eventually, now the page turns to how do we get reopened and get our businesses back up and operating. The first thing everyone has to do is recognize that the restaurant industry after this … Read More

Qualifying Requirements for Refundable Employee Retention Credit

April 6, 2020By Jean Hagan

Eligible Employers Eligible employers can receive a refundable payroll tax credit of 50% of wages paid to employees between March 13th, 2020 and December 31st, 2020. An eligible Employer may not receive the Employee Retention Credit if the Eligible Employer receives a Small Business Interruption Loan under the Paycheck Protection Program that is authorized under … Read More

KROST Restaurant Seminar: Protecting Your Business

February 17, 2020By KROST

KROST is hosting a dynamic restaurant seminar, Restaurant Management: Protecting Your Business, on March 2nd, 2020 from 2:00 PM – 4:00 PM with guest speakers Corbin Wade of Hub International and Jesse Caryl of BCK Legal. The seminar will be followed by a cocktail reception sponsored by Hub International and BCK Legal from 4:00 PM … Read More

Potential Inventory Write-off for Restaurants in Light of New Tax Law

January 28, 2020By Aric Wong

The overhaul of the Tax Cuts and Jobs Act (TCJA) has proven to be a challenge since it took effect in 2018. As tax advisors struggle to understand the implications for their clients, the resource-deprived Internal Revenue Service has made efforts to issue guidance on how to implement many of the complex provisions. One of … Read More

How Managing Food Waste Can Impact Your Profitability and the World Around You

December 19, 2019By KROST

Every day, restaurants around the country throw away thousands and thousands of pounds of food.1 Leftovers from guest plates, scraps from prepped items, leftover rice, potatoes, bread rolls, soups and a myriad of other items are routinely discarded in surprising bulk at the end of each shift. There are many inherent benefits to controlling food … Read More

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