Header Graphic COVID-19 Tools & Resources to Help Businesses &
Individuals Impacted by the Coronavirus.
COVID-19
RESOURCE CENTER
PPP Borrowers Service LENDERS

At KROST, our professional team has in-depth knowledge and expertise in PPP Loans. To date, KROST’s subject matter experts have assisted over 280 entities in obtaining and managing over $300 million in PPP and EIDL loans. We are providing PPP Forgiveness Application Review Service for Borrowers and Lenders.

- FEATURED SERVICES -

BORROWERS

PPP Loan Forgiveness Review

"KROST, big shout out for coming through when so many could not. The value of having a strong partner has never been so obvious. Your team has been a tremendous asset during COVID-19 and we appreciate you." - James Stratmann, Sunset Industrial Parts

Latest COVID-19 Update

  • On March 13, 2020, President Trump declared a national emergency disaster, related to the COVID-19 virus 1. Following the declaration, under the new tax law (TJCA), taxpayers can claim a business casualty loss related to the disaster on either their 2019 original/amended return or their 2020 return. Some examples of losses that may qualify, but are not limited to the following: Inventory impairment such as food spoilage for restaurants who had to shut down Losses from deposits and costs of prepaid events that were canceled Abandonment of leasehold improvements and other fixed assets such as equipment and costs associated with permanent store closures Payments made to terminate contracts or leases It should be noted that an overall loss of revenue or an increase in normal operating expenses do not qualify as part of the disaster loss. Specific reporting and proper elections need to be made in order to … Read More

COVID-19 Relief Experts

Slide PAREN KNADJIAN SBA Loans Expert Paren Knadjian Slide STACEY KORMAN, CPA, MST SBA Loans Expert Stacey Korman, CPA - Los Angeles CPA Slide SOSSI BEKARIAN, CPA SBA Loans Expert Sossi Bekarian, CPA | Los Angeles CPA Firm Manager - Accounting Slide LISA ARANGUA HR/Related Expert Lisa Arangua | KROST Los Angeles CPA Firm Slide SO SUM LEE, CPA Real Estate Expert So Sum Lee CPA - Los Angeles CPA

COVID-19 Quick Links

Resources for Businesses

Tools & Resources

Latest Updates

External Resources

Department of Labor (DOL) Resources

PPP Budgeting and Forgiveness Maximization Tool

The PPP Budgeting and Forgiveness Maximization Tool allows you to budget and plan the use of PPP loan proceeds, on a week-by-week basis, to maximize forgiveness. This includes detailed staff planning, minimizing loan forgiveness reductions, and ensuring non-payroll related costs remain within the allotted 25%. Once you receive the loan, you can also enter the actual expenditure and the tool gives you a weekly actual vs budget report.

Other Helpful Resources

Department of Labor

The Wage and Hour Division provides information on common issues employers and employees face when responding to COVID-19.

Get Required FFCRA Posters for the Workplace

HUB International

HUB International is an insurance broker providing COVID-19 resources during a time of crisis.

Visit HUB's COVID Resource Center

Centers for Disease Control & Prevention

The CDC offers several resources such as how to protect yourself against COVID-19 and what to do if you think you are sick.

Visit the CDC Website

COVID-19 Recent Posts

Latest updates and resources regarding the coronavirus

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