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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.

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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

  • For Multinational Companies – Tax Increases and a Wider Tax Net are in Your Future | Blog
    Multinational companies can expect some extraordinary changes in the US and international tax environment – and this time, it may be much more than an increase in rates. While higher US tax rates have been proposed to fund the new Biden administration’s COVID and infrastructure priorities, new international tax proposals may lead to surprise tax bills for multinational companies. Most notably, the IRS will tax substantially more income earned in lower tax jurisdictions. President Biden’s new tax strategies complement a global coordinated framework to tax more income from international companies. How to Pay for COVID Relief and New Infrastructure? Starting Point – the Domestic Side First, the Biden Administration has proposed increasing the corporate tax rate from 21% to 28%. However, the 28% rate is subject to Congressional negotiations, and some senators have already raised concerns about such a … 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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