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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

  • We got some great news this morning. The House has voted 219-212 to extend the Employee Retention Credit through December 31, 2021 as part of the $1.9 Trillion Covid relief bill. If it passes the Senate next week it will very likely be signed by the President shortly after. The Employee Retention Credit is a 70% refundable payroll tax credit on up to $10,000 of qualifying wages per quarter in 2021 for qualifying companies. Under the new bill, Companies qualify if they have a reduction in revenue of 20% or more for any quarter in 2021 through December 31, 2021 when compared to the same period in 2019. Employers that had 500 or less full time employees in 2019 can apply the 70% credit on the qualifying wages for every employee in the qualifying quarter of 2021. Contact us so we can help you understand if you qualify and how to apply for these valuable benefits. About the Author Jason Melillo, CPA, … 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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