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COVID-19
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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

  • State and Local Tax Considerations for a Remote Workforce | Blog
    The COVID-19 pandemic has completely changed what we once thought was normal. With social distancing becoming a way of life, millions of Americans are now working remotely. For many, there is no certainty as to when or if they will return to their workplaces. As the pandemic drags on, many businesses have allowed their employees to continue to work remotely. While there are many benefits of a remote workforce, businesses should take a step back and ask the following questions: Does the business have employees who reside and work remotely in other states, and if so, what are the state payroll tax implications? Do the remote employees create income tax nexus in other states? How do the remote employees affect the business’ state apportionment? Payroll Tax Withholding Generally, if an employee both resides and works in a state outside the state in which the employer is domiciled, the employer is required … 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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