It is no secret that a tremendous amount of work goes into opening and running a restaurant. One part of it is getting all the proper licenses and permits required to legally open and operate the business in the state, county and city it is located in. We are providing an overview of some of Read the full article…
Following up on our article from last Thursday, there has been a major update for restaurants in the wake of California Senate Bill 478. The Bill, which went into effect on Monday, was set to outlaw surcharges or “hidden junk fees” from businesses, including food and beverage vendors in the state of California. However, last-minute Read the full article…
Legal update coming soon. We wanted to bring to your attention an important development regarding Senate Bill 478, California Attorney General’s new state law banning “junk fees.” Recently, the California Attorney General’s Office has posted FAQs shedding light on key aspects of this new legislation and its impact to the restaurant industry. Key Highlights of Read the full article…
The Restaurants Care Resilience Fund added a special hardship grant to assist the restaurant community affected by the recent Hollywood strikes. The hardship grant provides $10,000 to independent restaurants, food trucks, or caterers located in Los Angeles County. Grants will be awarded to those who meet the criteria and with the focus of investing in the Read the full article…
KROST’s Restaurant clients have been featured in magazines as some of the best in their own respective categories. We are fortunate to have clients that are an integral part of the food, beverage, and hospitality scene in California. We would like to recognize 10 Speed Coffee, The Apple Pan, 1933 Group, Acme Hospitality, and El Read the full article…
We are happy to announce the release of our newest quarterly magazine! The Hospitality Issue highlights some of the hot topics in the hospitality industry including tax credit for new employees, double-dipping, lease provisions, and HR solutions. What You’ll Find Inside this Issue: Tax Credit for Hiring New Employees by Kimberly Hoang, CPA A Win Read the full article…
The restaurant industry has never experienced what we are going through right now. I spend all my time consulting with responsible operators to figure out how to continue operations, keep staff and guests safe, and maintain cash flow. Hundreds of meetings have the same theme: we will fight and do whatever is necessary to keep Read the full article…
It’s been quite a year for us all. I hope you are safe and well, as we continue to face one of the most challenging times in recent history. I wanted to reach out to notify you of some new and recent changes for our firm. First, we have moved three of our main offices Read the full article…
Below is a preview of one of the articles in the new KROST Quarterly Hospitality Issue, “Cost Segregation Studies for the Hospitality Industry: Does it Increase the Likelihood of Audit?” by Guest Contributor Harry Sahi, Manager – Cost Segregation, KBKG. “A common concern raised by business owners in the hospitality industry regarding cost segregation studies Read the full article…
Below is a preview of one of the articles in the new KROST Quarterly Hospitality Issue, “California’s Wage Order 7: What You Need to Know” by By Gina Gross – KROST Restaurant Accounting & Consulting. “Many restaurants have on-call policies that require employees to call in to find out whether they need to work their Read the full article…
