Update: IRS Extends Filing Deadline for California Storm Victims: Tax Relief Available

January 18, 2023By Lou Guerrero

The Governor’s office announced on January 13, 2023, that California will conform to the filing extensions granted by the Internal Revenue Service (IRS) for California storm victims. This means that filing and payment deadlines for affected individuals and businesses in California are extended to May 15, 2023. On January 10, the IRS announced tax relief Read the full article…

2022 Year-End Tax Planning Strategies for Businesses

December 12, 2022By David Ha

In the last few months of the year, it is important to consider year-end tax planning opportunities as many may provide both immediate and long-lasting financial benefits. This year has brought incredibly unique challenges and significant change. Businesses that have not yet explored year-end tax planning should take an immediate inventory of their situation to Read the full article…

What is Cloud Computing?

December 8, 2022By Stacey Korman, CPA, MST

Cloud computing is the future of the accounting industry. Essentially cloud computing is the storing, managing, and processing data on the internet instead of storing information on local hard drives or servers. Information can be accessed from any device and is easily shared with management, team members and trusted advisers. Cloud computing simplifies the accounting Read the full article…

Client Spotlight: Nickel Diner

December 1, 2022By Stacey Korman, CPA, MST

This is one of the articles in the KROST Quarterly Hospitality Issue, titled “Client Spotlight: Nickel Diner” by Stacey Korman, CPA, MST We had the opportunity to interview our clients, Kristen Trattner and Monica May, co-owners of Nickel Diner. We gained insight into their experience founding the diner and navigating challenges during the pandemic. They Read the full article…

Happy Thanksgiving from KROST

November 23, 2022By KROST CPAs

We’re thankful for incredible clients like you this Thanksgiving. Without you, we would not be where we are today, and we are incredibly grateful to be able to serve you. May the joys of the holiday season extend throughout the coming year. We gave thanks this year by donating to the following organizations. If you Read the full article…