Uncommon Trusts

June 13, 2022By Richard Umanoff

In our last article in this series, we covered the different types of trusts that can be established. In this article, we’ll discuss uncommon trusts that can be utilized. Other Trusts That Can Be Established Blind Trust The trustees of a blind trust manage the assets in the trust without the beneficiaries’ knowledge. The beneficiaries Read the full article…

[Feature] PulseOne: Tech Talk

June 8, 2022By KROST CPAs

Our Assurance & Advisory Principal, Keith Hamasaki, was featured on the latest PulseOne Tech Talk with Chad Wiggins. Keith discussed data analytics and ways it could help businesses as well KROST’s new service, KROST Business Intelligence which is a cloud-based data solutions platform that can translate unstructured, impossible-to-read data into structured, real-time insights. If you Read the full article…

KROST is Attending the AICPA ENGAGE22 Conference

June 6, 2022By KROST CPAs

Our CEO, Jason Melillo, Assurance & Advisory Principal, Keith Hamasaki, Assurance & Advisory Senior Manager, Steve Chhuor, and Assurance & Advisory Manager Rebecca Hickle, are attending the AICPA ENGAGE Conference. The conference takes place from June 6th through June 9th and will be held at the Aria Resort and Park MGM in Las Vegas. Our Read the full article…

Management Fees, It’s Time To Review

June 2, 2022By Jean Hagan

Restaurant companies with multiple units often collect management fees from the unit level to fund C-Suite management operations. The purpose of a management fee can be different for various companies. Still, the traditional purpose is to compensate a working owner or a working corporate staff for their support of the various units. If you have Read the full article…

Connecting Timekeeping with Practice Management for Law Firms

May 31, 2022By Keith Hamasaki

Pasadena, CA. – KROST CPAs and Consultants, a tax, accounting, and consulting firm based out of Los Angeles, has launched KROST Business Intelligence (KBI), offering dynamic insights into realization, staff utilization, project turnaround, and more. For law firms that want to reduce their timekeeping clutter and manage their practice more effectively. The cloud-based tool provides Read the full article…

How to Treat Inherited Individual Retirement Accounts

May 24, 2022By Kimberly Hoang

The SECURE Act, which became effective on January 1, 2021, changed the rules for inherited IRAs. Prior to that, the rules were very beneficial to non-spousal beneficiaries. The act upended the “life expectancy” rule for distributions and, in its place, created the 10-year rule for non-spousal beneficiaries. The act establishes a time period of 10 Read the full article…

Register for our Complimentary Webinar – Pro Forma – Projecting the Financial Future of Your Restaurant

May 23, 2022By KROST CPAs

Join us for our upcoming webinar Pro Forma – Projecting the Financial Future of Your Restaurant on Tuesday, June 21st at 10AM PST. During this session, industry expert, Derek Johnson, will discuss the current success rate of restaurants and the primary reasons they don’t succeed. In addition, we will review how proper planning and realistic Read the full article…