New Laws Impacting Restauranteurs – What You Need to Know

May 13, 2019By Robert A. Benson

Every April, KROST travels to Sacramento to participate in the California Restaurant Association’s Restaurant Day at the Capitol. This year, Jean Hagan (Principal) and Robert Benson (Manager – Restaurant Operations) attended. This annual event affords KROST and the California Restaurant Association the opportunity to lobby directly to California’s legislators about pending legislative bills that impact … Read More

[Video] What Is Involved in an M&A Sell-Side Transaction?

April 30, 2019By Paren Knadjian

In our next M&A video in the series, Paren Knadjian talks about our sell-side advisory services and process, which involves working with business owners to maximize the value of a potential transaction and ensure its success. Sell-side advisory applies to any company that is interested in selling a part or all of their business. Here … Read More

Tax Breaks: The Next Great Wine Pairing

April 25, 2019By KROST

Below is a preview of one of the articles in the new KROST Quarterly Hospitality Issue, “Tax Breaks: The Next Great Wine Pairing” by Guest Contributor Tetyana Guguchkina, Manager – Research & Development Tax Credit Services, KBKG. “While California has dominated the wine industry for decades, new regions across the United States are making waves … Read More

Risky Business: Safeguarding Your most Valuable Assets

April 18, 2019By KROST

Below is a preview of one of the articles in the new KROST Quarterly Hospitality Issue, “Risky Business: Safeguarding Your most Valuable Assets” by Steve Chhuor, Manager – Assurance & Advisory. “Most businesses understand that accepting card payments is an option that attracts customers who need a quick and easy payment option. The shift of … Read More

Sales Tax Compliance for California Restaurants

April 10, 2019By KROST

Below is a preview of one of the articles in the new KROST Quarterly Hospitality Issue, “The Battle to be a Profitable Restaurant: How to Deal with Employee Theft” by Aric Wong, CPA, Manager – Tax. “With 72,000+ restaurants in California, the state does everything possible to ensure taxes are properly reported, collected, and paid … Read More

The IRS Recommends Working with a Cybersecurity Professional: Why You Should Heed Their Advice

April 4, 2019By KROST

Consulting with a cybersecurity professional should be a top priority for tax businesses to protect their clients’ data. Tax preparers deal with a large amount of sensitive information including social security numbers, bank account numbers, EINs, etc. This makes them perfect targets for cybercriminals whose main objective is to file fraudulent tax returns. “As cybercriminals … Read More

The Battle to be a Profitable Restaurant: How to Deal with Employee Theft

April 4, 2019By KROST

Did you know that 75% of employees have stolen at least once from their employer? Learn more in the new article “The Battle to be a Profitable Restaurant: How to Deal with Employee Theft” by Robert A. Benson, Manager – Restaurant Operations that appears in the newest issue of KROST Quarterly. “Most restaurant operators are … Read More

BOE Sales and Use Tax Rate Increase Effective April 1, 2019

March 28, 2019By Melissa Cunarro

Effective April 1st, 2019, a district tax increase will be applied in several localities throughout California. The rate increase is due to the passing of numerous Measures in various counties on November 6, 2018 to fund several improvements such as street improvements, maintain essential services, neighborhood safety, disaster preparedness, among others. To all restaurant operators, … Read More

M&A Video Series – Part 2 of 4

March 22, 2019By Paren Knadjian

As you may know, KROST offers M&A and Capital Markets Service. Through our resources, experience, relationships, and by running a proven process, we can identify more parties to engage. This increases bargaining power and improves the chances of a successful close. Paren Knadjian leads the practice and comes with over 15 years of experience in … Read More