Biden Administration Launches Initiative for Green Energy Code Enforcement and Adoption

September 15, 2022By KROST CPAs

President Biden recently signed the Inflation Reduction Act of 2022. Among many benefits, the bill aims to fight climate change, conserve energy, and reform legislation for the §45L Tax Credit and §179D Tax Deduction. The act significantly extended and expanded incentives for homebuilders and commercial building owners. The deduction and incentive can now be used Read the full article…

What is a SLAT?

August 31, 2022By Douglas Venturelli, Esq.

A Spousal Lifetime Access Trust (SLAT) is a trust established between spouses. Essentially, one spouse gives the other spouse assets in an amount that uses up the unused Federal Estate Tax Exemption. The trust of one spouse must be materially different from the trust of the other spouse. The reciprocal trust doctrine allows the IRS Read the full article…

Western Foodservice & Hospitality Expo

August 29, 2022By KROST CPAs

Our Restaurant team exhibited at the Western Foodservice & Hospitality Expo on Monday, August 29th from 11am-5pm. We were located at the Los Angeles Convention Center — South Hall in Booth #1123. We volunteered to raise money for Restaurants Care. Thank you to those who came by to say hello and spun our prize wheel. Read the full article…

Press Release: Matthew Weber and Jonathan Louie Appointed to KROST’s Principal in Development Program

August 25, 2022By KROST CPAs

LOS ANGELES, CA — Los Angeles-based CPA firm, KROST CPAs & Consultants, appoints Matthew Weber, CPA, MAcc, and Jonathan Louie, CPA, MST, to join KROST’s Principal in Development (PID) program. In the PID program, Matthew and Jonathan will join leadership trainings to prepare for the partner path, as well as attend partner meetings to gain Read the full article…

Common Ways to Hold Title in California

August 16, 2022By Richard Umanoff

We often get questions from clients on how to hold title to property they are about to purchase. As real estate might be the most important asset that an individual or couple may own, how ownership is vested is extremely important. Proper titling will affect the current and future rights of parties to the transaction, Read the full article…