Form 1099: Why It’s Important and What You Need to Know

November 7, 2012By KROST

A 1099 Form is used to report various types of income other than wages, salaries and tips to the IRS for taxation purposes. A 1099 must be issued for most non-incorporated vendors that are paid $600 or more for services rendered in one calendar year. All disbursements issued to attorneys, regardless of amount, must be … Read More

KROST’s First Restaurant Seminar: A Gourmet Hit

November 7, 2012By KROST

On September 24, 2012, KROST held their first ever restaurant-themed seminar entitled “Restaurant Management: Operations, Systems, and Financial Controls”. Hosted at the Roosevelt Hotel in Hollywood, Managing Partner, Greg Kniss, and Director of Restaurant Operations, Jean Hagan, were the featured speakers of this exciting event that covered the ins and outs of operating, owning, maintaining, … Read More

Business Intelligence Software is Driving Restaurant Profits

November 7, 2012By KROST

An important tool is emerging as an undisputed victor from the ashes of the 2008 recession, the subsequent dramatic rise in commodity prices, and other escalations in restaurant operating costs. Sophisticated restaurant operators are beginning to use Business Intelligence software (“BI”) to manage increasingly volatile P&L statements where utilities, insurance, food costs, paper costs, labor, … Read More

End Of the Year Insight from Paychex

November 7, 2012By KROST

Are you prepared for the end of the year? Paychex gives a company compliance checklist to advocate being more prepared for end-of-year taxes. Confirm employee name and address list. Report employee changes to your payroll provider by the assigned due date. Ensure that you have the necessary federal and state withholding forms available when reporting … Read More

Perpetual Bar Inventory

November 7, 2012By Jean Hagan

The case study involves a full-service restaurant that has different venue focus areas with seating for over 400 people. Annual sales are roughly $6 million. The challenge here was the constant problem with accurate inventory values. From month to month, it was impossible to figure out where the inventory mistakes were made. This operation was … Read More

Is Your Maintenance Program going to Trick or Treat You?

November 7, 2012By Jean Hagan

Every restaurant manager lives in fear of the surprises that will surface during a busy weekend or holiday in their restaurant. These surprises are almost always maintenance related issues in the restaurant business because most of our employees show up and work the busy shifts. Managers treat their maintenance and repair issues like if they … Read More

Urbane Cafe

November 7, 2012By KROST

Tom Holt, Motorcross Racer turned Restaurant Owner, made a unique career move after his racing career. Learn more about Tom as he shares his life story with KROST. You started out as a Motorcross Racer – how did you end up in the restaurant business? When I got done racing I went back to college … Read More

Workers Compensation Changes for 2013

November 7, 2012By KROST

On Sept. 18, 2012, Governor Jerry Brown signed into law significant changes to the California workers’ compensation system, which will take effect on Jan. 1, 2013. The legislation was supported by both Democrats and Republicans and is intended to benefit employers and employees in California by reducing costs, increasing benefits and improving the system overall. … Read More

Cas Findlay Completes 3-Day, 50-mile Walk in Support for Multiple Sclerosis

October 18, 2012By KROST

October 16, 2012 – Cas Findlay, Audit & Assurance Services Manager of KROST finished her 3-day, 50-mile walk for National Multiple Sclerosis Society. Congratulations and thank you for bringing awareness! About Cas Findlay: Cas has been with Krost Guerrero since February 2008. She is currently responsible for the management and supervision of audit and review … Read More

Cas Findlay is Supporting the National MS Society

August 30, 2012By KROST

We are pleased to announce that Cas Findlay, Audit & Assurance Services Manager of KROST will be participating in the National Multiple Sclerosis Society’s 3-day, 50-mile walk from Sept 21st to 23rd. She has done a remarkable job fundraising and exceeding her goal by more than 20%. Congratulations Cas! We salute you for bringing awareness … Read More