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

Mara Garcia, CPA, Nominated for CalCPA’s 2019 Women to Watch

March 19, 2019By KROST

KROST’s Assurance & Advisory Manager, Mara Garcia, CPA, was nominated for CalCPA’s 2019 Women to Watch Award. Mara Delivers Focus, Drive, and a Team Attitude Mara has spent her career translating complex concepts into understandable ideas, so her clients know where they stand in their business. She has successfully helped clients increase efficiencies in business … Read More

2018 Tax Planning – TCJA Impact on Cash Method of Accounting

March 18, 2019By KROST

Enacted on December 22, 2017, the Tax Cuts and Jobs Act (TCJA) was hailed as the largest major tax reform for the past three decades. In particular, the TCJA contains a series of favorable accounting method reforms that will impact countless of business taxpayers such as the use of cash method of accounting and the … Read More

Updates to Qualified Improvement Property

February 27, 2019By KROST

Below is a preview of one of the articles in the new KROST QUARTERLY Real Estate Issue, titled Updates to Qualified Improvement Property by guest author, Harry Sahi, Manager – Cost Segregation Services, KBKG. With the 2017 tax year behind us, tax professionals are laser-focused on the various new rules presented by the recent Tax … Read More

Client Spotlight: Mamal Moinpour

February 20, 2019By Jonathan Louie

Below is a preview of one of the articles in the new KROST QUARTERLY Real Estate Issue, titled Client Spotlight: Mamal Moinpour by Jonathan Louie, CPA. Recently, we had the opportunity to interview one of our tax clients, Mamal Moinpour, who owns real estate in the Greater Los Angeles and across the U.S. He is … Read More

KROST Celebrates 80 Years of Success in Pasadena

February 18, 2019By KROST

KROST is proud to announce the celebration of its 80th anniversary. Since 1939, the firm has assisted thousands of businesses and individuals to reach their financial goals through tax, accounting, and consulting services. KROST is headquartered in Pasadena, California with four strategic locations throughout Greater Los Angeles. In 2018, KROST experienced outstanding growth of 31.41% … Read More

New Partnership Audit Rules – “Centralized Partnership Audit Rules”

February 15, 2019By KROST

The 2015 Bipartisan Budget Act brought changes to partnership audit rules beginning with taxable years 1/1/18. Under the old “TEFRA” rules, if an item on a partnership tax return was being audited, the audit would extend to the partners individually. The partner’s individual tax returns would be under audit at that point. Under the new … Read More

KROST Featured in LABJ: KROST Adds West L.A. Accounting Firm to Roster

February 14, 2019By KROST

KROST was recently featured in the Los Angeles Business Journal article, “KROST Adds West L.A. Accounting Firm to Roster”.  Below is a teaser of the article. “Pasadena-based accounting and consultant firm Krost has purchased West L.A.-based Gaynor & Umanoff, according to the firms. Terms of the transaction were not disclosed. Chris Gaynor and Richard Umanoff, Gaynor … Read More