Frank Xu, CPA
MANAGER — ACCOUNTING
Frank Xu graduated from Cal State Polytechnic University, Pomona in 2014 with a Bbachelor’s Ddegree of Sscience in Bbusiness Aadministration – Aaccounting. He has been working in the public accounting industry for nearly 10 years. He has experience working on audit, tax, and accounting engagements for clients in the financial service, restaurant, and technology industries. He also has experience working with high-net-worth individual clients. Frank has been with the KROST team since 2017.
Professional Experience
- KROST, Manager (2022 — Current)
- KROST, Senior Accountant (2020 — 2021)
- KROST, Staff Accountant (2017 — 2019)
- Chen & Fan Accountancy, Staff Accountant (July 2016 — October 2017)
- API Accounting, Staff Accountant (December 2015 — April 2016)
- Accounting Principles, Temp AP Clerk for Trader Joe’s (October 2014 — June 2015)
- Ding Tai Trucking, Accounting Assistant (December 2010 — April 2013)
Education
- Bachelors Degree of Science in Business Administration, Cal State Polytechnic University, Pomona
Accounting Thought Leadership

What is Cloud Computing?
December 8, 2022Cloud computing is the future of the accounting industry. Essentially cloud computing is the storing, managing, and processing data on the internet instead of storing information on local hard drives or servers. Information can be accessed from any device and is easily shared with management, team members and trusted advisers. Cloud computing simplifies the accounting Read the full article…

KROST Can Assist with Reporting for The Restaurant Revitalization Fund
July 13, 2022Recipients of the Restaurant Revitalization Fund(RRF) have until March 11, 2023 to use the funds appropriately, to ensure grant forgiveness. Entities that received RRF need to submit a Restaurant Revitalization Fund Program Post Award Report (SBA Form 3173) detailing how expenses were used. The SBA will require supplemental documentation to make sure the funds were Read the full article…

Tax-Saving and Advisory Services for the Real Estate Industry
November 30, 2021The real estate market can be volatile, full of risks and challenges. Real estate professionals should enlist an expert to ensure compliance and navigate the specifics of real estate tax and accounting. At KROST, we provide specialized real estate accounting services to a diverse range of clients in the real estate industry, including developers and Read the full article…

Disruption and Innovation – Streamlining Client Accounting Services (CAS)
November 16, 2021This is one of the articles in the KROST Quarterly Technology Issue, titled “Disruption and Innovation – Streamlining Client Accounting Services (CAS)” by Sossi Bekarian Matti, CPA, and Peter Minaian. The COVID-19 pandemic forced many businesses to adapt and make significant changes to their practices. Executive and public health orders directed the public to stay Read the full article…

Client Spotlight: Joyce Cenali, COO of Big Rock, Educates KROST on the Cannabis Industry, Luxury Products, and Equity in Business
June 30, 2021KROST Client, Big Rock, has been making a name for itself in the luxury cannabis industry. The company’s affiliate entity, Sonoma Hills Farm, represents the finest in this consumer products industry, and recently their COO, Joyce Cenali, was named as one of SF Times Most Influential Women. We had the opportunity to catch up with Read the full article…

Los Angeles-Based CPA Firm Receives High Praise from Accounting Today
April 9, 2021Pasadena, CA. – KROST CPAs and Consultants, Los Angeles-based firm, receives two new accolades from Accounting Today, Top 100 Firms, and Fastest-Growing Firms in the U.S. KROST is a full-service certified public accounting and consulting firm serving clients across various industries in the areas of tax, accounting, consulting, assurance and advisory, M&A and capital markets, Read the full article…

Client Accounting and Advisory Services: The Benefits of Outsourced Accounting vs. In-House
March 1, 2021Our Principal, Stacey R. Korman, CPA, MST, earned a certificate in AICPA’s Client Accounting Advisory Services course. We had the chance to sit down with Stacey to hear her experience. Q: What is Client Accounting Services (CAS)? Client Accounting Services (CAS) is a certificate program that has been developed by the AICPA. Accountants are considered Read the full article…

Los Angeles Based CPA Firm Announced New Principal, Stacey R. Korman, CPA, MST
February 9, 2021Pasadena, CA. – KROST CPAs and Consultants, the Los Angeles based firm, has announced a new Principal, Stacey R. Korman, CPA, MST. Stacey has extensive experience in assurance & advisory and accounting services and since joining the firm she has led the accounting and audit departments. As an AICPA certified Fundamental Client Accounting Advisor, Stacey Read the full article…

Sales Tax and Economic Nexus
January 13, 2021These days, anybody who sells goods or provides services to somebody outside of their home state should ask themselves, “Do I need to collect sales tax?” The correct answer is always, “Good question!” However, the best way to get a useful answer is to start with a concept closely related to sales tax, namely “use Read the full article…

Accounting for PPP Loans and Forgiveness
September 2, 2020This is a preview of one of the articles in the new KROST Quarterly Manufacturing Issue, titled “Accounting For PPP Loans and Forgiveness” by Keith Hamasaki, CPA. The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed by President Trump to help keep small businesses afloat amid the mandated COVID-19 related closures. The CARES Read the full article…