Press Release – KROST Announces Greg Kniss as Chairman of the Board, Jason Melillo as CEO and Keith Hamasaki as Principal of Assurance and Advisory
LOS ANGELES, CA [Feb 4, 2022] — Los Angeles-based CPA Firm, KROST CPAs and Consultants announced that Greg Kniss has been appointed to Chairman of the Board, Jason Melillo promoted as the new CEO, and Keith Hamasaki to Principal of Assurance & Advisory services. Greg Kniss has been actively involved with the firm’s business consulting Read the full article…
ERTC Terminated for Q4 2021
The Infrastructure Bill (H.R. 3684) was passed by the House on November 5, 2021 and is expected to be signed into law by President Biden. As part of the Bill, the employee retention tax credit (with the exception of the recovery startup business credit) is no longer in effect for the fourth quarter of 2021. Read the full article…
California Main Street Small Business Tax Credit II
In Late September 2021 Governor Newsom signed Assembly Bill (AB) 150 establishing the Main Street Small Business Tax Credit II. This bill provides financial relief to qualified small businesses for the economic disruptions in 2020 and 2021, resulting in unprecedented job losses. Taxpayers that qualified for Employee Retention Credit may also qualify for the Main Street Read the full article…
Are you missing out on the Employee Retention Tax Credit (ERTC)?
If you have not looked into Employee Retention Tax Credits, then you need to reach out to your relationship manager or contact us right away to see if you qualify. It is worth a quick assessment. We can help you claim the credit and receive cash refunds up to $5,000 per employee in 2020 and Read the full article…
![[Webinar] Employee Retention Tax Credits: Qualifications, Benefits & Refunds](https://www.krostcpas.com/wp-content/uploads/ERTC-Webinar-1-1.jpg "[Webinar] Employee Retention Tax Credits: Qualifications, Benefits & Refunds")
[Webinar] Employee Retention Tax Credits: Qualifications, Benefits & Refunds
Join Jason Melillo, CPA (Principal – Accounting, ERTC) and Jeff Kamin, CPA (Manager, Accounting, ERTC) as they host a webinar on Employee Retention Tax Credits (ERTC) on Thursday, March 4th at 10:30AM PST. In this session, they will review the details of the recently passed Taxpayer Certainty and Disaster Tax Relief Act of 2020, including: Read the full article…
The House Votes to Extend Employee Retention Tax Credit Through December 2021
We got some great news this morning. The House has voted 219-212 to extend the Employee Retention Credit through December 31, 2021 as part of the $1.9 Trillion Covid relief bill. If it passes the Senate next week it will very likely be signed by the President shortly after. The Employee Retention Credit is a Read the full article…
![[Webinar] Employee Retention Credits: Qualifications, Benefits & Refunds](https://www.krostcpas.com/wp-content/uploads/ERC-Webinar.jpg "[Webinar] Employee Retention Credits: Qualifications, Benefits & Refunds")
[Webinar] Employee Retention Credits: Qualifications, Benefits & Refunds
Join Jason Melillo, CPA (Principal – Accounting, ERTC) and Jeff Kamin, CPA (Manager, Accounting, ERTC) as they host a webinar on Employee Retention Tax Credits (ERTC) on Wednesday, February 10th at 9:30AM PST. In this session, they will review the details of the recently passed Taxpayer Certainty and Disaster Tax Relief Act of 2020, including: Read the full article…
2020 vs. 2021 Employee Retention Credit Comparison Chart
Old Law New Law Eligible Employers 2020 2021 Eligible employers can receive a refundable payroll tax credit of 50% of wages paid to employees between March 13th, 2020 and December 31st, 2020. No Change Eligible employers can receive a refundable payroll tax credit up to 70% of qualifying wages paid between January 1, 2021 and Read the full article…
![[Interview] The Vertical Coronavirus Pandemic](https://www.krostcpas.com/wp-content/uploads/Interview-The-Vertical-Coronavirus-Pandemic.jpg "[Interview] The Vertical Coronavirus Pandemic")
[Interview] The Vertical Coronavirus Pandemic
As Featured in Accounting Today In some ways, the impact of the coronavirus is universal, but a surprising number of industries face very specific and unique problems. Fortunately, they have specialized CPAs and accountants to give them advice and help that is specific to their situations. Here, four accounting firms share the problems their clients Read the full article…
![[UPDATED] How to Secure an SBA Loan if Your Business is Impacted by the Coronavirus (COVID-19)](https://www.krostcpas.com/wp-content/uploads/How-to-Secure-an-SBA-Loan-if-Your-Business-is-Impacted-by-the-Coronavirus-COVID-19.jpg "[UPDATED] How to Secure an SBA Loan if Your Business is Impacted by the Coronavirus (COVID-19)")
[UPDATED] How to Secure an SBA Loan if Your Business is Impacted by the Coronavirus (COVID-19)
As of Friday, March 13, 2020, President Trump declared a national emergency to combat the Coronavirus (COVID-19). Businesses across the nation may be suffering dramatic losses due to the unprecedented response to the virus. Health officials are recommending social distancing guidelines, and travel has severely decreased, among other restrictions, which has caused business to slow Read the full article…
