What is Cloud Computing?
Cloud 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
Recipients 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…
What is Client Accounting Services?
Did you know that we provide Client Accounting Services (CAS)? CAS can be a cost-effective way to have high-level financial reporting without having to hire a team of Certified Public Accountants and accounting professionals. At its core, CAS is a shift from traditional compliance-based accounting to a 360-advisory mindset. CAS is a fully customizable service, Read the full article…
Disruption and Innovation – Streamlining Client Accounting Services (CAS)
This 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…
KROST Quarterly Magazine: The Technology Issue, Vol 4, Issue 2, is Now Available!
We are happy to announce the release of our newest quarterly magazine! The Technology Issue highlights some of the hot topics in the technology industry including Client Accounting Services (CAS), Nonfungible Tokens, the Effect of Upcoming Changes to IRC Section 174 on the Software Development Industry, and more. What You’ll Find Inside this Issue: Nonfungible Read the full article…
FAQs – PPP Loans
Since the CARES Act passed into law in March, there have been new laws, multiple rule publications, and over 50 FAQs released by the SBA regarding the PPP and EIDL loans. KROST’s subject matter experts have compiled a list of frequently asked questions below: Question: How are full-time equivalent employees calculated in the 2nd PPP? Read the full article…
![[Second Session] PPP Second Draw Loan Program & the Revised Employee Retention Credit – Eligibility and Process Webinar](https://www.krostcpas.com/wp-content/uploads/PPP-Second-Draw-Loan-Program-the-Revised-Employee-Retention-Credit-–-Eligibility-and-Process-1-1.jpg "[Second Session] PPP Second Draw Loan Program & the Revised Employee Retention Credit – Eligibility and Process Webinar")
[Second Session] PPP Second Draw Loan Program & the Revised Employee Retention Credit – Eligibility and Process Webinar
Paren Knadjian (Practice Leader, M&A, and Capital Markets), Stacey Korman, CPA (Principal), Sossi Bekarian, CPA (Senior Manager), and Jeff Kamin, CPA (Manager, Accounting, ERTC) hosted a second session on the PPP Second Draw Program & Employee Retention Credits webinar. They reviewed the details of the recently passed Coronavirus Response & Relief Supplemental Appropriations Act including: Read the full article…
