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Stacey R. Korman, CPA, MST
PRINCIPAL — ACCOUNTING
Stacey Korman is the Accounting Principal at KROST. She is a key member of our advisory team and is a trusted consultant. Stacey has extensive experience in assurance, advisory, and accounting services, with an emphasis on middle-market companies and high-net-worth individuals. She has spent her career managing audits, reviews, and compilation engagements. To support KROST clients during the pandemic, Stacey helped launch the firm's PPP Loan Assistance program, including the team’s development of a unique calculator that optimizes loan forgiveness.
She serves a variety of industries, including management companies of hedge funds, high-net-worth individuals, entertainment, real estate, technology, foodservice, and not-for-profits. She also leads the firm's Client Accounting Service (CAS) practice, providing consulting and cash management services to professional services companies, high net worth individuals, and small businesses. In addition to leading the day to day operations of the accounting department which includes business management services, Stacey is a mentor to staff members and leads technical and leadership training sessions.
Prior to joining KROST, Stacey was a senior manager at a top 10 national firm where she served commercial service clients in a variety of industries.
Professional Experience
- KROST, Principal (2021 — Present)
- KROST, Director (2017 — 2021)
- KROST, Senior Manager (2014 — 2017)
- Rothstein Kass, Senior Manager (2011 — 2014)
- Rothstein Kass, Manager (2009 — 2011)
- Rothstein Kass, Supervising Senior (2006 — 2009)
- Miller, Ellin & Company, Staff Accountant (2001 — 2006)
- Arthur Andersen, Senior Auditor (2000 — 2001)
- Arthur Andersen, Staff Auditor (1998 — 2000)
Education
- Master of Science in Taxation, Baruch College, New York
- Bachelor of Science in Accounting with Emphasis in Business Law, Pennsylvania State University
Professional Affiliations
- Member of American Institute of Certified Public Accountants (AICPA)
- Member of California Society of Certified Public Accountants (CalCPA)
- Member of New York State Society of Certified Public Accountants (NYSSCPA)
Extracurricular Activities
- Member of New York Cares – a volunteer organization
Certifications
- AICPA Fundamental Client Accounting Advisory Services
- Sage Intacct Accounting Specialist
Stacey's 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…

Client Spotlight: Nickel Diner
December 1, 2022This is one of the articles in the KROST Quarterly Hospitality Issue, titled “Client Spotlight: Nickel Diner” by Stacey Korman, CPA, MST We had the opportunity to interview our clients, Kristen Trattner and Monica May, co-owners of Nickel Diner. We gained insight into their experience founding the diner and navigating challenges during the pandemic. They Read the full article…

Accessing Restaurant Revitalization Funds
November 18, 2022If you are having trouble accessing your Restaurant Revitalization Fund (RRF), please follow the steps below. If you have not logged into your account through the Small Business Administration (SBA) portal, or it has been a while since your last log in, the SBA may have marked your account as “inactive”. In this case, you 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…

KROST Quarterly Magazine: The Hospitality Issue, Vol 4, Issue 4, is Now Available!
June 24, 2022We are happy to announce the release of our newest quarterly magazine! The Hospitality Issue highlights some of the hot topics in the hospitality industry including tax credit for new employees, double-dipping, lease provisions, and HR solutions. What You’ll Find Inside this Issue: Tax Credit for Hiring New Employees By Kimberly Hoang, CPA A Win Read the full article…

What is Client Accounting Services?
February 23, 2022Did 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…

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…

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…

FAQs – PPP Loans
February 17, 2021Since 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…

KROST Quarterly Magazine: The Financial Services Issue is Now Available!
February 16, 2021We are happy to announce the release of our newest quarterly magazine! The Financial Services Issue highlights some of the hot topics in financial services including Section 1244 claims, the Lender Management, LLC case study, research & development, waterfall calculations, IRC Section 1061, and FinTech trends. What You’ll Find Inside this Issue: Section 1244: Claiming Read the full article…