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…
Relief Comes in the Form of R&D Tax Credits for Manufacturing Companies
This is one of the articles in the KROST Quarterly Manufacturing Issue, titled “Relief Comes in the Form of R&D Tax Credits for Manufacturing Companies” by Guest Contributor, Michael Maroney. As history has shown us, difficult times can spark a renaissance of innovation and creativity. With the continued impact of the Coronavirus on American businesses, Read the full article…
Manufacturing Companies Beware: CCPA May Impact Your Business
This is one of the articles in the KROST Quarterly Manufacturing Issue, titled “Manufacturing Companies Beware: CCPA May Impact Your Business” by Keith Hamasaki, CPA. The California Consumer Privacy Act (“CCPA”) is a comprehensive framework to protect California residents (consumers). Effective January 1, 2020, data protection became a California requirement for businesses. All businesses that Read the full article…
Employee Retention Credit Provides Benefits for Manufacturing Employers
This is a preview of one of the articles in the new KROST Quarterly Manufacturing Issue, titled “Employee Retention Credit (ERC) Provides Benefits for Manufacturing Employers ” by Jim Estrella, CPA, MSA. For manufacturers who experienced a suspension in operations or decline in business compared to 2019 due to the COVID-19 crisis, the Employee Retention Read the full article…
Innovation, Positivity, and Evolution: How Three Businesses are Navigating the Pandemic
This is a preview of one of the articles in the new KROST Quarterly Manufacturing Issue, titled “Innovation, Positivity, and Evolution: How Three Businesses are Navigating the Pandemic” with Serrano Industries, Inc., Drop Labs & LumaForge. For insight into how manufacturers and businesses that rely heavily upon supply chains have been impacted by COVID-19, we Read the full article…
Navigate the Complex Issues in Manufacturing & Distribution with KROST’s Industry Experts
KROST has extensive experience in the manufacturing and distribution industry. Our team of experts has experience servicing clients in various sectors such as aerospace and defense, automotive and transportation, consumer products, food and beverage, industrial parts, wholesale distribution, and more. Manufacturing and distribution clients rely on our suite of services, specifically catered to their needs. Read the full article…
Manufacturers with International Operations Should Expect a Tax Bill – Pandemic or Not
This is a preview of one of the articles in the new KROST Quarterly Manufacturing Issue, titled “Manufacturers with International Operations Should Expect a Tax Bill – Pandemic or Not” by Guest Contributor, Alex Martin. Governments with pressing needs for revenue will target multinationals. Here’s how to mitigate the risk. According to the Center for Read the full article…
Foreign-Derived Intangible Income (FDII) Can Increase Cash Flow for Manufacturing Companies and Distributors with Global Operations
This is a preview of one of the articles in the new KROST Quarterly Manufacturing Issue, titled “Foreign-Derived Intangible Income (FDII) Can Increase Cash Flow for Manufacturing Companies and Distributors with Global Operations” by Evelyn Fernandez, CPA, MST. The Tax Cuts and Jobs Act (TCJA) included several tax changes relating to the US taxation of Read the full article…
Accounting for PPP Loans and Forgiveness
This 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…
KROST Quarterly Magazine: The Manufacturing Issue is Now Available!
We are happy to announce the release of our newest quarterly magazine! The Manufacturing Issue highlights some of the hot topics in manufacturing, including accounting for PPP, transfer pricing, Foreign-Derived Intangible Income (FDII), R&D tax credits, and more. What You’ll Find Inside This Issue: Accounting for PPP Loans and Forgiveness by Keith Hamasaki, CPA Manufacturers Read the full article…
Keith Hamasaki, CPA, Named Co-Chair of the PrimeGlobal Manufacturing & Distribution Special Interest Group
Los Angeles, California – November 4, 2019 – KROST’s Assurance & Advisory Director, Keith Hamasaki, CPA, has been appointed to Co-Chair of the PrimeGlobal Manufacturing & Distribution Special Interest Group (SIG). Keith has been a member of PrimeGlobal since he joined KROST in 2016. As the newly named Co-Chair, he is responsible for bringing together Read the full article…
Beyond the Assembly Line: Benefits of Tech Trends in Manufacturing
Below is a preview of one of the articles in the new issue, “Beyond the Assembly Line: Benefits of Tech Trends in Manufacturing” by Mara Garcia: Beyond the Assembly Line: Benefits of Tech Trends in Manufacturing The Association of Equipment Manufacturers listed five manufacturing trends to note in 2018; the internet of things, industry 4.0, Read the full article…
Southern California M&A in Manufacturing Report – 1st Half, 2018
Below is a preview of one of the articles in the new issue, “Southern California M&A in Manufacturing Report – 1st Half, 2018” by Paren Knadjian, M&A: Southern California M&A in Manufacturing Report – 1st Half, 2018 Overview & Trends Mergers & Acquisition (M&A) activity in manufacturing globally was robust in 2018 with just under Read the full article…
This Often-Overlooked Federal Benefit Offers Unique Opportunity for Manufacturers
Below is a preview of one of the articles in the new issue, “This Often-Overlooked Federal Benefit Offers Unique Opportunity for Manufacturers” by Guest Contributor Michael Maroney, Senior Manager – R&D Tax Credit Services: This Often-Overlooked Federal Benefit Offers Unique Opportunity for Manufacturers With the R&D Tax Credit now permanent, businesses are taking full advantage Read the full article…
Manufacturers Beware: The Continued Threat of Cybersecurity Breaches, Hacking & Malware
Below is a preview of one of the articles in the new issue, “Manufacturers Beware: The Continued Threat of Cybersecurity Breaches, Hacking & Malware” by Keith Hamasaki, CPA & Steve Chhuor, CPA: Since the Target data breach in 2013, and Equifax in 2017, there are more and more cybersecurity concerns brought into public view each Read the full article…
Trade Wars: A Whole New World
Below is a preview of one of the articles in the new issue, “Trade Wars: A Whole New World” by Keith Hamasaki, CPA. Trade Wars: A Whole New World Another week, another new list of potential tariffs on imported manufactured products. If you’re manufacturing in China, Europe, Canada, or Mexico the potential trade war will Read the full article…
IC-DISC Tax Savings on Export Goods or Services
Below is a preview of one of the articles in the new issue, “IC-DISC Tax Savings on Export Goods or Services” by Evelyn Fernandez, CPA, MST: Interest‐Charge Domestic International Sales Corporation (IC‐DISC) is quite a mouthful, which may be a reason why most people don’t know about this tax incentive. Thousands of businesses are not Read the full article…
KROST Quarterly: Manufacturing Issue Now Available – Cybersecurity, Tax Incentives, Transactions, Trends and More
We are happy to announce the release of our second quarterly magazine! The Manufacturing Issue highlights some of the hot topics in manufacturing including cybersecurity, tax benefits and incentives, technological advances in manufacturing, and trends. What You’ll Find Inside this Issue: Manufacturers Beware: The Continued Threat of Cybersecurity Breaches, Hacking & Malware by Keith Hamasaki, CPA Read the full article…