Update: IRS Extends Filing Deadline for California Storm Victims: Tax Relief Available

January 18, 2023By Lou Guerrero

The Governor’s office announced on January 13, 2023, that California will conform to the filing extensions granted by the Internal Revenue Service (IRS) for California storm victims. This means that filing and payment deadlines for affected individuals and businesses in California are extended to May 15, 2023. On January 10, the IRS announced tax relief Read the full article…

The State of California is Poised to Overtake Germany as World’s No. 4 Economy

October 31, 2022By Paren Knadjian

California residents are used to hearing, and oftentimes experiencing, negative consequences for living in the Golden State. Whether it be earthquakes, forest fires, homelessness, or drought, we also seem to be surrounded by a stream of news about businesses fleeing California for the lower tax and regulation-lite states of Texas, Nevada, or Arizona. However, contrary Read the full article…

The Merits of Partial Sale and Rollover Equity

October 13, 2022By Paren Knadjian

Introduction to Rollover Equity When business owners are considering the sale of their business, they tend to make two assumptions that limit their options – sell to a strategic buyer and sell 100% of their company. Let’s look at the first assumption. It is true that many M&A deals involve the sale of one corporation Read the full article…

Press Release: KROST Acts as Exclusive Financial Advisor for American Range in Sale to Hatco

October 11, 2022By KROST CPAs

Los Angeles, California – American Range, a privately held manufacturer of commercial and residential cooking appliances, was sold to Hatco, an employee-owned manufacturer of warming, cooking, sanitizing, and cooling equipment. KROST CPAs & Consultants acted as the exclusive financial advisor to American Range in its transaction to Hatco Corporation. American Range was founded over 40 Read the full article…

Clients Spotlight: 10 Speed Coffee, Apple Pan, 1933 Group, Acme Hospitality, and El Paseo Inn Featured in Magazines

October 10, 2022By KROST CPAs

KROST’s Restaurant clients have been featured in magazines as some of the best in their own respective categories. We are fortunate to have clients that are an integral part of the food, beverage, and hospitality scene in California. We would like to recognize 10 Speed Coffee, The Apple Pan, 1933 Group, Acme Hospitality, and El Read the full article…

Benefit Package Incentives: Employee Meals

October 5, 2022By Jean Hagan

As restaurant operators struggle to find enough staff to maintain their operations, many owners are considering improving their benefits package as an incentive for employees. Benefits expansion is a challenging and always tricky strategy for restaurant operators. An organization needs to be certain that the perks provided are valuable to the employee group through surveys Read the full article…