Register for our Complimentary Webinar – 2022 Restaurant Budgeting & Projections: Impact of the Pandemic on Your Bottom Line

February 16, 2022By KROST CPAs
Register for our Complimentary Webinar – 2022 Restaurant Budgeting & Projections: Impact of the Pandemic on Your Bottom Line

Join us for our upcoming webinar 2022 Restaurant Budgeting & Projections: Impact of the Pandemic on Your Bottom Line on Tuesday, March 8th at 10AM PST. During this session, industry expert, Derek Johnson, will discuss the significance of budgeting and projections, how setting attainable goals will influence your bottom line, while also highlighting the impacts Read the full article…

Restaurant Revitalization Fund – Details

April 19, 2021By Paren Knadjian
Restaurant Revitalization Fund – Details

1. Introduction 2. Eligible Entities 3. Other Eligibility Criteria 4. Interaction of RRF with other SBA loans 5. Calculation of Funding Amount 6. Eligible Uses of Funds (Eligible Expenses) 7. Timeframe for Using Funds 8. Use of Funds Validation 9. How to Apply 10. Apply through SBA Restaurant Partners 11. Apply Directly through SBA 12. Read the full article…

Register for our Complimentary Webinar – The Restaurant Revitalization Fund

April 13, 2021By Anna Chen
Register for our Complimentary Webinar – The Restaurant Revitalization Fund

Jean Hagan (Principal, Restaurant / Business Management) and Paren Knadjian (Practice Leader, M&A and Capital Markets) are hosting a complimentary webinar on The Restaurant Revitalization Fund. Join us for the details of the new Restaurant Revitalization Fund including eligibility, use of funds, calculation of funding amounts, how to apply and what documentation is required. The Read the full article…

Los Angeles-Based CPA Firm Receives High Praise from Accounting Today

April 9, 2021By Anna Chen
Los Angeles-Based CPA Firm Receives High Praise from Accounting Today

Pasadena, CA. – KROST CPAs and Consultants, Los Angeles-based firm, receives two new accolades from Accounting Today, Top 100 Firms, and Fastest-Growing Firms in the U.S. KROST is a full-service certified public accounting and consulting firm serving clients across various industries in the areas of tax, accounting, consulting, assurance and advisory, M&A and capital markets, Read the full article…

PPP Application Deadline Extended

March 30, 2021By Paren Knadjian
PPP Application Deadline Extended

On Tuesday, March 30th, 2021, President Biden signed the PPP Extension Act of 2021 into law. The Act, which passed on a bipartisan basis by the Senate on March 25th and by the House on March 16th, extends the deadline for Paycheck Protection Program (PPP) loan applications to May 31st, 2021. It was previously March Read the full article…

The American Rescue Plan Act of 2021

March 11, 2021By Paren Knadjian
The American Rescue Plan Act of 2021

On Thursday, March 11th, President Biden signed the much-anticipated American Rescue Plan Act of 2021 into law. The $1.9 Trillion stimulus package expands COVID-19 relief for individuals, families, local governments, and businesses and includes direct payments and increased child credits. While the contents of the plan have been cause for much debate in the last Read the full article…

[Webinar] PPP 2021 Program – Updates on Loan Applications, Rule Changes, Eligibility, Forgiveness, and Interaction with ERTC

March 1, 2021By Paren Knadjian
[Webinar] PPP 2021 Program – Updates on Loan Applications, Rule Changes, Eligibility, Forgiveness, and Interaction with ERTC

The PPP loan program is evolving fast with new rules on Second Draw applications, including a 2-week pause on companies with 20 or more employees and new calculations for sole proprietors. In addition, both the lenders and the SBA are reviewing, rejecting, and putting holds on many applications because of API errors, compliance failures, and Read the full article…

FAQs – PPP Loans

February 17, 2021By Anna Chen
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…