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…
[WEBINAR] PPP Second Draw Loan Program & the Revised Employee Retention Credit – Eligibility and Process
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) will host a free webinar on the PPP Second Draw Program & Employee Retention Credits. They will review the details of the recently passed Coronavirus Response & Relief Supplemental Appropriations Act Read the full article…
Paycheck Protection Program First & Second Draw Loans – Updated Rules
On December 27, 2020, President Trump signed the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act) into law to provide continued assistance to individuals and businesses that have been financially impacted by the ongoing coronavirus pandemic. Section 311 of the Economic Aid Act added a new temporary section, 7(a)(37), Read the full article…
Paycheck Protection Program Re-opens
The SBA has opened the Paycheck Protection Program loan portal on Monday, January 11, 2021 at 9 am ET. At this point, it is initially accepting First Draw PPP Loan applications from Community Development Financial Institutions, Minority Depository Institutions, Certified Development Companies, and Microloan Intermediaries. However, that will be broadened to include all lenders, and Read the full article…
Register for Upcoming Webinar with the CRA: PPP Second Draw Program – Rules for Eligibility and Forgiveness
Jean Hagan (Principal, Restaurant / Business Management) and Paren Knadjian (Practice Leader, M&A, and Capital Markets, PPP Forgiveness) are hosting a free webinar with the California Restaurant Association (CRA), on the PPP Second Draw Program. Join our restaurant accounting and consulting experts on Thursday, January 14th at 10AM PT as they provide an in-depth look Read the full article…
Register for Upcoming Webinar – PPP Second Draw Program & Other Key Provisions of the COVID-19 Relief Bill
Jean Hagan (Principal, Restaurant / Business Management) and Paren Knadjian (Practice Leader, M&A, and Capital Markets, PPP Forgiveness) are hosting a free webinar with Kristi Turner, CMO of Compeat Restaurant Management Software, on the PPP Second Draw Program. Join our restaurant accounting and consulting experts on Wednesday, January 13th at 1PM CT as they provide Read the full article…
The Paycheck Protection Program & Other Small Business Support as Part of The New Stimulus Bill
As previously reported, the $900 billion COVID-19 stimulus Bill contains an additional $284 billion for additional PPP loans for small businesses, referred to as Second Draw Loans. Some of the new rules and rule changes apply to both the Initial and Second Draw PPP loans. Below are the details of the Bill, with respect to PPP Read the full article…
$900 Billion Stimulus Bill Agreed in Congress
Congress reached an agreement late on Sunday, December 20th, for a $900 billion stimulus package. The Bill is expected to pass the House and Senate and be signed into law by December 23rd. The full text of the Bill has just been released and we are reviewing the details. Meanwhile, below are the highlights of how 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…
KROST PPP Loan Forgiveness Review Services for Borrowers and Lenders
Since the launch of the KROST PPP Loan Forgiveness Application Review Service, almost one-third of our clients that received PPP loans have already signed up. If you’re interested, our services are intended to aid both borrowers and lenders by taking on the burden of calculating forgiveness values, checking that expenses conform to the SBA forgiveness Read the full article…

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