This 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…
If 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…
Our Chairperson, Gregory Kniss, CPA, Restaurant Practice Principal, Jean Hagan, and M&A and Capital Markets Principal, Paren Knadjian are attending the Restaurant Finance & Development Conference. The conference takes place from November 14th-16th and will be held at the Wynn Hotel in Las Vegas. Our team will be networking and attending sessions on topics such Read the full article…
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…
Join us for our upcoming webinar – How to Effectively Budget for Your Restaurant in 2022 on Tuesday, October 25th at 10 AM PST. During this session, industry expert, Derek Johnson, will discuss the importance of budgeting and projections, ways to set attainable goals suited to your business and teach how to manage your expenses Read the full article…
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…
Our Restaurant team exhibited at the Western Foodservice & Hospitality Expo on Monday, August 29th from 11am-5pm. We were located at the Los Angeles Convention Center — South Hall in Booth #1123. We volunteered to raise money for Restaurants Care. Thank you to those who came by to say hello and spun our prize wheel. Read the full article…
The National Restaurant Association asked the Small Business Administration to disperse $180 million in leftover Restaurant Revitalization Funds to applicants who did not receive funds in a letter sent on July 27, 2022. The Restaurant Revitalization Fund, otherwise known as RRF, is a critical program recovery program created in response to the COVID-19 pandemic. The Read the full article…
Beginning July 1st, we have local minimum wage increases taking effect in many of the cities that you operate in. In the cities of Santa Monica, Malibu, and unincorporated areas of Los Angeles County, minimum wage is increasing from $15.00 to $15.96. In the City of Los Angeles, the new minimum wage will increase to Read the full article…
We 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…
