As featured by the California Restaurant Association as an Industry Insight. Below is a summary of the record-retention requirements for sales and use tax, federal and state income tax, federal and state employment tax, and federal and state requirements for various other employment-related records. This article was written in partnership with Zaller Law Group. Record-keeping Read the full article…
This is one of the articles in the KROST Industry Sports & Entertainment Issue, titled “Client Accounting Service Strategies for Success in the Sports & Entertainment Industry” by Stacey R. Korman, CPA, MST In the fast-paced and dynamic world of sports and entertainment, financial management plays a crucial role in the success of artists, performers, Read the full article…
As the scorching summer months approach, businesses across various industries are gearing up for a different kind of cleaning spree: record retention summer cleaning. With the sheer volume of documents accumulated over time, it can be overwhelming to navigate through the labyrinth of paperwork and determine which ones are important to keep and for how Read the full article…
The California Small Business and Nonprofit COVID-19 Supplemental Paid Sick Leave Relief Grant Program (CA SPSL) awards eligible California small businesses and nonprofits grants, ranging between $5,000 – $50,000, to reimburse for COVID-19 supplemental paid sick leave provided to workers between January 1, 2022, to December 31, 2022. Grants are awarded on a first-come, first-serve Read the full article…
Our Sports & Entertainment industry professionals, Stacey Korman, Brad Pauley, Alan Lo, and Andrea Bonilla, are attending the Trusted Advisor’s second annual Trusted X LA Technology Summit on June 8th. The exclusive one-day event is held in Santa Monica from 1:00pm-7:00pm and consists of opening and closing remarks, various panels presented by industry experts, and Read the full article…
Sage Intacct is a cloud-based financial management and accounting software that helps businesses automate and streamline their financial processes. Our Intacct client onboarding process is seamless and requires little to no processing time on our client’s end. We have a team of certified Intacct users, including our Accounting Principal, Stacey Korman, who serve a range Read the full article…
On March 11, 2023, the period to use the Restaurant Revitalization Fund (RRF) for eligible expenses incurred between February 15, 2020, and March 11, 2023, ended. The next step for grant forgiveness is to complete and submit a Restaurant Revitalization Fund Program Post Award Report (SBA Form 3173) by April 30, 2023, detailing how the Read the full article…
Cloud computing is the future of the accounting industry. Essentially cloud computing is the storing, managing, and processing data on the internet instead of storing information on local hard drives or servers. Information can be accessed from any device and is easily shared with management, team members and trusted advisers. Cloud computing simplifies the accounting Read the full article…
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…
