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…
Financial data can be interpreted in several different ways depending on how it is looked at. The information extracted from a set of data and the importance placed on it is derived from circumstance and purpose. When a potential buyer of a business seeks to validate the initial impressions they developed during the pre-due diligence Read the full article…
Recipients of the Restaurant Revitalization Fund(RRF) have until March 11, 2023 to use the funds appropriately, to ensure grant forgiveness. Entities that received RRF need to submit a Restaurant Revitalization Fund Program Post Award Report (SBA Form 3173) detailing how expenses were used. The SBA will require supplemental documentation to make sure the funds were Read the full article…
![[WEBINAR] Alternative Ways To Sell A Business](https://www.krostcpas.com/wp-content/uploads/Copy-of-Making-a-Difference-1.jpg "[WEBINAR] Alternative Ways To Sell A Business")
Join us for our complimentary webinar on Alternative Ways to Sell a Business. When most business owners consider the sale of their company, they normally think of a 100% sale to a competitor or strategic buyer. Whilst this is an option, it is, by no means the only one. Other options include a majority (but 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…
![[Feature] PulseOne: Tech Talk](https://www.krostcpas.com/wp-content/uploads/Pulse-one-Tech-Talk-1-1.jpg "[Feature] PulseOne: Tech Talk")
Our Assurance & Advisory Principal, Keith Hamasaki, was featured on the latest PulseOne Tech Talk with Chad Wiggins. Keith discussed data analytics and ways it could help businesses as well KROST’s new service, KROST Business Intelligence which is a cloud-based data solutions platform that can translate unstructured, impossible-to-read data into structured, real-time insights. If you Read the full article…
Join us for our upcoming webinar Pro Forma – Projecting the Financial Future of Your Restaurant on Tuesday, June 21st at 10AM PST. During this session, industry expert, Derek Johnson, will discuss the current success rate of restaurants and the primary reasons they don’t succeed. In addition, we will review how proper planning and realistic Read the full article…
The restaurant industry has never experienced what we are going through right now. I spend all my time consulting with responsible operators to figure out how to continue operations, keep staff and guests safe, and maintain cash flow. Hundreds of meetings have the same theme: we will fight and do whatever is necessary to keep Read the full article…
![[Webinar] PPP – Calculating, Optimizing and Tracking Use of Funds to Maximize Loan Forgiveness](https://www.krostcpas.com/wp-content/uploads/PPP-Demo-Webinar-1.jpg "[Webinar] PPP – Calculating, Optimizing and Tracking Use of Funds to Maximize Loan Forgiveness")
Join us on Wednesday, May 13th at 10 AM, as we host a webinar led by Paren Knadjian, Head of M&A and Capital Markets at KROST. This webinar will give an update on the latest guidance on the use of PPP loan proceeds, best practices for the use of these loans, and will give a Read the full article…
![[Updated] Senate and House Pass Bill That Provides Additional Funding for PPP and EIDL Loans](https://www.krostcpas.com/wp-content/uploads/Senate-and-House-Pass-Bill-That-Provides-Additional-Funding-for-PPP-and-EIDL-Loans.jpg "[Updated] Senate and House Pass Bill That Provides Additional Funding for PPP and EIDL Loans")
As reported widely, the US Senate and House is taking action to re-open the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program by allocating additional funds to both. The Senate and House have passed a Bill, in the form of an amendment to the CARES Act, that makes $484 billion of Read the full article…
