Restaurants Care is once again partnering up with SoCalGas, PG&E, SDG&E, and Wells Fargo to offer relief grants and services to restaurants in our local communities. These generous funders have made it possible to assist small businesses with their financial situation. The Resilience Fund provides cash grants of $3,000 and one year of small business Read the full article…
The House on Thursday approved more than $40 billion in COVID-19 assistance for restaurant owners who applied but were unable to receive assistance from the federal Restaurant Revitalization Fund. The Restaurant Revitalization Fund depleted quickly as the number of applicants surpassed the number of available funds. Just after three weeks of launch, the fund aided Read the full article…
This is one of the articles in the KROST Quarterly Technology Issue, titled “Disruption and Innovation – Streamlining Client Accounting Services (CAS)” by Sossi Bekarian, CPA, and Peter Minaian. The COVID-19 pandemic forced many businesses to adapt and make significant changes to their practices. Executive and public health orders directed the public to stay home Read the full article…
The Infrastructure Bill (H.R. 3684) was passed by the House on November 5, 2021 and is expected to be signed into law by President Biden. As part of the Bill, the employee retention tax credit (with the exception of the recovery startup business credit) is no longer in effect for the fourth quarter of 2021. Read the full article…
In Late September 2021 Governor Newsom signed Assembly Bill (AB) 150 establishing the Main Street Small Business Tax Credit II. This bill provides financial relief to qualified small businesses for the economic disruptions in 2020 and 2021, resulting in unprecedented job losses. Taxpayers that qualified for Employee Retention Credit may also qualify for the Main Street Read the full article…
Congress passed a $28 billion recovery fund, estimated to be enough to fund roughly 100,000 grants for the restaurant industry. However, in just the first few days of launching it, the SBA received about 186,000 applications. In fact, the latest reporting indicates that the number has grown to 266,000 applications, requesting a total amount of Read the full article…
If you have not looked into Employee Retention Tax Credits, then you need to reach out to your relationship manager or contact us right away to see if you qualify. It is worth a quick assessment. We can help you claim the credit and receive cash refunds up to $5,000 per employee in 2020 and Read the full article…
We have rescheduled this webinar due to the delay in the release of the new regulations from the SBA, the new date is April 1st. The $1.9 trillion American Rescue Plan Act of 2021 (“ARPA”) is the second-largest government economic stimulus package in US history, coming a little less than a year after the $2.2 Read the full article…
This is a preview of one of the articles in the new KROST Quarterly Real Estate Issue, titled “Qualified Improvement Property (QIP) Technical Correction and Bonus Depreciation” by Elvira Frencillo and So Sum Lee The coronavirus has turned the world upside down. It has cost so many lives and caused agony to individuals and businesses. To Read the full article…
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…
