In the last few months of the year, it is important to consider year-end tax planning opportunities as many may provide both immediate and long-lasting financial benefits. This year has brought incredibly unique challenges and significant change. Businesses that have not yet explored year-end tax planning should take an immediate inventory of their situation to 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…
Pasadena, California – KROST’s Assurance & Advisory Principal, Keith Hamasaki, CPA, has made the Los Angeles Business Journal’s Top 100 Accountants list. In addition, he is also in the running for the specialty awards that will soon be announced. We will be supporting Keith at the 2022 Top 100 Accountants event on November 9, 2022, Read the full article…
This is one of the articles in the KROST Quarterly Hospitality Issue, titled “What Happens When You End a Lease Early for a Nonprofitable Location” by Aric Wong The pandemic has caused many restaurants to close due to a loss of revenue. Even after the reopening of dine-in restaurants in California, many anticipate significantly reduced Read the full article…
California residents are used to hearing, and oftentimes experiencing, negative consequences for living in the Golden State. Whether it be earthquakes, forest fires, homelessness, or drought, we also seem to be surrounded by a stream of news about businesses fleeing California for the lower tax and regulation-lite states of Texas, Nevada, or Arizona. However, contrary 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…
Pasadena, California – KROST’s Chief Financial Officer, Donna Bateman, CPA, has been nominated for the Los Angeles Business Journal 2022 CFO Awards. We will be supporting Donna at the 16th annual CFO Awards event on Thursday, September 22nd, at the Millennium Biltmore in Los Angeles. The event will be hosted in the evening and will Read the full article…
LOS ANGELES, CA — Los Angeles-based CPA firm, KROST CPAs & Consultants, appoints Matthew Weber, CPA, MAcc to KROST’s Principal in Development (PID) program. In the PID program, Matthew joins leadership trainings to prepare for the partner path, as well as attend partner meetings to gain insight into the role. He also sets individual goals Read the full article…
The CalCPA Los Angeles Chapter will be hosting an event on Thursday, August 18, 2022, to celebrate the newly licensed CPAs. This exclusive event is located at the W Hollywood with free admission for all new licensees. CalCPA is extending the invite to anyone who wants to celebrate, network, and be surrounded by top attractions Read the full article…
One of the most eye-opening experiences I ever had in my professional career was within the first two months of starting my public accounting journey. Let me set the stage. It was the end of busy season, everyone was tired and we saw a partner walking over. Immediately we thought we’d receive more work, but Read the full article…
