Tax Changes for the Entertainment Industry

October 21, 2021By Alan Lo

This is one of the articles in the KROST Quarterly Sports & Entertainment Issue, titled “Tax Changes for the Entertainment Industry” by Alan Lo, CPA, MAcc. Immediate Expensing of Qualified Production Costs The Internal Revenue Code (IRC) Section 181, which allows immediate expensing of qualified production costs associated with a Television Series, Films, and Live Read the full article…

FAQs – Employee Retention Credit (ERTC)

February 5, 2021By KROST CPAs

The Employee Retention Credit (ERTC) was created as part of the CARES Act to encourage businesses to continue paying employees by providing a credit to the eligible employer for wages paid to eligible employees. The ERC could be a valuable alternative for those who did not qualify for PPP and other emergency loans. We have Read the full article…

[Second Session] PPP Second Draw Loan Program & the Revised Employee Retention Credit – Eligibility and Process Webinar

January 26, 2021By KROST CPAs

Paren Knadjian (Practice Leader, M&A, and Capital Markets), Stacey Korman, CPA (Principal), Sossi Bekarian, CPA (Senior Manager), and Jeff Kamin, CPA (Manager, Accounting, ERTC) hosted a second session on the PPP Second Draw Program & Employee Retention Credits webinar. They reviewed the details of the recently passed Coronavirus Response & Relief Supplemental Appropriations Act including: Read the full article…