Real Estate Business Provision and Initiatives Included in Bipartisan COVID-19 Agreement

January 25, 2021By Jose Calles, CPA

Congress introduced the Bipartisan economic relief package on December 20, 2020. This relief bill provides stimulus to individuals and businesses. As an industry impacted by the pandemic, real estate businesses can benefit from several key tax provisions in the package. We have outlined these opportunities below. Business Meals Deduction Currently, the deductibility of business meals … Read More

2020 Year-End Tax Planning Opportunities for Individuals

November 24, 2020By KROST

As year-end approaches, it is wise to think of planning moves that will help lower your tax obligations and provide financial relief. Year-end planning for 2020 takes place against the backdrop of the 2017 Tax Cuts and Jobs Act (TCJA) and the 2020 CARES ACT. The TCJA had major changes in the tax rules for … Read More

IRS to Audit High-Income Tax Returns

August 26, 2020By Brad Pauley, CPA

The IRS announced on June 18th that they will be looking at hundreds of high-income tax returns between July 15th and September 30th. They are expected to be looking at not only the taxpayer’s individual returns but any business-related pass-through entities as well. These reviews create exposure for athletes and entertainers who have high income and … Read More

KROST Celebrates 80 Years of Success in Pasadena

February 18, 2019By KROST

KROST is proud to announce the celebration of its 80th anniversary. Since 1939, the firm has assisted thousands of businesses and individuals to reach their financial goals through tax, accounting, and consulting services. KROST is headquartered in Pasadena, California with four strategic locations throughout Greater Los Angeles. In 2018, KROST experienced outstanding growth of 31.41% … Read More

2018 Individual Tax Planning

December 6, 2018By KROST

As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next. Year-end planning for 2018 takes place against the backdrop of the new 2017 Tax Cuts and Jobs Act that make major changes in the … Read More

2016 Individual Tax Planning Ideas

December 2, 2016By KROST

As the end of the year approaches, it is a good time to consider tax planning strategies that will help lower your tax bill for this year and possibly the next. Our office can help you prepare such a strategy, and the earlier we get started, the greater the potential maximization of benefits. We have … Read More