Running a small to medium-sized business has always come with a unique set of challenges. Securing credit, managing employees, and staying involved in the day-to-day running of the business creates a constant set of obstacles to be addressed by the business owner, leaving very little time for a life outside of work, let alone applying Read the full article…
As previously communicated, recent updates to the State and Local Tax (SALT) workaround issued by the State of California, clarified some of the more troubling provisions of this law. This update should allow taxpayers to take advantage of the new deduction opportunity. The election and payment for 2021 are due by March 15th. The deduction Read the full article…
On February 9, 2022, the California Governor signed Senate Bill 113 (SB113). SB113 addresses numerous tax provisions, including correction to issues related to Assembly Bill 150 (AB150). AB150 allowed certain owners of qualified passthrough entities to work around the individual $10,000 federal limit on SALT deductions by paying a new elective state pass-through entity (PTE) Read the full article…
Pasadena, CA– INSIDE Public Accounting (IPA) named KROST CPAs & Consultants Top 100 Firm, Top 100 Fastest-Growing Organic Growth Firm, Top 100 Fastest-Growing All Growth, and best of the best in 2021. The firm placed 81st on the prestigious top 100 list, a substantial leap from 116th in 2020. KROST along with other recipients of Read the full article…
The EIDL is a loan directly from the SBA that offers a low-interest, fixed rate, long-term loan that is available to businesses that were impacted by the pandemic. Unlike the PPP, the EIDL must be repaid and cannot be forgiven. Below are the updates to the EIDL program: Maximum loan amount increased from $500,000 to Read the full article…
Los Angeles-based CPA Firm, KROST CPAs and Consultants, welcomes Evelyn Fernandez, CPA, MST, as a new Principal. Evelyn has over 15 years of experience in the public accounting profession, providing strategic advice and tax planning to her clients. Her areas of expertise include inbound and outbound tax planning for individuals and multi-national entities, tax planning Read the full article…
![[Webinar Replay] Exit Planning – Preparing For The Potential Sale of Your Business](https://www.krostcpas.com/wp-content/uploads/MA-Exit-Planning-Webinar-1.jpg "[Webinar Replay] Exit Planning – Preparing For The Potential Sale of Your Business")
If you missed our webinar led by Paren Knadjian, Head of M&A and Capital Markets, there is a recording available. This webinar provides the roadmap to being prepared for when you are planning to sell your business now, in the next 5 years, or have no plan. Topics covered include: • How exit planning fits Read the full article…
This is one of the articles in the new KROST Quarterly Real Estate Issue, titled “Going Green for the Green: Federal Tax Incentives for Energy Efficient Building” by So Sum Lee There are several tax incentives available to the real estate industry. Whether you invest in, build, design, or make significant renovations to real estate, a Read the full article…
Pasadena, CA. – KROST CPAs and Consultants, Los Angeles-based firm, receives two new accolades from Accounting Today, Top 100 Firms, and Fastest-Growing Firms in the U.S. KROST is a full-service certified public accounting and consulting firm serving clients across various industries in the areas of tax, accounting, consulting, assurance and advisory, M&A and capital markets, 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…
