Retention Period Requirements for Preservation of Records

May 16, 2024By KROST CPAs
Retention Period Requirements for Preservation of Records

As featured by the California Restaurant Association as an Industry Insight. Below is a summary of the record-retention requirements for sales and use tax, federal and state income tax, federal and state employment tax, and federal and state requirements for various other employment-related records. This article was written in partnership with Zaller Law Group. Record-keeping Read the full article…

Tax Credit for Hiring New Employees

August 8, 2022By Kimberly Hoang, CPA
Tax Credit for Hiring New Employees

This is one of the articles in the KROST Quarterly Hospitality Issue, titled “Tax Credit for Hiring New Employees” by Kimberly Hoang, CPA. The restaurant industry took a massive hit during the pandemic. With statewide mandates enforcing closures, layoffs were necessary. As vaccines have become widely available, the industry is slowly making its way back Read the full article…