• 626-449-4225
  • 626-449-4225
  • CONTACT US
  • SUBSCRIBE
  • MAKE A PAYMENT
  • CLIENT PORTAL
Menu
  • 626-449-4225
  • CONTACT US
  • SUBSCRIBE
  • MAKE A PAYMENT
  • CLIENT PORTAL
KROST menu logo
  • About us

    Simplifying the complex.

    Since 1939, our firm has assisted thousands of businesses and individuals reach their financial goals.
    About us overview

    Who We Are

    Our Team

    Associations

    History of KROST

    Awards & Recognition

    Speaker Inquiry

    Press

    Firm Culture

    • Culture
    • Philanthropy
    • Firm Events

    Join Our Team

    • Job Opportunities
    PASADENA (HQ)

    225 S Lake Avenue Suite 400
    Pasadena, CA 91101

    WOODLAND HILLS

    21650 Oxnard Street Suite 1700
    Woodland Hills, CA 91367

    WEST LA

    6701 Center Drive W Suite 825
    Los Angeles, CA 90045

    Contact Us

    Phone: (626) 449-4225
    Fax: (626) 449-4471
    Email: admin@krostcpas.com

    Follow us on social media

  • Services

    Services​

    Our depth of service has developed with our clients' needs in mind. Our goal is to see you succeed in meeting and exceeding your financial goals.
    Services Overview

    Accounting

    Ancillary Tax Reporting
    Bookkeeping
    Financial Statement Compilations
    Financial Statement Preparations
    Trust and Probate

    Client Accounting Services (CAS)

    Accounting Software Training
    Bookkeeping
    Business Management
    Family Office
    Financial Reporting
    Outsourced CFO

    Assurance & Advisory

    Audit and Assurance Services
    Agreed Upon Procedures
    ESG Reporting & Consulting
    Data Analytics Consulting

    KROST Business Intelligence (KBI)

    KROST Fund Admin Solutions

    Mergers & Acquisitions

    Buy-Side M&A
    Non-Transactional Services M&A
    Raising Capital M&A
    Sell-Side M&A

    Tax

    Business Tax Services
    Estate & Gift, Trust, & Probate
    Individual Tax Services
    International Tax Services
    Non-Profit Planning & Compliance
    State & Local Tax
    Tax Controversy & Legal Support

    Tax Specialty Services

    ERC

    Benefit Calculator
    See if You Qualify

    Wealth Management

    Industries Served >

  • Industries

    Industries

    Our subject matter experts unique solutions and real-life experience in each space are what sets our industry teams apart
    Industries Overview

    Restaurant

    Visit Us

    Hospitality

    Visit Us

    Real Estate

    Visit Us

    Manufacturing

    Visit Us

    Not-for-Profit

    Visit Us

    Technology

    Visit Us

    Sports & Entertainment

    Visit Us

    Financial Services

    Visit Us

    Grocery

    Visit Us

    Restaurant

    Hospitality

    Real Estate

    Manufacturing

    Not-for-Profit

    Technology

    Sports & Entertainment

    Financial Services

    Grocery

  • Resources

    Resources

    KROST insights, tax guides, and other business resources to support our customers
    KROST Insights

    Information

    COVID-19 Resource Center
    Webinar Education
    KROST Magazine

    Tools

    Track Your State Refund
    Track Your Federal Refund
    Interactive Tax Tools
    Tax Due Dates
    CA Department of Tax and Fee Administration (CDTFA)

    Tutorial

    SafeSend Tutorial – 1040 User
    SafeSend Tutorial – Entity & Trust User

    Featured Insights

    2023 LA Chapter Elizabeth Burns Lifetime Achievement Award Gala

    KROST is Attending the California Restaurant Association LA Chapter Elizabeth Burns Lifetime Achievement Award Gala

    May 26, 2023
    Managed IT Services, Why Outsource

    PulseOne – Managed IT Services, Why Outsource?

    May 18, 2023
    KROST's Certified Intacct Professionals Can Provide the Best for Your Business

    KROST’s Certified Intacct Professionals Can Provide the Best for Your Business

    May 10, 2023
    Take Advantage of Lifetime Exclusion While You Can

    Take Advantage of Lifetime Exclusion While You Can

    May 9, 2023
    Keith Hamasaki Named Leader of Influence Minority CPA by Los Angeles Business Journal

    Keith Hamasaki Named “Leader of Influence: Minority CPA” by Los Angeles Business Journal

    May 2, 2023
    CDTFA Announces New Sales and Use Tax Rates

    California Department of Tax and Fee Administration Announces New Sales and Use Tax Rates

    April 19, 2023

    KROST is Attending the California Restaurant Association LA Chapter Elizabeth Burns Lifetime Achievement Award Gala

    May 26, 2023

    PulseOne – Managed IT Services, Why Outsource?

    May 18, 2023

    KROST’s Certified Intacct Professionals Can Provide the Best for Your Business

    May 10, 2023

    Take Advantage of Lifetime Exclusion While You Can

    May 9, 2023

    Keith Hamasaki Named “Leader of Influence: Minority CPA” by Los Angeles Business Journal

    May 2, 2023

    California Department of Tax and Fee Administration Announces New Sales and Use Tax Rates

    April 19, 2023
  • Insights
REQUEST PROPOSAL

UNICAP

2018 Tax Planning – TCJA Impact on Cash Method of Accounting

March 18, 2019By Alan Lo
2018 Tax Planning – TCJA Impact on Cash Method of Accounting

Enacted on December 22, 2017, the Tax Cuts and Jobs Act (TCJA) was hailed as the largest

Meet Our Experts

Greg GREGORY A. KNISS, CPA Chairperson Button with arrow Greg Kniss Jason JASON C. MELILLO, CPA CEO Button with arrow Jason Melillo Lou LOU GUERRERO, CPA, MBT Principal - Tax Practice Leader Button with arrow Lou Guerrero So Sum SO SUM LEE, CPA Principal - Tax Button with arrow So Sum Lee Grant GRANT MILLER, CPA, EA Principal - Tax Button with arrow Grant Miller Richard RICHARD UMANOFF, CPA, MBA Principal - Estate & Gift, Trust and Probate Button with arrow Richard Umanoff Doug DOUGLAS A. VENTURELLI, ESQ. Principal - Estate & Gift, Trust & Probate Button with arrow Douglas Venturelli Evelyn EVELYN FERNANDEZ, CPA, MST Principal - Tax Button with arrow Evelyn Fernandez Brad BRAD PAULEY, CPA Principal - Tax Button with arrow Brad Pauley Matt MATTHEW WEBER, CPA, MAcc Director - Tax Button with arrow Matt Weber Aric ARIC WONG, CPA, MBT Director - Tax Button with arrow Aric Wong Elvira ELVIRA FRENCILLO, CPA Senior Manager - Tax Button with arrow Elvira Frencillo Alan ALAN LO, CPA Manager - Tax Button with arrow Alan Lo David DAVID HA, CPA Manager - Tax Button with arrow David Ha Kimberly KIMBERLY HOANG, CPA Manager - Tax Button with arrow Kimberly Hoang Chris CHRISTOPHER KOCHIYAMA, CPA Manager - Tax Button with arrow Christopher Kochiyama Ronique RONIQUE DAVIS, CPA Manager - Tax Button with arrow Ronique Davis Daniel DANIEL SERBIN, CPA Manager - Tax Button with arrow Daniel Serbin
CONTACT US

If you have questions regarding our tax services, schedule a call today.

Recent Tax News

  • Take Advantage of Lifetime Exclusion While You Can
  • Estate & Trust Planning Strategies: Power of Appointment and Disclaimer Trust Explained
  • Update #3: IRS Tax Relief on California Storm Victims
  • The Impact of Power of Attorney and Understanding the Differences
  • Update #2: IRS Extends Filing Deadline for California Storm Victims: Tax Relief Available

Subscribe to KROST



Follow Us on Social

HOME ›
ABOUT ›
BLOG ›
CAREERS ›
SUBMIT AN RFP ›
MAKE A PAYMENT ›

CONTACT US

P: (626) 449-4225
F: (626) 449-4471

SERVICES

Accounting Services ›
Assurance & Advisory Services ›
Client Accounting Services (CAS) ›
KROST Business Intelligence (KBI) ›
Mergers & Acquisitions ›
Tax Services ›
Tax Specialty Services ›
Wealth Management ›

INDUSTRY EXPERTISE

Sports & Entertainment ›
Financial Services ›
Grocery ›
Hospitality ›
Manufacturing & Distribution ›
Not-For-Profit ›
Real Estate ›
Restaurant Consulting ›
Technology ›

SUBSCRIBE


Receive timely tax and accounting news, as well as our exclusive content right in your inbox.

SUBSCRIBE

Follow KROST on Social Media

Share Your Experience

Send us your feedback ›

©2023 KROST Certified Public Accountants & Consultants | Privacy Policy | Terms of Service/Use | Cookie Policy | Do Not Sell My Information

Accountants | Auditors | Consultants | CPAs – KROST CPAs & Consultants is a certified public accounting and consulting firm focused on serving companies across Southern California (CA) with offices in Pasadena, Woodland Hills, and West LA. Since 1939, KROST has assisted businesses and individuals reach their financial goals through their in-depth knowledge of Tax, Accounting, Assurance and Advisory, Client Accounting Services (CAS), KROST Business Intelligence (KBI), M&A, Wealth Management, and Consulting Services. KROST also provides specialty tax services such as Cost Segregation studies, R&D tax credits, Green Building Tax Incentives, Repair vs. Capitalization, Fixed Asset, IC-DISC, and more. For additional information contact us at 626-449-4225.

REQUEST PROPOSAL
  • About
    • Who We Are
    • Our Team
    • Associations
    • Press
    • Firm Culture
      • Philanthropy
      • Firm Events
      • Diversity, Equity, Inclusion, & Belonging Committee
    • Awards & Recognition
    • History of KROST
    • Speaker Inquiry
    • Join Our Team
      • Job Opportunities
  • Services
    • Accounting Services
      • Accounting Services Overview
      • Ancillary Tax Reporting
      • Bookkeeping
      • Business Wind Up
      • Clean up and Write Up
      • Family Office
      • Financial Management
      • Financial Reporting
      • Policy and Procedure Consulting
      • Start-Up Accounting
      • Trust and Probate
    • Client Accounting Services (CAS)
      • Software Training
      • Outsourced CFO
    • Assurance & Advisory Services
      • Audit and Assurance Services
      • Agreed Upon Procedures
      • Environment, Social, and Governance (ESG) Reporting & Consulting
      • Data Analytics Consulting
    • Mergers & Acquisitions
      • Mergers & Acquisitions Services Overview
      • Buy-Side M&A
      • Non-Transactional Services M&A
      • Raising Capital M&A
      • Sell-Side M&A
    • Tax Services
      • Tax Services Overview
      • Business Tax Consulting and Compliance
      • Estate and Gift, Trust, and Probate
      • Individual Tax Consulting and Compliance
      • International Tax Consulting and Compliance
      • Non-Profit Planning and Compliance
      • State and Local Tax Consulting and Compliance
      • Tax Controversy Services & Legal Support Team
    • Tax Specialty Services
      • Corporate Tax Incentives Overview
      • California Competes Tax Credit
      • Cost Segregation Studies
      • Green Building Tax Incentives
      • IC-DISC Federal Export Tax Incentive
      • Repair vs. Capitalization Review
      • Research & Development Tax Credit
      • Transfer Pricing
    • Wealth Management
    • Employee Retention Tax Credit
      • Benefit Calculator
      • See If You Qualify
    • KROST Business Intelligence
      • KBI – Test Drive
    • KROST Fund Admin Solutions
    • Restaurant Revitalization Fund Services
  • Industries
    • Restaurant
    • Hospitality
    • Manufacturing
    • Real Estate
    • Technology
    • Sports & Entertainment
    • Financial Services
    • Not-for-Profit
    • Grocery
  • Resources
    • COVID-19 Resource Center
    • Webinar Education
    • KROST Quarterly
    • Tax Due Dates
    • Track Your State Refund
    • Track Your Federal Refund
    • Interactive Tax Tools
    • SafeSend Tutorial – 1040 User
    • SafeSend Tutorial – Entity & Trust User
    • CA Department of Tax & Fee Administration
  • Blog
  • Subscribe
  • Make a Payment
  • Client Login
  • Contact Us