Join us for our upcoming webinar – How to Effectively Budget for Your Restaurant in 2022 on Tuesday, October 25th at 10 AM PST. During this session, industry expert, Derek Johnson, will discuss the importance of budgeting and projections, ways to set attainable goals suited to your business and teach how to manage your expenses Read the full article…
LOS ANGELES, CA [July 28, 2022] — Los Angeles-based CPA Firm, KROST CPAs and Consultants announced Paren Knadjian as Principal of M&A and Capital Markets and Brad Pauley as Principal of Tax. Paren Knadjian has successfully completed over 200 M&A and Capital Markets transactions worth over $1 billion. Having been at the firm since 2017, Read the full article…
Our CEO, Jason Melillo, Assurance & Advisory Principal, Keith Hamasaki, Assurance & Advisory Senior Manager, Steve Chhuor, and Assurance & Advisory Manager Rebecca Hickle, are attending the AICPA ENGAGE Conference. The conference takes place from June 6th through June 9th and will be held at the Aria Resort and Park MGM in Las Vegas. Our Read the full article…
![[Webinar Replay] The Restaurant Revitalization Fund](https://www.krostcpas.com/wp-content/uploads/Restaurant-Revitalization-Fund-webinar-05-04-2021.jpg "[Webinar Replay] The Restaurant Revitalization Fund")
If you missed our webinar led by Paren Knadjian, Head of M&A and Capital Markets and Jean Hagan, Principal of Business Management, there is a recording available. This webinar goes over the Restaurant Revitalization Fund, including details of the new Restaurant Revitalization Fund eligibility, how to apply, what documentation is required, and updates on PPP Read the full article…
In 2020, the Restaurant Industry was projected to do $899 billion in sales. That expectation has since been adjusted down to $659 billion in sales, a $240 billion hit to the industry as a result of the pandemic. Every operator has felt the effects of the pandemic, and the most motivated, wasted no time pivoting Read the full article…
Pasadena, CA. – KROST CPAs and Consultants, the Los Angeles based firm, has announced a new Principal, Stacey R. Korman, CPA, MST. Stacey has extensive experience in assurance & advisory and accounting services and since joining the firm she has led the accounting and audit departments. As an AICPA certified Fundamental Client Accounting Advisor, Stacey Read the full article…
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…
On December 27, 2020, Congress passed a $900 billion COVID-relief package, along with a $1.4 trillion spending package, that funds the government for the 2021 fiscal year. The spending bill includes several tax extenders; Section 45L tax credit for multifamily and residential developers, 179D tax deduction for commercial and government buildings, as well as 25C Read the full article…
Big news today as President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This $2 Trillion stimulus bill provides much needed financial support to businesses and individuals impacted by COVID-19. We will be providing a full analysis of the bill in the coming days. That said, we know you have lots of Read the full article…
Nothing has gripped us quite like the Coronavirus (COVID-19). It has begun to affect all facets of life, from travel bans, school closures, meetings, and even financial reporting. Generally Accepted Accounting Principles (GAAP) has an Accounting Standard Codification (ASC) that addresses unforeseen circumstances occurring after the balance sheet date but before the audit is issued. Read the full article…
