KROST

Happy Labor Day! We’d like to recognize the many achievements of American workers and celebrate their contributions. Our offices are closed in observance of the holiday. We hope everyone enjoys a well-deserved break!

Our team attended the CalCPA LA Chapter's Honorees Night, to celebrate the newly licensed CPAs. KROST would like to congratulate Avetis Avetisyan, Quyen Ma, and Nancy Robles, on becoming certified public accountants! We are honored to have such a talented and dedicated team.

A great part of opening and running a restaurant includes getting all the proper licenses and permits required to legally open and operate the business in the state, county and city it is located in. Check out our overview of some of the most common licenses and permits needed to open a restaurant in California » https://hubs.li/Q02MgZg10

Licenses and Permits Required for Operating a Restaurant in California: An Overview | KROST It is no secret that a tremendous amount of work goes into opening and running a restaurant. One part of it is getting all the proper licenses and permits

The Principals & employees of KROST are happy to join the EisnerAmper family, in a combination set to close in September 2024. This partnership will enhance our service offerings and bring even more resources to our industry. The same team will be here, now with added expertise and innovation. Stay tuned for more updates as we embark on this exciting new chapter!

When contemplating a merger or acquisition, buyers and sellers must decide whether to structure the deal as a stock or asset sale. Understanding these differences is crucial for making an informed decision. Learn how each structure carries distinct implications for both parties, influencing aspects such as tax liability, legal considerations, and overall transaction complexity: https://hubs.li/Q02K51nf0

Comparing Stock Sales and Asset Sales in the M&A Landscape | KROST When contemplating a merger or acquisition, buyers and sellers must decide whether to structure the deal as a stock or asset sale. Each structure carries

It's so important to take care of our environment, and we're proud to do our part. Our staff recently gathered with Heal the Bay to clean up our local shores and protect marine life, collecting 66 pounds of trash. Together, we create a cleaner, safer environment for everyone!
Learn more about our volunteering: https://hubs.li/Q02JYFB20

Happy National Intern Day! This day recognizes the efforts, challenges, and accomplishments of interns. We held our annual two-day summer externship program at our headquarters in Pasadena last week. College students participated in simulated activities, attended leadership workshops hosted by our firm professionals, and experienced the KROST culture.

Life insurance can be an essential estate planning tool to help protect your legacy. Read about estate planning roles life insurance can have, in our recent article: https://hubs.li/Q02HJ_sj0

Life Insurance in Estate Planning | KROST In the event of your death, a life insurance policy ensures that your family has the financial resources to maintain their standard of living. This is the

Happy National Ice Cream Day!🍦 Indulge in your favorite scoop today to celebrate this sweet occasion! Our West LA office enjoyed a much-needed ice cream break with music and great company.

Proposition 19 made sweeping changes to property tax reassessments. Learn more about the current property tax exemptions available in California, in our recent article » https://hubs.li/Q02FXCy50

Take Advantage of The Current Property Tax Exemptions Available in California | KROST Effective February 16, 2021, Proposition 19 went into effect and made sweeping changes to property tax reassessments. Here are the current property tax

Happy Fourth of July! We wish you a safe and joyful holiday filled with family, friends, and fireworks. Our offices are closed today in observance of the holiday, we will reopen tomorrow.

The California Senate passed SB 478 to outlaw hidden fees in restaurants, but Governor Newsom signed a last-minute SB 1524 to exempt restaurants and bars from this law. The exemption allows restaurants and bars to continue charging service fees and other surcharges; learn more: https://hubs.li/Q02Fjh5_0
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Update on California Senate Bill 478: Exemption for Restaurants and Bars | KROST Following up on our article from last Thursday, there has been a major update for restaurants in the wake of California Senate Bill 478. The Bill, which

Happy Social Media Day! Today, we celebrate the power of social media to connect us all. Let's take a moment to appreciate the positive impact social media has. Thank you for all the likes, shares, and comments. Make sure to follow us on all our social media channels.

Starting July 1st, California restaurants will no longer be permitted to add service fees to bills. Learn more about Senate Bill 478, California Attorney General’s new state law banning “junk fees: https://hubs.li/Q02DCgGg0

How SB 478 is Affecting Restaurant Service Fees | KROST We wanted to bring to your attention an important development regarding Senate Bill 478, California Attorney General’s new state law banning “junk fees.”

Starting July 1st, California restaurants will no longer be permitted to add service fees to bills. Learn more about Senate Bill 478, California Attorney General’s new state law banning “junk fees: https://hubs.li/Q02DCpL90

How SB 478 is Affecting Restaurant Service Fees | KROST We wanted to bring to your attention an important development regarding Senate Bill 478, California Attorney General’s new state law banning “junk fees.”

In the recent Notice 2024-35, the IRS specified changes to Inherited IRA distribution rules. This delay in mandatory distributions could provide tax planning for beneficiaries. Learn more in our new article» https://hubs.li/Q02DgNtK0

Inherited IRAs Distributions in 2024: Understanding the RMD Suspension | KROST There are some important changes in the Inherited IRA distribution rules that may affect your tax planning. Before the SECURE Act of 2019, beneficiaries

Our Corporate, Accounting, and M&A teams enjoyed post-busy season celebrations. Our Accounting and Mergers & Acquisitions teams went to Topgolf and spent the afternoon playing golf games. Our corporate team spent the afternoon bowling at Bowlero and enjoyed trivia games.

Want to be part of the team? Check out our open job positions » https://hubs.li/Q02CW0MM0

Happy first day of summer from KROST! We look forward to helping our clients achieve their financial goals this summer. Whether you're a small business owner, an individual taxpayer, or anything in between, we're here to support you every step of the way. Let's make this summer the most financially successful one yet!

Happy Juneteenth! Today, we celebrate African American freedom. As we commemorate Juneteenth, let's continue to educate ourselves, uplift Black voices, and work towards a more equitable society.

Let’s take the time to remember and honor those who sacrificed their lives for our country. Today and together, we thank you for your service and selflessness. We wish you a meaningful Memorial Day.

Our offices are closed today in observance of the holiday.

KROST’s Assurance & Advisory Principal, Keith Hamasaki, participated in Parks California’s Will Rogers State Historic Park hike on Saturday. Parks California is a non-profit organization that helps strengthen parks and inspire people to experience these extraordinary places. Parks are a central part of California’s identity and provide world-class experiences.

At KROST, our professional team has in-depth knowledge and expertise In the not-for-profit industry. Our areas of expertise include a wide range of tax, audit, and advisory services. Learn more about our not-for-profit services » https://hubs.li/Q02xR19g0

In partnership with Zaller Law Group, we have compiled 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. Learn more about the requirements for preservation of records » https://hubs.li/Q02w_gHd0

Retention Period Requirements for Preservation of Records | KROST As featured by the California Restaurant Association as an Industry Insight. Below is a summary of the record-retention requirements for sales and use

May is Internal Audit Awareness Month! It's the perfect time to highlight the importance of audits, to protect businesses from fraud, errors, and risks. Learn more about our assurance & advisory services » https://hubs.li/Q02xl2qK0

# Assurance

The West LA and Pasadena offices had a great time celebrating Cinco de Mayo last week. Our staff celebrated the festive holiday by enjoying Mexican food, drinks, and music.

KROST has acted as the exclusive financial advisor to United Filters International in its recent sale to ENPRESS LLC. This partnership is a huge step forward for both companies and we are proud to have played a role in facilitating this deal. Learn more about the companies: https://hubs.li/Q02w_tXC0

Press Release: KROST Acts as the Exclusive Financial Advisor to United Filters International in its Sale to ENPRESS LLC. | KROST Los Angeles, May 13, 2024 - United Filters International (UFI), a recognized leader in the design and manufacture of an expansive range of liquid

KROST’s Assurance & Advisory Principal, Keith Hamasaki, attended the Asian Hall of Fame’s “Celebrate Asia Festival”. In addition to announcing its Class of 2024 Inductees, the event also raised money for the Asian Women Impact Fund. As Board of Governor, Keith presented a grant award to the Founder & Executive Director of Asian Culture & Media Alliance (ACMA), Caitlyn Choi!

Happy Mother’s Day to all mother figures out there! Thank you for being so remarkable in everything you do. You aren’t just a parent, but also a support system, a source of kindness, and a wonderful role model. You deserve nothing but the best, especially on this special day. Happy Mother’s Day today and always!

Happy National Technology Day! 👨‍💻 Our technology industry experts provide a wide range of services for providers of technology products and services, or business users of technology. If you are interested in learning what types of technology services we offer, please visit » https://hubs.li/Q02wKHMV0

Mental Health Awareness Month is recognized in May to increase awareness of the importance of mental health and wellness. To honor this important month, consider participating in a variety of events, checking in on your family and friends, supporting mental health organizations, or adapting a new self-care routine.

Previously, KROST has partnered up with NAMI San Gabriel Valley to positively impact our community and improve the quality of life for people with mental illness and their families through support, education, and advocacy. If you’d like to support the cause, our donation link is still up » https://hubs.li/Q02wCcG00

Our restaurant industry expert, Jean Hagan, will be attending the National Restaurant Association Show in Chicago, Illinois, from May 18th to 21st. Learn more about the event »
https://hubs.li/Q02wJwqt0

KROST is Attending the National Restaurant Association Show 2024 | KROST KROST's Restaurant Practice Leader, Jean Hagan, is attending the National Restaurant Association Show on May 18th - 21st. The conference will be held at