Author Archives: KROST CPAs and Consultants

KROST Acts as the Exclusive Financial Advisor to United Filters International in its Sale to ENPRESS LLC

LOS ANGELES, Calif. /ScoopCloud/ -- United Filters International (UFI), a recognized leader in the design and manufacture of an expansive range of liquid filtration solutions, was recently sold to ENPRESS LLC, a leading manufacturer of composite pressure vessels and water filtration technologies. KROST was the exclusive financial advisor, and the terms of the transaction were not disclosed.

About United Filters International

With manufacturing locations in California and Texas, United Filters International (UFI) provides filtration solutions to domestic and international customers servicing food, beverage, potable and wastewater applications as well as energy and industrial applications through its extensive network of Original Equipment Manufacturers (OEMs), and through a growing network of dealers and distributors.

ENPRESS LLC, an Eastlake, Ohio Company, is a worldwide leading manufacturer of composite pressure vessels and water filtration technologies for use in water treatment.

"Although 2023 was a down year for M&A activity, both in the US and internationally, we are seeing an uptick in transaction volumes and values in early 2024 and we expect that trend to continue," said Paren Knadjian, Principal and Head of M&A at KROST.

The KROST M&A and Capital Markets team provides a range of advisory services, including sell-side M&A, buy-side M&A, equity financing, debt financing, debt refinancing, transaction support, fund management services, business valuations, exit planning, and restructuring. Having successfully participated in over 300 M&A and Capital Markets transactions, worth over $4 billion, the team has the skillset and experience to fulfill the requirements of a wide range of M&A and Capital Market's needs.

ABOUT KROST CPAS & CONSULTANTS

Established in 1939 in Pasadena, California, KROST, is a full-service Certified Public Accounting and Consulting firm serving clients across various industries. Their focus is recognizing opportunities and creating value for clients by equipping them with the tools to make better business and financial decisions for the future. As trusted advisors, clients depend on KROST to provide timely information, innovative solutions, and result-driven teamwork to ensure success. Along with providing traditional services, such as Tax, Accounting, and Assurance & Advisory, we also provide special services, including Client Accounting Services (CAS), Mergers & Acquisitions, Wealth Management, Tax Specialty Services, KROST Business Intelligence (KBI), and KROST Fund Admin Solutions.

Contact KROST for a complimentary consultation to see how their award-winning firm can provide a unique package catered to the needs of your specific situation: https://www.krostcpas.com/contact.

Learn more about KROST's services: https://www.krostcpas.com/services

United Filters International (UFI), a recognized leader in the design and manufacture of an expansive range of liquid filtration solutions, was recently sold to ENPRESS LLC, a leading manufacturer of composite pressure vessels and water filtration technologies. KROST was the exclusive financial advisor, and the terms of the transaction were not disclosed.

Related link: https://www.krostcpas.com/

KROST Named Top 100 Firm and Regional Leader 2024 by Accounting Today

LOS ANGELES, Calif. /ScoopCloud/ -- For the fourth year in a row, Accounting Today has named KROST a Top 100 Firm. The firm ranked 82nd on the list by continuing to expand its services. In addition, KROST has once again earned the title of Regional Leader for the second year in a row, marking its third recognition in this category. From receiving these accolades to celebrating its 85th anniversary this year, KROST has reached another milestone in 2024.

"On behalf of everyone at KROST, we are deeply honored to be recognized as Accounting Today's Top 100 Firm and Regional Leader of 2024. The firm could not have achieved this without the support and diligence of our staff, who made this possible. I am greatly appreciative of the contributions and dedication of our team members. In recognition of our ongoing commitment to provide excellence, we will continue to work harder to achieve even greater success," said Jason C. Melillo, CPA, KROST CEO.

Accounting Today's Top 100 Firms and Regional Leaders lists include data analysis of leading national and local firms, as well as their chief executives' take on the major issues facing their firms and their strategies for success for the year and beyond. The awards rank the largest regional and nationwide tax and accounting firms by revenue. Previously, Accounting Today has named KROST a Top 100 Firm in 2023, 2022, and 2021, as well as a Regional Leader in 2023 and 2019. In addition, the firm has also been recognized as one of the Fastest Growing Firms in 2021 and 2018, and a Top Firm to Watch in 2017. To view the full list of KROST's awards and recognition, visit KROSTCPAs.com/awards.

Accounting Today is the leading information resource for public accountants - serving the community of professionals who provide tax preparation, bookkeeping, auditing, financial planning, and business advisory and consulting services to individuals and small businesses. Accounting Today is sharply focused on the industry's most important concerns, including tax law, accounting standards, technology, audit and assurance, and wealth management. Its analysis and breaking news, opinion and expert advice, and practical business-building ideas enable partners, principals, and practitioners to make informed decisions about their business and the clients they serve.

ABOUT KROST CPAS & CONSULTANTS:

Established in 1939 in Pasadena, California, KROST is a full-service Certified Public Accounting and Consulting firm serving individual and business clients of various sizes and industries. As trusted advisors, clients depend on KROST to provide timely information, innovative solutions, and result-driven teamwork to ensure success. KROST's mission is to simplify the complex and provide expert services that make your life easier. Along with providing traditional services, such as Tax, Accounting, and Assurance & Advisory, they also provide special services, including Client Accounting Services (CAS), Mergers & Acquisitions, Wealth Management, Tax Specialty Services, KROST Business Intelligence (KBI), and KROST Fund Admin Solutions.

Contact KROST for a complimentary consultation to see how their award-winning firm can provide a unique package catered to the needs of your specific situation.

Learn more about KROST's services: https://www.krostcpas.com/services

For the fourth year in a row, Accounting Today has named KROST a Top 100 Firm. The firm ranked 82nd on the list by continuing to expand its services. In addition, KROST has once again earned the title of Regional Leader for the second year in a row, marking its third recognition in this category. From receiving these accolades to celebrating its 85th anniversary this year, KROST has reached another milestone in 2024.

Related link: https://www.krostcpas.com/

KROST Is Ranked Among CalCPA’s Top 150 Firms

PASADENA, Calif. /ScoopCloud/ -- KROST CPAs and Consultants has been named one of the Top 150 Firms for 2023-2024 by CalCPA. This award recognizes the firm, with 100% membership. The company is ranked 33rd on the list. The recognition reflects KROST's dedication to professional development and the CalCPA organization. KROST is committed to providing clients with exceptional service and innovative solutions to meet their needs. This award is a testament to unwavering commitment to quality.

"I am thrilled to see KROST being recognized for their hard work and dedication with this prestigious award. Our staff members are actively involved with CalCPA and constantly attending events and webinars that they offer. Being a part of the CalCPA organization offers great opportunities in our profession," said Keith Hamasaki, CPA, KROST Principal & Trustee of the CalCPA Education Foundation.

California Society of Certified Public Accountants (CalCPA) was founded in 1909 and is headquartered in Burlingame, California. It is the nation's largest state accounting organization and serves over 45,000 members statewide in public practice, private industry, education, government, and more. CalCPA, with 14 chapters located throughout the state, is committed to the education and betterment of our members and the profession.

Learn more about KROST's services - https://www.krostcpas.com/services

About KROST:

Established in 1939 in Pasadena, California, KROST is a full-service Certified Public Accounting and Consulting firm serving clients across various industries. Their focus is on recognizing opportunities and creating value for clients by equipping them with the tools to make better business and financial decisions for the future. As trusted advisors, clients depend on KROST to provide timely information, innovative solutions, and result-driven teamwork to ensure success.

Along with providing traditional services, such as Tax, Accounting, and Assurance & Advisory, KROST also provides special services, including Client Accounting Services (CAS), Mergers & Acquisitions, Wealth Management, Tax Specialty Services, and KROST Business Intelligence (KBI).

RELATED LINKS:
https://www.calcpa.org/

KROST CPAs and Consultants has been named one of the Top 150 Firms for 2023-2024 by CalCPA. This award recognizes the firm, with 100% membership. The company is ranked 33rd on the list. The recognition reflects KROST's dedication to professional development and the CalCPA organization.

Related link: https://www.krostcpas.com/

INSIDE Public Accounting Ranks KROST Among Top 100 Firms in the US in 2023

PASADENA, Calif. /ScoopCloud/ -- INSIDE Public Accounting (IPA) has named KROST CPAs & Consultants Top 100 Firm in 2023. The firm ranked 73rd on the prestigious Top 100 list. KROST along with other recipients of these distinguished awards are highlighted in IPA's monthly newsletter. KROST has been named Top 100 firm for the third year in a row.

"We couldn't be prouder to be recognized by our industry once again. It's a true testament to the hard work and dedication of our incredible team who made this recognition possible. Receiving this award reinforces our commitment to providing quality services to our valued clients," said Jason Melillo, CEO

INSIDE Public Accounting (IPA) is a leader in practice management resources for the public accounting profession that include: the monthly practice management newsletter, the annual national practice management benchmarking reports and corresponding reports and training. IPA has assisted firms across North America grow and thrive since 1987. The one-of-a-kind IPA 500, recognizing the top U.S.-based accounting firms, is the most comprehensive list of North American public accounting firms available.

IPA annually ranks the largest public accounting firms in the U.S. based on participating firm's net revenues - from the multi-billion-dollar U.S.-based Big 4 to the $3.8 million firm. Ranking data is captured through IPA's annual practice management survey and analysis of firms. IPA is the survey leader in data collection for the profession, with more of the largest 600 firms participating than any other survey today and a 92% return rate of participating firms.

Learn more about our services - https://www.krostcpas.com/services

View INSIDE Public Accounting's 2023 Top 100 Rankings - https://insidepublicaccounting.com/top-firms/ipa-500/

For more information about KROST's awards and recognition, visit KROSTCPAs.com/awards

ABOUT KROST CPAS & CONSULTANTS:

KROST is a full-service Certified Public Accounting and Consulting firm headquartered in Pasadena, California. As trusted advisors and industry leaders, clients depend on KROST for timely information, innovative solutions, and results-driven teamwork in the areas of accounting, assurance, business management, consulting, tax, mergers and acquisitions, and wealth management. Our professionals have expertise in a variety of industries. We proudly serve the restaurant, hospitality, manufacturing, real estate, technology, sports & entertainment, financial services, not-for-profits, and grocery industries. We also provide thought leadership on tax laws and the rapidly changing market.

Learn more: https://www.krostcpas.com/

INSIDE Public Accounting (IPA) has named KROST CPAs & Consultants Top 100 Firm in 2023. The firm ranked 73rd on the prestigious Top 100 list. KROST along with other recipients of these distinguished awards are highlighted in IPA's monthly newsletter. KROST has been named Top 100 firm for the third year in a row.

Related link: https://www.krostcpas.com/

Celebrating Growth and Expertise: Matthew Weber Promoted to Principal at KROST

LOS ANGELES, Calif. /ScoopCloud/ -- KROST, a leading CPA and consulting firm, is thrilled to announce the promotion of Matthew Weber to the esteemed position of Principal. Matthew's dedication, experience, and exceptional contributions have led to this well-deserved advancement within the organization.

Matthew Weber, who joined KROST's tax practice in July 2015, brings with him over a decade of experience in public accounting, having embarked on his career journey in 2010. His passion for intricate tax matters, strategic financial planning, and client-centered solutions has propelled him to the forefront of the industry. Prior to his current role, Matt served as a Tax Manager at a Big 4 firm in Los Angeles, showcasing his commitment to excellence.

As a Tax Director at KROST, Matt has consistently demonstrated a deep understanding of federal and multi-state tax compliance and consulting for individuals, corporations, and partnerships. His expertise spans across a wide range of industries, including financial services, real estate, entertainment, restaurants, technology, and manufacturing. Matt's insights have played an instrumental role in simplifying complex financial challenges for clients.

CEO, Jason Melillo expressed his excitement about Matt's promotion, stating, "Matt Weber's journey and achievements at KROST exemplify our dedication to providing unparalleled expertise to our clients. As he assumes the role of Principal, we are excited to see him further elevate our services and contribute to the success of our clients."

As Principal, Matt will continue to lead the charge in delivering top-tier client-centered solutions, fostering innovation, and contributing to the continued growth of KROST.

Learn more about Matthew Weber " https://www.krostcpas.com/management/matthew-weber

Learn more about our Tax Services " https://www.krostcpas.com/services/tax-services

For more information or any questions regarding our services, please contact us at: https://www.krostcpas.com/contact

About KROST:

Established in 1939 in Pasadena, California, KROST is a full-service Certified Public Accounting and Consulting firm serving individual and business clients of various sizes and industries. With a team of experienced professionals, KROST is committed to delivering innovative solutions that drive growth and success. Smaller-scale businesses can receive resources that are otherwise not accessible to them through talented professionals who have experience working with multimillion-dollar corporations and individuals.

KROST, a leading CPA and consulting firm, is thrilled to announce the promotion of Matthew Weber to the esteemed position of Principal. Matthew's dedication, experience, and exceptional contributions have led to this well-deserved advancement within the organization.

Related link: https://www.krostcpas.com/

Accounting Today Names KROST Top 100 Firm and Regional Leader 2023

LOS ANGELES, Calif. /ScoopCloud/ -- KROST has been recognized as a Top 100 Firm by Accounting Today for the third year in a row. The firm ranked 72nd with a 16.60% change in revenue from the previous year. In addition, KROST has also been named a Regional Leader of 2023. The firm recently launched a new service, KROST Fund Admin Solutions, to further assist and add value for their clients.

"We at KROST are once again honored to be recognized as a Top 100 Firm and a Regional Leader for 2023 by Accounting Today. It is through the hard work and dedication of our team that we have been able to consistently achieve this type of success. I am truly grateful to all of our team members who are so committed to excellent service and our mission, simplifying the complex," said Jason Melillo, CPA, CEO

Accounting Today's Top 100 Firms and Regional Leaders are the annual rankings of leading national and local firms, as well as their chief executives' take on the major issues facing their firms, and their strategies for success for the year and beyond. The awards recognize the largest tax and accounting firms by revenue, both regional and nationwide. Previously, Accounting Today has named KROST a Top 100 Firm in 2022 and 2021, Fastest Growing Firm in 2021 and 2018, a Top Regional Leader in 2019, and a Top Firm to Watch in 2017. To view the full list of KROST's awards and recognition, please visit KROSTCPAs.com/awards.

Accounting Today is the leading information resource for public accountants - serving the community of professionals who provide tax preparation, bookkeeping, auditing, financial planning, and business advisory and consulting services to individuals and small businesses. Accounting Today is sharply focused on the industry's most important concerns, including tax law, accounting standards, technology, audit and assurance, and wealth management. Its analysis and breaking news, opinion and expert advice, and practical business-building ideas enable partners, principals and practitioners to make informed decisions about their business and the clients they serve.

ABOUT KROST CPAS & CONSULTANTS:

Established in 1939 in Pasadena, California, KROST is a full-service Certified Public Accounting and Consulting firm serving clients across various industries. Our focus is on recognizing opportunities and creating value for clients by equipping them with the tools to make better business and financial decisions for the future. As trusted advisors, clients depend on KROST to provide timely information, innovative solutions, and result-driven teamwork to ensure success. Along with providing traditional services, such as Tax, Accounting, and Assurance & Advisory, KROST also provides special services, including Client Accounting Services (CAS), Mergers & Acquisitions, Wealth Management, Tax Specialty Services, KROST Business Intelligence (KBI), and KROST Fund Admin Solutions.

Contact us for a complimentary consultation to see how our experts can customize a package dedicated to your needs: https://www.krostcpas.com/contact.

Learn more about KROST's services: https://www.krostcpas.com/services.

KROST has been recognized as a Top 100 Firm by Accounting Today for the third year in a row. The firm ranked 72nd with a 16.60% change in revenue from the previous year. In addition, KROST has also been named a Regional Leader of 2023. The firm recently launched a new service, KROST Fund Admin Solutions, to further assist and add value for their clients.

Related link: https://www.krostcpas.com/

KROST Welcomes Grant Miller as Principal of Tax

LOS ANGELES, Calif. /ScoopCloud/ -- Los Angeles-based CPA firm, KROST CPAs & Consultants, welcomes Grant K. Miller, CPA, EA, as Principal of Tax. To begin his new role as Tax Principal, Grant will be based in our Woodland Hills office and he will provide direction and leadership to further the success of our tax department. He will also work closely with clients to manage their expectations for deliverables, services, and budgets.

"On behalf of the entire firm, I am excited to welcome Grant to our team. His experience and technical expertise complement and provide added depth to an already deep and talented team. We are looking forward to the wonderful things we can accomplish together!" said Lou Guerrero, CPA, MBT, Tax Practice Leader.

Grant brings a wealth of experience and knowledge to the firm, having worked in the public accounting profession for 27 years. He has a proven track record of providing exceptional service to clients and is well-versed in all areas of taxation, as well as compliance for high-net-worth individuals, partnerships, S Corporations, and C Corporations. Grant's areas of expertise include Manufacturing & Distribution, Entertainment, Technology, Estate & Trust, Real Estate, and Not-for-Profit industries.

Learn more about Grant: https://krostcpas.com/management/grant-miller

Learn more about our Tax Services: https://krostcpas.com/services/tax-services

For more information or any questions regarding our services, please contact us.

About KROST:

Established in 1939 in Pasadena, California, KROST, is a full-service Certified Public Accounting and Consulting firm serving clients across various industries. Their focus is on recognizing opportunities and creating value for clients by equipping them with the tools to make better business and financial decisions for the future. As trusted advisors, clients depend on KROST to provide timely information, innovative solutions, and result-driven teamwork to ensure success.

Along with providing traditional services, such as Tax, Accounting, Assurance & Advisory, KROST also provides special services, including Client Accounting Services (CAS), Mergers & Acquisitions, Wealth Management, Tax Specialty Services, and KROST Business Intelligence (KBI).

Learn more: https://krostcpas.com/

Los Angeles-based CPA firm, KROST CPAs & Consultants, welcomes Grant K. Miller, CPA, EA, as Principal of Tax. To begin his new role as Tax Principal, Grant will be based in our Woodland Hills office and he will provide direction and leadership to further the success of our tax department. He will also work closely with clients to manage their expectations for deliverables, services, and budgets.

Related link: https://www.krostcpas.com/

KROST Acts as Exclusive Financial Advisor for American Range in Sale to Hatco

LOS ANGELES, Calif. /ScoopCloud/ -- American Range, a privately held manufacturer of commercial and residential cooking appliances, was sold to Hatco, an employee-owned manufacturer of warming, cooking, sanitizing, and cooling equipment. KROST CPAs & Consultants acted as the exclusive financial advisor to American Range in its transaction to Hatco Corporation.

American Range was founded over 40 years ago by Shane Demirjian and has become a national brand known for engineering innovation, design quality, and excellent customer service in commercial and residential cooking appliances. The company has manufacturing locations in Pacoima, California, and Las Vegas, Nevada.

Hatco Corporation, a 100% employee-owned (ESOP) company has corporate offices in Milwaukee, and a state-of-the-art manufacturing facility in Sturgeon Bay, Wisconsin. The acquisition of American Range is part of Hatco's goal to broaden product offerings and expand opportunities to service customers in the food service industry.

American Range has been a client of KROST for five years. During this time, KROST provided Tax, Accounting, Consulting, R&D Tax Credit, Cost Segregation, and now Mergers & Acquisitions services. KROST's service model is designed to guide and support businesses throughout their lifecycle - from early-stage growth and development to succession and exit planning.

"When I was considering the potential sale of my business, I turned to KROST. They performed the full range of M&A services for me - from finding buyers, running a competitive bidding process, hosting management presentations, negotiating deal terms, running due diligence, and working with the legal team through the close of the transaction. They were a vital part of this transaction, and I relied on them enormously," said Shane Demirjian, Founder of American Range.

"We have been advising American Range, its owners, and its management team for over five years, so when they were considering a sale, they turned to us to run the full sell-side process for them. Because of our knowledge of their business and market, we were able to understand what was needed to get a comprehensive job done on a timely basis," said Paren Knadjian, M&A and Capital Markets Principal.

The M&A practice at KROST is led by industry veteran, Paren Knadjian, who recently became a Principal at the firm. The M&A team has been involved in over 300 transactions, consisting of outright sales of businesses, corporate divestitures, recapitalizations, acquisitions, and equity and debt financings worth over $2 billion in transaction value. The practice also offers transactional support services, including buy-side and sell-side quality of earnings reports, valuations, and due diligence services.

Contact KROST for more information about KROST's Mergers & Acquisitions and Capital Markets services at: https://www.krostcpas.com/ma-contact.

Learn more about KROST's services at: https://www.krostcpas.com/services.

About KROST CPAs & Consultants:

Established in 1939 in Pasadena, California, KROST, is a full-service Certified Public Accounting and Consulting firm serving clients across various industries. Their focus is on recognizing opportunities and creating value for clients by equipping them with the tools to make better business and financial decisions for the future. As trusted advisors, clients depend on KROST to provide timely information, innovative solutions, and result-driven teamwork to ensure success. Along with providing traditional services, such as Tax, Accounting, and Assurance & Advisory, KROST also provides special services, including Client Accounting Services (CAS), Mergers & Acquisitions, Wealth Management, Tax Specialty Services, and KROST Business Intelligence (KBI).

American Range, a privately held manufacturer of commercial and residential cooking appliances, was sold to Hatco, an employee-owned manufacturer of warming, cooking, sanitizing, and cooling equipment. KROST CPAs & Consultants acted as the exclusive financial advisor to American Range in its transaction to Hatco Corporation.

Related link: https://www.krostcpas.com/

INSIDE Public Accounting Names KROST Best of the Best Firm and Top 100 Firm

PASADENA, Calif. /ScoopCloud/ -- KROST CPAs & Consultants was recognized as the Best of the Best Firm and Top 100 Firm by INSIDE Public Accounting in 2022. Based on revenue, KROST was ranked 75th among the largest firms in the country, out of nearly 600 firms. With a net revenue of greater than $65 million, KROST was able to rise from the firm's previous ranking of 81st in 2021's IPA Survey and Analysis of Firms.

Previously, KROST placed 116th in 2020, a substantial leap from 157th in 2016 when the firm first made the rankings. KROST has been named Best of the Best Firm among the most prestigious firms, for the seventh year in a row and Top 100 firm for the second year in a row. In addition to being a Top 100 and Best of the Best Firm, KROST received other recognitions from IPA, including Fastest-Growing Firm, Top 200 Firm, and more. For more information about KROST's awards and recognition, please visit https://www.krostcpas.com/awards.

"This year has truly been incredible. We are honored to receive these awards. As our firm continues to grow, we are excited to see new changes and growth in the upcoming future. I would like to thank our staff and their commitment to the firm, as well as our amazing partnerships with our clients. Without them, none of this would have been possible and we are truly grateful for all their hard work and dedication. KROST highly values teamwork and collaboration as we strive to help each team member grow both personally and professionally. We aim to continue providing outstanding client services and cater to our niche industries, as well as launching new and innovative services," said Jason Melillo, CEO of KROST.

INSIDE Public Accounting (IPA) is a leader in practice management resources for the public accounting profession that include: the monthly practice management newsletter, the annual national practice management benchmarking reports and corresponding reports and training. IPA has assisted firms across North America grow and thrive since 1987. The one-of-a-kind IPA 500, recognizing the top U.S.-based accounting firms, is the most comprehensive list of North American public accounting firms available. IPA annually ranks the largest public accounting firms in the U.S. based on participating firm's net revenues - from the multi-billion-dollar U.S.-based Big 4 to the $3.8 million firm. Ranking data is captured through IPA's annual practice management survey and analysis of firms. IPA is the survey leader in data collection for the profession, with more of the largest 600 firms participating than any other survey today and a 92% return rate of participating firms.

* Learn more about KROST's services https://www.krostcpas.com/services

* View INSIDE Public Accounting's 2022 Top 100 Rankings https://insidepublicaccounting.com/top-firms/ipa-500/

* View INSIDE Public Accounting's Best of the Best Rankings https://insidepublicaccounting.com/top-firms/best-of-the-best/

About KROST CPAs & Consultants

Established in 1939 in Pasadena, California, KROST, is a full-service Certified Public Accounting and Consulting firm serving clients across various industries. Their focus is on recognizing opportunities and creating value for clients by equipping them with the tools to make better business and financial decisions for the future. As trusted advisors, clients depend on KROST to provide timely information, innovative solutions, and result-driven teamwork to ensure success. Along with providing traditional services, such as Tax, Accounting, and Assurance & Advisory, KROST also provides special services, including Client Accounting Services (CAS), Mergers & Acquisitions, Wealth Management, Tax Specialty Services, and KROST Business Intelligence (KBI).

Client Accounting Services (CAS) is a new addition to the many services that KROST offers. CAS can be a cost-effective way to have high-level financial reporting without having to hire a team of Certified Public Accountants and accounting professionals. CAS will allow you to focus on business growth, while your CAS team provides the financial data you need. KROST provides analysis and details regarding the management of cash and reporting to help you manage your business at a glance.

KROST Business Intelligence (KBI) is a newly-launched service that takes complex financial information and turns it into actionable change to improve the bottom line. KBI is a cloud-based data solutions platform that can translate unstructured, impossible-to-read data into structured, real-time insights. This information can be leveraged to improve realization, staff utilization, project turnaround, and more. Each dashboard is curated with your unique goals in mind and can be customized to fit your needs.

KROST CPAs & Consultants was recognized as the Best of the Best Firm and Top 100 Firm by INSIDE Public Accounting in 2022. Based on revenue, KROST was ranked 75th among the largest firms in the country, out of nearly 600 firms. With a net revenue of greater than $65 million, KROST was able to rise from the firm's previous ranking of 81st in 2021's IPA Survey and Analysis of Firms.

Related link: https://www.krostcpas.com/

Matthew Weber and Jonathan Louie Appointed to KROST’s Principal in Development Program

Matthew Weber and Jonathan Louie Appointed to KROST's Principal in Development ProgramLOS ANGELES, Calif. /ScoopCloud/ -- Los Angeles-based CPA firm, KROST CPAs & Consultants, appoints Matthew Weber, CPA, MAcc, and Jonathan Louie, CPA, MST, to join KROST's Principal in Development (PID) program.

In the PID program, Matthew and Jonathan will join leadership trainings to prepare for the partner path, as well as attend partner meetings to gain insight into the role. They will set individual goals that they will work on to achieve over the course of the next year or two. During this time, Matthew and Jonathan will refine their skills and develop their knowledge in their field of expertise.

Matthew has been with KROST since July 2015 and based in our Woodland Hills office. Matthew's areas of expertise include federal and multi-state tax compliance and consulting for individuals, corporations, and partnerships. He is the leader of the firm's financial services team and serves a variety of clients, including hedge funds, private equity, venture capitalists, money managers, and traders. He also produces articles on the financial services sector with topics that range from IRS updates to complex tax strategies.

"Matt is a natural leader. As the Chair of KROST's financial services industry niche, Matt focuses on management companies and their investment vehicles to address issues and opportunities specific to the industry. Because of his dedication to his field of work, Matt has contributed greatly to the growth of our firm," said Lou Guerrero, Principal.

Jonathan is the leader of KROST's real estate industry group and has been with the firm since 2014. He is based at our headquarters location in Pasadena, CA and is an expert in dealing with the complexities of 1031 exchanges and cost segregation and has written articles, spoken at real estate conferences, and given webinars on the subject matter. Jonathan specializes in providing federal and multi-state tax compliance and consulting services to high-net-worth real estate brokers, developers, property managers, attorneys, investors, syndicators, and their partnerships and corporations. He also has expertise in and services clients in the restaurant, medical, and entertainment industries. With over 15 years of experience in public accounting, Jon has made great strides in our firm and really put his expertise out there within the tax industry.

"Jon has always been actively involved within our firm and community. Not only is he a team player in the tax department, but he is also a core member of our Real Estate Industry Group. I'm proud to have Jon as an integral part of the team. I want to congratulate Jon on his outstanding contribution to his department and the firm," said Jason Melillo, CEO of KROST.

We are happy that they are taking part in the PID program and can't wait to see them grow even more. We are excited for their future achievements and would love to see what more they can bring to the firm.

Learn more about our Financial Services " https://www.krostcpas.com/industries/financial-services-sector

Learn more about our Tax Services " https://www.krostcpas.com/services/tax-services

For more information, please contact us: https://www.krostcpas.com/contact

About KROST

Established in 1939 in Pasadena, California, KROST, is a full-service Certified Public Accounting and Consulting firm serving clients across various industries. Their focus is on recognizing opportunities and creating value for clients by equipping them with the tools to make better business and financial decisions for the future. As trusted advisors, clients depend on KROST to provide timely information, innovative solutions, and result-driven teamwork to ensure success. Along with providing traditional services, such as Tax, Accounting, Assurance & Advisory, KROST also provides special services, including Client Accounting Services (CAS), Mergers & Acquisitions, Wealth Management, Tax Specialty Services, and KROST Business Intelligence (KBI). For more information about KROST, please visit our website.

Los Angeles-based CPA firm, KROST CPAs & Consultants, appoints Matthew Weber, CPA, MAcc, and Jonathan Louie, CPA, MST, to join KROST's Principal in Development (PID) program.

Related link: https://www.krostcpas.com/

KROST Announces Paren Knadjian as Principal of M&A and Capital Markets and Brad Pauley as Principal of Tax

LOS ANGELES, Calif. /ScoopCloud/ -- 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. Knadjian has successfully completed over 200 M&A and Capital Markets transactions worth over $1 billion.

Having been at the firm since 2017, Paren's work has made a great impact on the firm. He has over 20 years of experience in mergers and acquisitions along with equity and debt financings. Paren and his team at KROST have assisted over 350 entities in procuring, managing, and obtaining forgiveness for more than half a billion dollars of PPP, EIDL, and Main Street Loans. He also acts as an outsourced CFO. Paren's talent at understanding client needs and his industry resulted in rapid professional growth at our firm.

"Paren has been instrumental at KROST, especially in developing the M&A practice at KROST into one of the most successful and respected in the industry. In addition, as the leader of the firm's technology industry niche, he has leveraged that expertise to help to make a significant impact in the growth of KROST clients. He is a talented speaker and frequently shares his knowledge through educational webinars relating to mergers and acquisitions and other aspects of capital markets," said Jason Melillo, CEO of KROST.

Brad Pauley has been with KROST since 2019 after merging in from Gaynor & Umanoff. He brings over 20 years of experience providing tax advice, projections, and compliance services to clients. His areas of expertise include high-net-worth individuals and their closely held businesses in the sports and entertainment space. Working with clients such as athletes, entertainers, professionals, and owners/operators of real estate including like-kind exchanges. Brad has been a tremendous contributor to the firm and helps his clients maintain their financial success.

"Brad spearheaded the sports and entertainment industry, working with current and former MLB, NBA, and NFL players. He handles everything from tax planning and preparation to multi-state/residence issues and has extensive real estate industry experience. Brad is truly a visionary in his industry. His attention to detail is immaculate and he is committed to providing the best client service," said Richard Umanoff, Principal.

Learn more about our new services " https://www.krostcpas.com/services

For more information about KROST, please visit https://www.krostcpas.com/

About KROST:

Established in 1939 in Pasadena, California, KROST, is a full-service Certified Public Accounting and Consulting firm serving clients across various industries. Their focus is recognizing opportunities and creating value for clients by equipping them with the tools to make better business and financial decisions for the future. As trusted advisors, clients depend on KROST to provide timely information, innovative solutions, and result-driven teamwork to ensure success.

Along with providing traditional services as Tax, Accounting, Assurance & Advisory, KROST provides special services including Client Accounting, Mergers & Acquisitions, Wealth Management, Tax Specialty Services and KROST Business Intelligence/Data Analytics.

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. Knadjian has successfully completed over 200 M&A and Capital Markets transactions worth over $1 billion.

Related link: https://www.krostcpas.com/

KROST Named 2022 Top 100 Firms by Accounting Today

PASADENA, Calif. /ScoopCloud/ -- KROST was recognized as a Top 100 Firm by Accounting Today. The firm ranked 76th with a 18.08% change in revenue from last year. KROST has now been ranked in this prestigious list two years in a row. With new services on the horizon, KROST continues to develop ways to add value for their clients. Their new services include, KROST Business Intelligence Solutions (Data Analytics), Environmental, Social, and Governance (ESG) Reporting, and Consulting, and Client Accounting Services (CAS).

"It's an honor to be ranked once again by Accounting Today and to be among the 12 other PrimeGlobal firms on the list. We are fortunate to have a dedicated team that contributes to our continued growth and success," said Jason Melillo, CEO, KROST.

"PrimeGlobal is delighted that 13 North American member firms are included in Accounting Today's Top 100 Firm List 2022. With more entries than any other global association, PrimeGlobal continues to top the table for the network or association with the most members in the Top 100." - PrimeGlobal.

Accounting Today's Top 100 Firms and Regional Leaders is an annual ranking that recognizes the largest tax and accounting firms by revenue, both nationwide and in specific regions. KROST is recognized as a regional leader in the west, which has the highest average growth rate of all the regions.

Learn more about KROST's services: https://www.krostcpas.com/services

For more information about KROST's awards and recognition, visit: https://www.krostcpas.com/awards

ABOUT KROST CPAS & CONSULTANTS:

KROST is a full-service Certified Public Accounting and Consulting firm headquartered in Pasadena, California. As trusted advisors and industry leaders, clients depend on KROST for timely information, innovative solutions, and results-driven teamwork in the areas of accounting, assurance, business management, consulting, tax, mergers & acquisitions, and wealth management.

KROST was recognized as a Top 100 Firm by Accounting Today. The firm ranked 76th with a 18.08% change in revenue from last year. KROST has now been ranked in this prestigious list two years in a row. With new services on the horizon, KROST continues to develop ways to add value for their clients.

Related link: https://www.krostcpas.com/

KROST Recognized by Los Angeles Business Journal as among Top Accounting Firms for 2022

PASADENA, Calif. /ScoopCloud/ -- KROST was recognized as one of Los Angeles Business Journals' Top 100 Accounting Firms in Los Angeles County, with 78% growth in revenue between 2020 and 2019, the firm is ranked 22nd on the list. KROST received this recognition during the Los Angeles Business Journal's Disruptor Awards virtual event.

"Our firm is honored to be recognized by the Los Angeles Business Journal yet again. We owe our success to our passionate, talented, and hardworking team members. We hope to continue our growth and success in the coming years," said Jason Melillo, CEO, KROST.

Each year, the Los Angeles Business Journal publishes the annual Book of Lists. The lists are comprised of companies across several industries and include details like size, revenue, top executives, and more. LABJ editorial and research teams provide in-depth analyses of the community's dynamic business and economic scene.

Learn more about KROST's services: https://www.krostcpas.com/services

For more information about KROST's awards and recognition, visit https://www.krostcpas.com/awards

ABOUT KROST CPAS & CONSULTANTS:

KROST is a full-service Certified Public Accounting and Consulting firm headquartered in Pasadena, California. As trusted advisors and industry leaders, clients depend on KROST for timely information, innovative solutions, and results-driven teamwork in the areas of accounting, assurance, business management, consulting, tax, mergers & acquisitions, and wealth management

KROST was recognized as one of Los Angeles Business Journals' Top 100 Accounting Firms in Los Angeles County, with 78% growth in revenue between 2020 and 2019, the firm is ranked 22nd on the list. KROST received this recognition during the Los Angeles Business Journal's Disruptor Awards virtual event.

Related link: https://www.krostcpas.com/

KROST CPAs & Consultants Announces Greg Kniss as Chairman of the Board, Jason Melillo as CEO and Keith Hamasaki as Principal of Assurance and Advisory

LOS ANGELES, Calif. /ScoopCloud/ -- Los Angeles-based CPA Firm, KROST CPAs and Consultants announced that Greg Kniss has been appointed to Chairman of the Board, Jason Melillo promoted as the new CEO, and Keith Hamasaki to Principal of Assurance & Advisory services.

Greg Kniss has been actively involved with the firm's business consulting and tax practice for nearly 40 years and has grown the firm from just a few members to now over 270 members. Through his leadership and guidance, the firm has been awarded Best of the Best and Top 100 firm for the last five consecutive years. KROST is proud to appoint Greg from Managing Principal to Chairman of the Board.

"We are grateful for Greg's leadership, and I hope to follow his footsteps to continue to grow firm with the same entrepreneurial spirit and progressive culture," said Jason Melillo, CEO of KROST.

Stepping in as the new CEO, Jason Melillo brings a tremendous amount of institutional knowledge with over 25 years at the KROST. As the previous Principal of the Accounting, and Advisory & Assurances Services team, his areas of expertise include foodservice, manufacturing, real estate, retail, as well as technology and professional services industries. Jason is a recognized as an industry speaker and has been a lecturer to large organizations such as the California Society of CPAs, the American Institute of CPAs, and organizations such as the California Restaurant Association.

"I am very excited for Jason to start his journey as the new CEO of KROST. His dedication to the firm gives me no doubt that he will take KROST to next level," said Greg Kniss, Chairman of the Board.

Following suit, Keith Hamasaki has been promoted to Principal of the firm's Assurance and Advisory practice. With over a decade of consulting experience, Keith specializes in audit and business advisory services to emerging and middle market companies. As an active member of the community, Keith has been a recurring Selection Committee Member for the Los Angeles Business Journal's CFO of the Year Awards and is on the Professional Advisory Board for Accounting Curriculum at Pasadena City College and Glendale Community College.

"I'm most proud of Keith's contribution to the profession. He has been instrumental in leading the A&A practice and has taken an active role in our campus recruiting and mentorship program to ensure a diverse and inclusive firm culture," said Jason Melillo, CEO.

About KROST

Established in 1939 in Pasadena, California, KROST, is a full-service Certified Public Accounting and Consulting firm serving clients across various industries. Their focus is recognizing opportunities and creating value for clients by equipping them with the tools to make better business and financial decisions for the future. As trusted advisors, clients depend on KROST to provide timely information, innovative solutions, and result-driven teamwork to ensure success. Along with provide traditional services as Tax, Accounting, Assurance & Advisory, KROST provides special services including Client Accounting, Mergers & Acquisitions, Wealth Management, Tax Specialty Services and KROST Business Intelligence/Data Analytics.

Learn more at: https://www.krostcpas.com/.

Los Angeles-based CPA Firm, KROST CPAs and Consultants announced that Greg Kniss has been appointed to Chairman of the Board, Jason Melillo promoted as the new CEO, and Keith Hamasaki to Principal of Assurance & Advisory services.

Related link: https://www.krostcpas.com/

KROST Posts Record Year of M&A Advisory in 2021, Expects Trend to Continue in 2022

LOS ANGELES, Calif. /ScoopCloud/ -- KROST CPAs and Consultants reported a record year of M&A advisory work in 2021 and expects to remain equally busy in 2022. "We were involved in 21 buy-side and sell-side transactions in 2021," said Paren Knadjian, Head of M&A and Capital Markets at KROST.

"Most of the time as the exclusive financial advisor. We have also delivered a record number of due diligence reports, including Quality of Earnings reports, which we produce with our colleagues in the Audit department," Knadjian added.

KROST provides M&A expertise in valuation, deal negotiation, structuring, and financing, plus advice on the tax, accounting, and wealth management consequences of a transaction. "We provide both buy-side and sell-side advisory, and because we have experience in over 300 transactions, we know what current market acceptability is, and what is outside the scope of a transaction, depending on its size, industry, and structure. Outside of legal work, we can advise on virtually all aspects of an M&A transaction."

KROST led multiple $100+ million deals and worked in 6 different industries in 2021. Along with experts in Tax, Accounting and A&A practice areas, KROST has specialists in multiple industries including Healthcare, Manufacturing, Technology, Financial Services, and Entertainment. "We bring vertical as well as horizontal expertise," said Knadjian.

One of the transactions we worked on was the sale of Global Oncology to The Oncology Institute (NASDAQ: TOI). "The team at KROST were critical in our ability to navigate and complete this transaction," said Dr. Yang, the owner, and Chief Medical Officer of Global Oncology, "their experience and knowledge, on M&A matters, was vital throughout the process."

KROST was also the exclusive financial advisor in the sale of Integrity Bio to Curia. "We would like to thank the KROST team -they were invaluable in this transaction, and we relied on them enormously," said Michael Reilly, CEO of Integrity Bio.

"We expect to be as busy, if not busier, on M&A activities in 2022 as the dry-powder availability of Private Equity money, the accessibility and low cost of debt, for leveraged buy-outs, and the retirement/succession plans of the Baby Boomer generation, continue to be driving forces in deal-making in the current environment," said Jason Melillo, CEO of KROST.

ABOUT KROST CPAS & CONSULTANTS

Established in 1939 in Pasadena, California, 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, corporate tax incentives, and wealth management.

For more information about KROST, please visit https://krostcpas.com/.

KROST CPAs and Consultants reported a record year of M&A advisory work in 2021 and expects to remain equally busy in 2022. "We were involved in 21 buy-side and sell-side transactions in 2021," said Paren Knadjian, Head of M&A and Capital Markets at KROST.

Related link: https://www.krostcpas.com/

KROST Acts as Exclusive Financial Advisor for Integrity Bio in Sale to Curia

LOS ANGELES, Calif. /ScoopCloud/ -- Integrity Bio, Inc., a privately held formulation and fill-finish organization headquartered in Camarillo, California, was sold to Curia (formerly Albany Molecular Research, Inc. (AMRI)), a Contract Development and Manufacturing Organization (CDMO) and leading global provider of advanced contract research, development, and manufacturing solutions. KROST, a Los Angeles-based firm, acted as the exclusive financial advisor to Integrity Bio in the transaction.

Integrity Bio is known in the biopharmaceutical industry as an expert in hard-to-formulate biologics and fill-finish of unique therapies for phase I and phase II clinical trials. Integrity Bio formulates more than 60 large molecules in a typical year, including proteins, antibodies, lipid nanoparticles, peptides, and vaccines in liquid and lyophilized form. Curia currently provides customers with integrated solutions from formulation development through fill-finish commercial manufacturing across three facilities. The acquisition adds West Coast operations to Curia's East Coast and overseas capabilities.

Integrity Bio has been a client of KROST for ten years, during which time KROST provided Tax, Accounting, Consulting, R&D Tax Credit, Cost Segregation, and now, Mergers and Acquisitions services. KROST's service model is designed to guide and support businesses throughout their lifecycle, from early-stage start-ups to succession and exit planning.

KROST's M&A practice is led by industry veteran, Paren Knadjian, who joined the firm in 2017. Knadjian has nearly 25 years of experience in mergers and acquisitions, equity and debt financing. He has closed over $1.5 billion in transaction value throughout his career. As the leader of the firm's technology industry niche, Paren also assists companies in the business of technology and life sciences innovation.

"We have been advising Integrity Bio, its owners and management team for over 10 years. So when they were considering a sale, they turned to us to help them with deal value, deal structure, due diligence, accounting and tax matters, and transactional support. This acquisition comes at a meaningful time for the country. The work that Integrity Bio is doing, and will continue to do as part of Curia, will contribute to life-changing cures for health issues, much like we experienced in the last year and a half. This acquisition is not just a transaction; it has a huge impact on people's lives across the globe. I am thrilled we were able to assist Integrity Bio with this transition into their next chapter and look forward to seeing what Curia will do with their added capabilities," remarked Paren Knadjian.

"We would like to thank the KROST team - they were invaluable in this transaction, and we relied on them enormously," said Michael Reilly, CEO of Integrity Bio. "As part of Curia, we can now offer our customers not only world-class formulation and fill-finish but also world-class commercial manufacturing."

For more information about KROST's mergers and acquisitions, as well as capital markets services, visit https://krostcpas.com/ or contact Paren Knadjian.

For information about this transaction, please contact:

Paren Knadjian

Practice Leader - M&A and Capital Markets

626.538.3167

paren.knadjian@krostcpas.com

ABOUT KROST CPAS & CONSULTANTS

KROST is a full-service Certified Public Accounting and Consulting firm headquartered in Pasadena, California. As trusted advisors and industry leaders, clients depend on KROST for timely information, innovative solutions, and results-driven teamwork in the areas of accounting, assurance, business management, consulting, tax, mergers and acquisitions, and wealth management.

Twitter: @KROSTCPAs

Integrity Bio, Inc., a privately held formulation and fill-finish organization, was sold to Curia (formerly Albany Molecular Research, Inc. (AMRI)), a Contract Development and Manufacturing Organization (CDMO) and leading global provider of advanced contract research, development, and manufacturing solutions. KROST, a Los Angeles-based firm, acted as the exclusive financial advisor to Integrity Bio in the transaction.

Related link: https://www.krostcpas.com/

Los Angeles-Based CPA Firm Receives High Praise from Accounting Today

PASADENA, Calif. /ScoopCloud/ -- 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.

New to the list, KROST, ranked No. 78, with an 80.08% change in revenue from last year. Additionally, the firm ranked No. 11 on the Regional Leaders on the West Coast which includes firms in California, Nevada, Oregon, and Washington. The average firm growth was 7.59%, which KROST surpassed with the highest percent change.

KROST ranked No. 1 in the fastest-growing firms list. Accounting Today's Top 100 Firms and Regional Leaders is an annual ranking that recognizes the largest tax and accounting firms by revenue, both nationwide and in specific regions.

"The Regional Leaders on the West Coast, which are usually among the top three groups in performance, dropped into the middle of the pack in terms of growth rate, but nonetheless reported higher revenues from 2020 than in 2019, despite the loss of Squar Milner, which merged into national firm Baker Tilly late in the year. That was thanks in no small part to the addition of KROST, a new entry to the Top 100 Firms and the fastest growing firm in this year's report, as well as OUM & Co., which is new to the regional list this year." - Accounting Today.

"It means a great deal to us to receive these two awards from Accounting Today. It has been a difficult year for our entire industry. The pandemic forced many of us to change our strategies and shift priorities. Despite the circumstances, we were fortunate to be able to grow our firm and rise to the challenges of 2020," said Greg Kniss, Managing Principal at KROST.

ABOUT KROST CPAS & CONSULTANTS

Established in 1939 in Pasadena, California, 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, corporate tax incentives, and wealth management.

For more information about KROST, please visit: https://www.krostcpas.com/.

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.

Related link: https://www.krostcpas.com/

Los Angeles Based CPA Firm Announces New Principal, Stacey R. Korman, CPA, MST

PASADENA, Calif. /ScoopCloud/ -- 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 leads KROST's Client Accounting Service (CAS) division. CAS not only provides customizable accounting services for each client based on their specific situation and needs, but goes beyond business management or outsourced accounting by providing proactive insights and data analytics. This advisory methodology ensures clients' accounting needs are predicted and exceeded as their business evolves and grows.

In addition to CAS, Stacey has developed the firm's Paycheck Protection Program Loans Forgiveness team in partnership with Paren Knadjian, Practice Leader, M&A and Capital Markets and Sossi Bekarian, CPA, Senior Manager, Accounting. Since April 2020, the team has developed a proprietary budgeting and forgiveness maximization tool, hosted numerous webinars, and published a wealth of thought leadership on the subject. To date, KROST has assisted hundreds of businesses through the emergency loan program from the application process to loan forgiveness.

Stacey is expertly versed in working with clientele from a wide range of industries, including management companies, real estate, technology, foodservice, and not-for-profits. She provides consulting and cash management services to high net worth individuals, management companies, and small businesses. She is also an integral member of the Sports & Entertainment and Financial Services industry groups.

"Stacey is an outstanding member of our firm, and we are proud to welcome her as a principal as it is well deserved. She is a trusted consultant to our clients, mentor to staff, and technical leader who has elevated the work we do. Her industry expertise and breadth of knowledge is a tremendous value to us and those we serve," said Jason Melillo, Senior Principal at KROST.

ABOUT KROST CPAS & CONSULTANTS

Established in 1939 in Pasadena, California, 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, corporate tax incentives, and wealth management.

For more information about KROST, please visit: https://www.krostcpas.com/.

MEDIA ONLY CONTACT
Diana Vu
Marketing Coordinaor, KROST
(626) 773-8282 (media only)
diana.vu@krostcpas.com

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.

Related link: https://www.krostcpas.com/

KROST Launches PPP Loan Forgiveness Review Services for Borrowers and Lenders

PASADENA, Calif. /ScoopCloud/ -- Award-winning tax, accounting, and consulting firm, KROST, announced the launch of their PPP Loan Forgiveness Application Review Service for both Borrowers and Lenders. The services are intended to aid both borrowers and lenders by taking on the burden of calculating forgiveness values, checking that expenses conform to the SBA forgiveness rules, and ensuring that the underlying documentation verifies those expenses.

The PPP Forgiveness Review Service for borrowers includes reviewing the actual expenses incurred by the borrower during the covered period, calculating the forgiveness amount taking into account all the rules, reviewing and assembling the necessary backup documentation that is required, and creating an electronic binder that can be sent to the lender. The PPP Forgiveness Review Service for lenders includes, independently reviewing the actual expenses claimed by the borrower during the covered period, independently calculating the forgiveness amount, ensuring the documentation substantiates the claimed expenses, and reporting any errors or omissions.

Paren Knadjian, who leads the firm's M&A and Capital Markets practice and has a background in debt financing, and as a fractional CFO, has taken the lead on the KROST PPP Services.

"While the PPP loan program has been hugely successful at injecting capital into businesses suffering from the consequences of COVID-19, the rules and regulations surrounding forgiveness can be complex and burdensome. The KROST PPP Loan Forgiveness Review Service is aimed at assisting both borrowers and lenders to complete the forgiveness application process in an accurate, timely, and stress-free manner," said Paren Knadjian.

In addition to the PPP Forgiveness Services, the firm has also developed a COVID-19 Resource Center as a hub for businesses and individuals to access the latest tax, accounting, and HR news on the Coronavirus. Learn more: https://www.krostcpas.com/covid-19-resource-center

ABOUT KROST CPAS & CONSULTANTS

Established in 1939 in Pasadena, California, 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, corporate tax incentives, and wealth management.

For more information about KROST, please visit https://www.krostcpas.com/

FOR MORE INFORMATION, CONTACT:
Bethany Wolfe
Marketing Director
(626) 508-1792

Award-winning tax, accounting, and consulting firm, KROST, announced the launch of their PPP Loan Forgiveness Application Review Service for both Borrowers and Lenders. The services are intended to aid both borrowers and lenders by taking on the burden of calculating forgiveness values.

Related link: https://www.krostcpas.com/

KROST CPAs & Consultants Provides Much-Needed Help to Businesses Affected by the Economic Downturn Caused by the COVID-19 Pandemic

LOS ANGELES, Calif. /ScoopCloud/ -- Los Angeles-based firm, KROST CPAs & Consultants, has launched several programs to assist businesses during the Coronavirus pandemic. Since April 2020, the firm has assisted hundreds of businesses and individuals through the development of COVID-19 resources that have guided them through the process of choosing, applying, and qualifying for emergency loan programs. To date, the firm has helped more than 200 firms and sole proprietors apply for, and receive, more than $150 million in total loans.

KROST hosted two virtual webinars to provide insight into the EIDL and PPP loan programs - who can apply, what the terms of the loans were, how to apply, and how to use the proceeds once they receive funds. Now, the firm has launched the PPP Budgeting and Forgiveness Maximization Tool, a proprietary tool that allows users to plan, budget, and track expenditures on a week-by-week basis. The tool has all the current known rules on forgiveness programmed into it.

Paren Knadjian, who leads the firm's M&A and Capital Markets practice and has a background in debt financing, and as a fractional CFO, has taken the lead on the emergency loan programs. He, along with a team at KROST, developed the PPP tool with KROST clients in mind.

"From day one, we used our role as trusted advisors, to keep our customers informed of the detailed terms of these government-backed loans and helped many of them with the application process. Now that many of them have received the funds, we are guiding them through best practices on the use of proceeds and providing them with a proprietary tool to ensure they optimize loan forgiveness. The next step will be to provide them with the resources necessary, such as accounting and fractional CFO services, to ensure they emerge from business closures with a plan and a budget that maximizes their ability to make an economic recovery," remarked Paren Knadjian.

In addition to the emergency loan forgiveness assistance, the firm also developed a COVID-19 Resource Center as a hub for businesses and individuals to access the latest tax, accounting, and HR news on the Coronavirus. Learn more: https://www.krostcpas.com/covid-19-resource-center

ABOUT KROST CPAS & CONSULTANTS

Established in 1939 in Pasadena, California, 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, corporate tax incentives, and wealth management.

For more information about KROST, please visit http://www.krostcpas.com/

Los Angeles-based firm, KROST CPAs & Consultants, has launched several programs to assist businesses during the Coronavirus pandemic. Since April 2020, the firm has assisted hundreds of businesses and individuals through the development of COVID-19 resources.

Related link: https://www.krostcpas.com/

KROST Kicks Off the Year by Announcing Merger with BPE&H an Accountancy Corporation

PASADENA, Calif. /ScoopCloud/ -- KROST CPAs and Consultants, a firm based out of Los Angeles, has merged in BPE&H out of Woodland Hills effective January 1, 2020. Seven principals will join the leadership team at KROST, including Scott Eisner, Martin Belak-Berger, Bob Price, Phil D'Amico, Scott Gilmore; and founding BPE&H principals Jerry Block and Jane Plant. With the addition of 30 team members total, KROST's practice will expand to 200 team members firmwide and grow its presence in the thriving Woodland Hills area.

The new KROST management and staff will remain at the 21300 Victory Boulevard office until next summer when the two Woodland Hills office locations will move into a new space together. KROST has locations around the Greater Los Angeles area, including offices in Pasadena, West Los Angeles, Valencia, and Woodland Hills.

"Joining with KROST makes sense from a resource standpoint. We now have in-house recruiting and other corporate support systems to alleviate workload on our leadership so we can spend more time with our clients. The firm's industry task forces are also a great complement to our manufacturing and real estate expertise. Overall, we are thrilled about this new chapter and ready to hit the ground running," remarked former BPE&H Principal, Martin Belak-Berger.

"Merging with BPE&H made sense for us on several levels. Their mission and vision, as well as dedication to superior customer service, resonates with our core values and the principles that we stand by here at KROST. Our tax, accounting, and advisory teams will benefit from the added resources; all of which will allow us to continue to support our clients," said KROST's Managing Principal Greg Kniss.

ABOUT KROST CPAS & CONSULTANTS

Established in 1939 in Pasadena, California, 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, corporate tax incentives, and wealth management.

For more information about KROST, please visit https://www.krostcpas.com/.

KROST CPAs and Consultants, a firm based out of Los Angeles, has merged in BPE&H out of Woodland Hills effective January 1, 2020. Seven principals will join the leadership team at KROST, including Scott Eisner, Martin Belak-Berger, Bob Price, Phil D'Amico, Scott Gilmore; and founding BPE&H principals Jerry Block and Jane Plant.

Related link: https://www.krostcpas.com/

Jean Hagan Brings Decades of Restaurant Operations Experience to the Culinary Institute of America as Newly Appointed Adjunct Professor

PASADENA, Calif. /ScoopCloud/ -- Jean Hagan, Principal of KROST CPAs & Consultants and leader of the firm's restaurant consulting practice, has recently taken on an additional title as Adjunct Professor of Restaurant Operations and Management Strategies at the Culinary Institute of America (CIA). Her first course, Operations and Management Strategies for the Restauranteur, began this fall.

Jean teaches the master's level course through the college's online platform. Much like the consulting services she and her team provide at KROST, the curriculum covers management and operations strategies for the foodservice industry. Under Jean's guidance, students explore experimental simulations to practice a variety of concepts and problem-solving techniques, using individually selected projects.

Jean leveraged her extensive network of connections to supplement the student's weekly assignments with video interviews with industry experts who provide real-life examples of the course fundamentals in application.

In addition to adjunct professorship, Jean also serves as a member of both the Culinary Institute of America's Society of Fellows and the Education Committee.

"It is an honor to further champion the mission of the Culinary Institute of America in this newly appointed role as adjunct professor. Developing and teaching this curriculum is an exciting challenge. It is an incredibly fulfilling experience to have the opportunity to shape the future leaders of this field, and share my passion for the industry with like-minded, eager students," remarked Jean Hagan, Principal at KROST and Adjunct Professor at the Culinary Institute of America.

Jean has owned, operated, and consulted in the restaurant industry for more than 30 years. During that time, she worked with a well-known national chain; owned a food and beverage company that operated multiple restaurants, bars, and event spaces in the Squaw Valley area; and became the president, CEO, CFO, and shareholder of one of the highest-grossing restaurants in California. Today Jean is Principal and leads the restaurant operations consulting practice at KROST.

About KROST CPAs & Consultants

KROST is a full-service Certified Public Accounting and Consulting firm headquartered in Pasadena, California with offices throughout Greater Los Angeles in West LA, Woodland Hills, and Valencia. As trusted advisors and industry leaders, clients depend on KROST for timely information, innovative solutions, and results-driven teamwork in the areas of accounting, assurance, business management, consulting, tax, mergers and acquisitions, and wealth management.

KROST Website - https://www.krostcpas.com/services/restaurant-accountants

KROST Restaurant Accountants - http://restaurantaccountants.com

Jean Hagan, Principal of KROST CPAs & Consultants and leader of the firm's restaurant consulting practice, has recently taken on an additional title as Adjunct Professor of Restaurant Operations and Management Strategies at the Culinary Institute of America (CIA). Her first course, Operations and Management Strategies for the Restauranteur, began this fall.

Related link: https://www.krostcpas.com/

KROST CPAs & Consultants Partners with Nationally Recognized Executive Chef Phil Kastel

PASADENA, Calif. /ScoopCloud/ -- Los Angeles-based tax and accounting firm, KROST, recently brought on restaurant industry titan Chef Phil Kastel (co-creator of nationally recognized Public School gastropubs) who will serve as the firm's Restaurant and Culinary Consultant. Established in 1939, KROST has a long history in the restaurant space having pioneered accounting technology that was the precursor to what is used today in the industry. Today, the firm's restaurant practice is led by industry veteran Jean Hagan.

In his role, Chef Kastel will provide a range of value-added services including chef consulting, executive chef services, project management for restaurant openings, training, and more complementing KROST's already vast suite of business management services for the restaurant industry.

Prior to KROST, Chef Kastel served as the former Executive Vice President of Culinary for L.A. based Grill Concepts, Inc.; owner and operator of The Grill on the Alley, The Daily Grill and the Public School brands, as well as The Ritz Prime Seafood in Newport Beach and Point Restaurants. As the culinary vision behind the fast-growing Public School gastropubs, Chef Kastel served as the co-creator of the concept that was named 2017 Nation's Restaurant News Hot Concept for innovation, rapid emergence in the marketplace, and consumer appeal.

"Phil is a true chef. His education and experience combined make him a powerhouse in the industry and an invaluable resource for our restaurant clients. Beyond that, he shows up for his clients in enormous ways. I've seen him call upon his own personal contacts to make a project come together on time! Together, we can isolate any challenges that restaurant operators face, and implement holistic solutions through our hands-on, catered approach," remarked Jean Hagan, Principal and Business Management Practice Leader at KROST.

About KROST CPAs & Consultants:

KROST is a full-service Certified Public Accounting and Consulting firm headquartered in Pasadena, California with offices throughout Greater Los Angeles in West LA, Woodland Hills, and Valencia. As trusted advisors and industry leaders, clients depend on KROST for timely information, innovative solutions, and results-driven teamwork in the areas of accounting, assurance, business management, consulting, tax, mergers and acquisitions, and wealth management. Contact us for more information at https://www.krostcpas.com/contact.

Los Angeles-based tax and accounting firm, KROST, recently brought on restaurant industry titan Chef Phil Kastel (co-creator of nationally recognized Public School gastropubs) who will serve as the firm's Restaurant and Culinary Consultant. Established in 1939, KROST has a long history in the restaurant space.

Related link: https://www.krostcpas.com/

KROST CPAs and Consultants Named Inside Public Accounting Best of the Best and Top 200 Firms

PASADENA, Calif. /ScoopCloud/ -- Inside Public Accounting (IPA) named KROST CPAs & Consultants and its affiliated tax consulting practice Best of the Best and Top 200 Firms for the fourth year in a row. The firm placed 109th on the prestigious top 200 list, a substantial leap from 157th in 2016 when it first made the rankings.

Recipients of these distinguished awards will be highlighted in the August and September 2019 issues of IPA's monthly newsletter.

"We challenged ourselves again this year to meet and exceed our own expectations of what we could accomplish," remarked Greg Kniss, Managing Principal. "We've taken great efforts to seek out the most talented staff and show our appreciation to those who have been with us through it all. We are so passionate about our work and the industries that we serve. It is an honor to be chosen as a leader by IPA which is so highly regarded in our profession."

IPA is a highly regarded independent publication that produces one of the most comprehensive benchmarking reports in the profession. The independent and confidential report is a valuable tool to improve firm management, which is why firms across the country trust IPA with detailed financial information annually.

This is IPA's 29th annual independent ranking of top firms in the nation and is one of the highest honors in the industry today. Over 70 metrics are analyzed from more than 550 accounting firms across the nation to tally the results.

ABOUT KROST CPAS & CONSULTANTS:

Established in 1939 in Pasadena, California, KROST is a full-service certified public accounting and consulting firm serving clients across various industries such as manufacturing and distribution, financial services, sports and entertainment, real estate, grocery, hospitality, and restaurant/foodservice. For more information, visit: https://www.krostcpas.com/

Inside Public Accounting (IPA) named KROST CPAs & Consultants and its affiliated tax consulting practice Best of the Best and Top 200 Firms for the fourth year in a row. The firm placed 109th on the prestigious top 200 list, a substantial leap from 157th in 2016 when it first made the rankings.

Related link: https://www.krostcpas.com/