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COVID-19 Relief Resources

This is an uncertain and stressful time for many of us, and the health and financial well-being of our families, clients, and friends are our top priorities.

We pulled together a variety of resources related to COVID-19 including tax extensions, relief bills, stimulus packages, and investment advice to assist you in navigating the economic impact of this virus.

COVID-19 Relief Assistance & Financial Advice

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Good records are the key to trouble-free audits and deductions

A meticulous approach to keeping business records can protect your tax deductions and help make an audit much less painful.

Employer-provided life insurance carries tax implications

Employer-provided group term life insurance can be a nice employee benefit. But depending on the amount of coverage, it may cause an unwanted tax result. Here’s why.

Businesses: It’s time to get ready for the new Form 1099-NEC

A tax form that used to be filed back in the 1980s is coming back for 2020. Here’s what businesses need to know.

New audit requirements issued for healthcare entities receiving HHS relief grants

New guidelines have been applied to federal programs established due to the COVID-19 pandemic. As a result, many non-federal entities — including many health systems and hospitals — will, for the first time, be subject to single audit or other audit requirements established in the Uniform Guidance.

$150 million approved for Tennessee nonprofit organizations

Tennessee’s nonprofit organizations will soon be eligible for $150 million in grants as part of COVID-19 recovery efforts. Funds will be issued through the Tennessee Community CARES Program to Tennessee nonprofits that are assisting in relief efforts related to the ongoing health and economic impact of COVID-19.

Upcoming Events

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Changes to evaluation and management codes

August 18, 2020
10:00 am - 11:30 am

Stay up-to-date on tax and accounting changes and other business and technology topics.

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"Accurate, prompt, and caring, the Kraft team takes care of all things financial so the board and I can concentrate on serving our members.”

Rebecca Leslie

Executive Director

Nashville Academy of Medicine

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"KraftCPAs has taken care of our family businesses for three generations. We sleep better at night knowing that Vic and his team are looking out for our best interest."

Shirley Zeitlin


Zeitlin Sotheby's International Realty®

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"KraftCPAs shares the Hiscall values of integrity and commitment to customer service. They keep us ahead of the game and always prove to have my best interest at heart."

Gary Luffman

Chief Executive Officer

Hiscall, Inc.

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"What's not to love? They're simply the best. KraftCPAs takes care of our family business as if it were their own."

Michael Smith


Rio Grande Fence Co.

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