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Disclosures in the form of footnotes can pack a lot of vital information in a company’s financial statements, which is why it’s important to keep them detailed and accurate.
There’s a new benefit plan that businesses can offer as an employee perk: pension-linked emergency savings accounts. Here’s how they work.
The rapidly changing demographics of the American workforce ushers in a unique set of challenges for businesses. Strategic compensation, smart benefit plans, and understanding your employees can make the transition easier.
You might not think your 21- or 22-year-old child is subject to a “kiddie tax,” but the IRS disagrees. Don’t let the tax rules catch you by surprise.
When will 1099 forms arrive? When is the best time to file a tax return? Here are answers to the most common questions heading into tax season.
Your customers keep your business afloat, and building comprehensive profiles in QuickBooks can help you know them better.
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"We have been working with Tim Stees and KraftCPAs for more than a decade. The hospitality industry evolves quickly and having knowledgeble advisors is important so we can focus on running our restaurants instead of trying to keep up with all the changes to the tax code. They take the time to learn both the individuals as well as the business needs and are always quick to respond. When we were looking at an acquisition, KraftCPAs was our first call.”
Michael Richman, CPA
Debo's Diners Inc.
KraftCPAs have been partners with Access Garage Doors of Chattanooga for more than a decade. They have guided us through accounting and operations, and they were instrumental in helping our brand become a national franchise. We couldn’t be happier to have the KraftCPAs team by our side on this journey!
Jesse Cox, CEO
Access Garage Doors
KraftCPAs is our go-to advisor whenever we have tax, accounting or financial management needs. The Kraft team understands the construction industry — inside and out. We know we’re getting sound advice based on years of relevant experience. They are attentive, proactive and a pleasure to work with. We have a great working relationship and are happy to recommend KraftCPAs.
BP Construction Company, Inc.
Working with KraftCPAs has been a tremendous improvement over our experience with previous audit firms. All members of the audit team were willing to work with us and have a pleasant and helpful attitude. They kept us updated with newer rulings and were willing to answer questions at various times throughout the year. They provide a thorough analysis of our records and prepare the Legal Aid of East Tennessee non-profit firm for future audits by the OIG and others. The advice given by KraftCPAs has been both timely and helpful. I have confidence in their ability to provide both audit and tax services with integrity.
Director of Finance
Legal Aid of East Tennessee