6136 Shallowford Road
Suite 101
Chattanooga, TN 37421
423-894-7400
chattanoogatn@kraftcpas.com
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The Section 179 deduction and bonus depreciation for business assets have been increased and expanded in time for the 2019 tax year.
The U.S. Department of Labor’s final overtime rule goes into effect on Jan. 1, 2020. Will your company be ready?
Private entities and small public companies typically need longer to implement changes to accounting rules. Recent FASB proposals would help by staggering effective dates.
For years, businesses have complained that the guidance for reporting income taxes includes many mechanical rules and exceptions. But changes are coming.
The FASB intends to give smaller financial institutions more time to adopt its new credit loss standard, but banks should not use this as an excuse to delay preparations for the accounting change.
If the names and Social Security numbers on your employees’ W-2 forms don’t match the government’s records, you may receive a “no-match letter.” Here’s what these letters mean and how to proceed.
Please contact one of our team members for more information on how we can help you with your business or individual financial needs.
Helping clients build, preserve, and transfer business value and personal wealth since 1958.
"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
Vice President
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
of Chattanooga
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.
Barry Payne
President
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.
Melissa Brumfield
Director of Finance
Legal Aid of East Tennessee
