The firm Tennesseans have known and trusted for more than 60 years.

Almost every decision you make has financial consequences — and many of them are tax-related. Since 1958, we've helped Maury County families, business owners, and community organizations manage their finances, create smart tax strategies, and turn financial goals into reality.

610 North Garden Street
Suite 200
Columbia, TN 38401
931-388-3711
columbiatn@kraftcpas.com

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Tax and Accounting News Updates

Check out our latest accounting and financial updates. Want more? Get the latest on these topics and more delivered to your inbox with our newsletter and information alerts.

FASB extends simplified alternatives for goodwill to nonprofits

Jul 11, 2019

New guidance from the FASB means that nonprofit groups can use the same methods available to private companies for reporting goodwill and certain identifiable intangible assets after a merger or acquisition.

Hire your kids this summer, and everybody wins

Jun 14, 2019

Are you a business owner with teenage or college-age children who seem to constantly need money? Have them earn their own income by hiring them. You can save taxes and reap other benefits.

IRS updates rules for personal use of employer-provided vehicles

Jun 13, 2019

An attractive benefit for some employees is an employer-provided vehicle that can be used for both business and personal use. The IRS has issued new guidance on how to value the personal use of such vehicles to include the amount in an employee’s income.

Selling your home? Consider these tax implications

Jun 12, 2019

Home sales are flourishing in Middle Tennessee, but consider all the potential pros and cons before putting your house on the market.

The number of IRS audits is down, but you should still be prepared

Jun 10, 2019

Recent statistics show a decreased number of IRS audits. The thought of being audited can be frightening, but proper preparation can ensure a smoother process if you are selected.

Key deadlines are coming up in the third quarter

Jun 7, 2019

The third quarter of 2019 is approaching, so be sure to keep tabs on key deadlines that could affect you and your business.

How may we help you?

Please contact one of our team members for more information on how we can help you with your business or individual financial needs.

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  • Helping clients build, preserve, and transfer business value and personal wealth since 1958.

    "KraftCPAs has supported me from the beginning of my journey, helping me grow WireMasters from a small aerospace distribution supplier into a global entity with multiple facilities in the U.S., Mexico, and Germany. KraftCPAs keeps WireMasters current on the ever-changing tax laws and government regulations. They also have provided personalized service to me and my family while helping us with financial and succession planning. KraftCPAs is a trusted partner who will help WireMasters, Inc. continue to grow."

    David C. Hill
    Chairman, Owner
    WireMasters, Inc.

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