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.

IRS loosens 2018 underpayment penalties for certain taxpayers

Feb 10, 2019

How confident are you that you’ve paid enough in taxes for 2018? The tax law changes in the TCJA have made it difficult to properly estimate 2018 tax liability, but the IRS is ready to provide modest penalty relief for some taxpayers who didn’t withhold enough.

You must get substantiation for 2018 donations ― but there’s still time

Feb 4, 2019

Don’t take the substantiation requirements for charitable donation deductions lightly. If you made a gift last year and haven’t received a written acknowledgment from the charity, read this before claiming a deduction on your 2018 income tax return.

Sweeping changes come to partnership audit procedures

Feb 2, 2019

New rules were issued that completely change how partnerships will be audited by the IRS. These rules under the consolidated partnership audit regime are effective for partnership tax years that began Jan. 1.

Use QuickBooks Online to round up expenses

Feb 1, 2019

If you come home from business trips with a wallet full of receipts, consider entering them quickly and remotely with the QuickBooks Online mobile app.

IRS provides QBI deduction guidance in the nick of time

Feb 1, 2019

Final IRS regulations on the qualified business income deduction are out. How will they affect your 2018 taxes?

Filing taxes early makes sense, possibly even more so this year

Jan 28, 2019

After a tumultuous government shutdown and big changes in tax law, an early start on your 2018 returns could mean less stress later.

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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