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 Wilson County families, business owners, and community organizations manage their finances, create smart tax strategies, and turn financial goals into reality.

105 Bay Court
Lebanon, TN 37087
615-449-2334
lebanontn@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.

Section 179 changes provide added deductions for businesses

Oct 18, 2019

The Section 179 deduction and bonus depreciation for business assets have been increased and expanded in time for the 2019 tax year.

New federal overtime rule adds more than 1M workers to nonexempt list

Oct 15, 2019

The U.S. Department of Labor’s final overtime rule goes into effect on Jan. 1, 2020. Will your company be ready?

FASB proposes changes to standard-setting approach

Oct 9, 2019

Private entities and small public companies typically need longer to implement changes to accounting rules. Recent FASB proposals would help by staggering effective dates.

New standards aim to simplify rules for reporting income taxes

Oct 7, 2019

For years, businesses have complained that the guidance for reporting income taxes includes many mechanical rules and exceptions. But changes are coming.

Banks urged to implement new standards despite delay in adoption

Oct 6, 2019

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.

What to do if your business receives a “no-match” letter

Sep 18, 2019

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.

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.

    "We've 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.

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