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.

DOL expands retirement plan options for smaller businesses

Aug 21, 2019

The costs involved with funding a retirement plan for employees can greatly burden a small business. The U.S. Department of Labor has issued a final rule that can ease the burden.

Offset expenses for your college student with the dependent tax credit

Aug 19, 2019

Though tax reform eliminated the child tax credit rules for older children, it also added another credit that can help with college expenses.

The tax implications of being a winner

Aug 15, 2019

If you’re fortunate enough to hit a sizable jackpot in the lottery or while gambling, there are tax implications. Here are the basics to understanding how much you might owe.

The phaseout of LIBOR has begun

Aug 14, 2019

The London Interbank Offered Rate is the most common reference rate in the global financial markets. But, by 2021, it will have been phased out in response to a series of scandals.

FASB proposes delays to four new accounting standards

Aug 12, 2019

A new FASB proposal would delay new accounting rules for leases, credit losses on loans, long-term insurance contracts, and hedge accounting.

You might have to pay tax on Social Security benefits, but how much?

Aug 9, 2019

If you’re getting close to retirement age, you may be wondering if your Social Security benefits are going to be taxed. And if so, how much will you have to pay?

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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