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

KraftCPAs is one of the largest certified public accounting firms in Tennessee — but we still deliver the familiar client service Scenic City deserves. With a team of more than 250 people, we can help you find the right solutions to achieve your financial goals.

6136 Shallowford Road
Suite 101
Chattanooga, TN 37421
423-894-7400
chattanoogatn@kraftcpas.com

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Tax and Accounting News Updates

Check out 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.

The IRS has different requirements for businesses that hire contractors and employees.

Contractor or employee? Know the differences

May 22, 2023

These days, more businesses are filling vacant positions and saving money by using independent contractors. Knowing the basic rules can keep you out of trouble with the IRS.

Don't let tax issues after retirement spoil your dream of quiet sunsets on the beach.

Retiring soon? Tax challenges might be ahead

May 19, 2023

Don’t ignore tax planning as work slows and retirement gets closer. There could be a new set of tax challenges around the corner.

Quick answers to your common questions after Tax Day.

Three common questions after filing your taxes

May 9, 2023

Even if you filed your 2022 tax return by the deadline, you might still have questions. We’re often asked about refund status, how long to keep records, and when an amended tax return should be filed. Here are the simple answers.

Tennessee tax cuts include business credits, grocery tax holiday

May 3, 2023

Tax law changes are coming for Tennesseeans, including a three-month grocery tax holiday, paid family leave tax credit for employers, and a host of other cuts to business and F&E taxes.

FAQ: Capitalization and amortization of R&D costs under new Section 174 rules

Apr 28, 2023

Middle market companies engaging in research and development activities face new challenges due to new Section 174 rules. Here are answers to some of the most common questions stemming from the new requirements.

New tax treatment of R&D costs spur M&A considerations

Apr 25, 2023

Understanding new Section 174 rules is essential for business owners to prevent costly surprises and preserve cash flow.

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 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

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