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.

Understanding taxes on real estate gains

Aug 23, 2024

If you’re the owner of a pass-through entity, the federal income tax rules for gains from the sale of business real estate or vacant land may be more complex than you imagined.

Disability benefits can come with tax twists

Aug 20, 2024

Disability income may or may not be taxable by the federal government. Here are the basic rules.

FASB aims for consistent grant reporting rules

Aug 20, 2024

A proposed change by the Financial Accounting Standards Board would create a standardized method for public and private companies to report government grants.

Businesses get second chance to repay improper ERC

Aug 19, 2024

The IRS has brought back a program that allows businesses to repay wrongfully gained employee retention credit money and avoid penalties.

Tips for managing inventory in QuickBooks

Aug 9, 2024

Running out of products? Or maybe stocking too many? QuickBooks Online can be a valuable tool to help solve both problems.

Divorce is hard; taxes can make it worse

Aug 6, 2024

Getting a divorce can be an agonizing process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are six issues to consider if you’re getting a divorce.

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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