Craine Thompson & Jones

The firm, Craine, Thompson & Jones, P.C., operates as a certified public accounting practice from Morristown, Tennessee, and keeps a second office in Sevierville. It was founded in 1960 and says it has served clients for more than 50 years. The firm provides tax, audit and business advisory services across a wide range of industries, and it is registered with the Public Company Accounting Oversight Board, which allows it to audit companies registered with the Securities and Exchange Commission.

Audit work for financial institutions and governments

Audit is a core part of the practice. Its auditors work for financial institutions, manufacturers, distributors, not-for-profit organizations, governmental units, employee benefit plans and construction contractors. The firm also offers peer review. Several of its members trained at a banking school run by the AICPA and have sat on a state society committee for financial institutions, and the firm's audit experience includes external and internal audits, initial public offerings and loan reviews.

Tax planning built around each client

The tax practice works on personal and business tax strategies aimed at reducing liabilities. Each member of the firm can help a client build and carry out a tax minimization plan, and the firm says its knowledge of the evolving tax code lets it set out the most direct path to a client's tax goals. Its members have tax planning experience that includes positions argued before the Joint Committee on Taxation.

Employee benefits and compliance

The employee benefits service covers payroll preparation, audits of 401(k) plans and the selection of fringe benefits that suit an employer's needs. The firm also helps clients meet the compliance requirements that come with providing benefits, including those introduced under the Affordable Care Act.

Nonprofit and government clients

The firm has a specialized audit service for nonprofit organizations, guiding them through audit, reporting and grant application processes that can be hard to follow. For governments, it provides accurate financial reporting and helps municipalities deal with changing regulations and tight budgets. Some of its staff have more than thirty years of experience in local government auditing.

Full-service accounting alongside the audit work

Beyond audit, the firm provides bookkeeping and payroll processing, so that a business can use one firm for its records as well as its tax and audit needs. Its two offices serve clients in both Morristown and Sevierville.