Months before its fall, Chattanooga accounting firm paid employees in unusual manner

Employment law expert said the arrangement sounded ‘bizarre’

Staff photo/ Jonathan Frost is seen in 2018. His accounting firm, which became Croft & Frost, abruptly laid off its employees Tuesday.
Staff photo/ Jonathan Frost is seen in 2018. His accounting firm, which became Croft & Frost, abruptly laid off its employees Tuesday.


In December 2022, employees of the Chattanooga accounting firm Croft & Frost were told about an unusual arrangement.

Given cash flow issues and other factors, payroll had been delayed, and they would receive their paychecks that month as gross pay — the way independent contractors or freelancers are typically compensated.

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