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.