Shirley Wu, CPA gets you up to speed on the changes involved with House Bill 5:



Starting this year, there are a lot of changes to Ohio municipal tax under House Bill 5, which was passed in late 2014. We are listing some key provisions here and want to make you aware of them so you will not be subject to possible penalties and interests. Contact us if you have any questions. We are always here to help!

  • Municipal Income tax withholding
    • Municipal tax withholding deadline f

Lisa Satonick, SPHR, SHRM-SCP reminds business owners that employees need year-round evaluation of their goals and performance:



One of the biggest mistakes a company can make is approaching the performance evaluation process with just a one-time annual meeting. While having an annual performance evaluation is better than no feedback at all, consistent feedback should carry on throughout the year until the next review. There are several reasons that k Read More >>

Corrigan Krause CPAs is pleased to announce that it has been selected as one of The Plain Dealer Top Workplaces for the third consecutive year.

The Top Workplaces are determined based solely on employee feedback, which is gauged by a survey and questionnaire. Here is this year’s list, and here’s our feature!

At Corrigan Krause, we pride ourselves on an esteemed mission and core values to motivate and encourage our talented employees. The numerous benefits fo Read More >>

Looking for a way to shelter some income for your key employees? Al Harsar has information on setting up a nonqualified deferred compensation arrangement:



A plan that provides for deferral of compensation is potentially subject to Code Section 409A. Section 409A of the Internal Revenue Code allows for certain non-qualified deferred compensation arrangements to be taxed at a later date to the recipients when the monies are actually eligible to be received, Read More >>

Lynda Doland, CPA, shares the complications that ensue for your family and loved ones when you’re not prepared with a will:



It is incredibly important not only to have a will or trust, but to also keep them updated.  Don’t believe me?  Let’s look at an example of someone who did not have the proper documentation in place: Prince, one of the most well-known musicians of all time.

Prince’s death without a will highlights the importance of estate planning. In Prince’ Read More >>

Chris Eichmuller, CPA, explains the circumstances in which the sale of your home could be tax-free:



Selling your home and moving into a smaller house or a condo is seldom an easy decision, but at least part of the decision-making process is a little easier in light of an exclusion that eliminates most people’s federal tax liability on gain from the sale or exchange of their homes.

Under these rules, up to $250,000 of the gain from the sale of single person Read More >>

Corrigan Krause’s staff participated in a Community Service Day at the Lake Erie Nature and Science Center (LENSC) in Bay Village, Ohio.

As a part of the Community Service Program initiated by Corrigan Krause, the staff is given a paid afternoon off twice a year to volunteer together for a local organization. In November, the staff had the option of volunteering at the Greater Cleveland Food Bank, where they arrived with boxes of canned foods to donate in addition to th Read More >>