June 2017 - Corrigan Krause | Ohio CPA Firm

Members of the Corrigan Krause team spent the afternoon on June 26 at the Lake Erie Nature and Science Center in Bay Village, Ohio.

The center is a nonprofit organization that offers educational programs, live animals on exhibit and a world-class planetarium.

Corrigan Krause’s staff participated in a community service day, helping the center with a variety of outdoor landscaping needs, including weeding, trimming and mulching. This was the second year in a row that our t Read More >>

Corrigan Krause CPAs is pleased to announce that it has been selected again as one of The Plain Dealer Top Workplaces.

The Top Workplaces are based solely on employee feedback, which is gauged by a survey and questionnaire. The survey is administered by WorkplaceDynamics, LLC, a leading research firm that specializes in organizational health and workplace improvement.

150 companies have been selected for the Top Workplaces list. We are honored to have been selected agai Read More >>

Identifying the best accounting method to report your income and expenses is not always an easy task. Many rules and regulations apply and making the incorrect choice can negatively impact your business. It’s important to understand how each method differs, paying special attention to the impact on your taxes and your long-term business goals. The two primary accounting methods for financial and tax reporting are the Completed Contract method and the Percentage of Completion method.

Al Harsar, CPA shares how to apply value to volunteer time for your not-for-profit:

Many not-for-profit organizations are able to utilize the generosity and the skills of their volunteer force for essential tasks and projects. It is important to capture these hours and apply a value to increase the organization’s top line revenues for services.

A few examples would include:

Working in the organization’s museums or retail shops
Answering phones
Marketing
Other administ