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Monday 9am - 5pm Tuesday 9am - 5pm Wednesday 9am - 5pm Thursday 9am - 5pm Friday 9am - 5pm

Corrigan Krause

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United States
Westlake, OH
Corrigan Krause

Corrigan Krause is a mid-size CPA firm located in Westlake, Ohio, specializing in servicing closely-held businesses since 1989.

Corrigan Krause provides various accounting, tax, compliance, and consulting solutions to the challenges that small companies face in the ever-changing business environment. We take pride in working as business advocates, providing value-added personalized service and building long-term relationships to help position our clients for the future. Corrigan Krause is also an independent member of MSI

Global Alliance, a worldwide organization of professional accounting firms and business advisors in more than 100 countries. This affiliation provides us with access to industry-focused experts in major cities around the world. Learn more at www.corrigankrause.com.

07/17/2026

Corrigan Krause is proud be a PGA Sponsor of the Lorain Historical Society’s Lorain Legends Golf Outing.

Lorain Historical Society engages members of the community and our visitors in their shared and diverse history through preservation, education, collaborations, and exciting programming for all ages, so that they learn from the past, develop civic pride, and transform the future.

Supporting our communities as they build a better future is important to everyone at Corrigan Krause. To learn more about our involvement, click here: https://hubs.ly/Q04pLn340

07/16/2026

At Corrigan Krause, we value the people who bring passion, purpose, and authenticity to their work every day. That’s why we’re proud to share the experiences of team members who have grown with us, challenged themselves, and made a meaningful impact along the way.

Michele Sperry started at Corrigan Krause in 2022 as our AR/AP Specialist. She has over 20 years of experience in the AR/AP industry and is extremely knowledgeable about financial systems.

Michele appreciates the opportunity for growth and the caring nature of those she works with. “I chose to continue my career at Corrigan Krause because I really like their core values. Everyone including ownership is caring and passionate about long-term growth for employees both professional and personally.”

She values the kindness and support of her colleagues and never feels uncomfortable asking questions. “I think my favorite part about working at Corrigan Krause is the people and how they are all willing to help support one another. No matter the question or concern, someone always has an answer or suggestion to offer. No question is ever a silly question, which is something I was told very early on in my career, and I can agree with that.”

Michele emphasizes the valued balance between her professional and personal life. “I would recommend Corrigan Krause to a friend; they really encourage work-life balance. No matter what stage of life you are in, young family or empty nester, they want you to have time with family and friends outside of work.”

We appreciate you and all that you contribute here, Michele. Thank you!

Interested in building your career at Corrigan Krause and meeting individuals who will help to support and guide you? Click here to learn more: https://hubs.ly/Q04pLm-m0

07/15/2026

Businesses across all industries are under an obligation to follow generally accepted accounting principles (GAAP) when it comes to handling their finances—and this remains true when choosing a revenue recognition method. However, because of some inherent challenges of being in the construction industry, businesses may face some obstacles when deciding on the revenue recognition method works best for them.

Factors such as long project timelines, variable contract terms, change orders, and fluctuating job costs can make it difficult to match revenue with the actual progress of a project. This increases the importance of selecting a method that accurately reflects the business’s performance while also complying with GAAP.

Read more here: https://hubs.ly/Q04pB_z00

07/14/2026

Welcome to Tax Tip Tuesday! Summertime can bring severe weather no matter where you live. The IRS encourages taxpayers to take three steps now to ensure they’re prepared in case they are impacted by a disaster or emergency.

1. Review and update emergency preparedness plan annually
2. Create electronic copies of documents
3. Document valuables - Take pictures or video of valuables before disaster strikes.

07/13/2026

Building the business was the first step.

As times change, it's important to know how to strengthen your business. Experts from CKE Financial Services, Corrigan Krause CPAs and Consultants, First Federal of Lakewood, and McGohan Brabender, a Higginbotham partner, are teaming up this summer to share new strategies to help you strengthen and safeguard your business into the future.

This half-day event on August 12th at Lakewood Country Club in Westlake is geared for CFOs and financial leaders of closely-held businesses in Northeast Ohio.

Click here to register today: https://hubs.ly/Q04plfgD0

07/10/2026

Corrigan Krause is proud to be a Hole Sponsor for the 6th Annual Gideon’s Army Golf Outing.

Gideon's Army is a not-for-profit organization, 501(c)3, that strives to provide young men with the resources and tools necessary to succeed spiritually, academically and socially. Through a host of programs and initiatives Gideon's Army bridges the gap between opportunity and community to create a space that intentionally engages our youth.

Supporting our communities as they build a better future is important to everyone at Corrigan Krause. To learn more about our involvement, click here: https://hubs.ly/Q04p7cC40

07/09/2026

Corrigan Krause clients are local business owners and community members who are passionate about building a solid future. Our team takes the time to get to know our clients and their unique goals. Sometimes, helping clients reach their goals takes a little extra and we celebrate every opportunity to go above and beyond.

Tax Associate Haydn Carreras recently went the extra mile for a new individual client.

“I have a new client who needed some extra support,” Tax Manager Logan Siebert said. “This client had a large extension payment due. Haydn prepared the return for extension, put together the extension and met with the clients to go over the payment process with them in person to bring some peace of mind.”

Haydn is just one of the Corrigan Krause team members who work every day alongside our clients to build a future to be proud of.

To learn more about how our team goes above and beyond for our clients, click here: https://hubs.ly/Q04n_YCK0

07/08/2026

Life is all about balance.

At Corrigan Krause, we understand that our team balances a lot. From in-office tasks to personal events and milestones, we support our team members as they take care of themselves and their loved ones. We are happy to work with you to develop a schedule that meets both your needs and supports our clients.

Learn more about how Corrigan Krause supports a healthy work/life balance at: https://hubs.ly/Q04nTTNz0

07/07/2026

Welcome to Tax Tip Tuesday! Many people have hobbies - things you enjoy doing in your spare time - and some even make a little extra money from them. However, there’s a difference between a hobby and a business, especially how each is treated when it comes to filing taxes.

Businesses operate to make a profit while hobbies are for pleasure or recreation. Here are some common questions people should ask themselves when deciding if what they’re doing is a hobby or business. No single thing is the deciding factor.

Questions to help you decide if you have a hobby or business:
✔️ Is there an intent to make a profit?
✔️ If the activity makes a profit, how much is it?
✔️ Can you expect to make a future profit from the appreciation of the assets used in the activity?
✔️ Do you depend on income from the activity for your livelihood?
✔️ Are any losses due to circumstances beyond your control or are the losses normal for the startup phase of your type of business?
✔️ Are operations adjusted to improve profitability?
✔️ Is the activity carried out like a business with complete and accurate books and records kept?
✔️ Do you and your advisors have the knowledge needed to carry out the activity as a successful business?

Regardless of the whether or not your hobby is or isn’t a business, if you’re paid through payment apps for goods and services during the year, you may receive an IRS Form 1099-K for those transactions. These payments are taxable income and must be reported on federal tax returns.

Additionally, if you received payment in the form of digital assets like cryptocurrency, you may also get a Form 1099-DA. Make sure you’re keeping good records throughout the year to make tax time easier!

07/06/2026

Our clients are at the heart of all that we do at Corrigan Krause, so it’s especially inspiring when they share just how much our hard work means to them.

An interstate freight shipping client recently shared: “The current Corrigan Krause team we work with is top notch, prompt, professional and detailed. We trust all our accounting needs for our three businesses and personal to Corrigan Krause.”

We thank our clients for trusting our firm with some of the most important parts of their lives. If you’re looking for a firm that supports you during every phase of your business and life, contact our team about becoming a client: https://hubs.ly/Q04nB3950

Address

191 American Boulevard , Suite 201
Westlake, OH
44145

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Website

http://www.corrigankrause.com/

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