Have the Same Confidence As Your Millionaire Neighbor

The odds are good that at least one of the 7.8 million people who are millionaires in the United States lives near you. They may even be your neighbor! But a millionaire that is financially savvy isn’t always as recognizable as some may think. So what are a few of the habits and beliefs millionaires […]

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An Update: IRS Provides More Clarity On 20% Pass-Through Deduction [September 2018]

orcutt financial CPA IRS Provides Key Guidance

We now have updated guidance on the the Tax Cuts and Jobs Act from the IRS. As many of you know, there had been questions about if and how certain taxpayers—owners, partners, and shareholders in pass-through entities—could claim the 20% deduction on income. The recent guidance clarifies two major things, which we’ve simplified here: 1. […]

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Get to Know Vicki Bowman, Tax Manager

This month we spotlight Vicki Bowman, a Tax Manager at our West Chester office. Vicki has more than 33 years of experience in tax and accounting, providing a variety of tax services to business clients and individuals. What do you enjoy about your role ? I love helping people and interacting with them. I like […]

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Get to Know Debbie Brady, Tax Manager

This month we spotlight a Tax Manager on our team, Debbie Brady. Debbie has been with Orcutt for 12 years, and she has more than 20 years of experience in taxes and accounting—in both the private and public sector. What do you enjoy about your role?  I enjoy helping clients understand how taxes impact their personal […]

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Orcutt Team Members Take Special Mission Trip to Arizona

Did you know that several members of the Orcutt team went to Arizona with Lifeline Christian Mission ? Lifeline’s vision is to spiritually and physically minister to people around the world. Lifeline ministers to thousands in Haiti, Honduras, El Salvador, Cuba and Canada—and provides many volunteer opportunities right here in the United States. Orcutt team member Sherry […]

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Benefit Now, Pay Later: Here’s What to Know About NQDC Plans

“Qualified” retirement plans include 401(k) and SIMPLE plans. These plans offer tax-advantaged contributions and potential earnings. On the other hand, “Non-qualified” deferred compensation (also called NQDC) plans don’t typically include those same tax advantages, yet they help companies compete for and retain top employees. How so? Here’s one example: imagine an employee has maxed out […]

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Doug Orcutt Memorial Bench

Nancy and Dick Orcutt donated a bench along the Little Miami State Park’s trail, in memory of Douglas Orcutt, who passed away in 2013. The Orcutt family has been active on the trail for years, and so this was one way to honor Doug’s memory. This photo was taken last month when Nancy and Dick […]

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Get to Know Linda Mullucey, Corporate Tax Manager

This month we spotlight Linda Mullucey, a Corporate Tax Manager who has been with us for 24 years in September. Prior to joining the Orcutt team, Linda was a Controller at a small IT firm and she was an Assistant Controller and Credit Manager at a large Cincinnati hotel. What do you enjoy about your […]

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This Is How You Can Triple Your Tax Breaks

A Health Savings Account (HSA) offers 3 tax benefits, often referred to as “triple tax benefits.” If you have a high deductible health plan and you are eligible, here is how the triple tax advantage works: 1. Pre-tax contributions. Contributions to your HSA are on a pre-tax basis, meaning all the money you contribute is […]

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Q&A: Employee Picnic – Are These Expenses Still Deductible?

Question: Every year we have an employee picnic. We also have a holiday party in December. With the new tax law changes, are these expenses still deductible? Answer: The new tax law eliminated much of the 50% deduction for meals and entertainment expenses related to customers and business prospects. There are some exceptions, though. If your company […]

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Confused About the 2018 HSA Contribution Limits?

The IRS recently announced a clarification in a ruling it made regarding Health Savings Accounts (or HSAs). The contribution limit will stay with the original $6,900 limit for family coverage for 2018. Previously, the IRS had announced that the limit would be reduced for this calendar year to $6,850. That may not seem like a […]

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Changes to 529 Education Savings Accounts

529 plans are designed to support families saving for future education expenses. Earnings on contributions are not subject to federal taxes when they are eventually withdrawn to pay for schooling and schooling-related expenses.   In our recent wave of tax changes, the definition of “qualified education expenses” has expanded, which can be great news for […]

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