Unlike larger corporations which will be taxed at a flat rate, small business owners have been asking, “How do the new tax rules affect pass-through entities?” Pass-through income will continue to be taxed at individual income tax rates. Part of the reason you’re hearing about a potential tax break is because many small business owners […]
View Full ArticleLast month (January 2018) we highlighted a few of the recent tax law changes. Here are two additional changes to know about: 1. Mortgage and home equity loan interest deduction. The new tax law keeps the deduction for mortgage interest, but there are modifications starting this year. For mortgages taken out after December 14, 2017, […]
View Full ArticleKeeping pace with company growth, Orcutt & Company promotes Joy Delbusso and hires Brogan Orcutt.
View Full ArticleFollowing in his grandfather’s and dad’s footsteps, Brogan Orcutt becomes the third generation in the family business.
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Congratulations to Debbie on her recent promotion! Now is a great time to get to know her and gain better insight into who she is, what she does and how she approaches work.
View Full ArticleWhether you’re an employee or a business owner, financial stress can take a toll on businesses and home life. In a recent US employee survey by Pricewaterhouse Coopers (PwC), financial stress is at its highest level in five years. Workers now face more financial burdens and increased debt. In fact, over half (52 percent) are […]
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Many entrepreneurs fail. In fact 9 out of 10 startups will fail (Forbes, 2015). Typically, entrepreneurs have good ideas, but don’t know how to convert their ideas into success. Greg Orcutt, with four other seasoned CPAs, literally “wrote the book” on practical advice for small businesses.
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Warning! Don’t Retire Before Talking to Us If you’re in your 50s or 60s and looking at retirement—sooner than later—now is your best (and final) chance at creating a true retirement plan.You may have many questions: How can I play catch-up? Can I afford to retire early? When should I claim benefits? Will I be […]
View Full ArticleWhat’s the Individual Mandate? What defines Coverage? What’s the Penalty? What is an Exemption? If you didn’t have healthcare, or aren’t sure you met 2014 guidelines, here’s a video to answer your questions.
View Full ArticleWhat should I know about a “Tax Extension?” You can request an “extension” of time to file your income tax returns by filing a form with the IRS. Sometimes, copies of this form must also be filed with a state or city. An extension does not give you additional time to pay the tax. You […]
View Full ArticleWhether you are an individual or own a small business (or both), preparing your own taxes can be daunting. For the first time, individuals and families in Ohio will be asked to provide basic information regarding their health insurance on their tax returns. You may have questions about this new process, healthcare questions, a complex […]
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Orcutt & Co., a Milford finance and accounting firm, advises companies and individuals on
financial planning and management.
