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Orcutt Financial

Storing business receipts accounting bookkeeping

8 Tips for Safely Storing Business Receipts

By Business Advice

As a business owner, if you want your small business to run smoothly and efficiently, you must have a good organizational system in place. One of the biggest challenges when it comes to organization in a small business is storing business receipts. In order to keep track of your spending, file taxes properly/accurately, survive an audit, and monitor your financial health, it’s critical to find the system that works for you. You may find that it’s best to hire an…

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Ways your business can save money

Top 7 Ways Your Business Can Save Money

By Business Advice

As a small business owner, it’s important to find ways you can maximize profits while minimizing expenses. Nearly everyone will offer their advice on how your business can save money. While many of these things are obvious, there are also several things you can do that are more obscure. If your business is located in or near Cincinnati, Ohio, Orcutt and Co. can keep your finances in order. We specialize in payroll and tax prep, as well as monthly accounting and…

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Business owner relaxed in office small business outsource accounting

Why Should Your Small Business Outsource Accounting?

By Business Advice

As a small business owner, you are responsible for many things. Unfortunately, if you’re like many business owners, you may find yourself overwhelmed with time-consuming business responsibilities. The good news is, you can delegate some things by having your small business outsource accounting. This will allow you to focus more on the tasks that grow your business. If you have a small business in or near Cincinnati, Orcutt & Co. can help. We are equipped to handle your daily bookkeeping and…

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Business team clapping increasing employee satisfaction

6 Tips for Increasing Employee Satisfaction

By Business Advice

One of the key issues for small business owners is increasing employee satisfaction and retention. When employees stick around, they cost less over time than hiring new employees. In addition, they become familiar with your company and can help you grow. These days, employees are less likely to stay if they are not satisfied. Therefore, as an employer, you must focus on increasing their satisfaction to encourage them to remain loyal. Give them a reason to stay with you rather than going…

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Hire a recent college graduate work experience graduation new workforce

Should You Hire a Recent College Graduate?

By Business Advice

Once upon a time, landing a job right out of college was easy. After all, less than 5% of adults under age 25 held a bachelor’s degree or higher, which made them stand out from the crowd as having the skills and mindset to be productive. However, now more than 40% of adults in this age group have a college degree, which has led to this being a basic requirement for securing employment. But what about recent college graduates who haven’t…

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Woman business owner at home working on couch relaxing overcoming personal risks of owning a small business

Tips for Overcoming Personal Risks of Owning a Small Business

By Business Advice

As a small business owner, you have a wide array of responsibilities. You must make decisions each and every day that have an impact on your business. These decisions you make to grow your business can also impact your personal life through the natural risks of owning a small business. If you’re not careful, you may be held personally accountable for your business’s debts and other obligations. If your small business is located in or near Cincinnati, let Orcutt & Co….

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Small business owner going through financial books calculating how much should set aside for tax time

How Much Should My Small Business Set Aside for Tax Time?

By Tax Advice

If you’re not sure how much your small business should set aside for tax time, you’re not alone. This is one of the most frequently asked questions from small business owners. If you need help with the financials of your Cincinnati-based business, let Orcutt and Co. help. We specialize in payroll services, bookkeeping, accounting, and tax prep. In this article, we’ll explain how you can determine how much to set aside for tax time. 3 Steps to Save for Tax Time…

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Small business owner happy looking at paperwork tax forms filing receive a tax refund

Can Your Small Business Receive a Tax Refund?

By Tax Advice

Everyone loves to receive a tax refund and, as a small business owner, you may be wondering if it’s possible for your small business to receive one. The simple answer is yes, it is possible for a small business to get a refund. However, it’s not guaranteed and may not be likely depending on your specific business. In order to increase your chances, you need to understand how tax refunds work and how you can increase deductions to decrease income. If…

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Small business recycling advantages save money eco-friendly reusable office supplies waste management strategy

Does Recycling Really Save Your Business Money?

By Business Advice

Most business owners agree that the biggest challenge they are facing right now is how to remain profitable. One of the best ways to do this is to find ways to cut costs and one of the first places to look for this is with your waste. Many businesses find that one of the major places they are losing money is through their waste management strategy and not emphasizing recycling efforts. If your business is located in or near Cincinnati, let Orcutt &…

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New small business financial mistakes owner looking at receipts and accounting records

6 First-Year Financial Mistakes of Small Businesses

By Business Advice

Research from the U.S. Bureau of Labor Statistics shows that approximately 20% of small businesses fail within the first year. This is primarily due to financial mistakes. As a small business owner, it is important to understand that your first year in business will make or break you. Below, we’ll explain 8 of the most common financial mistakes that entrepreneurs make within the first year of business. Top 6 Financial Mistakes Leasing Too Much There are two possible outcomes for this…

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