Greg Orcutt


Orcutt & Company, CPA

936 State Route 28, Milford, OH 45150


Phone:  513-576-1989 



February 2019

February 2019 Insights and Tips

Insights and Tips

Business Taxes
Business owners should keep an eye out for some tax features that may not last long.

Bon Voyage
Tax year 2019 is the last year to get a paid leave credit of between 12.5% and 25% of taxes for offering paid family or medical leave. There are a number of qualifiers and employers in states where mandated paid leave isn't eligible, so talk to your advisor to learn more.

The Cadillac tax was delayed, for the second time, from 2020 to 2022 — unless Congress delays it further or repeals it altogether. You’ll pay what amounts to a penalty if you offer employees health insurance plans with premiums that exceed certain limits. Talk to your tax professional if you want to plan ahead.

In 2019, look for an increase in Section 179 expensing on qualified property to $1,020,000, phasing out at $2,550,000. ESOP limits also increase in 2019.


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