A cutting tool includes a tool body having a first end engageable with a workpiece and a second end engageable with a spindle of a power tool. A blade extends outwardly from the first end of the tool body and including a cutting edge, the cutting edge being engageable with a workpiece to cut the workpiece. A bit, including a drive shaft and a cutting end extends along an axis of the tool body. The drive shaft extends axially outwardly beyond the first end of the tool body and terminates at the cutting end. The cutting end has a maximum cross-sectional width greater than a maximum cross-sectional width of the drive shaft, and an axial distance from the first end of the tool body to the cutting end is greater than a maximum cutting depth of the cutting tool.