Ong & Company Blog

Business Tax Credit for Disability Access

Richard Ong / September 22, 2017 /

Tax Planning

Are you upgrading the offices or workspace of your small business? This may be an opportunity to make improvements to accommodate individuals with disabilities (including your own employees and ...

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Client Spotlight: Camp Bow Wow Kansas City - Westport

Zach Davis / September 22, 2017 /

Client Spotlight

On September 23rd, Patrick Frickleton's 14 months of research, planning, and hard work, will culminate in the Grand Opening of Camp Bow Wow Kansas City in Westport. ...

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Dependent Care Tax Credits

Richard Ong / September 15, 2017 /

Tax Planning

A couple can claim the Child and Dependent Care Credit — commonly called the "child care credit" for short — if they pay someone to watch the kids while they're at work. But suppose one spouse plans ...

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Zero Percent Capital Gains Tax Rate

Richard Ong / September 11, 2017 /

Most investors face a 15 percent tax rate on long-term capital gains. This increases to 20 percent for people at the top of the ordinary income bracket (39.6 percent). That's not too bad, considering ...

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Do You Need to File Gift tax Return?

Richard Ong / September 05, 2017 /

Estate Tax

As the end-of-year holidays approach, you may decide to be extra generous to your loved ones. Specifically, by giving your family members gifts that are usually sheltered by the annual gift tax ...

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Avoid Taxes Due To Multiple IRA Rollovers

Richard Ong / August 25, 2017 /

Retirement Savings

The tax rules are relatively lenient for rollovers to a traditional IRA. For instance, if you transfer funds from your 401(k) plan to an IRA within 60 days, there's no tax liability on the transfer. ...

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Tax Advantages of Municipal Bonds

Richard Ong / August 21, 2017 /

Tax Planning

In today's tax environment, nothing is certain. However, as things stand now, high-income taxpayers may continue to value municipal bonds ("munis") and muni bond funds. Just consider these four tax ...

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When Disaster Strikes!

Richard Ong / August 14, 2017 /

Tax Deductions

August is the middle of hurricane season for the eastern and southern coasts. Other regions of the U.S. experience tornados, floods, and wildfires. If you're victimized by a natural disaster this ...

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Deducting Your Gambling Losses

Richard Ong / August 04, 2017 /

Tax Deductions

Gambling may not be for everyone but many people occasionally place wagers at the track or indulge in games of chance. You may be one of them. If you're lucky enough to hit a jackpot, or even if you ...

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Non-Cash Charitable Gift Deductions

Richard Ong / July 28, 2017 /

Tax Deductions

Do you own a prized piece of art that you'd like to donate to charity? If you meet the requirements for gifts of property, you may qualify for an enhanced tax deduction which could be a beautiful ...

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