Ong & Company Blog

New Tax Rules For Vehicle Trade-Ins.

Richard Ong / December 31, 2018 /

Self Employment, Tax Planning, Tax Deductions

Trading in a business car? Here are the new rules New tax legislation eliminated the tax deferral on exchanges of like-kind exchanges of property, except for real estate. This change (generally ...

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New IRS Rules For Meals & Entertainment

Richard Ong / December 16, 2018 /

Self Employment, Tax Planning, Tax Deductions

After the new law repealed deductions for entertainment expenses, many businesspeople figure their write-offs for treating customers or clients to meals are gone for good. But interim guidance handed ...

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5 Tax Breaks Limited By Tax Reform

Richard Ong / December 10, 2018 /

Tax Planning, Tax Deductions

REMINDER: Rules have changed for these tax breaks New tax legislation provides numerous tax benefits for individuals for 2018 through 2025. But not all the changes are likely to align with your go-to ...

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