Ong & Company Blog

Holiday Season Tax Planning

Richard Ong / December 09, 2017 /

Tax Deductions

As the year-end holidays approach, add some tax cheer for 2017. In fact, you can still make timely tax moves as late as the last week of the year. Consider these five tax-saving stocking stuffers....

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Itemized Deduction Tax Planning

Richard Ong / December 04, 2017 /

Tax Deductions

Tax reform talk is heating up again as legislators discuss the proposed tax code overhaul. One of the key proposals would repeal most itemized deductions currently on the books. Although enactment is ...

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Non-Cash Charitable Contributions

Richard Ong / November 19, 2017 /

Tax Deductions

As the holidays approach, you may decide to be extra generous this year by donating property to charity. As long as you observe the strict tax rules in this area, you may still be able to take ...

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When To Pay 2017 KS Income Tax Bill?

Richard Ong / November 02, 2017 /

Tax Deductions

As you are probably aware, especially if you live in Kansas and own your own business or are otherwise self-employed, many of us will facing a whopping Kansas income tax bill next April due to the ...

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Home Improvement Medical Deductions

Richard Ong / October 30, 2017 /

Tax Deductions

Are you planning to make substantial home improvements in the coming year? Normally, you can't deduct home improvement expenses on your personal tax return. However, you may be able to deduct the ...

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Time For A New Company Car?

Richard Ong / October 06, 2017 /

Tax Deductions

Now that 2018 models are in the showrooms, you may be shopping for a new car to purchase for your business. Be aware that if you are self-employed, you can use one of two methods; the actual expense ...

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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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Home Office Deduction Methods

Richard Ong / July 14, 2017 /

Tax Deductions

Do you work from your own home? If so, you may be entitled to deduct home office expenses on your personal income tax return. Taxpayers are sometimes hesitant to use this deduction, but the IRS ...

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