Ong & Company Blog

Tax Favored Education Savings Plans

Saving for school? Check out the updated 529 plan Now that your teens are heading back to school this fall, it's a good time to start planning for their higher education. That means you may be ...

Read More

Tax Benefits of Summer Camp For Kids

  Are you sending your kids to summer camp while you and your spouse work? Not only will your kids enjoy it, you will also when you see the potential tax break. If certain requirements are met, the ...

Read More

100% Deduction For Company Outings

    Have you planned a summer outing for your employees? It might be a picnic or barbecue for the Fourth of July. Despite recent tax law changes eliminating most entertainment and meal deductions, ...

Read More

Business Education Tax Breaks

Maybe you feel the need to brush up on your skills in your particular line of work. One option is to take a refresher course at a local college this summer. What makes it even more enticing? You may ...

Read More

Primary Home Sale Tax Exclusion

Richard Ong / June 08, 2018 /

Real Estate, Tax Planning

How to lock down the home sale exclusion Good news if you're selling your home: The home sale exclusion wasn't touched by the massive tax law changes. Arguably one of the biggest tax breaks to be ...

Read More

Happy Tax Day!

Richard Ong / April 17, 2018 /

Tax Planning

Tick, tick, tick … the deadline for filing your 2017 tax return is rapidly approaching. The traditional due date is April 15, but you technically have until April 17 to file your 2017 return. Why? ...

Read More

New Tax Breaks for Businesses

Nick Ong / February 18, 2018 /

Tax Planning, Tax Deductions

The Tax Cuts and Jobs Act (TCJA) does much more for businesses than lower corporate tax rates. With careful planning, your small business may realize big tax benefits under the new law. Here are ...

Read More

Year-End Tax Tips for Individuals

Richard Ong / November 11, 2017 /

Tax Planning

Under the tax reform plan recently announced by the Trump administration, most itemized deductions would be eliminated, except those for charitable donations and mortgage interest....

Read More

Year-End Business Tax Planning Moves

Richard Ong / November 06, 2017 /

Tax Planning

Some tax planning moves for small businesses are more common, like acquiring property that qualifies for the generous Section 179 expensing allowance. But other strategies may fly under the radar. ...

Read More

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 ...

Read More