Ong & Company Blog

Creating a Blank Canvas for a Fresh Start to the New Year

Kaley Jamnik-Bozett / January 02, 2026 /

While we begin 2026, January is the perfect time to reflect on the past year as well as plan ahead to be well informed, organized, and proactive. Think of this first part of the year as an ...

Read More

One Big Beautiful Bill Act Tax Update Series: Top 2025 Year-End Tax Planning Opportunities

As 2025 draws to a close, taxpayers and business owners have a unique window to take advantage of powerful tax planning opportunities under the One Big Beautiful Bill Act (OBBBA), signed into law on ...

Read More

One Big Beautiful Bill Act Tax Update Series: Research and Development Expenses

Nick Ong / September 17, 2025 /

Tax Planning, Tax Deductions

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4th, 2025. One key change included as part of the tax bill is the permanent reinstatement of full, immediate expensing of domestic ...

Read More

One Big Beautiful Bill Act Tax Update Series: Itemized Deductions

Elden Geist / September 11, 2025 /

Tax Planning, Tax Deductions

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4th, 2025. One key change included as part of the tax bill is a new significant expansion and revision of itemized deductions for ...

Read More

One Big Beautiful Bill Act Update Series: Child & Adoption Tax Credit

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4th, 2025. One key change included as part of the tax bill is the expansion and enhancement of the Child & Adoption Tax ...

Read More

One Big Beautiful Bill Act Tax Update Series: Bonus Senior Deductions

Justin Joo / August 13, 2025 /

Tax Planning, Tax Deductions

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4th, 2025. One key change included as part of the tax bill is the creation of the Bonus Senior Deduction—an enhanced tax benefit ...

Read More

One Big Beautiful Bill Act Update Series: SALT Deduction Increase

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4th, 2025. One key change included as part of the bill is a temporary increase to the cap on state and local taxes (SALT) that can ...

Read More

One Big Beautiful Bill Act Update Series: No Tax on Tips

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4th, 2025. One key change included as part of the tax bill is a new federal law that allows tipped workers to deduct up to $25,000 ...

Read More

One Big Beautiful Bill Act Update Series: Trump Accounts

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4th, 2025. One key change included as part of the bill is the creation of new Trump accounts - a form of Individual Retirement ...

Read More

One Big Beautiful Bill Act Tax Update Series: No Tax on Overtime

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4th, 2025. One key change included as part of the tax bill is a new deduction for qualified overtime pay received for tax years ...

Read More