Ong & Company Blog

Installment Sale Tax Trap

Richard Ong / November 26, 2017 /

Are you trying to sell investment or commercial real estate? If you use an installment sale to help sell real estate, you can benefit from tax deferral and possibly lower your overall tax bill. But ...

Read More

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 ...

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

Client Spotlight: Baltuska Chiropractic

Nick Ong / November 03, 2017 /

Client Spotlight

As a kid, Dr. Kelly Baltuska would ride his bike along Santa Fe Trail Drive in Lenexa, KS with his six siblings. Little did he know that he would end up opening a booming Chiropractic practice in one ...

Read More

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 ...

Read More