Ong & Company Blog

Richard Ong

Recent Posts

Getting Ready For 2018 Income Tax Filings

Tax records needed for 2018 returns Tax filing season kicks off in a few weeks. What records should you assemble? Due to recent tax law changes, you may not need all the records you've kept before. ...

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New Tax Rules For Vehicle Trade-Ins.

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

After the new law repealed deductions for entertainment expenses, many businesspeople figure their write-offs for treating customers or clients to meals are gone for good.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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New Tax Law Impacts Year End Tax Planning

Richard Ong / November 25, 2018 /

Tax Planning, Tax Deductions

Major tax legislation at the end of 2017 has suspended many prized deductions for 2018 through 2025, while cutting tax rates. As a result, your year-end tax planning will likely need some new moves. ...

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In-Kind Charitable Contributions

Richard Ong / November 18, 2018 /

Tax Planning, Tax Deductions

Giving property to charity? Check the tax rules Despite other wholesale changes for individuals for 2018 through 2025, the main tax benefits for charitable donations have been preserved. If you ...

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Avoid Tax on Required IRA Distributions

If you are an IRA owner, the IRS requires that you withdraw a minimum amount (RMD) from your IRA each year after your required beginning date. However, some IRA owners may not need the money or don’t ...

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Year End Business Tax Planning

10 tax-savvy business moves to make before 2019 Even though 2019 is just around the corner, you still have time to take action and save on your business tax bill. Here are 10 ideas to consider:...

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Year End College Savings Plan Reminders

Review your Section 529 plan now While school finances may be the last thing on your mind as you head into the holiday season, a review of your Section 529 education savings account now could save ...

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Business Data Security Requirements

Keep your business tax info safe Business taxes involve a lot of paperwork, and those papers typically contain a lot of personal financial information. Are you taking steps to make sure your records ...

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