Ong & Company Blog

Client Spotlight: Kansas City Strength & Conditioning

Andrea Gallego / May 23, 2018 /

Client Spotlight

As Kansas City Strength & Conditioning (KCSC) approaches its second anniversary, owners John Renzi and Matt Hinkley are finding that the same approach that has made KCSC the go-to training ...

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Like - Kind Exchanges - New Tax Law

Richard Ong / May 18, 2018 /

Are you selling real estate or other investment or business property like collectibles or cars? Generally, you'll owe capital gains tax on a gain, but you might arrange a Section 1031 exchange of ...

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Top Tax Scams

Richard Ong / May 11, 2018 /

Tax Fraud

The IRS recently issued its annual list of the Dirty Dozen tax scams to watch out for throughout the year. Here are three top scam themes to come out of the list, plus ways to protect yourself from ...

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New Depreciation Rules For 2018

Richard Ong / May 03, 2018 /

Tax Deductions

Here are four new and improved depreciation tax breaks: The new Tax Cuts and Jobs Act (TCJA) includes numerous provisions designed to stimulate business growth, including changes in depreciation ...

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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? ...

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What Type of IRA is Right For You?

Richard Ong / March 18, 2018 /

Tax Deductions

It's 2018, so it's too late to cut your 2017 tax bill…right? Wrong. If you qualify, you can deduct all or part of a contribution to a traditional IRA made before April 17, 2018 on your 2017 tax ...

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Miscellaneous Tax Deductions For 2017

Richard Ong / March 11, 2018 /

Tax Deductions

What do you call those deductible expenses that don't fit squarely into any other category? The IRS refers to them as "miscellaneous" expenses. If you qualify, you can deduct the excess above 2 ...

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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 ...

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Enhanced Medical Expense Deductions

Richard Ong / February 10, 2018 /

Tax Deductions

The new tax reform law — the Tax Cuts and Jobs Act (TCJA) — preserves the deduction for medical expenses, unlike many other itemized deductions. But that's only part of the good news for itemizers. ...

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2018 Tax Planning Opportunities

Richard Ong / February 03, 2018 /

Tax Deductions

Now that the massive new Tax Cuts and Jobs Act (TCJA) is finally the law of the land, what should you do? Every situation is different, but here are several practical suggestions for improving your ...

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