Ong & Company Blog

Holiday Season Tax Planning

Richard Ong / December 09, 2017 /

Tax Deductions

As the year-end holidays approach, add some tax cheer for 2017. In fact, you can still make timely tax moves as late as the last week of the year. Consider these five tax-saving stocking stuffers....

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Itemized Deduction Tax Planning

Richard Ong / December 04, 2017 /

Tax Deductions

Tax reform talk is heating up again as legislators discuss the proposed tax code overhaul. One of the key proposals would repeal most itemized deductions currently on the books. Although enactment is ...

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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 ...

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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 ...

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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....

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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. ...

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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 ...

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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 ...

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Home Improvement Medical Deductions

Richard Ong / October 30, 2017 /

Tax Deductions

Are you planning to make substantial home improvements in the coming year? Normally, you can't deduct home improvement expenses on your personal tax return. However, you may be able to deduct the ...

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Deduct Property Easements for Charity

Richard Ong / October 23, 2017 /

Real Estate

Do you own real estate property far from the suburban sprawl? If you donate a part of the property as a "conservation easement" to a qualified charity you can realize a big tax deduction without ...

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