Ong & Company Blog

When Disaster Strikes!

Richard Ong / August 14, 2017 /

Tax Deductions

August is the middle of hurricane season for the eastern and southern coasts. Other regions of the U.S. experience tornados, floods, and wildfires. If you're victimized by a natural disaster this ...

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Deducting Your Gambling Losses

Richard Ong / August 04, 2017 /

Tax Deductions

Gambling may not be for everyone but many people occasionally place wagers at the track or indulge in games of chance. You may be one of them. If you're lucky enough to hit a jackpot, or even if you ...

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Non-Cash Charitable Gift Deductions

Richard Ong / July 28, 2017 /

Tax Deductions

Do you own a prized piece of art that you'd like to donate to charity? If you meet the requirements for gifts of property, you may qualify for an enhanced tax deduction which could be a beautiful ...

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Should You Amend That Tax Return?

Richard Ong / July 21, 2017 /

Tax Planning

Suppose you just glanced at the 2016 tax return you filed in April and noticed an error or omission. Or maybe you remembered a deduction you neglected to include on your return from the prior year. ...

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Home Office Deduction Methods

Richard Ong / July 14, 2017 /

Tax Deductions

Do you work from your own home? If so, you may be entitled to deduct home office expenses on your personal income tax return. Taxpayers are sometimes hesitant to use this deduction, but the IRS ...

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New Research Tax Credit Benefits

Richard Ong / July 10, 2017 /

Tax Planning

After years of uncertainty, the Protecting Americans from Tax Hikes (PATH) Act of 2015 permanently extended a tax credit for research expenses for qualified small businesses. Generally speaking, the ...

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Taxation of Social Security Benefits

Richard Ong / June 30, 2017 /

Tax Planning

After paying taxes on earnings during your entire work career, you may finally be entitled to receive Social Security retirement benefits. But be aware that those benefits could come at a tax price. ...

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Client Spotlight: Emily Hart Bridal

Nick Ong / June 29, 2017 /

Client Spotlight

Local bridal boutique owner and designer, Emily Brown, of Emily Hart Bridal is giving back to those in need through her Hart for Humanity campaign while continuing to create memorable experiences for ...

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The Taxpayer Bill of Rights

Richard Ong / June 26, 2017 /

Tax Representation

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Five Summer Tax Breaks

Richard Ong / June 19, 2017 /

Tax Deductions

Now that summer has arrived, you may find opportunities to combine business activities with pleasure, which could result in tax breaks. Here are five of those potential breaks....

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