Ong & Company Blog

Changes to the Requirements for Claiming Education Tax Credits and Deductions

Nick Ong / October 17, 2016 /

Education Tax Benefits

Do you have the receipt for your fall semester tuition? Keeping track of your tuition and other qualified education costs may be more important than ever. Several laws enacted over the past few ...

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Are your payroll records in order for year-end?

Nick Ong / October 15, 2016 /

Payroll

October is here! It is time to wave goodbye to summer and turn your attention to pumpkins, pies, and payroll reports. Here are three tasks to complete as the fourth and final quarter of 2016 begins....

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New Partnership Rules

Nick Ong / October 03, 2016 /

Partnership Rules

No one likes to hear "audit" and "IRS" in the same sentence. When the rules change, you need to be prepared — and change is definitely what has happened to IRS partnership audit rules. Here's an ...

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Client Spotlight: Enduralock

Zach Davis / September 30, 2016 /

Client Spotlight

Enduralock is turning heads in the aerospace industry after earning top marks at the Starburst Accelerator startup compeitition and being selected as a finalist in the LaunchKC startup competition. ...

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Is it time to update your trust?

Nick Ong / September 26, 2016 /

Estate Planning

Do you have trust issues? If you've established a trust as part of your estate plan, the answer may be yes — and you might be unaware of those issues. Fortunately, getting your trust back on track ...

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Mortgage Interest Deduction Limits

Richard Ong / September 16, 2016 /

Interpreting the tax code can be difficult, even for the IRS, and sometimes that means you can benefit. An example is the recent IRS acceptance of a court decision on the proper way to calculate a ...

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New Relief for Late IRA Rollovers

Richard Ong / September 09, 2016 /

Retirement Savings

Requesting forgiveness for an IRA rollover error may now be a bit simpler and less expensive, thanks to a recently-issued IRS procedure. If you inadvertently missed the 60-day time limit for making ...

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You Still Have Time to Establish a Retirement Plan for your Business

Nick Ong / September 02, 2016 /

Retirement Savings

The problem with time is that you always think you have enough. Fall is already here, and the time for establishing a retirement plan for your business is ticking down to the deadline. Here are two ...

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Client Spotlight: Prairie Fields Dentistry

Nick Ong / September 01, 2016 /

Client Spotlight

After working under some of the brightest minds in dentistry, Dr. Luke Wolniak channeled his passion and expertise into his own dental practice: Prairie Fields Dentistry, which celebrated its ...

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Gift & GST Tax Planning

Richard Ong / August 26, 2016 /

Estate Tax, Tax Planning

As you begin your estate planning, strategies for reducing estate tax may be first on your to-do list. Or perhaps you think the current $5.45 million exclusion, combined with portability of the ...

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