Ong & Company Blog

The Holy Grail of Tax Planning - HSA's

Richard Ong / August 17, 2016 /

Health Insurance

Before the advent of today's Health Savings Accounts (HSA's) created by Congress in 2003, taxpayers generally had three choices in deciding how to sst aside money for the future....

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Tax Favored Post Secondary Education Savings Plans

Richard Ong / August 12, 2016 /

Education Savings

Tax benefits of 529 plans extend beyond traditional colleges Is your child or grandchild pursuing educational goals after high school, though not at a traditional four-year college? If so, you may ...

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IRS Fighting Tax Fraud

Richard Ong / August 05, 2016 /

Tax Fraud

In tax law, new rules can seem arbitrary and annoying, especially when what used to take only a few steps now requires many more. But with financial crimes on the increase, recent changes to the way ...

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Client Spotlight: Autism From The Start

Nick Ong / August 01, 2016 /

Client Spotlight

In 2008, Dr. Michelle Macrorie returned to her hometown of Kansas City with her husband and two children with a goal of developing a practice that focused exclusively on serving children and families ...

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Refresher on IRA Rules

Nick Ong / July 30, 2016 /

Retirement Savings

In a tax environment where change is a constant, knowing that some rules remain the same can be a relief. For example, the tax rule that lets you make charitable contributions from your individual ...

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Health Insurance Tax Return Implications

Richard Ong / July 29, 2016 /

Health Insurance

The Affordable Care Act has been in place a few years now, and you've probably noticed that the tax reporting you have to do on your personal return depends in part on the way you obtain health ...

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Opportunities to Save More for Retirement

Richard Ong / July 15, 2016 /

Retirement Savings

You already know the tax benefits of making retirement plan contributions — your contributions offer the double benefit of tax deferral on asset growth inside the plan and a lower adjusted gross ...

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Making Extra Cash on the Side?

Richard Ong / July 08, 2016 /

Self Employment

Are you a first-time freelancer? Have you taken on temporary project- or contract-based work? Congratulations on becoming self-employed! If you didn't know this type of work is considered ...

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Unclaimed Property Rules

Richard Ong / July 05, 2016 /

Unclaimed Property

Does your company have a lost and found department? Does property you store there include uncashed checks, unapplied customer deposits, and credit balances in accounts receivable? You might not think ...

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Proper Classification of Nonprofit Workers

Nick Ong / June 27, 2016 /

Nonprofits

May is over and that's the end of your nonprofit organization's tax reporting responsibilities for the year...or is it? If you have employees, the answer is no, because you still need to file payroll ...

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