Ong & Company Blog

Avoid Tax on Required IRA Distributions

If you are an IRA owner, the IRS requires that you withdraw a minimum amount (RMD) from your IRA each year after your required beginning date. However, some IRA owners may not need the money or don’t ...

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Year End Business Tax Planning

10 tax-savvy business moves to make before 2019 Even though 2019 is just around the corner, you still have time to take action and save on your business tax bill. Here are 10 ideas to consider:...

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Year End College Savings Plan Reminders

Review your Section 529 plan now While school finances may be the last thing on your mind as you head into the holiday season, a review of your Section 529 education savings account now could save ...

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Business Data Security Requirements

Keep your business tax info safe Business taxes involve a lot of paperwork, and those papers typically contain a lot of personal financial information. Are you taking steps to make sure your records ...

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Payroll Reporting Reminders

Don't forget — October is the month for preparing third-quarter 2018 payroll reports. As you begin gathering the information you'll send to federal, state and local governments, check your compliance ...

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Should You Have A Health Savings Account?

Your health savings account refresher Health savings accounts (HSAs) have been around a long time, and little has changed since they were first introduced in 2003. They offer tax benefits, many of ...

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Do You Owe Back Taxes?

Richard Ong / September 27, 2018 /

Tax Representation

Owe money to the IRS? You may have options Are you up to your ears in tax debt or at odds with the IRS over your tax liability? You may have more payment options than you think....

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Simplified Employee Pension Plans

Small business owners: Consider an SEP One type of retirement plan that often fits the needs of small business owners is the Simplified Employee Pension (SEP). Typically, accounts are set up as SEP ...

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Client Spotlight: Leap Hospitality

Zach Davis / September 11, 2018 /

Client Spotlight

After questioning his decision to strike out on his own just a few short years ago, Pat Phelan has now built Leap Hospitality into a rising star in the hospitality industry....

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Can We Still Deduct Student Loan Interest?

Richard Ong / September 10, 2018 /

Tax Deductions

School yourself on the student loan interest deduction Although recent tax legislation has eliminated or scaled back many prized deductions for 2018 through 2025, it didn't touch the deduction for ...

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