Ong & Company Blog

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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Vehicle Tax Deduction Alternatives?

The tax dilemma for business drivers If you use a vehicle for business driving, you have a tax choice: deduct your actual expenses or use an IRS-approved standard mileage rate. Frequently, the actual ...

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Do You Have a Home Office?

How to preserve your home office deduction Do you work from home? Frequently, you can qualify for home office deductions offsetting taxable income from a sole proprietorship or other small business. ...

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Tax Favored Education Savings Plans

Saving for school? Check out the updated 529 plan Now that your teens are heading back to school this fall, it's a good time to start planning for their higher education. That means you may be ...

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Tax Benefits of Summer Camp For Kids

Are you sending your kids to summer camp while you and your spouse work? Not only will your kids enjoy it, you will also when you see the potential tax break. If certain requirements are met, the ...

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100% Deduction For Company Outings

Have you planned a summer outing for your employees? It might be a picnic or barbecue for the Fourth of July. Despite recent tax law changes eliminating most entertainment and meal deductions, your ...

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Business Education Tax Breaks

Maybe you feel the need to brush up on your skills in your particular line of work. One option is to take a refresher course at a local college this summer. What makes it even more enticing? You may ...

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Primary Home Sale Tax Exclusion

Richard Ong / June 08, 2018 /

Real Estate, Tax Planning

How to lock down the home sale exclusion Good news if you're selling your home: The home sale exclusion wasn't touched by the massive tax law changes. Arguably one of the biggest tax breaks to be ...

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