Ong & Company Blog

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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Happy Tax Day!

Richard Ong / April 17, 2018 /

Tax Planning

Tick, tick, tick … the deadline for filing your 2017 tax return is rapidly approaching. The traditional due date is April 15, but you technically have until April 17 to file your 2017 return. Why? ...

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New Tax Breaks for Businesses

Nick Ong / February 18, 2018 /

Tax Planning, Tax Deductions

The Tax Cuts and Jobs Act (TCJA) does much more for businesses than lower corporate tax rates. With careful planning, your small business may realize big tax benefits under the new law. Here are ...

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Year-End Tax Tips for Individuals

Richard Ong / November 11, 2017 /

Tax Planning

Under the tax reform plan recently announced by the Trump administration, most itemized deductions would be eliminated, except those for charitable donations and mortgage interest....

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Year-End Business Tax Planning Moves

Richard Ong / November 06, 2017 /

Tax Planning

Some tax planning moves for small businesses are more common, like acquiring property that qualifies for the generous Section 179 expensing allowance. But other strategies may fly under the radar. ...

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Business Tax Credit for Disability Access

Richard Ong / September 22, 2017 /

Tax Planning

Are you upgrading the offices or workspace of your small business? This may be an opportunity to make improvements to accommodate individuals with disabilities (including your own employees and ...

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Dependent Care Tax Credits

Richard Ong / September 15, 2017 /

Tax Planning

A couple can claim the Child and Dependent Care Credit — commonly called the "child care credit" for short — if they pay someone to watch the kids while they're at work. But suppose one spouse plans ...

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Tax Advantages of Municipal Bonds

Richard Ong / August 21, 2017 /

Tax Planning

In today's tax environment, nothing is certain. However, as things stand now, high-income taxpayers may continue to value municipal bonds ("munis") and muni bond funds. Just consider these four tax ...

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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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