Tax Services 
Bailes & Co., P.C. is committed to providing sound tax advice and building strong personal relationships with our clients.  We want to help you stay in compliance with the law while paying the minimum amount of tax possible.

Our Approach
Bailes & Co., P.C. offers you complete advice on taxes.  Our approach to tax planning is the same as our approach to all of our professional services - it begins by talking with you to identify where you are today and where you want to be tomorrow - and then defines a plan to minimize the tax impact of decisions and to maximize your wealth.  We will also work with any of your other financial advisors so that we are able to provide you with a coordinated and integrated approach.

Tax Service for Businesses
We will engage you in annual planning that will include checking in with you periodically during the year to help you proactively manage your business tax implications.  The tax impact of every financial move you make is vitally important to your business and, we are always just a phone call away to discuss new opportunities as they arise.  Be sure and sign up for our monthly e-zine, Tax Tips. 

Tax Service for Individuals
Bailes & Co., P.C. will work with you and advise you of tax implications of contemplated transactions, like mortgage refinancing. We invite your questions throughout the year.  The most important thing we can do today is talk today and regularly throughout the year.  One way we do this is through our monthly e-zine, Tax Tips.  You will want to sign up for this!

Tax Service for New Business
We offer guidance in identifying the best type of entity to form when setting up a new business.  We can help with business taxes for complex financial and/or investment transactions and we offer business tax planning and guidance regarding business divestitures, mergers and acquisitions.

Tax Planning
Bailes & Co., P.C. offers year-end planning for businesses and individuals, including review of all pertinent new legislation and recommendation of tax-saving strategies and opportunities.

Tax Review
The U.S. tax code is thousands of pages long. Buried in those pages are hundreds of ways to pay less tax. Legally and legitimately. We consider it our duty to help you take advantage of every tax-saving opportunity possible.

Contact us about a tax review consultation appointment today by calling (903) 561-5859.

Our Tax Services

Business and personal taxes return preparation (1120S, 1120, 1065, 1040 including franchise and sales tax forms). Local, state and federal taxes. Payroll taxes (940, 941, W-2, 1099). Tax planning and problem resolution. Advising clients of tax matters that specifically impact their operational practices. Evaluating the effects of tax law changes and clearly communicating them to clients. Researching the tax ramifications of proposed transactions. Structuring personal affairs to reduce or defer taxes. Representation with any IRS audit.

Evaluating benefit plan options to determine the best way to meet cash needs at the time of retirement. Reviewing or establishing the most beneficial inventory and tax accounting methods. Estate, trust and gift tax planning to reduce estate and inheritance taxes, as well as administration expenses (706, 709). Planning for growth and expansion efforts (mergers and acquisitions, partnerships, business ventures and real estate transactions). Tax projections based on financial and investment alternatives. Fiduciary - 1041. Exempt Organization - 990.

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