Bailey's Tax Service and Bookkeeping

Bailey's Tax Service and Bookkeeping We can help you with your federal, state or local tax returns. Do you need bookkeeping or payroll?

02/26/2026

The unfortunate truth of owning and running a business.
Running a business is really hard.
What they don’t tell you is that it can cause severe stress and anxiety, and drains you mentally to the point of depression in even the most laid back people.
People will talk about you, compare you to others, use you, they will view you as a service and not a person anymore.
Friends and family will expect discounts and people will value you and your hard work less than a big chain store.
You have to worry about if you forget to email/message someone back, are they going to think it was on purpose? Did you disappoint them? Will they hold that against you? When in reality you just can’t get to everyone’s messages and emails.
Starting up and running a successful business puts incredible strain on personal lives and relationships, many of which fail because there is just often no work life balance. You need to be the director, the worker, the admin, the marketing team, the accountant, the cleaner..... All whilst being a parent, a husband or a wife, family support, friend...
There’s a reason you don’t see many people succeed in small businesses after 5-10 years. If they are successful they are overwhelmed. It takes a toll. It’s freaking exhausting. Especially the past couple of years when so much has been out of our control.
Here’s a small reminder that we are just normal people with hectic lives. Be kind, be patient, support small businesses…….and hopefully more of us will stick around!
I copied this from another small business owner that I support and they support us.

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01/29/2026

If you worked overtime, your W-2 might be telling half the story 👀
Bring your last paycheck stub so we get it right.

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01/29/2026

Being ghosted is for dating apps, not tax appointments 👻📊
Can’t make it? Call and let us know!

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01/29/2026

No-show = 😢
Quick call = 😊
Help us help everyone!

We have people on waiting list please let us know if you can not make it so someone else can take that spot.

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01/19/2026

Friendly Reminder!

The IRS will not be transmitting 2025 returns until Jan. 26th

01/15/2026

⏱️ “No Tax on Overtime” Deduction (2025–2028)

Beginning in 2025, taxpayers who earn qualified overtime pay may be eligible for a new tax deduction. This allows you to deduct the portion of overtime pay that exceeds your regular hourly rate (such as the “half” in time-and-a-half), as long as it is required under the Fair Labor Standards Act (FLSA) and reported on a W-2, 1099, or other approved statement.

💰 Deduction Limits
• Up to $12,500 per year
• $25,000 for married couples filing jointly

📉 Income Limits Apply
• Deduction phases out for income over $150,000
• $300,000 for joint filers

📌 Who Can Claim It

• Available whether you itemize or take the standard deduction
• Must include your Social Security number on the return
• Married taxpayers must file jointly to claim the deduction

📞 Want to know if your overtime qualifies?

Contact us today to schedule your tax appointment!

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01/15/2026

👵👴 New Senior Tax Deduction (2025–2028)

Starting in 2025, individuals age 65 and older may qualify for a new additional $6,000 tax deduction — on top of the existing senior standard deduction.

✅ $6,000 per eligible individual
✅ $12,000 for married couples if both spouses qualify
✅ Available whether you itemize or take the standard deduction
✅ Applies to tax years 2025–2028

📌 Income Limits Apply
• Phases out for income over $75,000
• $150,000 for married filing jointly

📌 Eligibility Requirements
• Must be 65 or older by the end of the tax year
• Social Security number must be included
• Married taxpayers must file jointly to claim the deduction

📞 Have questions or want to see if you qualify?

Schedule your tax appointment today!

Send a message to learn more

01/15/2026

🚗 New Tax Deduction Alert (2025–2028)

Starting in 2025, taxpayers may qualify for a New Car Loan Interest Deduction!

✅ Deduct up to $10,000 in interest paid
✅ Applies to new, personal-use vehicles
✅ Vehicle must be U.S.-built
✅ Loan must be originated after December 31, 2024
✅ Can be claimed even if you take the standard deduction

📅 Available for tax years 2025 through 2028

Have questions or want to see if you qualify?

📞 Schedule your tax appointment today!

Send a message to learn more

01/15/2026

Tax Time Reminder!

New credits for 2025 mean we’ll need your last paycheck stub of the year when filing your taxes.

Bring it with you so we can take care of everything smoothly! 😊

Book your appointment today!

Send a message to learn more

04/23/2025

1) Subject: A Heartfelt Thank You After Tax Season

Dear Valued Clients,

As we wrap up another tax season, I want to take a moment to express my heartfelt gratitude to each of you. It's hard to believe how long we've been on this journey together, and I am truly appreciative of the trust you and your families have placed in us for your financial needs.

I sincerely believe that I have some of the best clients in the world. While it's a relief to have this season behind us, I am always looking forward to the next one.

Thank you once again for choosing us to be a part of your financial journey.

(2) Subject: A Special Thanks to My Incredible Team

Dear Team,

I want to take a moment to express my heartfelt gratitude to each of you. I am fortunate to have a group of the strongest women I know working alongside me. I truly could not do my job without each and every one of you.

This job is not for the faint of heart, and each of you represents a vital link in our chain that I could not do without. Your hard work, dedication, and resilience are what make our team exceptional.

I love and appreciate every one of you, and I look forward to growing together and making our office even better than it is now.
Thank you for everything you do!

(3) Subject: Updates on Your Tax Returns

Dear Valued Clients,

As we wrap up this tax season, I want to acknowledge the mad rush we experienced at the end with late returns. After a significant push to meet deadlines, my body insisted on taking a rest, and today marks my first day back.

We are working through things as quickly as possible, and I kindly ask for your patience during this time.

In the last couple of weeks, we received several drop-offs for which we have filed extensions. We will process these in the order they were received. Please rest assured that we have not forgotten you, and we are committed to finishing your returns as promptly as possible.

I would like to remind you that our office has been open since January 2, 2025, working at least ten to twelve hours a day, six, and sometimes seven days a week, until April 16, 2025.

While we will continue to work diligently on your returns, we are now operating on off-season hours: Tuesday through Thursday, from 10 AM to 6 PM.

If you need to contact us, please do so during these hours at 812-725-8100 or via email at [email protected].

My personal cell phone is set to "Do Not Disturb" during my time off, so to ensure your needs are met, please reach out through one of the options provided.

Thank you for your understanding and support.

Warm regards,

Annette

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04/04/2025

Our power is out!!! We will be closed for the rest of today sorry for any inconvenience!!!

Address

824 University Woods Drive, Ste 13
New Albany, IN
47150

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6am
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm
Saturday 10am - 4pm

Telephone

+18127258100

Website

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