Bailey's Bookkeeping Services

04/18/2025

https://www.baileysbkpg.com/blog/why-gifts-to-employees-are-usually-taxable-what-every-employer-should-know

It’s always great to recognize your employees with a token of appreciation—whether it’s a holiday bonus, a gift card, or a performance reward. But before you hand out those goodies, there’s one important thing to remember: if it has a cash value, it’s likely taxable. Cash and Cash-Equivale...

04/18/2025

https://www.baileysbkpg.com/blog/employee-vs-subcontractor-whats-the-difference-and-why-it-matters

If you’re running a business or starting your freelance journey, it’s crucial to understand the difference between an employee and a subcontractor —not just for compliance, but for tax purposes, legal responsibilities, and how you structure working relationships. What Is an Employee? An empl

04/18/2025

https://www.baileysbkpg.com/blog/blog-post-every-small-business-needs-a-bookkeeper

Why Bookkeepers Are Important for Business Success

04/18/2025

https://www.baileysbkpg.com/blog/who-gets-a-1099-and-how-to-stay-ready-all-year-long

If you run a business or hire independent workers, understanding who should get a 1099 form is crucial. These forms aren’t just year-end paperwork—they reflect your responsibility to track and report non-employee payments to the IRS accurately. The good news? Staying on top of it all year can ma...

03/26/2025

03/20/2025

Need one?? I can help!