Bailey, Smith & Associates, LLP is a full-service accounting, tax, and consulting firm, dedicated to serving individuals and small businesses in Dallas, Texas, and the surrounding communities. Founded in 2005, the firm was forged out of the friendship of founding partners Bill Bailey and Melynda Smith. Dually licensed in the state of Texas as CPAs and attorneys, our partners offer more than 50 years of collective accounting experience, 40 years of legal experience, and 30 years working together. This wide breadth of knowledge and experience has uniquely positioned us to provide you with comprehensive and seamless solutions for all of your personal and business accounting, taxation, and legal needs.
We operate our firm using the most advanced technology to provide clients with the convenience and ease of use required by today’s busy entrepreneurs and business owners. Our secure, online portals support real-time document exchange and 24/7 access to your financial data. And while we are proud to offer leading-edge technologically solutions, we are not so advanced as to have lost the human touch. We value personal relationships above all else, and will always put you first—making sure you feel comfortable, welcome, and appreciated.
Our trained staff understands the unique challenges that your professional service-based business faces. As your trusted advisors, we work with you throughout the year to evaluate...read more
Our firm is committed to helping you achieve financial success within your medical practice. Our skilled professionals have years of experience in providing...read more
Our firm specializes in serving the accounting, tax and financial management needs of law firms, lawyers, attorneys and all types of legal practices. We help legal firms...read more
On September 22, 2016, the IRS issued an alert warning taxpayers to be on guard for fake emails purporting to contain an IRS tax bill related to the Affordable Care Act (ACA). The email attachment is usually an IRS Notice CP2000. The fraudulent email and IRS Notice CP2000 usually have the following...
The IRS is sounding the alarm that certain taxpayers may experience delays in receiving refunds associated with the filing of their 2016 tax returns.
Those individuals who are claiming the Earned Income Tax Credit and/or the Additional Child Tax Credit will likely experience a delay in the receipt of their refunds especially if they file early in the season. New laws...
Beware of Back to School Phone Scams
The IRS has issued a warning to parents and students that scammers are engaging in a new telephone tax scam. The scammers call the parents and/or the student and make a demand for the immediate payment of non-exisent taxes such as a "Federal Student Tax". The scammers threaten to report the...