As the first quarter of 2023 draws close, many business owners and office managers ask themselves the same question: How do I navigate closing out my financials? Those unfamiliar with this process may feel overwhelmed with where to start and what numbers to look for. But, have no fear! With a few easy steps, you […]

As a business owner or office manager, you’re responsible for the business’s financial integrity. To that end, a helpful guide on how to close the books and complete year-end financials for 2022 would probably come in handy. Whether you’re doing it yourself or working with an accountant, this article will help ensure that your finances […]

Tax preparation can be a daunting task for many people. From collecting the necessary information to understanding the changing tax laws, it’s easy to become overwhelmed when preparing your taxes. Fortunately, there are professional tax preparers who can help make your experience smoother and more stress-free. Let’s consider how you can maximize your time with […]

If you’re like most small business owners, you probably don’t have time to keep up with all of your bookkeeping and tax paperwork. That’s where Bayou Bookkeeping & Tax Services can help. We offer a variety of membership packages that work with a variety of business types and sizes. This post provides five reasons businesses […]

Small businesses must contend with various challenges to success. First, entrepreneurs face economic, supply chain, and regulatory compliance issues. Additionally, you must determine where and how to focus on required tasks, such as HR management, payroll, and tax services. What do these tasks entail, how much time do they require, and does it make sense […]

What happens when the IRS finds an inaccuracy on your return? Mistakes are a fact of life – even mistakes on taxes – and the IRS recognizes this. After all, taxes are complicated and leave room for error and misunderstanding. Nevertheless, mistakes can be costly or, even worse, lead to tax fraud charges. In this […]

GAAP stands for generally accepted accounting principles. GAAP is the basis for accounting rules, policies, and procedures. While GAAP rules apply to many things, one area includes accounting procedures. In other words, businesses can choose from three main types of methods to run the business. In this post, Bayou Bookkeeping & Tax Services explains each […]

Small businesses face many challenges. As it so happens, most challenges seem to be financial in nature. Or, at least the challenges faced present financial risks and repercussions. Bayou Bookkeeping & Tax Services supports small businesses daily with professional bookkeeping and financial services. Consequently, we keep a finger on the pulse of what keeps business […]

Small business ownership is part of the American Dream. Starting a business in the U.S. contains fewer barriers to entry than in any other county. Still, nuanced requirements, laws, and regulations exist. Even seemingly simple processes include various elements. For example, one area that provides multiple aspects is payroll and taxes. Keep reading to learn […]

As a nonprofit, your time and resources are limited. As a result, you need to focus on your mission and serving your community, not on administrative tasks. Did you know that farming out some of your financial processes can help you free up time and energy to focus on what you do best? In this […]