As the year’s first quarter wanes, prepare for tax season by taking stock of your financial standing. For businesses and individuals alike, diligent bookkeeping lays the foundation for informed decision-making and smooth sailing. At Bayou Bookkeeping and Tax Services, we understand the significance of this pivotal time, so we’re here to guide you through closing […]

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 […]

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 […]

The older you get, the faster time flies. It seems like last tax season just ended, yet here you are again. This time of year brings pressure to make numbers, close the books, produce financial reporting, and limit tax liability for business owners. With the first quarter of 2022 complete, now is the time to […]

It’s that time of year again! Tax return season is upon us. The Bayou Bookkeeping & Tax Services team wants to help you make this process easier and more efficient, so we compiled some tips. This post covers how to properly finalize your financial statements in preparation for your tax returns.

As we near the end of the first quarter, it’s time to close the books on 2021. This process can be daunting for business owners, but it doesn’t have to be. Here at Bayou Bookkeeping & Tax Services, we want to help you finalize your previous year’s transactions/journal entries, finalize your financial statements, and close […]

Each new year brings the opportunity to take a look back and reflect on the previous year. Then, you look ahead and consider what changes to make and how to improve. The act applies to business financial strategy as much as personal choices. If you haven’t already, now is the time to wrap up year-end […]

Another year and another chapter are about to close, and you know what that means. It’s time to put a bookend on 2021 finances. Before you know it, 2022 will be here, which means your focus should be on financial forecasting and goals. But first, you’ll want to perform your 2021 tax filing. In this […]

Do you ever feel like tax time comes around and finds you scrambling to remember what you need to gather so that your accountant can file your business taxes? At Bayou Bookkeeping & Tax Services, we understand. Therefore, we’ve compiled a list of all the final documents for your business tax return. Fortunately, these items […]