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 […]

It seems the entire global population is ready to shut the door on 2020 and move forward. The year started with impeachment, moved on to COVID-19, and gathered steam with murder hornets and civil unrest. Like you, Bayou Bookkeeping and Tax Services is ready for a new chapter. But first, we and the clients we […]