Author: Service2Client

Responsibilities of Being the Executor of a Will

The appointed executor of a will is the person responsible for paying the debts and taxes of the will’s owner once he dies and then distributing what is left in the estate to named beneficiaries according to instructions…

How to Navigate Money Before Saying ‘I Do’

According to a Bankrate Financial Infidelity Survey, 28 percent of couples said they considered financial cheating as bad as physical cheating. Furthermore, money is one of the top reasons for divorce, says Rahkim Sabree, counselor…

Why AI Falls Short for U.S. Tax Guidance

The rise of artificial intelligence tools like ChatGPT and Grok has transformed how Americans seek information. From meal planning to complex financial questions, these…

Understanding the Goodwill to Assets Ratio

The goodwill to assets ratio measures how much of a company’s total assets come from goodwill – an intangible asset like brand value or customer loyalty – and it plays a role in assessing the company’s overall value. It…

Decoding Net Realizable Value (NRV)

Whether it’s maintaining compliance with accounting standards or ensuring asset values are not overvalued for internal stakeholders or external existing or potential new investors, looking at net realizable…

Cash Flow Available for Debt Service (CFADS)

When it comes to the risk of default, Moody’s found that during Covid-19, American businesses had a 7.8 percent chance of defaulting. This is compared to a low of 4 percent in 2021, but lower than the current 9.2 percent risk of…

Financial Implications of Marriage

Marriage isn’t just about two people who fall in love and choose to spend the rest of their lives together. It is also a contract. And while that contract might not be forever binding, marriage does come with certain financial and…

 
 
 
Biermann Straatmann P.C. that provides a wide variety of accounting, tax and financial management services. Most of our clients are located in the cities of Dallas. We service clients in many counties.
 
 
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