Author: Service2Client

What Seniors Actually Got in the Latest Tax Bill

Campaign messaging would have you believe retirees just scored a major victory. The talking point is everywhere: Social Security benefits are now tax free. But anyone who reads the One Big Beautiful Bill Act will discover something…

Defining An Activity Cost Driver

An activity cost driver is anything that causes a company’s variable costs to either reduce or grow. Since measuring an activity cost driver is a way to streamline the administration of managing production costs, it’s…

Accounting for Net Charge Offs

When it comes it understanding a net charge-off (NCO), it’s the difference between any recovery of delinquent debt and gross charge-offs a business sees in a defined accounting time frame. NCOs are debts a company projects…

Long Term Care Insurance Options

In 2024, the median household income in the United States was $83,730. However, the national average annual cost of 24-hour paid long-term care (LTC) for a retiree age 65 and older was more than $125,000, according…

5 Rules for Giving to Charity

Giving to charity is good for a couple of reasons. First, giving to organizations you believe in is intrinsically good – for them and for you. When we give, the “love hormone” oxytocin is released. Second…

 
 
 
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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