Bookkeeping

At John E. Bennett CPA, we’ve also carefully designed our services to adapt when you’re facing professional and personal life changes. This can include everything from selling your business to leaving it to a successor, marital status changes, and estate tax complications. Whether you’re a small business tycoon, individual taxpayer, or aspiring entrepreneur , John […]

At its core, a compensating balance is the minimum amount a borrower must keep in a designated account with the lender. Typically expressed as a percentage of the loan amount, this balance acts as collateral, mitigating the lender’s risk. While the borrower cannot freely use these funds, the lender earns interest on the full loan