Reasonable Compensation for S Corporation Owners

It seems that some people still don’t realize that you need to have reasonable compensation as a “S-Corp” owner. Definition and IRS Scrutiny S Corporation owners who actively work in their business are required by the IRS to pay themselves a...

Children

I comment often that I get blog topics from conversations with my kids.  True when I think of them images from pre-school enter my mind first.  Granted they are all grown men. Now they read sources that I never heard of, they tend to avoid the mainstream media,...

Chicago Sports

A millennia ago when I was a mere youth, Chicago sports teams were on regular tv and free to watch and a part of everyone’s day.  Hell they even had catchy theme songs: “Here Come the Hawks”; “Hey Hey Holy Mackerel”; Na Na Hey Hey Kiss Him Goodbye”.. Now it...

Work till you drop

The situation may sound like bad luck, but it’s a reality for many older Americans. About 1 in 5 people over the age of 50 have no retirement savings at all, according to a recent report from AARP. This alarming statistic highlights a growing crisis in retirement...

Shrinking Middle Class

“The middle class has been declining — we just haven’t recognized it fully,” LISEP Chairman Gene Ludwig told CBS MoneyWatch. “It’s really dangerous because it’s the kind of thing that leads to social unrest, and it’s not fair....

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