When it comes to retirement planning, it can sometimes help to think outside the box. That’s exactly what the subjects of this week’s article, accountant Angelyn Burke (one of our favorite kinds of people) and her husband Richard, did when they made the decision to retire on a cruise ship.

This week’s article highlights some key parts of the Ohio Revised Limited Liability Company Act which took effect on February 11th. It constitutes the biggest change to Ohio’s LLC law since its inception in 1994. It is a good starting point for LLC owners in understanding the biggest changes and offers key takeaways at the end to avoid any missteps in adjusting to the new rules.

For the tax nerds who love crime stories, this week’s article covers the 10 biggest IRS criminal cases of last year. From applying for 150 PPP loans to unlicensed cryptocurrency exchanges, there are some exciting cases here. Just don’t get any ideas - these people made the list because they got caught.

Just in case you need a reminder on how wonderful it can be to deal with the IRS, this week’s article goes through the experience of WSJ writer Laura Saunders waiting in line at the IRS for 5 and a half hours after being unable to reach them by phone and highlights the staffing and funding issues of the organization. It demonstrates one of the best parts of having an accountant: Someone to contact the IRS for you!

This brief article lays out the fundamentals of new Ohio legislation on what activities can receive overtime pay. The law went into effect on July 6th of this year. It is a good starting point for anyone who employs hourly employees or is one themself, especially if there is frequent overtime.

This year, Uncle Sam will take his cut of the past year’s earnings on May 17, slightly later than usual due to the COVID-19 pandemic. Many taxpayers are undoubtedly wondering how this year’s Tax Day will affect their finances, as a lot of people are struggling financially as a result of the pandemic.