Drake Software blog for tax pros, covering tax, IRS news, and more
The Drake Software Blog Team is proud to cover the latest in tax-industry-related news, from tax law and IRS updates to technology and business strategies. Please subscribe to receive the most up-to-date news.
![Drake Software 2023 How Do Your Tax Prep Fees Stack Up? [Infographic]](/media/3249/blog-graphic-tax-prep-fees-infographic.png?anchor=center&mode=crop&width=1024&height=512&rnd=133479825420000000)
We uncover the newest industry insight on tax prep fees in our latest infographic blog post! Drake Software surveyed over 1000 tax preparers to discover their accepted payment methods, anticipated charges per form, pricing approach, and plans to modify fees. The responses also include demographic information and how it relates to these categories. Read our blog post to learn more!…
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It’s almost that time of year when tax professionals need to renew their Preparer Tax Identification Numbers (PTINs). This identification number expires annually on December 31st for paid tax professionals. Our blog post provides tips and tricks for PTIN renewal so you can hit the ground running for the new tax season.…
The IRS is updating regulations for tax forms and filing requirements. One such regulation establishes a new threshold for electronic filing of certain returns. This change has implications for employers and taxpayers alike, as it affects the way tax-related information is submitted to the IRS. In this blog, we discuss the details of this amendment, its significance, and how it may impact employers and taxpayers in the years to come.…
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Drake Software® Update Schools return this year in 4 U.S. cities plus our hometown of Franklin, NC! Experts from Drake Software will be sharing important updates with Users about what to expect in the 2024 Tax Season plus exciting new software updates. Read more in our latest blog post.…
Mistakes are inevitable, so why not be prepared? Learn how you can be proactive by obtaining Errors & Omissions Insurance. Thanks to our friend Steve Ferguson from the Business Insurance arm of Protection Plus for his contribution to this article.…
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Electric cars are skyrocketing in popularity and the IRS has taken note. In 2024 they will update their EV tax regulations and the tax credit they offer to clean vehicle buyers. Read all about it in our latest blog post.…
Ready to take tax preparation to the next level? Learn our strategies for growth in our latest blog post. From leveraging cutting-edge tech to mastering marketing and client care, we've got your roadmap to growing your tax business covered.…
![Tax Year 2023 Desk Reference Guide [DOWNLOAD]](/media/3206/9481c1e4-2d43-4a20-b455-fbdf40abcd0d.jpg?anchor=center&mode=crop&width=1024&height=512&rnd=133398658690000000)
We compiled a comprehensive desk reference guide that includes a wide range of commonly accessed tax information to help you navigate the busy tax filing season. Check out our new blog post and fill out the form to download this helpful tax resource.…
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In response to a growing number of fraudulent cases, the IRS is addressing improper ERC claims to safeguard businesses. As a tax preparer, your vigilance can help protect your valued clients from scams and penalties. Read more on our latest post!…
The IRS plans to move its audit spotlight from the working-class individual taxpayer to those engaged in high-income activities, partnerships, large corporations, and promoters pushing schemes that abuse the tax laws. All changes are meant, the IRS says, to help restore fairness in the American income tax system. Click on our new blog post for the latest tax news.…
Read more about IRS Shifting Audit Focus Toward More High-Income Taxpayers
