In this second installment of our overview of the 2024 Dirty Dozen, we look at the stern warnings issued by the IRS regarding scammers who promote schemes designed to evade taxes, scams targeting the wealthy, and dubious social media advice. Continue reading to help prepare your practice against tax scams and schemes.…

Read more about Tax Fraud and Scams Online and Offshore: The IRS Dirty Dozen, Part 2

The IRS issues relief packages to areas that recently experienced natural disasters or events designated as disasters by the United States government. This blog post provides extension details and provides information on IRS legislature about filing tax returns in the wake of extreme weather or disaster incidents. Bookmark this post for updates!…

Read more about IRS Disaster Relief

What did your peers in tax prep have to say about the 2024 filing season? More than 1,200 tax professionals provided feedback in the most recent Drake Software® survey.…

Read more about How Did Your 2024 Filing Season Go? [Infographic]

In the highly competitive tax preparation industry, staying ahead of the curve is not just about keeping up with the latest tax laws and software. It requires a nuanced understanding of client needs and preferences. By leveraging this understanding, tax preparers can adapt their strategies, differentiate their services, and maintain a competitive edge in the industry. Here’s how:…

Read more about Staying Ahead of the Tax Preparation Competition

The Internal Revenue Service (IRS) has announced the agenda for the 2024 Nationwide Tax Forum, which will feature 45 seminars aimed at enhancing the skills of tax professionals. This year's forum, which includes contributions from the IRS and leading tax associations, will cover a broad spectrum of topics designed to help tax professionals better serve their clients. Continue reading for more information on this topic.…

Read more about IRS Unveils 2024 Nationwide Tax Forum Agenda with 45 Seminars

We're thrilled to announce an exciting enhancement to payment management in Drake Accounting: Drake Pay integration. Continue reading for the full update.…

Read more about Drake Pay™ Now Seamlessly Integrated into Drake Accounting®

Consistency and reliability are paramount in the world of tax and accounting software—and with the publication of the 2024 CPA Practice Advisor Readers’ Choice Awards results, Drake Software has good reason to celebrate. Read the full post to learn which categories Drake Software won this year.…

Read more about Drake Software® Wins Again in CPA Practice Advisor Awards

In an increasingly digital world, the landscape of tax preparation is evolving rapidly, with technological advancements offering convenience and efficiency to both tax professionals and their clients. However, this shift towards digitalization also brings about new challenges and risks, particularly in terms of cybersecurity. Read more from our free download resource.…

Read more about 10 Cybersecurity Practices for Tax Pros and Taxpayers [DOWNLOAD]

As the tax season comes to a close, tax preparers often find themselves catching their breath after the flurry of activity. It's a time to reflect on the past months' work, evaluate successes and challenges, and consider how to improve for the future. Tax preparers can use end-of-season surveys, comprehensive reviews, and staffing evaluations to set their practices up for success. Continue reading for all our strategy suggestions.…

Read more about Supercharge Your Tax Practice with End-of-Season Strategies

The Internal Revenue Service (IRS) recently launched its annual Dirty Dozen list, highlighting the most prevalent schemes aimed at stealing personal and financial data. To review this list of fraudulent activity, we will look at six of the twelve scams in detail. Click the article to read more.…

Read more about Protecting Your Clients and Yourself: IRS's Annual Dirty Dozen Scams, Part 1