Drake Software Blog Team

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.
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.
Ready to set up a successful social media strategy for your firm? In this post we review the essentials, from choosing the right platforms to avoiding those common slip-ups. Click here to read more.…
Read more about Mastering Social Media: A Guide for Tax Pros
Drake Software® is excited to introduce Drake Pay™, a payment integration solution that works seamlessly with Drake’s suite of software products. This solution allows our customers to accept payments…
Read more about Meet Drake Pay: an Integrated Payment Processing Solution
So you’re thinking about becoming a tax preparer. How much does it cost to file taxes, anyway? How much should you charge? What sort of schooling or credentials do you need to get? We answer these questions in our latest blog post on the steps to becoming a tax preparer.…
Read more about How to Become a Tax Preparer: Accreditation, Pricing, and More
Communicating with the Internal Revenue Service (IRS) can be a daunting task, especially when you're faced with time-sensitive questions or concerns for your clients’ taxes. Knowing how to reach out to the IRS for assistance is crucial for tax preparers seeking clarification or resolution to their issues. In this blog post, we will explore the three primary ways to contact the IRS and what steps to take if the standard systems don’t work.…
Read more about IRS Operation Hours: How to Reach the IRS and What to Do When You Can't
Name, Image, and Likeness (NIL) income, or income gained from personal brand influence, has opened opportunities for student-athletes in college athletics. With the additional income stream comes new tax implications, however, that many student-athletes have not previously encountered. Read the new blog entry to discover what this means for tax preparers and college sports.…
Read more about Name, Image, and Likeness (NIL) Income for College Athletes [DOWNLOAD]
The IRS has announced new penalty relief totaling around $1 billion to approximately 4.7 million individuals, businesses, and tax-exempt organizations. This relief is aimed at those who did not receive automated collection reminder notices during the pandemic, which were temporarily suspended in February 2022 due to the COVID-19 crisis. The latest blog entry covers the news and its importance to tax preparers.…
Read more about IRS Announces Penalty Relief for Nearly 5 Million Tax Returns
The Internal Revenue Service updated and modified guidance surrounding an assortment of clean energy credits and other provisions over the closing days of 2023. Some of the changes will be in effect next tax season, while other alterations will not be realized for a year or more. Here is a brief overview of what to expect on the clean energy front in the near future.…
Read more about IRS Updates Flurry of Clean Energy Provisions in Closing Days of 2023
As tax season gets closer, providing a tax documents checklist to your clients is extraordinarily helpful. Helping them gather the appropriate information before you begin preparing tax returns saves a good deal of time in the long run, building rapport with your customer base and easing your own workload. Read our blog post to find out more.…
Read more about Navigating Information with a Tax Documents Checklist
Tax season can be a daunting time for many individuals and businesses, and the Internal Revenue Service (IRS) understands the importance of providing accessible assistance to address your inquiries. To help you navigate the intricacies of tax matters, we'll guide you through the various channels available for reaching the IRS and obtaining the information you need. Our blog post gives you all the details.…
Read more about How to Contact IRS Agents as a Tax Professional
Navigating identification numbers may seem complex, but it's essential for tax preparation. This discussion aims to make things clearer, breaking down the terminology and explaining the importance of different tax ID numbers. Read this post to find out more.…