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.
Today, tax preparers operate within an increasingly complex and perilous cybersecurity context. These challenges not only threaten the integrity of your practice, but also put your clients' financial well-being at risk. At Drake Software®, we recognize the gravity of these threats and are committed to providing you with the knowledge and tools necessary to fortify your practices. As we delve into this topic, we will examine prevalent threats, share foundational best practices, and outline critical strategies to help you implement a digital shield around your business.…
![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.…
Read more about Tax Year 2023 Desk Reference Guide [DOWNLOAD]
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
Gain insights on client acquisition strategies for tax preparers on our new blog post! Discover tips on understanding your client base, offering specialized services, and perfecting your marketing game. Stay ahead in the world of tax prep with Drake.…
![2023 Virtual Currency Survey Results [Infographic]](/media/3202/drs-6956_2023_infographic_virtual-currency-survey-blogimage.jpg?anchor=center&mode=crop&width=1024&height=512&rnd=133391814520000000)
The intersection of virtual currency and taxes is a crucial topic for preparers and investors alike. Drake Software surveyed over 1,990 tax professionals, delving into several critical aspects of virtual currency and its implications on tax matters…
Read more about 2023 Virtual Currency Survey Results [Infographic]
Master client relationships, market your expertise, and scale your practice as a tax professional. Dive into our latest blog for insights that pave the way for a thriving career in the world of finance. Your journey to becoming a trusted advisor starts here, with Drake Software.…
Check out today’s blog! Matt Jagst, Drake Software Head of Product, shares his perspective on recent findings from a Drake Software survey of tax professionals. In this survey, tax professionals were asked to share their experience working with clients in an environment that continues to lean toward contactless services after the events of 2020 and a reliance on evolving technology. If you missed our survey, we would love to hear your thoughts in the chat below!…
The IRS continues the push toward an all-electronic filing future by moving Form 8300 to e-filing starting January of 2024. Read our latest blog post for important information on changing requirements.…
Read more about Form 8300 to Shift to Electronic Filing Platform
Define your purpose in your tax preparation services with a compelling mission statement! Our latest blog post shows tax pros how to craft mission statements that resonate. Check it out now!…
Read more about Mission Statement for Tax Preparation Businesses
