Every year, the New York State Society of CPAs surveys its membership to learn what those who prepare tax returns think about the performance of their practice management and tax preparation tools. Unsurprisingly, the authors found that the pandemic continued to cast a shadow over filing season, specifically highlighting trouble resulting from the IRS backlog.…

Read more about Drake Tax® Wins 3 Categories in Survey of New York State CPAs

As we make our way through cold and flu season, maintaining timely service while being sympathetic to clients’ health needs and preferences is crucial. Masking and social distancing can be helpful while indoors, but how do you serve clients who need to meet virtually for their own comfort?…

Read more about Tax Clients Concerned About Germs? Go Virtual with DrakePortals®

In 2022, email inboxes are inundated with phishing scams. For most people, one wrong click can result in a stolen identity or lost access to important files.…

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From initial client setup to posting transactions, professional accountants need simple, efficient software that helps address each client’s unique financial circumstance. Drake Accounting was designed from the ground up to streamline accounting workflow and provide convenient customization options.…

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In 2022, the Internal Revenue Service faced a historic backlog of unprocessed tax returns that the Department of Treasury attributed to underfunding and pandemic-related challenges.…

Read more about 2022 Tax Filing Statistics [Infographic]

Californians have been battered by torrential rains and flooding from a recent series of storms. To help victims recover, the Internal Revenue Service recently announced tax relief for federally declared disaster areas in the state.…

Read more about California Storm Victims Get Tax Relief

The wait is over for tax professionals eager to learn when the 2023 filing season will begin. Today, the Internal Revenue Service revealed they will start accepting and processing individual returns on January 23, 2023. The federal tax agency reassures that the service it provides this year will be improved by the recent hiring of more than 5,000 telephone and in-person staff.…

Read more about 2023 Filing Season Begins January 23

High gas prices have understandably made plug-in electric and fuel cell vehicles more attractive in recent years. While a provision in the Inflation Reduction Act of 2022 is designed to make the switch less of a financial burden, there is confusion surrounding some of the new requirements for the Clean Vehicle Credit.…

Read more about IRS Addresses Final Assembly, MSRP Requirements for Clean Vehicle Credit

Of all the factors that go into choosing tax software, one of the most important is support for state tax forms that apply to your clients. Drake Software is proud to announce the latest Drake Tax state form updates that will help tax professionals better serve clients in the 2023 filing season.…

Read more about New State Forms Added to Drake Tax

Many tax offices first dabble in accounting services by providing payroll for existing business clients. This transition is built upon the trust established by years of positive results, and it is an opportunity to grow the tax practice in a meaningful way. Whether entering the market for the first time or having provided these services for years, you need a dependable, flexible payroll solution.…

Read more about Provide Payroll Services with Drake Accounting