Drake Software blog for tax pros, covering tax, IRS news, and more
Some tax preparers glean more profit per client than others. It’s not just a matter of location or types of clients, though these may be important to the growth and future of the firm. Often, it is a matter of doing the right things at the right time ...…
Read more about The 10 Habits Of Highly Profitable Tax Preparers
The proposal intends to reduce the deficit by nearly $2 trillion during the next decade, through a combination of new revenues and budget cuts. The president says his proposed budget is not his ideal plan to cut the deficit, but...…
Since 1973, the Board of Tax Practitioners has protected Oregon consumers by ensuring tax preparers and consultants are competent and ethical in their professional activities. The board licenses about 4,400 tax practitioners in the state.…
Read more about Oregon Tax Preparers who Preyed on Immigrants are Shut Down...
According to the Obama Administration, the new steps will include increasing criminal sentences for those convicted of tax-related identity theft and creating new civil penalties for those who file fraudulent returns.…
US taxpayers were slightly less likely to face an audit last year, according to an analysis issued by the Transactional Records Access Clearing House (TRAC) at Syracuse University.…
Analysis by the Internal Revenue Service indicates that the error rate for individual tax returns has been cut by more than half. Last year, the IRS identified ...…
When taxes fall due on April 15, there is a very real question about how well the Internal Revenue Services – and more to the point, its servers – will be able to handle the traffic.…
The number of unemployed college graduates who move back in with their parents (or other family members) might be a little surprising.…
As tax preparers and accountants, many of us are busy helping our clients plan for their futures. However, we need to consider our futures as well. Take some time to consider what’s working and what’s not – not just in the way you’re managing your office, but in your marketing. What’s encouraging your clients to make that initial call to schedule an appointment?…
A list of proposed tax reform options was circulated to member of the US Senate Finance Committee and lobbyists this week. Most of the proposals contained in the nine-page draft were modest administrative changes, and included:…
