Provide Payroll Services with Drake Accounting

Ryan Norton - December 15, 2022

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.…

IRS Pushes for More Phone Support, Hires 4,000 Customer Service Reps

Susannah Hornback - December 13, 2022

After the 2022 tax season found the Internal Revenue Service spread thinner than ever before, the agency is taking steps to ensure that the first few months of 2023 go far more smoothly.…

2022 Are You Ready for Filing Season? [Infographic]

Ryan Norton - November 29, 2022

Drake Software surveyed more than 1,900 tax pros to learn how they prepare for filing season. The 2022 Are You Ready for Filing Season? Infographic details the results, covering PTIN renewal, continuing professional education, tax-preparation products, office equipment, and more.…

E-File Employer Forms with Drake Accounting

Ryan Norton - November 23, 2022

Small-business clients are the cornerstones of many tax and accounting practices across the country. Having efficient, feature-rich accounting software can help you improve the quality of the service you provide and improve your bottom line.…

Drake Software 2022 How Do Your Tax Prep Fees Stack Up? [Infographic]

Ryan Norton - November 04, 2022

Drake Software surveyed 3,620 tax professionals to learn what they plan to charge for tax preparation services during the 2023 filing season.…

IRS Disaster Relief in 2022

Susannah Hornback - November 02, 2022

When disaster strikes, the government’s disaster-declaration process can help victims recover from financial losses. Governors in affected states submit a major disaster area request to the president through the Federal Emergency Management Agency (FEMA); if granted, one benefit victims receive is tax relief.…

Non-Filers Can Still Benefit from Several 2021 Credits

Bob Williams - October 26, 2022

The Internal Revenue Service estimates over 9 million people who failed to file a tax year 2021 return could qualify for tax credits. This is not the first time the IRS has notified non-filers that they could be eligible for tax credits: the agency alerted 9 million taxpayers about their potential eligibility for Economic Impact Payments in September 2020.…

Drake Tax Feature Spotlight: Search Data Entry with the Selector Field

Susannah Hornback - October 19, 2022

Preparing tax returns is hardly a linear process. With data cross-referencing itself throughout both current and prior-year returns, navigation tools are vital to an efficient tax-prep workflow.…

IRS Reminds Taxpayers of Disaster Extensions for Tax Returns and FBAR

Susannah Hornback - October 14, 2022

While Monday, October 17 is the deadline to file tax returns for those who requested an extension earlier this year, some taxpayers may have additional time due to military service or disaster assistance. Additionally, the FBAR deadline has been extended for some due to natural disasters.…

Storm Victims in North Carolina and South Carolina Get Tax Relief

Ryan Norton - October 14, 2022

The Internal Revenue Service this week announced tax relief for victims of Hurricane Ian who reside or operate a business anywhere in North Carolina and South Carolina. Like relief granted to storm victims in Florida, the agency is delaying several federal filing and payment deadlines.…