Mistakes are inevitable, so why not be prepared? Learn how you can be proactive by obtaining Errors & Omissions Insurance. Thanks to our friend Steve Ferguson from the Business Insurance arm of Protection Plus for his contribution to this article.…
Read more about Errors and Omissions Insurance for Tax Preparers
Electric cars are skyrocketing in popularity and the IRS has taken note. In 2024 they will update their EV tax regulations and the tax credit they offer to clean vehicle buyers. Read all about it in our latest blog post.…
Ready to take tax preparation to the next level? Learn our strategies for growth in our latest blog post. From leveraging cutting-edge tech to mastering marketing and client care, we've got your roadmap to growing your tax business covered.…
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.…
The IRS issues relief packages to areas that recently experienced natural disasters or events designated as disasters by the United States government. This blog post provides extension details and provides information on IRS legislature about filing tax returns in the wake of extreme weather or disaster incidents. Bookmark this post for updates!…
![Tax Year 2023 Desk Reference Guide [DOWNLOAD]](/media/3206/9481c1e4-2d43-4a20-b455-fbdf40abcd0d.jpg?anchor=center&mode=crop&width=1024&height=576&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=576&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]
