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Drake Software blog for tax pros, covering tax, IRS news, and more

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Cloud Applications and Remote Work for Tax Pros

Ryan Norton - November 19, 2021
Cloud Applications and Remote Work for Tax Pros

Drake Software and Right Networks are collaborating on this three-part series highlighting different software solutions available to tax professionals. In part three, we look at how cloud application hosting facilitates remote work.…

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Cloud Application Hosting and Data Security

Ryan Norton - November 11, 2021
Cloud Application Hosting and Data Security

Drake Software and Right Networks are collaborating on this three-part series highlighting different software solutions available to tax professionals. In part two, we look at how cloud application hosting handles data security.…

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Three Ways to Run Software for a Tax Practice

Ryan Norton - November 05, 2021
Three Ways to Run Software for a Tax Practice

Drake Software and Right Networks are collaborating on this three-part series highlighting different software solutions available to tax professionals. This week, we’re focusing on the ways you can run software in a tax practice.…

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Is Your Website ADA Compliant?

Ryan Norton - August 30, 2021
Is Your Website ADA Compliant?

Small businesses that make their website compliant with Americans with Disabilities Act standards could qualify for the disabled access tax credit.…

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Protecting Your Tax Practice from Phishing Scams

Ryan Norton - November 13, 2020
Protecting Your Tax Practice from Phishing Scams

Identity thieves who deploy phishing scams are quick to innovate, using popular communication platforms and current events to target victims where and when they are most vulnerable.…

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Tax Tips for New Business Owners

Bob Williams - August 28, 2019
Tax Tips for New Business Owners

Owning your own business can be a very rewarding experience. The process of starting a business, however, can seem overwhelming to the uninitiated.…

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Crossing the Digital Divide with Your Tax Practice

Ryan Norton - March 20, 2017
Crossing the Digital Divide with Your Tax Practice

For years, industry experts have been calling for tax professionals to use various hardware and software technologies – CRM tools, document management systems, workflow and productivity software, and paperless technologies – to stay competitive and profitable.…

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Part of the Sharing Economy? The IRS Has Tax Tips for You

Ryan Norton - September 12, 2016
Part of the Sharing Economy? The IRS Has Tax Tips for You

Last month, we looked at the legal dustup between ride-sharing company Uber and its contracted drivers and speculated on ways sharing economy businesses might affect tax preparation. One EA we…

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Summer Wedding? Time for a Tax Tune-up

Bob Williams - July 24, 2016
Summer Wedding? Time for a Tax Tune-up

If you’ve got clients who are getting married this summer, they may not have taxes on their pre-nuptial checklist. But once the rice is all swept away and the thank-you notes are written it may be…

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Business or Pleasure: Determining if Your Hobby is Considered a Trade

btallman - July 08, 2016
Business or Pleasure: Determining if Your Hobby is Considered a Trade

What is a Trade or Business?Simply put, a trade or business must satisfy the need to make a profit.  If you don’t plan to make a profit, then this is not a business, it is a hobby.  The reason for…

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