Drake Software blog for tax pros, covering tax, IRS news, and more
More than four out of five small businesses – including tax preparation firms and solo-practitioner CPA firms, have no plan for succession should the need arise. That’s according to a four-year study…
Small businesses are, according to the most recent data from the US Census Bureau, in serious trouble. The total number of business failures is now larger than the number of new business startups.…
In 2011, World at Work reported on a study by flexible office space company Regus documenting the fact that the majority of US professionals work during their vacations.A more recent study by PGi, a…
As everyone gets ready for another tax season, it’s important to find and utilize tools that simplify and streamline new and complex aspects of tax preparation. The Taxpayer Advocate Service on…
Read more about Ahead of the Curve: Predicting a Client's ACA-Related Taxes
It's the client most dreaded by tax preparers – the individual or small business manager who literally shows up to have their taxes prepared armed with only a boxful of receipts and unorganized…
The IRS recently released information pertaining to the Small Business Health Care Tax Credit, outlining the prerequisites for receiving the credit and which forms need to be filed.For a business to…
Yet another sign that the economy may be showing signs of recovery is the top concern of the majority of CPA firms – how to attract and retain qualified people as a foundation for growth. The…
If you’re running Windows 7 or later, you may have noticed a small logo appear in the taskbar (generally in the lower right corner of the screen). Click on the logo and you’ll be taken to a “Get…
You’ve heard the names of the top firms in tax preparation. The firms that have proven successful despite competition, ever-changing tax regulations, compliance requirements, and proposals for…
The purpose of this article is to explore the methods for analyzing cash-based businesses. We will explore techniques for uncovering unreported income. I will take you into the new digital world for…
