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

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2016 Foreign Tax Issues – Part II

Taxing Subjects - June 30, 2016
2016 Foreign Tax Issues – Part II

The following is the second installment in a two-part series by regular Taxing Subjects contributor Ben Tallman. While Part I looked at  Foreign Bank Account Reporting (FBAR) and FATCA in detail, Part…

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2016 Foreign Tax Issues - Part I

Taxing Subjects - June 24, 2016
2016 Foreign Tax Issues - Part I

The following is a two-part series by regular Taxing Subjects contributor Ben Tallman, who provides insight into foreign tax issues. Part I describes Foreign Bank Account Reporting (FBAR) and FATCA in…

Read more about 2016 Foreign Tax Issues - Part I

Military Tax Strategies

Taxing Subjects - June 10, 2016
Military Tax Strategies

As we watch the evening news, we see our fighting men and women of the Armed Forces in combat areas far from home.  The reports can fill us with a myriad of emotions, like patriotism, compassion,…

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Reduce Stress During Tax Season

Taxing Subjects - April 06, 2016
Reduce Stress During Tax Season

Stress can worsen or increase the risk of conditions like obesity, heart disease, premature aging, Alzheimer's disease, diabetes, headaches, depression, gastrointestinal problems, and asthma. For tax…

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Turning Customers into Clients

Taxing Subjects - April 05, 2016
Turning Customers into Clients

For most tax preparation firms, success means attracting more business from taxpayers, expanding the number of services offered, and converting customers into clients. Though we tend to use the terms…

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Things Your Tax Practice Doesn't Need

Taxing Subjects - April 03, 2016
Things Your Tax Practice Doesn't Need

The quest for success in all businesses is a complex mixture of greater efficiency, greater creativity, better marketing and better management. The role of technology in this mixture has generally…

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Using LinkedIn to Build Your Practice and Brand

Taxing Subjects - April 01, 2016
Using LinkedIn to Build Your Practice and Brand

Are you looking for new and affordable ways build your practice and your brand?  One good place to start is LinkedIN, the world’s largest professional network on the Internet. While many small…

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Fighting Identity Theft During Tax Season

Taxing Subjects - March 24, 2016
Fighting Identity Theft During Tax Season

Tax-based identity theft is bad, and it’s getting worse.After only a quarter of the way through this year’s tax season, the rate of identity theft increased by 400% over last year. Phishing and…

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Ten Ways to Compete With the National Chains

Taxing Subjects - February 29, 2016
Ten Ways to Compete With the National Chains

H&R Block is giving $1,000 to 1,000 of its clients every day. Jackson-Hewitt is paying its clients with a $50 American Express card. Liberty Tax offers a $50 cash payment to use its services, along…

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Cash Flow Management for Tax Preparers

Taxing Subjects - February 24, 2016
Cash Flow Management for Tax Preparers

In many respects, management of cash flow for a tax preparation firm is easier than for many types of small business.  There is no inventory of goods to tie up cash.  Payment for services occurs at…

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