Drake Software blog for tax pros, covering tax, IRS news, and more
Amid the ever-changing rules and regulations within the tax industry, we at Drake Software understand the importance of consistency and routinization to aid tax preparers in their roles. To achieve…
After a few years of delays, the reporting threshold for third party settlement organizations (TPSOs) reported on a Form 1099-K has officially dropped in 2025.…
As a tax professional, upcoming changes can be a bit confusing and maybe even stressful. However, understanding these changes now can help reduce uncertainty in the future.…
Read more about Recent IRS Changes for Tax Year 2025: Tips for Tax Professionals
Cyber threats are on the rise, and protecting sensitive information has never been more critical. At Drake we continue to monitor for scams and bring you the latest cyber news to help keep you informed. Read more.…
Read more about Protect Your Account: Recent Tax Fraud Scams
The IRS has announced tax relief measures to support affected individuals and businesses. This article outlines the disasters and the corresponding tax relief provisions.…
Discover effective client retention strategies for tax pros, from personalized service to leveraging technology. Keep clients satisfied year-round.…
Read more about 5 Tips for Tax Pros: Client Satisfaction and Retention
From cryptocurrencies like Bitcoin to NFTs and other blockchain-based tokens, digital assets present unique challenges—and opportunities—in tax compliance. Staying informed about digital assets and how they are treated for tax purposes is vital for tax professionals to serve their clients effectively.…
Read more about Help Clients File Digital Asset Taxes with Confidence
There are significant tax relief measures for individuals and businesses affected by wildfires and straight-line winds in southern California. Learn more about these measures.…
Read more about IRS Extends Tax Relief for Southern California Wildfire Victims
The IRS will begin accepting individual returns on Monday, Jan. 27, 202. Read more.…
Read more about Tax Filing Timeline: When Does E-File Start?
Kick off tax season 2024 with tips, updates, and tools from Drake Software. Discover resources to help tax professionals succeed this season.…
Read more about Resources for Tax Professionals for Tax Season 2024
