In 2022, the Internal Revenue Service faced a historic backlog of unprocessed tax returns that the Department of Treasury attributed to underfunding and pandemic-related challenges.…

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Drake Software surveyed more than 1,900 tax pros to learn how they prepare for filing season. The 2022 Are You Ready for Filing Season? Infographic details the results, covering PTIN renewal, continuing professional education, tax-preparation products, office equipment, and more.…

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Drake Software surveyed 3,620 tax professionals to learn what they plan to charge for tax preparation services during the 2023 filing season.…

Read more about Drake Software 2022 How Do Your Tax Prep Fees Stack Up? [Infographic]

Having a convenient list of commonly accessed tax information can make it easier to weather the hectic pace of filing season. To make life a little easier for you, we produce a desk reference guide containing items ranging from due diligence requirements to MACRS recovery periods every year.…

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It would be an understatement to suggest that interest in virtual currency grew during the early days of the pandemic. By 2021, virtual currency (or cryptocurrency) had seemingly arrived as a mainstream investment vehicle—with exchanges even purchasing Super Bowl ads featuring Hollywood celebrities.…

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The pandemic forced businesses across the country to adjust how they served customers. Many customer-facing businesses adopted services like curbside pickup to protect both their employees and customers—programs proving so popular they outlived the restrictions that gave rise to them.…

Read more about 2022 Contactless Tax Preparation [Infographic]

More than 5,700 tax professionals responded to Drake Software’s fourth annual How Did Your Filing Go? Survey. This group of attorneys, CPAs, EAs, and preparers were asked about a number of issues from the 2022 filing season, including…

Read more about How Did Your 2022 Filing Season Go? [Infographic]

Every year, Drake Software uses Internal Revenue Service statistics to create an infographic highlighting important tax-filing information gathered throughout the year. For example, last year saw taxpayers increasingly turn to do-it-yourself platforms when it was time to file their federal tax return.…

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The National Association of Tax Professionals recently hosted “Taxes Today: A Discussion of ACTC & Hot Topics,” an on-demand webinar including experts from the NATP and Drake Software:Drake Software…

Read more about Taxes Today: A Discussion of ACTC & Hot Topics [Webinar]

Drake Software surveyed more than 2,500 tax professionals to learn what steps they’ve taken to prepare for the upcoming filing season. We compiled the results in the FREE Are You Ready for Filing Season? Infographic, which covers issues related to credentials and training, software and office equipment, and client communication and services.…

Read more about 2021 Are You Ready for Filing Season? [Infographic]