In an increasingly digital world, the landscape of tax preparation is evolving rapidly, with technological advancements offering convenience and efficiency to both tax professionals and their clients. However, this shift towards digitalization also brings about new challenges and risks, particularly in terms of cybersecurity. Read more from our free download resource.…

Read more about 10 Cybersecurity Practices for Tax Pros and Taxpayers [DOWNLOAD]

Name, Image, and Likeness (NIL) income, or income gained from personal brand influence, has opened opportunities for student-athletes in college athletics. With the additional income stream comes new tax implications, however, that many student-athletes have not previously encountered. Read the new blog entry to discover what this means for tax preparers and college sports.…

Read more about Name, Image, and Likeness (NIL) Income for College Athletes [DOWNLOAD]

We uncover the newest industry insight on tax prep fees in our latest infographic blog post! Drake Software surveyed over 1000 tax preparers to discover their accepted payment methods, anticipated charges per form, pricing approach, and plans to modify fees. The responses also include demographic information and how it relates to these categories. Read our blog post to learn more!…

Read more about Drake Software 2023 How Do Your Tax Prep Fees Stack Up? [Infographic]

We compiled a comprehensive desk reference guide that includes a wide range of commonly accessed tax information to help you navigate the busy tax filing season. Check out our new blog post and fill out the form to download this helpful tax resource.…

Read more about Tax Year 2023 Desk Reference Guide [DOWNLOAD]

The intersection of virtual currency and taxes is a crucial topic for preparers and investors alike. Drake Software surveyed over 1,990 tax professionals, delving into several critical aspects of virtual currency and its implications on tax matters…

Read more about 2023 Virtual Currency Survey Results [Infographic]

The results are in for the Drake Software 2023 Contactless Tax Preparation survey! While the 2020 filing season jettisoned the tax industry into a virtual arena, the 2023 season seems to indicate that contactless tax preparation has some staying power. More than 900 participants from tax offices across the nation (including attorneys, CPAs, EAs, and other preparers) shared their preferences and insight in the 2023 Contactless Tax Preparation survey. Download the Drake Software 2022 Contactless Tax Preparation Infographic for the results!…

Read more about 2023 Contactless Tax Preparation [Infographic]

Every filing season has unique challenges that attorneys, CPAs, EAs, and other preparers have to overcome when helping clients file their tax returns. To learn what tax professionals think about their experiences, Drake Software sends out its annual “How Did Your Filing Season Go?” survey.…

Read more about How Did Your 2023 Filing Season Go? [Infographic]

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.…

Read more about 2022 Tax Filing Statistics [Infographic]

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.…

Read more about 2022 Are You Ready for Filing Season? [Infographic]

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]