Drake Software blog for tax pros, covering tax, IRS news, and more
IRS Releases Details on PTIN HoldersThe Return Preparer Office of the IRS has released details on the professional credentials of those who currently hold Preparer Tax Identification Numbers.Just over…
The SEC Brings Charges Against 'Gatekeeper' Accountants In a "crackdown" on the "gatekeepers" who put investors at risk when they fail to uncover financial statement fraud and misstatements, the…
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The Income Tax Turns 100 Call it a case of selective memory for poor old Uncle Sam, says USA Today. Last month, the U.S. Labor Department launched a website commemorating its centennial, capping…
IRS Business Protection Act The IRS got another ignominious turn in the spotlight last week as the agency battled mom-and-pop tax preparers in the D.C. Circuit Court of Appeals, the Wall Street…
IRS Updates Special Per Diem Rates for 2013–2014 Travel Expenses Last week, the IRS issued its annual update of special per diem rates for use in substantiating certain business expenses taxpayers…
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A New Look For Ben FranklinCNN Money notes that today is the day the new $100 bill is introduced, some two years after its scheduled debut. The bill was originally due to reach banks in 2011. But…
Criticism Mounts over New Accounting Rules for Leases Companies are pushing back against a proposed overhaul of accounting rules for leases that could add hundreds of billions of dollars in debt to…
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Webinar Offerings For CPE Credit in OctoberBy Christine Reynolds Each year, Drake Software offers an expansive schedule of training programs and webinars designed to help our customers keep pace with…
Treasury Inspector General: Crack Down on Tax Preparers The Treasury Inspector General for Tax Administration (TIGTA) says the IRS has to do a better job of policing paid tax return preparers. And…
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Finance Career Track Changing Dramatically The classic career path from staff accountant to Chief Financial Officer (CFO) is coming to an end, according to a new report from the Association of…
