Drake Software blog for tax pros, covering tax, IRS news, and more
Does Your Customer’s Health Insurance Meet The Minimum Standards? The Affordable Care Act calls for individuals to have qualifying health insurance coverage for each month of the year, have an…
Senators Wicker and Nelson Call on IRS to Address Tax Refund Fraud Bipartisan Coalition Urges Agency to Make Fraud Reduction a Top PriorityWASHINGTON – U.S. Senators Roger Wicker, R-Miss., and Bill…
Information for Employers About Their Responsibilities Under the Affordable Care Act If you are an employer, the number of employees in your business will affect what you need to know about the…
Read more about Information for Employers about Their Responsibilities Under the Affordable Care Act
New Rules Allow DeductionsRegulations issued under T.D. 9696 finalize rules the IRS put into effect in 2012 allowing employees to deduct certain expenses paid or incurred for local lodging as business…
Read more about IRS Allows Deduction for Local Lodging Expenses
ACA Credits Could Mean Lower Tax RefundsThe Affordable Care Act (ACA) is already proving to be confusing and costly for consumers, with widespread premium increases and plan cancellations. Now, the…
Facing Challenges - Creating SolutionsThe Challenge: Melding two management styles and different levels of experience into a single, client-focused tax practice.The Solution: Recognizing that clients…
Await November Elections One of the casualties of the coming election in Congress is a bill that would extend a package of 50 tax breaks worth $85 billion over the next 10 years to individuals and…
IRS Publication 5172, Facts about Health Coverage Exemptions This provides information for taxpayers who qualify for and may claim exemption from minimum essential coverage so that they do not need to…
The 15 Industries with the Highest Net Profit Margin – Last 12 Months Based on an analysis of the financial statements of privately-held companies, Sageworks, a financial information company, ranked…
Read more about Accounting and Tax Prep Among the 15 Most Profitable Industries
Consumer AlertThe Internal Revenue Service has re-issued a consumer alert providing taxpayers with additional tips to protect themselves from telephone scam artists calling and pretending to be with…
Read more about IRS Identifies Five Easy Ways to Spot Suspicious Calls
