Drake Software blog for tax pros, covering tax, IRS news, and more
Small businesses are, according to the most recent data from the US Census Bureau, in serious trouble. The total number of business failures is now larger than the number of new business startups.…
IRS Tax Tips Cover Filing Deadline and Self-Insured EmployersThis week, the IRS released tips for taxpayers: the first regarding the deadline for those with an automatic six-month filing extension,…
In July, August, and September, the IRS is hosting a series of ACA-related webinars focusing on businesses providing health coverage for employees. Below are the subjects and dates of the IRS webinars…
In 2011, World at Work reported on a study by flexible office space company Regus documenting the fact that the majority of US professionals work during their vacations.A more recent study by PGi, a…
It's the client most dreaded by tax preparers – the individual or small business manager who literally shows up to have their taxes prepared armed with only a boxful of receipts and unorganized…
The IRS recently released information pertaining to the Small Business Health Care Tax Credit, outlining the prerequisites for receiving the credit and which forms need to be filed.For a business to…
Next week, the IRS will begin hosting the Nationwide Tax Forums, a series of three-day conferences covering ethical and legal issues facing the tax industry. Attendees can earn CPE, attend live…
“You’ll know what to do.” Terry and her mother had always been close. After Barbara Durkin was diagnosed with lung cancer in 2003, Terry decided to come home and help with her mother’s tax practice. When talking about their relationship, Terry reminisces, “I can’t describe my mother in just one word: She was my role model, my friend, my mentor, and so much more. She was influential in every part of my life.”…
Read more about Terry Durkin, EA, MBA: Two Generations of EAs; Two Generations of Drake
There is no question that identity theft – particularly as it relates to taxes – is a major criminal activity and a serious threat. The Federal Trade Commission (FTC) notes that last year this…
By a vote of 6-3, the United States Supreme Court (SCOTUS) upheld the Patient Privacy and Affordable Care Act (ACA), ruling that the intent of the law was to ensure nationwide health care coverage. …
Read more about Supreme Court Upholds Federal Subsidies For The ACA
