Drake Software blog for tax pros, covering tax, IRS news, and more
Statistics of IncomeThe Internal Revenue Service today announced the availability of Statistics of Income—2012,Individual Income Tax Returns Complete Report (Publication 1304). U.S. taxpayers filed…
Read more about IRS: Publication 1304 (Individual Tax Stats) For 2012 Now Available
Attention non-credentialed tax return preparers:Drake now offers everything you need to earn your Record of Completion through the IRS’s voluntary Annual Filing Season Program (AFSP). You can complete…
Read more about Annual Federal Tax Refresher (AFTR) Course Now Available
The American Institute of CPAs has released its annual survey of the software CPAs used to prepare 2013 tax returns.A joint project of the Journal of Accountancy and The Tax Adviser, the survey was…
Ideas That WorkIt’s been an active year of change for tax preparers, with a new voluntary certification program for tax preparers, the effects of the Affordable Care Act, and substantial other changes…
Phil Drake, Founder, President & CEO of Drake Software, Shares His Thoughts About The Tax Industry, Technology, And Business. What is the biggest challenge facing the tax professional today? …
[caption id="attachment_5231" align="alignleft" width="136"] Tax Practice Success[/caption]The Challenge: Sustaining growth and profitability in the mature markets for tax preparation services.The…
Payday Loans and Tax Preparers Each year, 12 million borrowers spend approximately $7.4 billion on payday loans. But the payday lenders have come under growing scrutiny in recent years, as…
Some Suspended or Disbarred Tax Practitioners Are Now Permitted to Obtain PTINs and Prepare Tax Returns The Internal Revenue Service today announced that some suspended or disbarred tax professionals…
Plan Now To Get Time Back in 2015Benjamin Franklin is credited with the observation that “Time is Money,” but for a tax preparer during tax season, time can also be the enemy, because each hour lost…
It’s What You Keep Larry Kessler Financial Services is an example of how to create an accounting firm built on friendships, trust, and fair dealings. “I don’t advertise,” he says. “I focus on giving…
