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Drake Software blog for tax pros, covering tax, IRS news, and more

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Phishing Email Targets Tax Pros

Bob Williams - June 28, 2017
Phishing Email Targets Tax Pros

America’s tax professionals are being warned about a new phishing campaign aimed at stealing the preparers’ filing data.…

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CPA Practice Advisor 2017 Readers' Choice Awards Results

Ryan Norton - February 17, 2017
CPA Practice Advisor 2017 Readers' Choice Awards Results

Drake Software Wins 7 CategoriesFor the fourteenth year in a row, readers saw the results of the CPA Practice Advisor Readers’ Choice Awards, a poll of more than 6,000 readers covering a wide range of…

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Tax Professionals May Be the Next Ground Zero in Cybersecurity Battle

Bob Williams - December 07, 2016
Tax Professionals May Be the Next Ground Zero in Cybersecurity Battle

America’s income tax professionals are being enlisted into a growing force of industry partners who are focused like never before on protecting their financial information – and that of their customers.…

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Scammers Target Tax Pros Once Again

Bob Williams - November 07, 2016
Scammers Target Tax Pros Once Again

Tax professionals are being warned about a phishing scam aimed at them that poses as a chummy message from the Internal Revenue Service. This new email threat starts with a bogus email message carrying the title “Security Awareness for Tax Professionals.” The “From” line is “Your e-Services Team.”…

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2017 Tax Season to See Expanded Due Diligence Reporting

Bob Williams - October 12, 2016
2017 Tax Season to See Expanded Due Diligence Reporting

Legislation expands the EITC due diligence requirements to include two other refundable credits – the Child Tax Credit or Additional Child Tax Credit, and the American Opportunity Tax Credit.…

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New Phishing Scam Unleashed; Tax Pros Targeted

Bob Williams - August 11, 2016
New Phishing Scam Unleashed; Tax Pros Targeted

Income tax professionals are being alerted by the Internal Revenue Service that a new email phishing scam has been unleashed, and it targets preparers.This latest scam, identified by IRS Security…

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Snow Williams, MST, EA, CSA: Retirement was Just the Beginning

Ryan Norton - February 29, 2016
Snow Williams, MST, EA, CSA: Retirement was Just the Beginning

“This year marks my 36th filing season,” Snow Williams says with an infectious smile before heading back into the auditorium to hear the next session of the Drake Software update school. “And it’s…

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Cash Flow Management for Tax Preparers

Taxing Subjects - February 24, 2016
Cash Flow Management for Tax Preparers

In many respects, management of cash flow for a tax preparation firm is easier than for many types of small business.  There is no inventory of goods to tie up cash.  Payment for services occurs at…

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