Drake Software blog for tax pros, covering tax, IRS news, and more
For most tax preparation firms, success means attracting more business from taxpayers, expanding the number of services offered, and converting customers into clients. Though we tend to use the terms…
The quest for success in all businesses is a complex mixture of greater efficiency, greater creativity, better marketing and better management. The role of technology in this mixture has generally…
Are you looking for new and affordable ways build your practice and your brand? One good place to start is LinkedIN, the world’s largest professional network on the Internet. While many small…
Read more about Using LinkedIn to Build Your Practice and Brand
Crowd-Sourcing Effort Aims to Improve Service for TaxpayersThe IRS recently announced that they are teaming with the Mortgage Bankers Association (MBA) to start the Tax Design Challenge, a new…
Tax-based identity theft is bad, and it’s getting worse.After only a quarter of the way through this year’s tax season, the rate of identity theft increased by 400% over last year. Phishing and…
Rates Going Up This April, May, and JuneLast week, the IRS released the corrected Q2 interest rates, indicating the first such increase since Q4 2010. An official revenue ruling, dated April 4, 2016,…
Last Year that C and S Corporation Deadlines will Fall on the Same DayTomorrow at midnight is the last moment to meet the filing and extension-request deadline for calendar-year corporation, C…
Read more about Deadline: Calendar-Year Corporation, C Corporation, and S Corporation
Drake Wins in 6 CategoriesCPA Practice Advisor recently released the results of their 13th annual Readers’ Choice Awards, which polled close to 7,000 readers on a variety of topics related to tax…
Read more about Results of the CPA Practice Advisor 2016 Readers’ Choice Awards
Taxpayers Now Need to Call the IRS to Retrieve Lost or Forgotten IP PINsThe IRS announced yesterday that they would be temporarily suspending the IRS.gov Identity Protection PIN tool while they work…
Tomorrow is the tax deadline for farmers and fishermen, and the IRS advertised their Direct Pay tool as a way that taxpayers can quickly pay their owed taxes. The IRS press release pointed out that…
Read more about March 1 is the Deadline for Farmers, Fishermen
