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Are you required to file Form 990?
It’s simple… Satisfy your IRS 990 preparation and E-filing requirements plus benefit from unique advantages provided by Drake Software.
Rhode Island Joins States Having E-filing Requirements
Legislation signed into law, indicates that Rhode Island will require professional tax preparers to file their clients' individual (both resident and non-resident) state income-tax returns electronically for Tax Year 2008.
NEW Minimum Wage Rate
Effective July 24, 2008, the federal minimum wage for covered nonexempt employees is $6.55. The federal minimum wage provisions are contained in the Fair Labor Standards Act (FLSA).

Many states have minimum wage laws. In cases where an employee is subject to both state and federal minimum wages laws, the employee is entitled to the higher of the two minimum wages.
Extensions Reduced from Six to Five Months
The IRS issued a temporary, proposed regulation that reduces the extension time from six months to five months for 1065s, 1120Ss and 1041s.

Since individuals need the K-1 information from partnerships, S corporations, estates, and trusts to complete their tax returns, the IRS is reducing the six month extension times for these entities to five months so that individual 1040 filers have a month to prepare their taxes.

Prior to this adjustment the extension due date for these entities and for individuals fell on the same date, usually October 15.

This will be effective for extensions on tax returns due on or after Jan. 1, 2009.
Get FREE e-filing Marketing Materials!
To help you build your e-filing business, the IRS offers authorized e-file providers FREE promotional materials. The materials include such items as posters, brochures, fliers, desktop signs and more, and explain the many benefits of e-filing. They're a great way to help you attract and keep e-filing customers. To order the materials, call 800.829.3676.
Five Stars for Drake Software
Drake Software was awarded 5 Stars in the Support/Training & Help System, and Relative Value categories in The CPA Technology Advisor's Review of Professional Tax Preparation Systems (April/May 2007). Overall, Drake Software achieved a rating of 4.5 Stars.
Drake Makes Change Easy
Change can be unsettling. Are you contemplating a switch to Drake Software, but are concerned about the side effects of the change?
More Customer Feedback
Over 6,000 CPA’s respond when asked about their tax software.
NATP surveys over 3,800 tax preparers about their software.