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

Drake Software Blog Team

The Drake Software Blog Team is proud to cover the latest in tax-industry-related news, from tax law and IRS updates to technology and business strategies. If you have questions about an article or just want to reach out to our staff, email comments@taxingsubjects.com.


Cybersecurity for Tax Professionals

Cybersecurity for Tax Professionals

Today, tax preparers operate within an increasingly complex and perilous cybersecurity context. These challenges not only threaten the integrity of your practice, but also put your clients' financial well-being at risk. At Drake Software®, we recognize the gravity of these threats and are committed to providing you with the knowledge and tools necessary to fortify your practices. As we delve into this topic, we will examine prevalent threats, share foundational best practices, and outline critical strategies to help you implement a digital shield around your business.…

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IRS Imposes Moratorium on Improper Employee Retention Credit Claims Amid Rising Fraud Concerns

IRS Imposes Moratorium on Improper Employee Retention Credit Claims Amid Rising Fraud Concerns

In response to a growing number of fraudulent cases, the IRS is addressing improper ERC claims to safeguard businesses. As a tax preparer, your vigilance can help protect your valued clients from scams and penalties. Read more on our latest post!…

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IRS Shifting Audit Focus Toward More High-Income Taxpayers

IRS Shifting Audit Focus Toward More High-Income Taxpayers

The IRS plans to move its audit spotlight from the working-class individual taxpayer to those engaged in high-income activities, partnerships, large corporations, and promoters pushing schemes that abuse the tax laws. All changes are meant, the IRS says, to help restore fairness in the American income tax system. Click on our new blog post for the latest tax news.…

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Contactless Tax Preparation – Here to Stay

Contactless Tax Preparation – Here to Stay

Check out today’s blog! Matt Jagst, Drake Software Head of Product, shares his perspective on recent findings from a Drake Software survey of tax professionals. In this survey, tax professionals were asked to share their experience working with clients in an environment that continues to lean toward contactless services after the events of 2020 and a reliance on evolving technology. If you missed our survey, we would love to hear your thoughts in the chat below!…

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