Drake Software® is excited to introduce Drake Pay™, a payment integration solution that works seamlessly with Drake’s suite of software products. This solution allows our customers to accept payments…

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So you’re thinking about becoming a tax preparer. How much does it cost to file taxes, anyway? How much should you charge? What sort of schooling or credentials do you need to get? We answer these questions in our latest blog post on the steps to becoming a tax preparer.…

Read more about How to Become a Tax Preparer: Accreditation, Pricing, and More

Name, Image, and Likeness (NIL) income, or income gained from personal brand influence, has opened opportunities for student-athletes in college athletics. With the additional income stream comes new tax implications, however, that many student-athletes have not previously encountered. Read the new blog entry to discover what this means for tax preparers and college sports.…

Read more about Name, Image, and Likeness (NIL) Income for College Athletes [DOWNLOAD]

The IRS has announced new penalty relief totaling around $1 billion to approximately 4.7 million individuals, businesses, and tax-exempt organizations. This relief is aimed at those who did not receive automated collection reminder notices during the pandemic, which were temporarily suspended in February 2022 due to the COVID-19 crisis. The latest blog entry covers the news and its importance to tax preparers.…

Read more about IRS Announces Penalty Relief for Nearly 5 Million Tax Returns

The Internal Revenue Service updated and modified guidance surrounding an assortment of clean energy credits and other provisions over the closing days of 2023. Some of the changes will be in effect next tax season, while other alterations will not be realized for a year or more. Here is a brief overview of what to expect on the clean energy front in the near future.…

Read more about IRS Updates Flurry of Clean Energy Provisions in Closing Days of 2023

As tax season gets closer, providing a tax documents checklist to your clients is extraordinarily helpful. Helping them gather the appropriate information before you begin preparing tax returns saves a good deal of time in the long run, building rapport with your customer base and easing your own workload. Read our blog post to find out more.…

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Tax season can be a daunting time for many individuals and businesses, and the Internal Revenue Service (IRS) understands the importance of providing accessible assistance to address your inquiries. To help you navigate the intricacies of tax matters, we'll guide you through the various channels available for reaching the IRS and obtaining the information you need. Our blog post gives you all the details.…

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Navigating identification numbers may seem complex, but it's essential for tax preparation. This discussion aims to make things clearer, breaking down the terminology and explaining the importance of different tax ID numbers. Read this post to find out more.…

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As tax season approaches, the importance of early access to tax software becomes increasingly evident for tax preparers. Beyond the convenience of having tools at your disposal sooner, there are numerous advantages that can significantly impact the efficiency and success of the tax preparation process. Read our latest blog post for more insight.…

Read more about 5 Ways Early Tax Software Access Supports Tax-Prep Success

The IRS delayed the implementation of the new $600 Form 1099-K reporting threshold for third-party payment organizations. They plan a phased-in approach, with a $5,000 threshold set for 2024 to gradually implement the reporting requirements introduced under the American Rescue Plan. Read about the policy in our latest blog post.…

Read more about IRS Delays 2023 Form 1099-K Threshold, Introduces $5,000 for 2024