Drake Software blog for tax pros, covering tax, IRS news, and more
It’s almost that time of year when tax professionals need to renew their Preparer Tax Identification Numbers (PTINs). This identification number expires annually on December 31st for paid tax professionals. Our blog post provides tips and tricks for PTIN renewal so you can hit the ground running for the new tax season.…
The IRS is updating regulations for tax forms and filing requirements. One such regulation establishes a new threshold for electronic filing of certain returns. This change has implications for employers and taxpayers alike, as it affects the way tax-related information is submitted to the IRS. In this blog, we discuss the details of this amendment, its significance, and how it may impact employers and taxpayers in the years to come.…
Read more about Understanding the New IRS E-Filing Requirements for Forms W-2
Drake Software® Update Schools return this year in 4 U.S. cities plus our hometown of Franklin, NC! Experts from Drake Software will be sharing important updates with Users about what to expect in the 2024 Tax Season plus exciting new software updates. Read more in our latest blog post.…
Do you have a client worried that they may have unintentionally filed an inaccurate claim for the Employee Retention Credit? The IRS is offering a way out! Read today’s blog post for more information and resources.…
Mistakes are inevitable, so why not be prepared? Learn how you can be proactive by obtaining Errors & Omissions Insurance. Thanks to our friend Steve Ferguson from the Business Insurance arm of Protection Plus for his contribution to this article.…
Read more about Errors and Omissions Insurance for Tax Preparers
Electric cars are skyrocketing in popularity and the IRS has taken note. In 2024 they will update their EV tax regulations and the tax credit they offer to clean vehicle buyers. Read all about it in our latest blog post.…
Ready to take tax preparation to the next level? Learn our strategies for growth in our latest blog post. From leveraging cutting-edge tech to mastering marketing and client care, we've got your roadmap to growing your tax business covered.…
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.…
![Tax Year 2023 Desk Reference Guide [DOWNLOAD]](/media/3206/9481c1e4-2d43-4a20-b455-fbdf40abcd0d.jpg?anchor=center&mode=crop&width=1024&height=576&rnd=133398658690000000)
We compiled a comprehensive desk reference guide that includes a wide range of commonly accessed tax information to help you navigate the busy tax filing season. Check out our new blog post and fill out the form to download this helpful tax resource.…
Read more about Tax Year 2023 Desk Reference Guide [DOWNLOAD]
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!…
