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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Gain insights on client acquisition strategies for tax preparers on our new blog post! Discover tips on understanding your client base, offering specialized services, and perfecting your marketing game. Stay ahead in the world of tax prep with Drake.…

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The intersection of virtual currency and taxes is a crucial topic for preparers and investors alike. Drake Software surveyed over 1,990 tax professionals, delving into several critical aspects of virtual currency and its implications on tax matters…

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Master client relationships, market your expertise, and scale your practice as a tax professional. Dive into our latest blog for insights that pave the way for a thriving career in the world of finance. Your journey to becoming a trusted advisor starts here, with Drake Software.…

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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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The IRS continues the push toward an all-electronic filing future by moving Form 8300 to e-filing starting January of 2024. Read our latest blog post for important information on changing requirements.…

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Define your purpose in your tax preparation services with a compelling mission statement! Our latest blog post shows tax pros how to craft mission statements that resonate. Check it out now!…

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Learn how paramount accurate and timely news is for tax preparers and discover subject areas to expand your expertise. Read the full blog post by clicking here.…

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As recovery efforts are underway for victims of the devastating wildfires in Hawaii, the Internal Revenue Service is moving to give survivors one less thing to worry about. The agency has launched its tax relief package for victims in Maui and Hawaii counties that basically delays an array of federal individual and business tax deadlines until February 15, 2024. Read more from Bob William's article in our latest blog post.…

Read more about Hawaii Wildfire Victims Get Tax Relief from IRS

Find tips and resources for creating a Due Diligence Checklist for Tax Preparers in today's blog post. From accuracy to ethics, we share key topics to help you master your tax preparation services and gather client information with professionalism and precision. Elevate your expertise today!…

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