Drake Software blog for tax pros, covering tax, IRS news, and more
Web sites for the typical tax and accounting firm tend to be whatever was thrown online as the firm was established or a site that has been expanded with content and information – perhaps for years. …
It's an annual ritual for tax and accounting firms after the end of one tax season and before training begins for the next: replacing obsolete hardware and software, investing in new technologies, and…
Read more about Upgrading Hardware and Software for Tax Season
For many tax preparers and CPAs, the post-tax season vacation is a family ritual. Plans and reservations are made far in advance, and may involve a return to a familiar destination – from the…
The tax preparation industry consists of some 1.2 million paid professionals, according to US News and World Report, engaged in the preparation and filing of forms required by the federal, state and…
Read more about How To Start A Successful Tax Preparation Business
One of the most critical errors in managing a tax preparation firm is failure to properly insure the business against losses and lawsuits. There are a number of reasons why tax preparers might…
Read more about Essential Business Insurance for Tax Preparation Firms
In a matter of weeks, the 2015 tax season will be over. The federal individual and most state returns will be filed by mid-April (the exceptions are Hawaii, which has a filing deadline of April 20;…
Laws under our legislative system don’t always contain all of the information needed to determine what the legislators had in mind when they approved the law. Sometimes errors are made in the…
Read more about Asking the Right Questions About Improper Tax Credits
The US Department of Homeland Security (DHS) Has Issued a Warning of a New “Trojan Horse” Virus The US Department of Homeland Security (DHS) has issued a warning of a new “Trojan Horse” virus that has…
What May and May not be Deducted as a Business ExpenseOne of the thornier questions at tax time centers on what may and may not be deducted as a business expense. The rules change frequently, in…
Declining Resources Have Contributed to Unfavorable Trends in Several Key Automated Collection System Business ResultsWASHINGTON – Declining resources could affect the ability of the Internal Revenue…
Read more about Declining Resources Affect IRS's Ability to Collect Delinquent Taxes
