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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The results are in for the Drake Software 2023 Contactless Tax Preparation survey! While the 2020 filing season jettisoned the tax industry into a virtual arena, the 2023 season seems to indicate that contactless tax preparation has some staying power. More than 900 participants from tax offices across the nation (including attorneys, CPAs, EAs, and other preparers) shared their preferences and insight in the 2023 Contactless Tax Preparation survey. Download the Drake Software 2022 Contactless Tax Preparation Infographic for the results!…

Read more about 2023 Contactless Tax Preparation [Infographic]

Every filing season has unique challenges that attorneys, CPAs, EAs, and other preparers have to overcome when helping clients file their tax returns. To learn what tax professionals think about their experiences, Drake Software sends out its annual “How Did Your Filing Season Go?” survey.…

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In 2022, the Internal Revenue Service faced a historic backlog of unprocessed tax returns that the Department of Treasury attributed to underfunding and pandemic-related challenges.…

Read more about 2022 Tax Filing Statistics [Infographic]

Drake Software surveyed more than 1,900 tax pros to learn how they prepare for filing season. The 2022 Are You Ready for Filing Season? Infographic details the results, covering PTIN renewal, continuing professional education, tax-preparation products, office equipment, and more.…

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Drake Software surveyed 3,620 tax professionals to learn what they plan to charge for tax preparation services during the 2023 filing season.…

Read more about Drake Software 2022 How Do Your Tax Prep Fees Stack Up? [Infographic]

Having a convenient list of commonly accessed tax information can make it easier to weather the hectic pace of filing season. To make life a little easier for you, we produce a desk reference guide containing items ranging from due diligence requirements to MACRS recovery periods every year.…

Read more about Tax Year 2022 Desk Reference Guide

It would be an understatement to suggest that interest in virtual currency grew during the early days of the pandemic. By 2021, virtual currency (or cryptocurrency) had seemingly arrived as a mainstream investment vehicle—with exchanges even purchasing Super Bowl ads featuring Hollywood celebrities.…

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The pandemic forced businesses across the country to adjust how they served customers. Many customer-facing businesses adopted services like curbside pickup to protect both their employees and customers—programs proving so popular they outlived the restrictions that gave rise to them.…

Read more about 2022 Contactless Tax Preparation [Infographic]

More than 5,700 tax professionals responded to Drake Software’s fourth annual How Did Your Filing Go? Survey. This group of attorneys, CPAs, EAs, and preparers were asked about a number of issues from the 2022 filing season, including…

Read more about How Did Your 2022 Filing Season Go? [Infographic]