As the phrase goes, all good things come to an end, and the Internal Revenue Service is saying just that about the advance payments of the Child Tax Credit, or CTC.…

Read more about IRS Says December ACTC Payments Coming

Drake Software, LLC (“Drake”) is aware of the recently disclosed Apache Log4j Remote Code Execution Vulnerability, and has taken the following steps to ensure the continued protection of its operations and customers.…

Read more about Drake Software Statement on the Apache Log4j Vulnerability

The CPA Journal this week announced the results of its twentieth annual survey of members of the New York State Society of CPAs, titled “Tax Software in the Ongoing Pandemic Environment.” Respondents were asked about a range of issues, from problems faced throughout filing season to how their tax software performed.…

Read more about Drake Takes 5 Categories in Survey of NYSSCPAs

The Internal Revenue Service is moving quickly to do its part in relief efforts targeting tornado victims in Kentucky.…

Read more about Kentucky Tornado Victims Get Tax Relief

The IRS, the Independent Sector, and the National Council of Nonprofits are this week reminding non-itemizers that charitable contributions made this year may qualify for a tax deduction. This temporary rule comes from a provision in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was designed to help cash-strapped nonprofits during the pandemic.…

Read more about IRS, Nonprofits Remind Taxpayers About Deduction

The Internal Revenue Service has updated its online information with the aim of helping individual taxpayers qualify for Economic Impact Payments (EIPs) if they didn’t already get one.…

Read more about 2020 Recovery Rebate Credit FAQs Updated

The National Association of Tax Professionals recently hosted “Taxes Today: A Discussion of ACTC & Hot Topics,” an on-demand webinar including experts from the NATP and Drake Software:Drake Software…

Read more about Taxes Today: A Discussion of ACTC & Hot Topics [Webinar]

While most Americans have their eyes firmly on the Christmas holidays, many US retirees have another milestone to consider.…

Read more about IRS: Don't Forget the Required Minimum Distributions Deadline

New guidance is available for employers on the retroactive termination of the Employee Retention Credit.…

Read more about New Guidance for the Employee Retention Credit

We’re not trying to be alarming, but if you’ve got a small business, there’s someone looking over your shoulder—and we’re not talking about the government.…

Read more about Security Tips for Small Businesses