Drake Software blog for tax pros, covering tax, IRS news, and more
You’ve already run the holiday checklists: gifts have mostly been purchased, decorations are up, and your calendar is chock full of holiday parties.What’s left to do for the season? You could…
Combat Identity Theft with Stronger Password SystemsInnumerable articles underscore the need for keeping unique, rotating passwords for every online account: email, social media, gaming,…
With tax season scant weeks away and the fundamental hiring, training, and preparations nearly finished, it’s time for the management teams in tax and accounting firms to turn their attention toward…
No one knows exactly how many tax preparers and CPAs are solo practitioners, but anecdotal evidence is that the number may be staggeringly high – as much as 40 percent of these industries. The 2014…
The value of Facebook and other social media – LinkedIn, Instagram, and Twitter included – was initially questioned by traditional marketers. They pointed to distraction and competition for…
Tax preparation practices, both independent and within CPA firms, have largely been automated through the use of tools such as GruntWorx, an advanced tax workflow solution that streamlines the process…
The introduction of Wireless Equivalent Privacy (WEP), in 1999, was supposed to be a solution to the growing issue of Wi-Fi security. At the time, Wi-Fi was seen as an alternative to the relatively…
“Lowest Level of Funding Since 2008”Reinforcing sentiments from the written testimony submitted to the House Ways and Means Committee in April when speaking at the AICPA’s National Tax Conference,…
Read more about IRS Commissioner: Budget Cuts Bad for Preparers; Tax Season Might be Delayed
On October 29, the IRS released part of their "Tax Preparedness Series" aimed at "taxpayers born before July 1, 1945," reminding them that the deadline for required minimum distribution payments (RMD)…
Read more about IRS Reminds Retirees to Take Retirement Plan Distributions
If you grew up “shooting the loop” every Friday night in high school, knew the names of every single person living on your block, or rode a tractor to school at least once, chances are that you grew…
