Resources for Tax Professionals for Tax Season 2024
The start of tax season is an opportunity for tax professionals to shine by providing exceptional service and staying ahead of industry changes. To help you tackle tax season 2024 with confidence and efficiency, we’ve compiled a list of essential resources covering everything from new tax updates and cybersecurity tips to continuing education and tax preparation tools.
1. New Updates and Changes in Tax Year 2024
Tax year 2024 brings critical updates for tax professionals, including responsible AI use to protect data and improve accuracy, IRS enforcement on high-income non-filers, and phased reductions in Form 1099-K reporting thresholds. Businesses should address Employee Retention Credit claims carefully, using the Voluntary Disclosure Program if needed, while individuals must meet criteria and keep records for the Clean Vehicle Tax Credit.
Staying informed on these changes is key to delivering excellent client service and maintaining compliance.
Read more about Tax Year 2024 updates.
2. What Could Happen with a New President and Administration?
Tax policy often shifts when there’s a change in administration, and 2024 could bring new proposals affecting individuals and businesses. With control of the executive branch and both chambers of the legislative branch, the Republican Party has a unique opportunity to shape legislative priorities for the next two years.
Download the resource below for an analysis of key policy areas and actionable strategies for tax professionals and small businesses.
View the infographic on policy changes ahead of 2025.
3. Checklist for Tax Year 2024 Readiness
Our Desk Reference Guide provides a roadmap of important preparation info to streamline your workflow, from standard deduction amounts and client documentation to compliance updates.
Download the guide to have a handy resource at your fingertips all season long.
Download the Tax Year 2024 Desk Reference Guide.
4. Cybersecurity for Tax Professionals
Protecting sensitive client data is one of the most critical responsibilities for tax professionals, so having a robust security plan is non-negotiable.
Use our cybersecurity checklist to implement best practices and safeguard your business against hackers this tax season.
Access the cybersecurity checklist.
5. Maximize the Benefits of Drake Software’s Knowledge Base
Drake Software customers have access to a treasure trove of resources in our Knowledge Base. From troubleshooting to detailed FAQs and guidance, this tool empowers you to resolve issues quickly and enhance your efficiency.
Customers can take full advantage of this support hub to get the most out of Drake Software during tax season.
6. Stay Current with Continuing Professional Education (CPE)
Continuing Professional Education is vital for staying compliant, sharpening skills, and maintaining licensure. Our CPE courses cover a variety of relevant topics to equip tax professionals to handle evolving tax laws and industry trends. Enroll today to meet your requirements and stay ahead in your profession.
Browse the latest CPE courses.
Tax season 2024 is here—are you ready?
Use these resources to stay ahead, provide top-notch service, and grow your business.
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