Business Strategy

  • Preparing for Policy Changes Ahead of Tax Season

     Here is an overview of what may happen and how to prepare ahead of the next tax season. Download the resource below for a comprehensive breakdown of key policy areas and actionable steps for tax professionals and small businesses. Note: These are just predictions. Things change and happen very quickly. We will notify you as…

  • Bank Products and Mobile Payment Apps

    Bank Products and Peer-to-Peer Apps: What Tax Pros Need to Know As tax season approaches, clients increasingly want fast, flexible options for receiving their tax refunds. While bank products remain a trusted method used by tax professionals for years, peer-to-peer (P2P) payment apps like Cash App®, Venmo®, and PayPal® are becoming more popular—especially among younger…

  • 6 Practical Tips for Managing Difficult Tax Clients

    6 Practical Tips for Managing Difficult Tax Clients Tax season can bring out the best—and worst—in your clientele. Stress, deadlines, and complex financial issues may cause some tax customers to act impatient, defensive, or outright combative. As a professional tax preparer, knowing how to handle difficult clients is essential for maintaining professionalism, protecting your time,…

  • The Working Families Tax Cuts Act Guide for Tax Pros

    A guide to the latest updates and resources on act previously known as the One Big Beautiful Bill Act.  Here’s what you’ll learn more about: What is the Working Families Tax Cuts Act Permanent Extension of 2017 Tax Cuts Increased SALT Deduction Cap Enhanced Child Tax Credit Senior Deduction Introduction R&D Expensing Reinstated Tip Deduction:…

  • AI and Cybersecurity Trends Every Tax Professional Should Watch

    As the demand for digital tax services grows, so do the risks associated with protecting sensitive client data. At the same time, AI is also being used to strengthen cybersecurity defenses. For tax preparers, understanding this dual role is critical to maintaining a secure and compliant practice during peak filing season and beyond. The Role…

  • Version three coming soon: Desk Reference Guide for Tax Year 2025

    Stay Informed in a Year of Constant Tax Law Shifts ***We are still waiting for updated guidance*** With the IRS still developing instructions for Schedule 1-A and making revisions to previously released guidance—such as the updated figures in Rev. Proc. 24-40, along with several provisions still awaiting official regulations—tax professionals are navigating an unusually uncertain…

  • Taxes for Gig Work: What Tax Pros Need to Know

    The gig economy continues to grow, and tax professionals are seeing more clients with income from rideshare driving, delivery apps, freelance work, online marketplaces, and digital platforms. While gig work can create flexibility for taxpayers, it can also create confusion during tax season. Many taxpayers do not understand their filing requirements, estimated tax obligations, or…

  • 2025 Drake Tax® Planner: One Big Beautiful Bill Act Updates Unpacked

    As we gear up for the 2025 tax season, the Drake Tax Planner has been updated to reflect important provisions from the One Big Beautiful Bill Act, helping tax professionals quickly adapt and accurately model client scenarios. Here’s a breakdown of what’s new: 1. 100% Bonus Depreciation For assets placed in service after January 19,…

  • Beware of Unauthorized Drake Software Offers: How to Stay Protected

    Recently, one of our valued customers reported receiving a suspicious call from an unfamiliar number offering a “discounted” version of Drake Software. We want to make it absolutely clear: this offer was not legitimate. Here is how to stay informed and protected: Avoid Third-Party Software Offers If you receive unsolicited emails, calls, or messages offering…

  • The Smart Tax Pro’s Guide to Building and Marketing a Thriving Practice

    Get your copy of The Smart Tax Pro’s Guide to Building and Marketing a Thriving Practice Are you a tax professional looking to grow your client base, retain loyal customers, and make your firm stand out—without sacrificing time with your clients? We’ve got the perfect resource for you. Introducing The Smart Tax Pro’s Guide to…