Business Strategy

  • Mission Statement for Tax Preparation Businesses

    A well-crafted mission statement not only defines your purpose and values as a tax preparer, but also communicates your commitment to clients and stakeholders. Whether you’re an independent tax preparer or a tax preparation firm, we at Drake hope to provide you with insights to create a mission statement that reflects your identity and resonates…

  • Due Diligence Checklist for Tax Preparers

    As tax professionals, we understand that it can be a meandering process to go from documents to declarations, fraught with potential pitfalls. Because of this, a robust due diligence strategy isn’t just a matter of regulatory compliance—it’s an embodiment of the commitment to your clients’ financial well-being and professional integrity as a tax preparer. In…

  • Jobs for Tax Preparers: Building a Career as a Tax Professional

    While this post is intended to help preparers implement best practices throughout their careers, we also understand the importance of seeking career opportunities for themselves as tax professionals. If you’d like to read more about job ideas for tax preparers in the off-season, visit our blog here.   The industry for tax professionals can naturally…

  • Choose the Best Tax Preparation Software

    In our current digital age, tax preparation software has become an indispensable tool for tax preparers, streamlining workflow and enhancing efficiency of offered services. With a myriad of options available in the market, it can be daunting for tax professionals to choose the best tax preparation software that aligns with their needs and preferences.  At…

  • Social Media for Tax Preparers

    In today’s fast-paced, digitally integrated environment, social media has become a key feature of any successful marketing strategy. For tax preparers, using social media platforms effectively can significantly boost their online presence, reach a wider audience, and attract potential clients. In this blog post, we will explore the best practices for social media creation tailored…

  • Tax Help Software

    Tax preparation can be a complex and time-consuming process, especially for professionals dealing with multiple clients and intricate financial situations. To ease the burden, tax preparers have turned to technology-driven solutions that simplify and automate various aspects of tax preparation. In this article, we will explore tax help software tools designed specifically for tax preparers…

  • Online Courses for Tax Preparation

    In an increasingly competitive industry, tax preparers must stay updated in their understanding of the latest regulations and enhance their skills. Online courses for tax preparation have emerged as an invaluable resource, offering flexibility and convenience while providing the knowledge and expertise needed to navigate complex tax situations. Choosing the right online course is paramount…

  • Best Bank Products for Tax Professionals

    In the uncertainty of the modern-day financial landscape, tax preparers possess a great deal of agency when it comes to filing accurate and compliant returns for their clients. While tax professionals’ expertise primarily resides in navigating tax codes and filing returns, it’s equally essential to recognize the impact that banking products may have on streamlining…

  • What is the NAICS Code for Tax Preparation?

    As a tax preparer, it’s more than likely you’ve encountered the NAICS throughout the duration of your career. An essential tool for tax preparation, the NAICS can help you maximize accuracy and efficiency in the classification of businesses. In this post, we’ll explore the function of NAICS, its relevance and benefits for tax preparers, and…

  • IRS Security Requirements for Tax Preparers

    Safeguarding sensitive financial information and protecting clients’ personal data has become increasingly relevant in the tax industry. To help mandate secure practices, the IRS has set forth requirements for tax preparers to safely manage and store private information. Tax preparers can avoid unauthorized access and data breaches, which pose significant risks for both preparers and…