Drake Software

  • IRS Releases Draft Versions of New Affordable Care Act Forms

    As a tax software company, we get excited when the IRS releases a new form for the upcoming season.  Forms drive our development cycle, and the earlier we can get our hands on them, the better. The Affordable Care Act forms have created heightened anticipation this year, and when the draft versions were finally posted…

  • Drake Supports Tax Preparers in Spanish

    This article is available en Español   While the English language is the most common spoken at home in the United States (by roughly 85 percent of households, according to the most recent census data), there are six other languages spoken in this country by more than 1 million people each.  Of these, the one most…

  • Meet Phil Drake

    Founder, President & CEO of Drake Software,  Shares His Thoughts About The Tax Industry,  Technology, And Business.      What is the biggest challenge facing the tax professional today?  Compliance, compliance with the EIC rules, compliance with the Due Diligence Rules, compliance with the ACA (coming up). Those used to be the responsibility of the…

  • Profile of Christine Reynolds

    Director of Education Drake Software  Christine Reynolds didn’t start out to be an educator.  Born and raised in south and central Florida, her family moved to NC after she graduated high school, where she started her studies in communications at Western Carolina University.  A few years later, she met her husband-to-be, moved back to Florida…

  • Drake Client Write-Up – A Top Contender in Accounting Software

    By Brian Stork Vice President of Application Development  Accountants and tax preparers nationwide are familiar with Drake’s flagship product, Drake Professional Tax Software.  It’s what put us on the map.  But we want the accounting community to take notice of another product we’ve been developing and enhancing over the last few years: Drake Client Write-Up (CWU).  CWU has…

  • Paying Taxes: Does The IRS Take Plastic?

    Have your clients ever inquired about paying their federal tax bill with a credit card or debit card?  Drake provides two options to help your client pay their taxes electronically – Integrated File and Pay and the Drake e-Payment Center. Here’s an overview of each service: • Integrated File and Pay (IFP) — IFP is…

  • 10 Tips For Staying Sane During Tax Season

     It’s now halfway through tax season, and you’ve already filed more returns than last year at this time.  Customers are lined up out the door, workflow is dragging, and the stress is mounting.  It doesn’t help that you have been through this for many years.  In 2014, the requirements are greater than ever before.  Between…

  • Drake Knowledgebase – Powerful Resource

    Drake Knowledgebase – Powerful Resource At Drake, we pride ourselves on providing world-class customer service.  To do this, we have to provide our customer service representatives with in-depth training and a variety of tools and troubleshooting resources.  One of those resources has become very valuable over the years, and you may not know it, but…

  • Protection Plus: Audit Protection For Your Tax Practice

    By James Stork VP of Education, Drake Software The IRS has increased its audits of professional tax preparation firms, attempting to stem a perceived increase in both preparer fraud and taxpayer fraud related to such issues as identity theft, false claims of dependent children, and inflated deductions on tax returns. While it is true that…