Tax News

  • Drake Software Classroom Training and CPE Opportunities

    April 18 – or April 19 for preparers in Maine and Massachusetts – doesn’t actually mean the end of tax-related work.

  • Drake Software Gets Positive Review in New Book

    Million-Dollar Tax Business Cites Drake Software as a Key to Success Drake Software received a strong endorsement in Chauncey Hutter, Jr.’s new book, BLOCKBUSTER: How to Build a Million Dollar Tax Business, which recently claimed a top-100 spot on the Amazon “Personal Taxes,” “Small Business Taxes,” and “Taxation” lists. BLOCKBUSTER is equal parts autobiographical and…

  • Reduce Stress During Tax Season

    Stress can worsen or increase the risk of conditions like obesity, heart disease, premature aging, Alzheimer’s disease, diabetes, headaches, depression, gastrointestinal problems, and asthma. For tax and accounting professionals, the effects of this stress are seen most clearly during tax season, and especially leading up to the filing deadline, when the workflow can ramp up…

  • What to Do About Your Missing W-2

    While the majority of taxpayers receive a W-2 before the beginning of January, sometimes it just doesn’t work out that way. Luckily – since it’s needed for filing an accurate return – the IRS has advice for people who are missing their Form W-2.

  • Tax Update Classes

    Every year it seems like Congress waits until the last minute to make changes to the tax code. Lately, many of the changes are retroactive, as changes are made in December that affect the current tax year, only to expire a few days later, on December 31.  This environment of uncertainly and change makes it…

  • Protect Yourself from Wi-Fi Hacking

    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 high cost of wired connections, and free Wi-Fi hotspots were springing up nationwide to serve academic and business environments.

  • Small Town Marketing

    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 up in a small American town.

  • The Hidden Costs of Expense Report Fraud

    If there is one thing that tax preparers and accountants present to clients, it is their integrity. They are the professionals who can be consigned a client’s personal financial information or an entire firm’s financial well-being. They are the trusted business advisors and the ones most often tasked with rooting out fraud and theft. There…

  • Deducting the Cost of Looking for Work

    What You Need to Know When Deducting Job-Hunt Expenses Last week the IRS released information pertaining to deducting job search costs, including a list of nine “key tax facts” on the subject.

  • From the Shoebox to the Tax File

    It’s the client most dreaded by tax preparers – the individual or small business manager who literally shows up to have their taxes prepared armed with only a boxful of receipts and unorganized statements.  The issue is not whether it is a box, or a file, or even a handful of paper.  It is, rather,…