Tax News
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What’s New at Drake Software
By: Noha Ghazouani, VP, Product Management New Features That Make a Difference Your daily tax office operations rely on tools that are both powerful and intuitive. At this year’s Update Schools, we’re showcasing time-saving features that were influenced by user feedback — because we’re listening — a key promise we make to our customers.…
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The One Big Beautiful Bill Act Guide for Tax Pros
A guide to the latest updates and resources on OB3 Here’s what you’ll learn more about: What is the One Big Beautiful Bill Act? Permanent Extension of 2017 Tax Cuts Increased SALT Deduction Cap Enhanced Child Tax Credit Senior Deduction Introduction R&D Expensing Reinstated Tip Deduction: Which jobs qualify? New Car Loan Deduction Overtime …
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Coming Soon!! Drake Software Desk Reference Guide for Tax Year 2025
Coming soon! Save time during the busy filing season with a comprehensive tax reference guide for tax year 2025. We are working on updates to the desk reference guide. We will inform you once an updated version is ready. Stay tuned. Why is the 2025 desk reference guide considered a tax season best practice?From a…
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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…
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Taxes for Gig Work: What Tax Pros Need to Know
In today’s ever-expanding freelance economy, more Americans are working outside traditional employment. Whether it’s delivering meals for DoorDash, creating content on YouTube, or driving for Uber, this growing pool of gig workers brings new challenges for tax professionals — especially with upcoming changes from the One Big Beautiful Bill Act (OBBBA). Here’s what you need…
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Essential Tax Documents Checklist for Your Clients with OB3 Updates
Tax season can be overwhelming, but a well-organized checklist simplifies the process for both tax professionals and their clients. By ensuring clients gather the necessary documents ahead of time, tax preparers can save time, reduce errors, and improve efficiency. In addition to helping with annual filing, this year’s resources also include important information about the…
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Drake Workflow: Smarter Tools to Keep Your Tax Office Moving
Tax season can be overwhelming. Between juggling client files, assigning tasks, and making sure nothing slips through the cracks, it’s easy to feel like you’re running on spreadsheets and sticky notes. That’s why we built something new: Drake Workflow (Beta). Drake Workflow brings your favorite Drake Software® tools together to help you and your team…
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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,…
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Drake Hub: Current Features and Upcoming Enhancements
We’re making it a priority to keep you informed about the latest updates and what’s ahead. Here are a few highlights to keep you up to speed. If you’re still getting familiar with Drake Hub, check out our previous webinar for a full overview of how it works and visit our recent Knowledge Base Articles. Watch the…
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Drake Tax Online™: A Smart Cloud-Based Option for New Tax Pros
If you’re a new tax preparer looking for your first professional tax software, you’ve got options — but some of those options may not be built with new preparers in mind. That’s where Drake Tax Online™ comes in. Drake Software has launched a new web-based product that’s perfect for new preparers who want a fast,…