Drake Software

  • IRS Press Release: How to Determine if the Net Investment Income Tax Applies to You

    If you have income from investments, you may be subject to the Net Investment Income Tax. You may owe this tax if you receive investment income and your income for the year is more than certain limits. Here are some key tips you should know about this tax:

  • IRS Press Release: Tax Refunds Reach Almost $125 Billion Mark; IRS.gov Available for Tax Help

    WASHINGTON — Almost 40 million tax refunds worth nearly $125 billion have been issued as of Feb. 20, according to Internal Revenue Service statistics released yesterday. The average refund is $3,120. The IRS has processed nearly 50 million returns, about one-third of the total individual federal income tax returns the agency expects to receive this…

  • Drake Update Schools…

    It’s been an active year of change for tax preparers, with a new voluntary certification program for tax preparers, the effects of the Affordable Care Act, and substantial other changes to tax laws. To keep pace with these changes, Drake Software recommends that you attend one of our annual update schools. In addition to the…

  • 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…

  • Larry Kessler: It’s Not What You Make…

      Larry Kessler Financial Services is an example of how to create an accounting firm built on friendships, trust, and fair dealings.  “I don’t advertise,” he says. “I focus on giving each client a better job than they have ever seen, combined with the best service I can give.  I now handle second and third-generation…

  • Salaries on the Rise for Accountants and Financial Analysts

    The staffing company Robert Half is projecting a 3.4 percent uptick in salaries for accountants next year, according to the 2014 edition of its annual salary guide, reports Accounting Today.  That’s compared to a 3.7 percent increase across all sectors for which the staffing company does recruiting. However, some jobs are expected to earn even…