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 taxpayer, to represent the true facts to the preparer. Now, more and more, the preparer is held responsible for determining the truth of the facts.