Provided by Drake Software

Scam Phone Calls Continue; IRS Unveils New Video to Warn Taxpayers

Scam Phone Calls Continue; IRS Unveils New Video to Warn Taxpayers 

IRS YouTube Video:
IR-2014-105, Oct. 31, 2014

WASHINGTON — As incidents of an aggressive telephone scam continue across the country, the Internal Revenue Service unveiled a new YouTube video with a renewed warning to taxpayers not to be fooled by imposters posing as tax agency representatives. 

The new Tax Scams video describes some basic tips to help protect taxpayers from tax scams.
[Read more…]

Senators Wicker and Nelson Call on IRS to Address Tax Refund Fraud Bipartisan Coalition Urges Agency to Make Fraud Reduction a Top Priority

Senators Wicker and Nelson Call on IRS to Address Tax Refund Fraud Bipartisan Coalition Urges Agency to Make Fraud Reduction a Top Priority

WASHINGTON – U.S. Senators Roger Wicker, R-Miss., and Bill Nelson, D-Fla., today led a bipartisan group of 15 Senators in calling on Internal Revenue Service (IRS) Commissioner John Koskinen to update Congress regarding the agency’s efforts to prevent tax refund fraud using stolen identities.
[Read more…]

Information for Employers about Their Responsibilities Under the Affordable Care Act

Information for Employers About Their Responsibilities Under the Affordable Care Act 

If you are an employer, the number of employees in your business will affect what you need to know about the Affordable Care Act (ACA).

Employers with 50 or more full-time and full-time-equivalent employees are generally considered to be “applicable large employers” (ALEs) under the employer shared responsibility provisions of the ACA.  Applicable large employers are subject to the employer shared responsibility provisions.  However, more than 95 percent of employers are not ALEs and are not subject to these provisions because they have fewer than 50 full-time and full-time-equivalent employees. [Read more…]

Drake’s Nashville Office is Open!

We are excited to announce that our Nashville office is open!


We already have a development team working out of the new location, and are in the process of recruiting for call center representatives.

 _MG_1610 The nearly 75,000 square-foot facility provides plenty of room for expanding our development and call center operations over the next few years.

Central Time Zone

One of the benefits to the new location is establishing a presence in the Central time zone. Up until now, all software facilities have been based in the Eastern time zone. “We support clients all over the country, so having a call center in the Central time zone helps us support customers on the West Coast,” said Phil Drake, CEO of Drake Software. [Read more…]

AICPA 2014 Survey of Tax Software

The American Institute of CPAs has released its annual survey of the software CPAs used to prepare 2013 tax returns.

A joint project of the Journal of Accountancy and The Tax Adviser, the survey was conducted in May–June, 2014, with data provided by more than 3,800 CPAs and spanning 13 major products. [Read more…]

Drake Update Schools…

 Ideas That Work

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 recent IRS updates and changes in tax laws that affect taxpayers and your practice, we will preview the new features and enhancements made to Drake Software 2014. Prepare for the upcoming filing season, develop your knowledge of Drake Software, and share information and ideas with fellow preparers during this one-day event. [Read more…]

Meet Phil Drake

Phil Drake

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 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.

[Read more…]

Tax Practice Success and “The Five Ps”

Tax Practice Success

Tax Practice Success

The Challenge: Sustaining growth and profitability in the mature markets for tax preparation services.

The Solution: The right marketing mix of product, pricing, place, promotion and platform.

[Read more…]

Larry Kessler: It’s Not What You Make…

It’s What You Keep


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 clients, the children and grandchildren of clients I have had from my early days.” 

His tax partner of choice is Drake Software. 
[Read more…]

Securing your Client Data

Securing your Client Data 

Of all of the subjects that got the attention of the industry – the Affordable Care Act, identity theft, and licensing of tax preparers among them – one did not get much attention, but should have. 

It’s the requirement to properly secure all of the communications between you and the client. 
[Read more…]