IRS Clarifies Digital Assets Not the Same as Cash—Yet
In a significant move last week, the Treasury Department and IRS announced that digital assets received by businesses do not follow the same reporting
Meet Drake Pay: an Integrated Payment Processing Solution
Drake Software® is excited to introduce Drake Pay™, a payment integration solution that works seamlessly with Drake’s suite of software products.
Retirement Contribution Amounts Increased for 2024
The Internal Revenue Service has passed along an early Christmas present of sorts to many taxpayers by increasing the maximum contribution amounts for
Time to Renew PTINs for 2024 Tax Season
We are just weeks away from a new tax season, and that means it’s time for tax professionals to renew their Preparer Tax Identification Numbers (PTI
IRS Updates Clean Vehicle Credit Guidance
As electric cars become more common on American roads, fully electric autos (termed “clean vehicles” by the Internal Revenue Service) are now show