2022 Standard Mileage Rates Now Available

2022 Standard Mileage Rates Now Available

The Internal Revenue Service has put a little more cushion into its standard mileage rates, so taxpayers won’t have such a big bite taken out of their pockets by fuel prices. The rates for 2022, which take effect on January 1, will be used to figure the deductible...
Cyber Security Essentials for Tax & Accounting Firms [Webinar]

Cyber Security Essentials for Tax & Accounting Firms [Webinar]

How do you protect your tax business from cybersecurity threats? The months leading up to filing season are packed with studying tax law changes, learning software updates, training seasonal staff, and—of course—the holidays. During the pre-season hustle, it’s easy to...
Drake Software Statement on the Apache Log4j Vulnerability

Drake Software Statement on the Apache Log4j Vulnerability

Drake Software, LLC (“Drake”) is aware of the recently disclosed Apache Log4j Remote Code Execution Vulnerability, and has taken the following steps to ensure the continued protection of its operations and customers. Actions Upon receiving cybersecurity threat...
Kentucky Tornado Victims Get Tax Relief

Kentucky Tornado Victims Get Tax Relief

The Internal Revenue Service is moving quickly to do its part in relief efforts targeting tornado victims in Kentucky. Around December 10, Kentucky residents were hit by a trifecta of terror: tornadoes, severe thunderstorms and flooding. Many small communities were...
IRS, Nonprofits Remind Taxpayers About Deduction

IRS, Nonprofits Remind Taxpayers About Deduction

The IRS, the Independent Sector, and the National Council of Nonprofits are this week reminding non-itemizers that charitable contributions made this year may qualify for a tax deduction. This temporary rule comes from a provision in the Coronavirus Aid, Relief, and...