Drake Taxes Blog
Drake Tax Services invites you to read and follow our blog. Here, you will find a trusted resource for tax help, information, and advice during tax season and throughout the year.
What is Considered a Business Expense?
In our recent blog, “The 3 Biggest Tax Mistakes for Small Business Owners,” we noted that expenses are a normal and necessary part of running a business, but making sense of it...
Understanding The Purpose Of Personal Financial Statements
As the name implies, personal financial statements outline an individual or family’s financial situation at a specific point in time. Like a snapshot, this information can be...
Tax Rules For Online Retailers
If you are an online retailer, you may owe more in taxes this year. With adjusted rules in place for 1099-Ks, all income over $600, including part-time work, side gigs, and the...
The New Form W-4 and Problems with Witholdings
Form W-4, also known as an Employees’ Withholding Certificate, helps your employer deduct the correct federal income tax from each paycheck. According to Investopedia, the...
4 Things To Know Before Filing Your Taxes
Yahoo! Finance recently reported that “it could be harder for Americans to gauge how big — or small — their tax refund might be” this year, thanks to several changes. The Tax Day...
How To Get Your Tax Refund Faster
Tax season is in full swing, and if you expect to receive a refund this year, you’re probably thinking, the sooner the better! Before you can check filing your taxes off your...
Tax Credits And Deductions For Seniors
If you are over the age of 65, it’s important to understand and take advantage of every possible tax break available. This is especially true if you are living on a fixed income...
The Hazards Of Filing Your Own Taxes
It can be tempting to want to file your own taxes, but what may save you a few pennies at the start could end up costing you big time down the road. Tax laws are more complicated...
Motivational Music Playlist For Tax Season
The holidays are a joyful time, but as the year comes to a close, most people dread what looms ahead in just a few short months. If you’ve been less than organized this year and...
3 Tax Prep Tips To Maximize Your Return
If you are a certified tax professional, tax season is the most wonderful time of the year. But for everyone else, it’s anything but! Thankfully, Drake Tax Services is here to...