Podcasts

  • Vacation Rental Tax Tips for Tax Professionals

    As summer travel heats up, many taxpayers turn their second homes into short-term rentals. While the extra income can be lucrative, it also introduces a complex mix of tax rules that require attention from seasoned tax professionals. If your clients own or are considering listing a vacation rental, here are key tax tips to keep…

  • Tax Practice Growth Insights from 900+ Tax Pros [Free Download]

    Learn from your peers and discover strategies to grow your own tax practice.  Expanding a tax practice requires a blend of strategy, innovation, and the ability to adapt. In a recent survey conducted by Drake Software, over 900 tax professionals shared their approaches to achieving business growth, offering a wealth of knowledge on what has…

  • Compare Professional Tax Software

    How do you know which professional tax software is right for you? Get the resources you need to choose the right professional tax preparation software. Finding the ideal professional tax software is essential for growing and managing an efficient tax preparation business. With so many options on the market, it’s important to understand what to…

  • Protecting Tax Clients from Scams: 2025 IRS Filing Updates

    This month, the IRS—partnering with the Security Summit—is spotlighting identity theft prevention for tax professionals, addressing increasing concerns over delays related to fraud and Employee Retention Credit claims. Here is a review of a few scams to be aware of. IRS and CASST Take Action to Combat Tax Fraud The IRS and CASST are implementing…

  • Is Drake Software Right for Your Tax Practice?

    Whether you’re launching your first tax practice or looking to switch software, finding the right fit is critical. With many tax software solutions available, it’s easy to get overwhelmed by flashy features or confusing pricing models. So how do you know if Drake Software® is the right solution for your firm?   All-inclusive pricing: flat…

  • IRS Late Filing and Payment Penalties

    It’s still vital for tax professionals to be aware of the updated IRS penalties for late filing and payment. Understanding these penalties can help in advising clients effectively and mitigating potential financial repercussions.  Failure-to-File Penalty If a taxpayer doesn’t file their federal tax return by the due date (typically April 15), the IRS can impose…

  • Drake Tax Spanish Software Resources for Tax Professionals

    Welcome to Drake Software’s Spanish Tax Resource Center Drake Software® proudly supports Spanish-speaking tax professionals with a comprehensive selection of Spanish-language tax software tools, training, webinars, and documentation. Whether you’re getting started with Drake Tax or looking to streamline your workflow with Drake Portals and e-signatures, our Spanish-language resources are here to help. Live Tax…

  • Boosting Client Retention: Essential Tips for Tax Preparation Businesses

    Client retention is key to the long-term success of any tax preparation business. Keeping clients happy and loyal contributes to a steady revenue stream and helps build a strong reputation. Why Client Retention Matters When it comes to staying ahead of the tax prep competition, maintaining a loyal client base is crucial. Not only does…

  • IRS Operation Hours: How to Reach the IRS and What to Do When You Can’t

    How Tax Professionals Can Efficiently Communicate with the IRS As a tax professional, navigating the IRS for client matters can be challenging—especially under tight deadlines or when standard processes don’t yield results. Whether you’re looking to resolve a tax notice, follow up on a filing issue, or clarify complex tax questions, understanding how and when…

  • Drake Software® Earns Top Rankings Again in 2025 CPA Practice Advisor Awards

    Consistency and reliability are paramount in the world of tax and accounting software — and with the publication of the 2025 CPA Practice Advisor Readers’ Choice Awards results, Drake Software once again has good reason to celebrate. For an several years, Drake Software has been recognized by tax professionals nationwide, reflecting ongoing trust in our…