Tax News
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SMS Now Available for MFA
Great news! SMS text messaging is now available as a method for multi-factor authentication (MFA). Previously, MFA required an authenticator app. With this update, you can now choose to receive your authentication code via text message during login, offering a more convenient option without compromising security. You must Opt-In to receive SMS for MFA. The…
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Workflow Tax Year Toggle Now Available
We’re excited to share an update that gives you more flexibility and clarity when managing client work in Drake Hub. The Workflow year toggle is now live on the Workflow tab in Drake Hub, allowing you to easily switch between Tax Year 2024 (TY24) and Tax Year 2025 (TY25). What’s new This update is designed to make…
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How to Become a Tax Preparer
Whether you’re pursuing part-time seasonal work or launching a full-time tax practice, one of the first steps is understanding how to become a tax preparer. In this guide, we’ll walk you through the IRS registration process, key requirements, and how Drake Software®, an authorized e-file provider, can help you start strong. Step 1: Understand the…
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The New Drake Portals Experience: Designed for Tax Pros and Their Clients
A smoother, smarter, and more connected way to collaborate with your clients is here. Drake Software® is excited to introduce the all-new Drake Portals® taxpayer experience — built to streamline communication, enhance visibility, and simplify your daily workflow. Why the New Experience Matters In today’s fast-paced tax environment, clients expect transparency, speed, and convenience —…
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Drake Alert: Beware of Phishing Emails Asking for EFIN
We have received reports of emails sent to users as themselves or from Gmail emails with the from sender name, as if they are Drake Software® and use language that looks like an IRS or Drake Software request for EFIN verification. These phishing messages are not from Drake Software. What’s Happening They are spoofed emails…
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Preparing for Policy Changes Ahead of Tax Season
Here is an overview of what may happen and how to prepare ahead of the next tax season. Download the resource below for a comprehensive breakdown of key policy areas and actionable steps for tax professionals and small businesses. Note: These are just predictions. Things change and happen very quickly. We will notify you as…
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Qualified Business Income Deduction (QBI): A Guide for Tax Professionals
The Qualified Business Income (QBI) deduction, also known as the Section 199A deduction, allows many pass-through business owners to deduct up to 20% of their qualified business income on their tax return. This guide explains what QBI is, how to calculate the deduction, which businesses qualify (and don’t), and special considerations like real estate…
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Bank Products and Mobile Payment Apps
Bank Products and Peer-to-Peer Apps: What Tax Pros Need to Know As tax season approaches, clients increasingly want fast, flexible options for receiving their tax refunds. While bank products remain a trusted method used by tax professionals for years, peer-to-peer (P2P) payment apps like Cash App®, Venmo®, and PayPal® are becoming more popular—especially among younger…
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6 Practical Tips for Managing Difficult Tax Clients
6 Practical Tips for Managing Difficult Tax Clients Tax season can bring out the best—and worst—in your clientele. Stress, deadlines, and complex financial issues may cause some tax customers to act impatient, defensive, or outright combative. As a professional tax preparer, knowing how to handle difficult clients is essential for maintaining professionalism, protecting your time,…
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Drake Software: Empowering Tax Professionals with Comprehensive Solutions
In today’s fast-paced tax and accounting world, professionals need more than just software — they need reliable tools, integrated solutions, and a partner who understands the evolving challenges of the industry. Let’s explore Drake’s products and services – your chance to see what’s ahead and stay ahead with Drake. Our products and how they can…