Drake Software

  • 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,…

  • 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…

  • 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…

  • 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…

  • Which Tax Prep Software Package is Right for You?

    Tax preparers understand the importance of efficiency, accuracy, and affordability when choosing professional tax preparation software. With tax laws constantly evolving and client needs varying, having the right tools at your disposal is paramount to success. One such tool that stands out in the realm of tax preparation software is Drake Tax®, our flagship product…

  • Drake Software Hits the Road This Summer: Join Us at IRS Tax Forums and Trade shows!

    Summer events for the tax industry are in full swing as professionals from around the country gather to share resources, insight, software, and tools for the 2024 filing season. The Drake Software team has enjoyed the time on the road and the opportunities to meet users, demonstrate our tax prep solutions, and share industry expertise.…

  • IRS Updates FAQs on Third-Round Economic Impact Payments

    The Internal Revenue Service is going the extra mile to ensure taxpayers have the newest information on the third-round Economic Impact Payment. The agency’s frequently asked questions on the third-round payment have been updated with new dates and other information so taxpayers can make better decisions. The new FAQs are published in the IRS Fact…

  • IRS Highlights Gig Economy, Virtual Currency, and Foreign Source Income

    IRS Highlights Gig Economy, Virtual Currency, and Foreign Source Income Some new sources of income sometimes go where tax law hasn’t gone before. This leads to income slipping through the cracks for a while until the law catches up. The IRS wants taxpayers to know that in the areas of gig economy income, virtual currency…

  • Premium Tax Credit FAQs Updated

    The Internal Revenue Service has published a new set of frequently asked questions on the Premium Tax Credit, giving taxpayers the latest and best information on how—and why—to claim the credit. Start with the basics The Premium Tax Credit is aimed at low- or moderate-income taxpayers and families who may not be able to afford…

  • IRS Announces Increase in Interest Rates

    Judging from the likes of food, gasoline and other staples, it should come as no surprise that the Internal Revenue Service is revising its interest rates, starting in the second quarter of this year. The Internal Revenue Code dictates that interest rates are to be determined quarterly, and beginning next quarter, those rates are going…