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 in mind for the coming tax season and beyond.…

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Learn why handling IRS notices correctly matters and how you can support your clients effectively. Read the article.…

Read more about Why Tax Preparers Should Keep Clients Informed About IRS Notices

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. Click for the full post which contains more strategies for client partnerships.…

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Communicating with the Internal Revenue Service (IRS) can be a daunting task, especially when you're faced with time-sensitive questions or concerns for your clients’ taxes. Knowing how to reach out to the IRS for assistance is crucial for tax preparers seeking clarification or resolution to their issues. In this blog post, we will explore the three primary ways to contact the IRS and what steps to take if the standard systems don’t work.…

Read more about IRS Operation Hours: How to Reach the IRS and What to Do When You Can't

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. Read more.…

Read more about Drake Software® Earns Top Rankings Again in 2025 CPA Practice Advisor Awards

We're here to break down a few key ideas you can start using right away to help rise above the competition by using SEO specific to tax professionals.…

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In today’s competitive market, tax professionals must do more than prepare returns—they must market their services effectively to stay visible, help retain clients, and acquire new ones. Whether you're running a solo tax practice or managing a multi-preparer firm, a smart marketing strategy is key to client acquisition for tax professionals. Learn just how in our recent post.…

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Amid the ever-changing rules and regulations within the tax industry, we at Drake Software understand the importance of consistency and routinization to aid tax preparers in their roles. To achieve…

Read more about Post Season Checklist for Tax Professionals

We’re proud to share exciting news: Jared Ballew, Vice President of Government Relations at Drake Software, has been recognized as one of CPA Practice Advisor’s 2024 “20 Under 40”…

Read more about Jared Ballew Named a 2024 “20 Under 40” Influencer by CPA Practice Advisor

After a few years of delays, the reporting threshold for third party settlement organizations (TPSOs) reported on a Form 1099-K has officially dropped in 2025.…

Read more about Key Updates to Form 1099-K