As tax professionals prepare for the 2025 filing season, staying up to date on changes to the Earned Income Credit (EIC) is essential—not just for compliance, but for maximizing client refunds and minimizing audit risk. The IRS has issued several adjustments for tax year 2024 (filed in 2025), affecting income thresholds, credit amounts, and due diligence requirements. Earned Income Credit updates, EIC 2025 tax season, EIC eligibility 2025, IRS EIC guidelines…

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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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Whether you are 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…

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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

Don't forget: You can streamline payment processing before April 15th! Learn more.…

Read more about Streamline payment processing before the April 15th deadline!

In addition to Drake Refund Pay, credit and debit payment options, Drake Pay now offers Automated Clearing House (ACH) as another secure form of payment.…

Read more about Drake Pay™ Got Even Better: Now Offering ACH as a Payment Option

Drake Refund Pay allows clients to pay tax prep fees directly from their refund at no cost to them. Find out more.…

Read more about Drake Refund Pay™ is Here: A No-Cost-to-Client "Pay-by-Refund" Option

We're thrilled to announce an exciting enhancement to payment management in Drake Accounting: Drake Pay integration. Continue reading for the full update.…

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Choosing tax-preparation software is a critical part of your pre-filing season checklist. Whether you renew or switch providers, the ritual rarely changes: purchase your software, review new features, and train staff. But did you know that you might not have to pay up front?…

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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. To dive deeper into these topics read our full blog post.…

Read more about Which Tax Prep Software Package is Right for You?