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What is Drake Tax?

Drake Tax is equipped with a multitude of features that are specifically designed to enhance the efficiency of tax return preparation and processing for your clientele. This enables you to focus on what truly matters—building relationships with clients and growing your business. With Drake Tax, every facet of return preparation can be accelerated, ensuring that both the calculation outcomes and a detailed overview of the return are easily accessible with just a click. You can also designate items within any text field, checkbox, or tax form amount as verified, flagged for review, or marked for additional scrutiny. Should any details regarding a confirmed item change, the DoubleCheck feature will swiftly notify you for further inspection. Additionally, the software includes shortcut keys and macros, which streamline the data entry procedure, thereby minimizing the number of keystrokes needed. It also promotes a seamless transfer of data between federal, state, and city returns, while offering override options when necessary. State and city returns can be generated on demand, automatically considering taxes paid to other jurisdictions as well. Moreover, Drake Tax simplifies the process by auto-filling information based on ZIP Code and EIN entries, resulting in increased accuracy and efficiency during tax preparation. Altogether, these features make Drake Tax an essential resource for tax professionals striving to enhance their productivity and service quality. It not only saves time but also reduces the chances of errors, making it a reliable choice for any tax practice.

What is Bloomberg Corporate Tax Auditing & Planning?

Improve operational efficiency by automatically calculating, tracking, and analyzing federal and corporate income tax features across multiple years, including net operating losses, carryforwards, and carrybacks. Create optimal strategies for multistate taxation by employing accurate state tax analysis software that effectively integrates and shares tax data, facilitating smoother processes in provision, compliance, planning, and audits. This automated method not only enhances time management but also significantly reduces the likelihood of human error in tax reporting. Furthermore, leveraging technology in tax processes can lead to more informed decision-making and better overall financial outcomes.

Media

Media

Integrations Supported

Cloud 9 Hosting
Cloudwalks
Doc.It by IRIS
Rightworks
Sagenext
SmartVault
Soraban
StanfordTax
TaxDome
Truss
UltimateTax
Verito

Integrations Supported

API Availability

API Availability

Pricing Information

$330.00

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

Drake Software

Date Founded

1977

Company Location

United States

Company Website

www.drakesoftware.com

Company Facts

Organization Name

Bloomberg Tax & Accounting

Company Location

United States

Company Website

pro.bloombergtax.com/corporate-tax-auditing-planning/

Categories and Features

Corporate Tax

Data Import / Export
Data Verification
Electronic Filing
Exception Notification
Tax Planning

Tax Planning

Not specified

Tax Practice Management

Billing & Invoicing
Scenario Planning
Tax Filing
Tax Forms

Tax Preparation

Not specified

Categories and Features

Corporate Tax

Not specified

Tax Compliance

Not specified

Tax Planning

Not specified

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