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.

Pricing

Price Starts At:
$330.00

Integrations

All Drake Tax Integrations
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Screenshots and Video

Drake Tax Screenshot 1
Drake Tax Screenshot 1

Company Facts

Company Name:
Drake Software
Date Founded:
1977
Company Location:
United States
Company Website:
www.drakesoftware.com

Product Details

Deployment
SaaS
Training Options
Documentation Hub
Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

Drake Tax Categories and Features

Tax Preparation Software

Tax Practice Management Software

Approval Process Control
Billing & Invoicing
Client Management
Client Portal
Document Management
Due Date Tracking
Scenario Planning
Tax Filing
Tax Forms
Workflow Management

Tax Planning Software

Detailed Savings Calculations
Export Branded Proposal
Export Branded Tax Plan
Multi-Entity Planning
Multi-Year Planning
Proposed Legislation Planning
State & Local Planning
Strategy & Scenario Comparison
Tax Return Diagnostics
Tax Return Scanning

Corporate Tax Software

Compliance Management
Data Import / Export
Data Verification
Electronic Filing
Exception Notification
For Nonprofits
For Partnerships
K-1 Reporting
Payroll & Employer Forms
Status Tracking
Tax Planning

Drake Tax Customer Reviews

Write a Review
  • Reviewer Name: Joshua P.
    Position: Tax Preparer and Reviewer
    Has used product for: 2+ Years
    Uses the product: Monthly
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Drake Tax: A Wonderful Software Professional Tax Product

    Date: Nov 29 2022
    Summary

    Overall, I used this product for years and found it to be a great application for what it is intended to do. The software also allows for a variety of pricing options and also simplifies producing returns that have multiple state returns required or have other rare problems that tax professionals may have to encounter in their day-to-day operations.

    Positive

    The ease of use of this tool was great, I was trained on this software back in 2017 and used it through 2020. The tool allows for quickly jumping through the various aspects of the tax return. In particular, the flow through abilities to compare changes from prior years along with adding in corporate, partnership or other flow-through information is greatly helpful when coordinating multiple workers working on the same individuals set of returns when they have more then one type of tax return to file.

    Negative

    The user interface and key combinations can be challenging at times and depending on the setup of the office, clients may have some issues reading or understanding the screen if you are sharing it with them. I used this program for years at my work, this was by far a very nice professional tax software and I had very few issues with the software. Some complained over the password and security aspects of the software being overly rigid, while some may see that as a complication given the ever increasing need for security, especially in this industry I would argue this is more of a positive then a true negative. My only real complaint with the software was that configuring printers and network devices could be challenging and the process for doing so could use improvement.

    Read More...
  • Reviewer Name: A Verified Reviewer
    Position: Tax Preparer
    Has used product for: 2+ Years
    Uses the product: Yearly
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Drake is Professional

    Date: Nov 20 2020
    Summary

    I found Drake to be very easy to use and filing taxes was very quick. My small Tax office was able to handle a rush of customers with ease and there were no hiccups or dragging systems. Very happy with Drake!

    Positive

    Very easy to navigate through this software and easy to understand what needs to be done. You don't have to be a Pro to use this!

    Negative

    There was nothing I didn't like when I used this software.

    Read More...
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