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Drake Tax

Score7.6 out of 10

12 Reviews and Ratings

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What is Drake Tax?

Drake Tax is a tax preparation software designed specifically for tax professionals. It is intended to meet the needs of small to large tax preparation firms, including Certified Public Accountants (CPAs), Enrolled Agents (EAs), Tax Attorneys, Tax Consultants, and Accounting Firms. According to the vendor, Drake Tax aims to streamline the tax preparation process, saving time and increasing productivity for professionals in the tax industry.

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Categories & Use Cases

Who Buys & Uses Drake Tax

Drake Tax Reviews

What users are saying about Drake Tax.
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Best bargain tax software out there.

Incentivized
Verified User
General Manager in Finance and Accounting (1-10 employees employees)

Use Cases and Deployment Scope

Drake Tax is a great software for someone who is just starting out and looking for budget-friendly software. While the software has some difficulty figuring out how to do things, they have the best customer service of any tax software company that I have used (four companies total)

Pros

  • Lookbacks
  • Carryforward notes.

Cons

  • State and local returns - there's nothing that shows where there was data in a previous year.

Return on Investment

  • The Drake 250 plan is a great addition to the Drake family!

Usability

Good value for simple returns

Incentivized
Verified User
Partner in Finance and Accounting (1-10 employees employees)

Use Cases and Deployment Scope

We use Drake Tax in our firm to prepare tax returns for about 250 annual returns. It is a good fit for us because it is affordable.

Pros

  • Simple input
  • inexpensive
  • easy to use.

Cons

  • needs better diagnostics
  • not great help website
  • support is lacking

Return on Investment

  • Positive - kept costs low
  • negative - frustrations with forms being released late
  • positive - my team is familiar with it
  • negative - diagnostics don't catch much.

Usability

Alternatives Considered

CCH Axcess and Intuit Lacerte

Other Software Used

Canopy, QuickBooks Online, Dropbox