Name: Drake Tax
Rating: 8.9 (10 reviews)
Author: Drake Software

Customer Identity and Access Management (CIAM)

Help Desk

Web and Video Conferencing

Customer Support

Feature Management

Mind Mapping

Push Notifications

Development

Business Intelligence (BI)

Calendar

Collaboration

Org Chart

Enterprise

Accounting

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Bot Mitigation

Business Rules Management

Cloud Storage

Cybersecurity Consulting

Data Center Infrastructure Management

Data Observability

Deception Technology

Desktop Management

Desktop Outsourcing

Electronic Data Interchange (EDI)

File Sync and Share

Fraud Detection

Hyper-Converged Infrastructure

Identity Management

Industrial IoT

Integration Platform as a Service (iPaaS)

Interoperability

Network Performance Monitoring

Network Troubleshooting

Operating Systems

Remote Support

Secure Access Control

Single Sign-On

Static Code Analysis

Vendor Risk Management

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Business Card Scanning

Content Management

Digital Content Creation

Direct Mail Automation

Email Marketing

Event Management

Graphics

IP Geolocation

Influencer Marketing

Intent Data

Market Research

Marketing Automation

Social Media Management

Survey & Forms Building

Usability Testing

Video Streaming

Web Analytics

Marketing

Meeting Room Booking

Project Management

Professional Services

Customer Relationship Management (CRM)

Sales Intelligence

eCommerce

Sales

Agriculture

Equation Editors

Healthcare Learning Management

Homeowner's Association (HOA) Management

Smart Cities

Vertical-Specific

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### Tax Preparation and Filing
Users generally praise Drake Tax for its efficient tax preparation and filing capabilities. They appreciate the ease of use, accuracy, and comprehensive coverage of all states and forms for various business entities. Some users highlight the software's error-checking features, which help ensure accurate tax returns. However, a few users mention minor challenges, such as difficulty in locating specific forms or sections for data entry. Despite these minor drawbacks, overall sentiment leans towards the software's effectiveness in simplifying the tax preparation and filing process for both individual and business income tax returns.

### Compliance and Error Handling
Users also appreciate Drake Tax for its comprehensive coverage of tax programs, including personal, business, partnership, and corporate filings. The program's ability to display exact forms required by the government and provide a snapshot of return status through the Calculate sub-routine is highly valued by users. However, there are mixed opinions regarding Drake Tax's compliance and error handling capabilities, with some users expressing concerns about potential weaknesses in this area.

### Software Features and Updates
Users unanimously praise Drake Tax for its robust software and consistent updates. The software's ability to provide a wide range of features, such as accurate tax calculations, staying up to date on new rules, and offering error checking functionalities, has been highly appreciated. Additionally, users find the software's interface user-friendly and easy to navigate, making it a preferred choice for tax return preparation. Despite some minor drawbacks, such as the need to relearn certain aspects when transitioning to Drake Tax, users generally agree that the software's features and updates contribute significantly to its overall effectiveness and efficiency.

### Software Performance and Reliability
Users consistently praise Drake Tax for its dependable and efficient software performance, citing its reliability as a key factor in streamlining tax return preparation processes. The software's robust functionality and consistent performance have garnered positive feedback, with users appreciating its ability to deliver accurate results without unnecessary complications. Additionally, the software's reliability and stability contribute to a smooth user experience, enhancing overall satisfaction with the product.

Users highly recommend Drake software for tax return preparation, stating that it is an excellent tool for accountants. They specifically suggest considering the purchase of the unlimited filing option with Drake accounting. Users also emphasize that Drake software effectively handles all their professional tax needs at a reasonable price point. However, they caution that individuals with limited experience in tax preparation may not find Drake software to be the best fit. Additionally, for those who heavily rely on software explanations instead of utilizing federal and state tax agency sources for research, Drake software may not be the ideal choice.

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.

## Key Features

**Save Time, Stay Productive**: According to the vendor, Drake Tax is designed to help users complete tasks more efficiently, with features such as quick calculation results and a user-friendly interface that simplifies data entry.

**Automatic Data Flow**: Drake Tax is said to automatically transfer data from federal returns to state and city returns, with the ability to override if needed. It also provides automatic credit for taxes paid to other jurisdictions and auto-fills information from ZIP Code and EIN entries.

**Multi-State Returns Made Easy**: The vendor claims that Drake Tax allows users to create multi-state returns without the need for additional state add-on modules, potentially reducing costs and simplifying the process.

**Efficient Data Management**: Drake Tax offers features like LookBack, which provides easy access to fields with data from the previous year, and LinkBacks, which tracks calculated results back to their sources. Users can also mark items on tax forms for verification or review. The software allows for updating prior-year data to the current year as needed.

**Data Backup and Restore**: According to the vendor, Drake Tax provides easy backup options for client data, including custom settings. Users can restore client data to the same or a different computer, and also back up data to Drake Portals (SecureFilePro) for secure cloud storage.

**Seamless Updates**: Drake Tax offers both automatic and manual software updates, ensuring users have access to the latest features and enhancements.

**Time-Saving Optional Hardware**: Drake Tax supports optional hardware such as digital signature pads or 2D barcode scanners, which the vendor suggests can help save time during the tax preparation process.

**Efficient Document Management**: With the Drake Documents feature, users can store and access tax forms, returns, and documents in a digital filing cabinet, potentially improving document organization and reducing physical storage needs.

**Spanish Language Support**: Drake Tax includes 12 printable taxpayer forms in Spanish, providing support for Spanish-speaking clients and bilingual tax professionals.

Drake Tax has become a valuable resource for tax professionals, solving various business problems and enhancing their efficiency. With Drake Tax, users can process tax returns accurately and stay updated with the latest tax laws and codes. This eliminates the need for printing or in-person meetings, making it convenient for virtual tax offices. The software's ability to create and e-file returns quickly and accurately allows users to assist customers efficiently, resulting in improved client service. Additionally, Drake Tax's cost-effectiveness and competitive features without extra fees make it a robust choice for small tax practices, helping users keep overhead costs low and increase business profits. Furthermore, its user-friendly interface and ability to handle different types of returns make it versatile for different clients. The software also assists in organizing clients' tax information with features like the tax organizer and client portal, streamlining the tax preparation process. Ultimately, Drake Tax's electronic processing of tax returns proves to be a helpful solution during tax season for users in the tax and accounting field.

Drake Tax is a tax practice management software solution with features that help users prepare and process customers’ returns. Its scheduler enables users to manage schedules and appointments, and a front office mode is available for staff who manage appointments but don’t need access to the full Drake Tax program.

OfficeTools Cloud is cloud-based accounting practice management software designed to enable firms to track client work and collaborate with their team anytime, anywhere, from any browser. OfficeTools is an CARET brand.

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OfficeTools Cloud

Drake Tax

Tax Practice Management

Drake Software

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What is Drake Tax?