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Drake Tax Software Review
What is Drake Tax Software?
Drake Tax is a professional tax management suite designed for small to medium-sized accounting firms. It is one of the products from Drake Software which is a tax software solution. Drake Tax aims to help tax professionals prepare and process returns quickly and efficiently so they will be to focus more on working with their clients and building their business.
Furthermore, Drake Tax speeds up the process of preparing returns through the aid of its shortcut keys and macros, reducing keystrokes and simplifying data entry. The software can also automatically calculate returns as users enter data. In addition, Drake Tax has the capability to export K-1 tax information to Form 1040, as well as, export 8615 parent’s tax information to a child’s Form 8615. Users can prepare multiple-state returns and print taxpayer forms in Spanish.
The software also allows users to analyze multiple tax years, comparing taxes from year to year. If there are errors in the calculation of returns, users can quickly identify and correct them. Last but not the least, the software allows them to e-file federal and state returns.
Show MoreOverview of Drake Tax Software Benefits
One of the interesting features offered by Drake Tax is that it enables users to quickly review the returns they are preparing and e-filing. After they calculate the return, the software displays the results of the calculation. Thus, they will be able to determine if the return is eligible for e-filing. Also, the software shows the fees and the refund amount in the calculation results.
Moreover, users can quickly identify if there are some errors in the calculation of returns. This is because Drake Tax displays error messages after they calculate returns. These error messages provide information on how they can correct the errors to prevent issues that can result in an IRS rejection. They can also add notes for tax forms and returns that serve as reminders for themselves, or they can use these notes to share important information with their staff.
In addition, Drake Tax provides users with the capability to import tax forms to the software. These forms include Forms W-2, K-1, and 1040. They can import Forms W-2 and K-1 using a 2D barcode scanner, a hardware that they have the option to integrate with the software. Aside from importing tax forms, the software enables them to export tax information to tax forms. As an example, they will be able to export K-1 tax information from 1041, 1120S, and 1065 returns to Form 1040.
Drake Tax also has an e-filing feature that allows users to submit tax returns online. In e-filing returns, they can attach PDF documents to returns. To eliminate paper versions of returns, Drake Tax provides them with the option to use a signature pad that enables their customers to electronically sign returns. Additionally, the software uses PIN and consent screens that are built so customers can easily approve the returns. This e-filing feature also enables users to e-file state and federal returns separately or combine them together.
Show MoreOverview of Drake Tax Software Features
- Calculation Results
- Calculation Error Messages
- Calculation Notes Messages
- Organized Return Viewing
- Import W-2s and K-1s Using 2D Barcode Scanner
- Schedule D (Form 1040) Import
- K-1 Tax Infomation Export
- 8165 Tax Information Export
- Taxpayer Forms in Spanish
- Multi-State Returns
- Shortcut Keys and Macros
- Automatic Data Flow
- Tax Planner
- Compare Taxes Year to Year
- Return Archiving
- Amortization Schedules
- Quick Estimator
- E-Filing
- PIN and Consent Screens
- Drake E-Sign
- Attach PDFs to Returns
- E-File States with Federal Return or Separately
Drake Tax Software Position In Our Categories
Knowing that companies have unique business wants, it is only sensible that they abstain from getting an all-encompassing, “perfect” software solution. Just the same, it is nearly futile to try to stumble on such an app even among branded software products. The reasonable step to undertake can be to write down the varied main functions that need consideration like crucial features, costing, skill competence of staff members, organizational size, etc. The second step is, you must double down on the research systematically. Read these Drake Tax Software reviews and check out the other software products in your list more closely. Such detailed research guarantee you take out unfit software solutions and subscribe to the system which meets all the benefits your company requires to achieve growth.
Position of Drake Tax Software in our main categories:
TOP
50
Drake Tax Software is one of the top 50 Tax Software products
If you are interested in Drake Tax Software it might also be sensible to check out other subcategories of Tax Software listed in our base of SaaS software reviews.
There are trendy and widely used applications in each software category. But are they essentially the best fit for your company’s special requirements? A market-leading software product may have thousands of subscribers, but does it provide what you need? For this reason, do not blindly spend on popular systems. Read at least a few Drake Tax Software Tax Software reviews and think about the elements that you desire in the software such as the fees, main functionality, available integrations etc. Then, select a few solutions that fit your wants. Check out the free trials of these platforms, read online reviews, get clarifications from the seller, and do your investigation thoroughly. This profound homework is sure to help you choose the best software solution for your company’s special needs.
How Much Does Drake Tax Software Cost?
Drake Tax Software Pricing Plans:
Free Trial
Drake Unlimited Version
$1395
Drake Pay-Per-Return Version
$300
What are Drake Tax Software pricing details?
Drake Tax Software Pricing Plans:
Free Trial
Drake Unlimited Version
$1395
Drake Pay-Per-Return Version
$300
Drake Tax offers two enterprise pricing plans for users to choose from. Here are the details:
Drake Unlimited Version
- $1395
- Unlimited Returns
- All Tax Packages, Federal, and State
- All E-Filing, Federal, and State
Bundled Software
- DrakeCWU
- Drake Documents
- Drake Tax Planner
Additional Features
- Free Online Training
- Free Support
Drake Pay-Per-Return Version
- $300
- 15 Returns
- Additional Returns Are $20 Each
- Can Convert To Unlimited After 85 Retrurns
- All Tax Packages, Federal, and State
- All E-Filing, Federal, and State
Bundled Software
- DrakeCWU (Available For $295)
- Drake Documents
- Drake Tax Planner
Additional Features
- Free Online Training
- Free Support
User Satisfaction
Positive Social Media Mentions
40
Negative Social Media Mentions
5
We are aware that when you decide to purchase a Tax Software it’s crucial not only to see how experts evaluate it in their reviews, but also to find out if the actual people and enterprises that use these solutions are indeed content with the service. Because of that need we’ve designer our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and Drake Tax Software reviews across a broad range of social media sites. The data is then featured in an easy to digest way revealing how many customers had positive and negative experience with Drake Tax Software. With that information at hand you should be prepared to make an informed purchasing decision that you won’t regret.
Technical details
Devices Supported
- Windows
- Android
- iPhone/iPad
- Web-based
Deployment
- Cloud Hosted
- On Premise
Language Support
- English
Pricing Model
- One-time payment
- Quote-based
Customer Types
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Drake Tax Software?
Drake Tax Software supports integration with GruntWorx, a web-based tax automation and organization solution.
Drake Tax Software User Reviews
Drake Tax Software average rating:
4/5
Overall impression
5/5
Customer Support
4/5
Value for Money
4/5
Ease of Use
Write your own review of this product
ADD A REVIEWThe most favorable review
PROS: If you're looking for a clean and straightforward tool to help you with your task works, then you won't go wrong with Drake. Their team is fast-acting and very responsive too!
CONS: I'm a longtime user and, so far, I haven't had any problems with this program yet.
The least favorable review
PROS: Drake is probably the best tool in its price-tier.
CONS: It's not as localized as I had originally hoped. There are some state policies that aren't covered.
More reviews from 4 actual users:
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Latest
- Latest
- Most useful
- Most positive
- Most negative
Very affordable!
Read full review >
4/5
Overall impression
4/5
Customer Support
3/5
Value for Money
3/5
Ease of Use
Published on: 23.10.2021
Company Size: More than 100 Employees
Industry: Accounting
PROS: Drake is probably the best tool in its price-tier.
CONS: It's not as localized as I had originally hoped. There are some state policies that aren't covered.
A genius tool that makes my life exponentially easier.
Read full review >
4/5
Overall impression
3/5
Customer Support
4/5
Value for Money
4/5
Ease of Use
Published on: 07.05.2021
Company Size: 1-10 Employees
Industry: Accounting
PROS: I bet most users would agree that Drake is king when it comes to simplifying the otherwise difficult tax of computing and filing for taxes. I can toggle from one view to another without any problem.
CONS: It's not easy to import our data directly into Drake's platform.
Simple and does its job well.
Read full review >
4/5
Overall impression
4/5
Customer Support
3/5
Value for Money
4/5
Ease of Use
Published on: 07.10.2019
Company Size: 1-10 Employees
Industry: Accounting
PROS: One of Drake's appeal is that it's really user-friendly and straightforward. It keeps my files well-maintained and organized.
CONS: It would be nice if Drake would send a report that would acknowledge receipt of our filed taxes.
A good tool for my industry.
Read full review >
5/5
Overall impression
4/5
Customer Support
4/5
Value for Money
5/5
Ease of Use
Published on: 30.09.2019
Company Size:
Industry: N/A
PROS: If you're looking for a clean and straightforward tool to help you with your task works, then you won't go wrong with Drake. Their team is fast-acting and very responsive too!
CONS: I'm a longtime user and, so far, I haven't had any problems with this program yet.
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Drake Tax Software user reviews
Very affordable!
Read full review >
4/5
Overall impression
4/5
Customer Support
3/5
Value for Money
3/5
Ease of Use
Published on: 23.10.2021
Company Size: More than 100 Employees
Industry: Accounting
A genius tool that makes my life exponentially easier.
Read full review >
4/5
Overall impression
3/5
Customer Support
4/5
Value for Money
4/5
Ease of Use
Published on: 07.05.2021
Company Size: 1-10 Employees
Industry: Accounting
Simple and does its job well.
Read full review >
4/5
Overall impression
4/5
Customer Support
3/5
Value for Money
4/5
Ease of Use
Published on: 07.10.2019
Company Size: 1-10 Employees
Industry: Accounting
A good tool for my industry.
Read full review >
5/5
Overall impression
4/5
Customer Support
4/5
Value for Money
5/5
Ease of Use
Published on: 30.09.2019
Company Size:
Industry: N/A
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