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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
Because businesses have special business needs, it is sensible that they abstain from purchasing an all-in-one, ”best” solution. Still, it is nearly futile to find such an app even among recognizable software solutions. The efficient step to do is to shortlist the numerous significant factors which need consideration including major features, costing, skill levels of staff members, company size, etc. Next, you should do your research thoroughly. Browse through these Drake Tax Software analyses and explore each of the software solutions in your list in detail. Such all-encompassing research ascertains you steer clear of poorly fit software products and select the system which includes all the tools your company requires in sustaining 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 may also be beneficial to check out other subcategories of Tax Software collected in our base of SaaS software reviews.
It's important to note that hardly any service in the Tax Software category is going to be an ideal solution able to match all the needs of various company types, sizes and industries. It may be a good idea to read a few Drake Tax Software Tax Software reviews first as specific services may perform well only in a really small group of applications or be created with a really specific industry in mind. Others might function with an idea of being simple and intuitive and consequently lack advanced functionalities welcomed by more experienced users. You can also find solutions that focus on a broad group of customers and provide a powerful feature base, however this in most cases comes at a more significant price of such a software. Make sure you're aware of your needs so that you select a service that offers exactly the elements you look for.
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 know that when you decide to purchase a Tax Software it’s important not only to learn how experts rank it in their reviews, but also to check whether the actual clients and enterprises that purchased it are genuinely happy with the product. Because of that need we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Drake Tax Software reviews across a vast array of social media sites. The information is then presented in a simple to understand way revealing how many customers had positive and negative experience with Drake Tax Software. With that information at your disposal you will be equipped to make an informed buying 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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