Average Ratings 2 Ratings

Total
ease
features
design
support

Average Ratings 2 Ratings

Total
ease
features
design
support

Description

Drake Tax is packed with an array of features designed to streamline the preparation and processing of tax returns for your clients efficiently. This allows you to concentrate on what matters most—engaging with clients and expanding your business. With Drake Tax, you can expedite every aspect of return preparation, ensuring that calculation results and a comprehensive view of the return are just a click away. You have the ability to mark items in any text field, checkbox, or tax form amount as verified, flagged for review, or noted for further examination. If any information for a confirmed item changes, the DoubleCheck feature will promptly flag it for review. In addition, shortcut keys and macros help to simplify the data entry process, significantly reducing the number of keystrokes required. The software facilitates an automatic flow of data from federal returns to state and city returns, while also providing options for overrides when necessary. State and city returns are generated on demand, and it automatically accounts for taxes paid to other jurisdictions. Furthermore, Drake Tax conveniently auto-fills information based on ZIP Code and EIN inputs, enhancing accuracy and efficiency in tax preparation. With all these features combined, Drake Tax becomes an invaluable tool for tax professionals aiming to optimize their workflow.

Description

Partnerships, S Corporations, C Corporations, multi-member Limited Liability Companies (LLCs), and trusts and estates are all crucial elements of your business structure. Streamline your tax preparation by importing last year's data directly into your TurboTax return, saving you valuable time. With our service, we will seamlessly integrate your QuickBooks Desktop income and expense accounts and categorize them for you. You can expect comprehensive assistance for accurately entering your business expenses, regardless of your tracking method. We will guide you step by step through all eligible deductible business expenses, covering everything from vehicles and supplies to advertising and travel costs. Additionally, you will receive tailored support and expert advice on tax forms related to S Corporations, partnerships, C Corporations, multi-member LLCs, and trusts. Discover the startup tax deductions available for new businesses, ensuring that you maximize your potential tax savings. This way, you can focus on growing your business while we take care of the tax details.

API Access

Has API No 

API Access

Has API Yes 

Screenshots View All

Screenshots View All

Integrations

Accointing by Glassnode No 
Cloudwalks Yes 
Doc.It by IRIS Yes 
Intuit FormFly No 
QuickBooks Cash No 
QuickBooks Desktop Pro No 
QuickBooks Online No 
QuickBooks Online Advanced No 
QuickBooks Self-Employed No 
SmartVault Yes 
Square Appointments No 
StanfordTax Yes 
TaxDome Yes 
Truss Yes 
TurboTax No 
UltimateTax Yes 
Verito Yes 

Integrations

Accointing by Glassnode Yes 
Cloudwalks No 
Doc.It by IRIS No 
Intuit FormFly Yes 
QuickBooks Cash Yes 
QuickBooks Desktop Pro Yes 
QuickBooks Online Yes 
QuickBooks Online Advanced Yes 
QuickBooks Self-Employed Yes 
SmartVault No 
Square Appointments Yes 
StanfordTax No 
TaxDome No 
Truss No 
TurboTax Yes 
UltimateTax No 
Verito No 

Pricing Details

$330.00
Free Trial No 
Free Version No 

Pricing Details

$169.99 one-time fee
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows Yes 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Drake Software

Founded

1977

Country

United States

Website

www.drakesoftware.com

Vendor Details

Company Name

Intuit

Founded

1983

Country

United States

Website

turbotax.intuit.com

Product Features

Corporate Tax

Compliance Management No 
Data Import / Export Yes 
Data Verification Yes 
Electronic Filing Yes 
Exception Notification Yes 
For Nonprofits No 
For Partnerships No 
K-1 Reporting No 
Payroll & Employer Forms No 
Status Tracking No 
Tax Planning Yes 

Tax Planning

Detailed Savings Calculations No 
Export Branded Proposal No 
Export Branded Tax Plan No 
Multi-Entity Planning No 
Multi-Year Planning No 
Proposed Legislation Planning No 
State & Local Planning No 
Strategy & Scenario Comparison No 
Tax Return Diagnostics No 
Tax Return Scanning No 

Tax Practice Management

Approval Process Control No 
Billing & Invoicing Yes 
Client Management No 
Client Portal No 
Document Management No 
Due Date Tracking No 
Scenario Planning Yes 
Tax Filing Yes 
Tax Forms Yes 
Workflow Management No 

Product Features

Corporate Tax

Compliance Management No 
Data Import / Export Yes 
Data Verification Yes 
Electronic Filing Yes 
Exception Notification No 
For Nonprofits No 
For Partnerships No 
K-1 Reporting Yes 
Payroll & Employer Forms Yes 
Status Tracking No 
Tax Planning No 

Alternatives

Alternatives

Drake Tax Reviews

Drake Tax

Drake Software
CrossLink Reviews

CrossLink

CrossLink Professional Tax Solutions
UltraTax CS Reviews

UltraTax CS

Thomson Reuters
CrossLink Reviews

CrossLink

CrossLink Professional Tax Solutions