Drake Software is Now One of The Best Rated Tax Preparation Software

A Comprehensive, All-in-One Professional Tax Software- developed by tax preparers for tax preparers.

Drake Tax Software is a complete, popular, and professional tax solution. It offers full customer satisfaction, reliability, customer support, and easy to use features. Moreover, majority of small and medium businesses are already using Drake Tax Software. It provides trouble free, accurate, timely, smooth tax filing and preparation.

Drake Tax Software provides the following solutions-

Electronic Filing

Drake Software is a leader in electronic filing, and continues to be one of the largest filers of electronic returns. With both state and federal transmission capabilities, this software has been used to successfully transmit more returns than any other commercial software package. With Drake, you get everything you need to e-file individual and business returns, both federal and state. A secure server processes your e-filed returns, which you can send through Drake to the IRS and appropriate states. Up to 49 states can be e-filed simultaneously.

Federal Packages

All Federal tax packages are included: 1040, 1040NR, 1041, 1065, 1120, 1120S, 706, 709, 990, and 990PF. Professional tax suite makes your purchase decision very simple. There are no separate modules to buy – everything you need is included for one low price.

State Packages

Drake Software’s all-inclusive tax software program includes 47 state packages. The state packages are comprehensive, offering both individual and business returns.

Reporting 

Reporting within Drake Software is accurate, robust, and easy to use. With client return reports, e-file reports, and real-time web reports, it’s easy to stay on top of the flow of your office.

Networking

Several people in your office can use Drake Software simultaneously while sharing data. Drake Software is network friendly, and is adaptable to just about any configuration.

Banking 

Drake software provides an easy way to add revenue to your tax season. It provides everything you need to offer bank products. With Drake and bank partners, you can offer bank products and print checks at no additional cost.

Diagnostics

Drake Software comes equipped with a tax year comparison tool, and provides messages & notes pages to help prevent IRS rejections.

Features of Drake Software 

Labels and Envelopes

Drake Software knows how important it is to stay in touch with your clients. Now you can easily print name and address information for your clients. Using query and filtering tools, you can target exactly those customers you want to receive your mailings. You can even generate mailings for birthday cards! Print options include: 

• Standard mailing labels
• Envelopes
• Post Cards
• Post-season and pre-season letters
• Payment Reminders
• Appointment Reminders

Files Backup

Having backups of your important tax files is crucial to your business continuity. Drake Software provides an easy-to-use utility to help you accomplish this. You can back up all of your client files, a single client file, or customize a list of exactly which files to backup. In addition you can back up Drake Tax Software setup and configuration files. You can also select to back up to a USB drive, network location or 3.5" floppy drives. 

Auto-Entry

Quite often your clients share information such as Zip Codes, employers, and child care providers. This sometimes requires you to key identical information more than once in several returns. 

Drake Software lets you reduce or eliminate the need for repetitive data entry. 

• Thanks to Drakes’ Zip Code database, after you enter a Zip Code, the software automatically fills in the city and state.
• As you enter EIN numbers, they are saved in an EIN database. The next time the EIN is used, the provider's information will be automatically filled for you.

 Web Updates

Drake Software knows how important it is to have the latest information and updates for your software. This becomes a simple task using Update Manager. With Update Manager, this task is automatic. Your system will check for updates and determine if one is needed. 

• You decide what programs to update. No wasting resources updating areas you don’t use.
• Choose to update manually or set up to download and install updates on a predetermined schedule. 
• Install updates immediately or hold them for later installation.
• Updates are designed to be small and lightweight with no long download times, even if you are using a dial-up connection.

 Email 

Drake Software hosts free email accounts for customers. It's great for reminding your clients of appointments! Other features to help streamline your communications include: 

• Send and receive email with attachments.
• Create mailing lists for clients using the built-in query tool.
• Organize your contacts with Contact Lists and Address Books. 
• Drake Software Support Address Book.
• Search client data files for email addresses and add them to your contacts.
• Send client data files to Drake Support for help resolving issues with a client’s return.

 Amortization Schedule

Amortization schedules are an important part of any tax practice. Whether you have to fill in your client’s missing data or you just need to research different scenarios, Drake Tax Software provides you with the tools you need. You get support for several types of standard loans and features including: 

• Automatic calculation of payment amount, interest, or loan length.
• Amortization schedule with customizable loan start dates and annual and grand totals.
• Fixed payment loans.
• Fixed principal loans.
• Balloon loans.