Category: Drake Software

Why Tax Professionals Should Seek a Cloud Platform to Host Their Drake Software?

One of the most popular tax software programs, Drake helps tax professionals accomplish their tax-related tasks efficiently and quickly. Irrespective of the size of your business, the software allows you to stay focused on your core business operations and mitigate any tax-related challenges. Features like built-in forms, multi-state returns, automated data flow, etc., make the software among the most reliable and trusted resources. Although Drake is among the leading tax software programs, its desktop version has some flaws that often create hurdles for tax professionals. For instance, tax professionals cannot perform their tasks if they aren’t physically available on the ... Read more

Should Your Accounting Firm Use Drake On-Premise or In The Cloud?

Drake Tax software is preferred by many tax professionals, preparers, and CPAs. It streamlines tax filing and also offers audit tax reports. But if you are using it on a local desktop, you will face some restrictions.    For example, let’s talk about data accessibility. You have a situation where you need to complete a task urgently. But your best tax preparers are on vacation. You contact them for their guidance, but they don’t have access to the locally installed Drake Tax software. Thus, they won’t be able to help, and your task will take more time.    You can overcome the ... Read more

Why You Need a Good Cloud Hosting Provider to Host Your Drake Tax Software?

The cloud offers multiple benefits to companies and business owners. They get round-the-clock data access, better data security, easy scalability, reduced expenses, etc. Out of all, software hosting remains one of the most popular cloud offerings.    Tax professionals also embrace cloud services and host their tax software on the cloud, such as Drake Tax Software.  However, it is easy to get tormented with finding the right one with so many Drake tax hosting providers.  What exactly makes a good cloud hosting provider? They are the medium via which you will access your Drake tax on the cloud. So, it is ... Read more

Benefits of Hosting Drake Tax Software on Cloud

Drake is a popular tax software among tax preparers, CPAs, and accountants. The software allows them to prepare accurate tax returns and increase their productivity with features like e-Signature, Drake Tax Planner, Drake Scheduler, and more. However, tax professionals still face challenges like filing the returns on time, assisting their clients during non-business hours, collaborating with other team members, sharing files, and keeping the data secure. Hosting Drake on the cloud enhances its capabilities, solving the problems mentioned above for tax professionals and tax firms. Let’s shed some light on some of them in detail: 1. Access From Wherever, Whenever ... Read more

Why You Should Host Your Drake Software on HPC Servers

Drake software is a premium tax solution used by many tax preparers and professionals for filing accurate tax returns and creating customizable tax reports. It also offers additional benefits like loan calculator, tax planning module, and overall audit support. However, using the Drake software on legacy systems has its limitations, like the inability to handle complex data and slower computational capabilities, which hampers the end-user experience. Hosting your Drake on High-Performance Computing servers (HPCs), you can offset the traditional limitations and enhance your operational capacity. Here are four reasons why should you host your Drake software on HPC servers: 1. ... Read more

Drake Documents: 5 Features You Should Know

Drake Software has made its mark in the market with its tax and accounting solutions. According to the survey by the Journal of Accountancy, Drake Software has gained the highest overall rating (4.6/ 5) compared to other popular professional tax applications. Drake Software suite consists of three entities to ease financial and tax-related tasks, namely – Drake Tax Software, Drake Accounting, and Drake Documents. Here we will discuss Drake Documents, which is introduced as a part of Drake Tax Software. Drake Documents is an electronic filing cabinet that can help you free up physical space by storing PDFs of records, ... Read more

12 Useful Drake Tax Software Features You Are Not Using [Infographic]

Drake tax software is a complete tax software solution, best suited for small and medium-sized businesses. If you are already using DrakeTax Software for your business, then you may know some of its basic features like Drake Documents, Drake Scheduler, Drake Tax Planner, and many more. But still, many tax professionals might not know some other useful features to get the most out of it. Here are some useful Drake software features that you might not be using – 1. DoubleCheck In the enhanced view of Drake tax software, you can check off items using DoubleCheck. You can flag and ... Read more

Drake Cloud Hosting – How It Improves The Tax Workflow

It is that time of the year again when tax bells start ringing in every office. With the tax season coming up, businesses will slowly be under mounting pressure to file taxes accurately and timely. While the big corporations have a whole department just for this job working around the year, small businesses have to burn the midnight oil due to limited availability of resources. The technology is evolving at a rapid pace, and tax preparation software like Drake has come to the rescue by helping small businesses to streamline the tax filing process and make it a painless part ... Read more

Top 10 Super Useful Add-ons For Drake Software

Drake Software is a professional tax preparation software used widely for filing federal and state returns for individuals. Drake Software’s ease-of-use and cost-effective pricing plans make it one of the highest-rated professional tax software for filing returns. It accelerates the tax filing process for professionals and improves their productivity. Top features of Drake Tax Software include: Calculation of results showing fees and the refund amount Keyboard shortcuts for seamless navigation All-inclusive packages for any tax returns Error-checker describing the error location Online knowledge base for technical support However, Drake Software needs additional functionalities when considering the growing demands of today’s ... Read more