Drake Tax Overview
What is Drake Tax?
Drake Tax is a comprehensive, integrated tax practice management solution that goes beyond mere tax preparation to encompass the entire workflow of a professional tax firm. The software enables preparers to accurately prepare individual and business returns, with features for analyzing multiple tax years, estimating refund amounts, and creating password-protected PDFs for client delivery. It includes robust practice management tools like client organizers, document management, and scheduling. Unique features include the ability to 'flag' changes made during review for audit trails, perform 'what-if' scenario modeling (e.g., for marital status or income changes), and facilitate e-signatures. Its portability allows client data restoration on different systems.
Who it's for:
Drake Tax is designed for independent tax professionals, small to mid-sized accounting firms, and enrolled agents who seek an all-in-one system that combines powerful tax preparation with practice management utilities. It is particularly popular among sole practitioners and smaller firms that value the software's affordability, comprehensive feature set, and the inclusion of many practice management tools at no extra cost.
Our verdict:
Our verdict is that Drake Tax offers exceptional value and functionality for the price, especially for smaller tax practices. Its integration of preparation, planning, and practice management into a single package is a significant advantage, reducing the need for multiple disparate systems. The scenario analysis and detailed review tools are very strong. While its interface may feel less modern than some cloud-based competitors, its reliability, depth, and cost-effectiveness have earned it a loyal following among tax professionals who need a robust, all-encompassing toolkit.
Drake Tax Details
Drake Tax Platforms supported
Cloud, SaaS, Web-Based
Desktop Mac
Desktop Windows
Mobile Android
Mobile iPad
Mobile iPhone
Desktop Chromebook
Desktop Linux
On-Premise Linux
On-Premise Windows
Drake Tax Support options
Email Help Desk
FAQ Forum
Phone Support
Drake Tax Training options
Documentation
In-Person
Live Online
Webinars
Videos
Drake Tax Typical customers
Freelancers
Small Businesses
Small to Mid size businesses
Mid size businesses
Mid to Large size enterprises
Large enterprises
Very Large enterprises
Drake Tax Pricing
Tiered pricing system
Drake Tax Features
Most valued Drake Tax features by users
Approval Process Control
Billing & Invoicing
Client Management
Client Portal
Document Management
Due Date Tracking
Scenario Planning
Tax Filing
Tax Forms
Workflow Management
Compliance Management
Data Import/Export
Data Verification
Electronic Filing
Exception Notification
For Nonprofits
For Partnerships
K-1 Reporting
Payment Management
Payroll & Employer Forms
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