There are many different tax software options available for professional use throughout the U.S. today, but sometimes the choices can be overwhelming, and the pros and cons difficult to assess. In this article, we’ll look at one particular type of software that has long proved to be a reliable and effective source of help for many within the accounting industry: Drake Tax Software.
A tax preparation solution that was designed in 1977 for accounting professionals, Drake Tax Software has built up a solid reputation for being consistently reliable, cost-effective and user-friendly. Supporting both state and federal tax returns, it has become a popular choice for CPAs and accounting professionals throughout the country, and for those seeking to outsourcing tax return preparation, there are a plethora of third party providers already using it.
Below are some of Drake Tax Software’s key features:
- Wide range of tax prep tools
Supporting a comprehensive range of tax forms, such as business, individual, nonprofit and estate, Drake makes filing simple, no matter the complexity.
- Tax support across all states
For accounting firms with countrywide clients, the fact that Drake offers support across all 50 U.S. states, makes it a versatile solution.
- Accounting system integration
Whatever accounting and payroll system your accounting firm is using, Drake will seamlessly integrate with it, reducing errors and minimizing the need for data to be entered manually.
- An interface that’s user friendly
Designed for accountants, this software has workflows that can easily be customized, along with an intuitive interface, making tax season a breeze.
- Advanced capabilities for e-filing
With its e-filing feature, Drake software enables tax returns to be submitted quickly and securely.
Why is Drake Tax Software so critical for accounting professionals?
By simplifying the entire tax preparation process, Drake Tax Software can be a godsend for busy accounting firms and overwhelmed CPAs.
Here’s how it can help:
- By making workflows streamlined
Repetitive tasks can be automated, allowing accounting professionals to shift their focus to other, more strategic tasks and projects.
- By improving accuracy levels
The in-built tools Drake has for checking data, can significantly minimize the risk of errors.
- By saving time
Helping to expedite calculations and data entry, the software gives tax experts the ability to handle more returns, in a shorter space of time.
- By scaling along with your firm
Drake will grow alongside your accounting business, whatever its size.
Drake and cloud-based solutions
Tax software has its future firmly embedded in the cloud, and by moving Drake software to the cloud, you can bypass all of the limitations typically presented by systems that are desktop-based. You can also take advantage of the following advantages:
- Access to the software from anywhere, anytime
Provided you’re using a device that’s connected to the internet, you can access Drake software using cloud hosting, from absolutely anywhere, absolutely any when.
- Data security that’s enhanced
Most reputable cloud providers have stringent security measures in place to protect your data, such as firewalls, regular backups and encryption.
- Ability to collaborate with ease
With solutions that are cloud-based, multiple users can collaborate in real time, including tax preparation outsourcing providers.
- Reduction in IT costs
You can forget all about investing in costly hardware, or fretting over software updates with cloud hosting, as the provider takes care of it all for you.
A trusted tool for all accounting professionals and CPAs, Drake Tax Software can be truly transformational for anyone struggling to meet demand, scale up with ease, or offer their clients an enhanced level of service.