Drake tax preparation software helps in the electronic filing of tax returns:
Drake software makes the tax preparation process much easier and faster as compared to its competitors. Also, the filing process is free as users are not required to pay per-return transmission fess. No third-party e-filer is involved. It all contributes in making the return process hassle free and smooth.
Reliability and safety of data, a major issue for every business house, has been maintained by incorporating all the latest IT tools and also there are precautions in place so that probable threats can be kept to a minimum.
Drake software is an all-in-one solution, be it for individual e-filing or individual returns, and includes both federal and state tax return options. The software can handle 49 e-filing at a time and in the process saves a good deal of time, effort and resources.
Get an internet connection to E-File
The program comes installed with a program called Internet Electronic Filing which helps you to cut down on filing costs considerably. It is actually a client/server application that facilitates you to transmit files over the Internet. Tax returns can now be filed electronically without having to bear long distance charges. Activities like transmitting IRS files, picking acknowledgements, sending email support questions, as well as picking up support answers online, et al. can be performed by the click of a mouse. The transmission process is very fast and the user will also appreciate the user-friendly features that make the navigating process pretty simple.
All Federal Packages included
The Drake application has all the Federal tax packages 1040, 1040NR, 1041, 1065, 1120, 1120S, 706, 709, 990, and 990PF. The software is convenient in another way as well- there is no need to buy different modules since all that you need is already incorporated in the software for one low price.
The Drake software, apart from the federal package, also comes adorned with comprehensive state packages; all the 47 state packages are there. There is provision for both individual and business tax returns.
The tax software has all the prominent features on board, in addition to an array of user-friendly tools, making day-to-day operations much easier. The ones that immediately come to mind are- file backups, auto-entry, web update and email features. Then, there is the label and envelop feature as well meant to improve the client interaction process. The feature is pretty useful when it comes to printing name and address for your clients. You can use the query and filtering tools to personally select and decide the customers you want to receive your mailings.
Preparing error free reports
Drake software is designed so as to minimize errors that normally crops up while preparing taxes. You can always be in control of the report preparation process, whether it is Client & EF Reports, Standard & Custom Reports, or Real-Time Web Reports
What role can a Tax Application Hosting Service Provider play to enhance the inherent features of the Drake Tax Preparation Software?
The Drake Tax Software as can be seen is of great help and use to the tax preparers. But, still there are ways to improve the functionality and productivity of the software even more by availing the services of an application service provider. Let us checkout some of the areas where a service provider can help to improve the efficiency of the software:
Anywhere anytime connectivity
The local installation of the software is restricted to local use only. But, when the application is hosted on a terminal server by a service provider, it can be availed from anywhere at anytime. You only need to have an online connection to access the application.
Fast access and high uptime
Service providers are normally equipped with the latest IT tools and have qualified manpower to provide remote IT support. Online troubleshooting and real-time monitoring is there. These aspects, along with terminal server hosting make access to the application fast with low downtimes.
Host complementary applications and add-ons on the same terminal sever for better productivity
Integrating other applications as well as add-ons with the Drake Tax preparation software in a local desktop is a costly affair. This is because, apart from costs related to their installation, each application may have different system requirements. In a hosted environment these costs are irrelevant as applications and add-ons to be integrated are hosted on the same terminal server simultaneously.
Multi- user collaboration
Another aspect of a hosted environment is that multiple people can, apart from logging into the same application, now share files and information in real time. Tax preparers, CPAs, among others, can use the feature to collaborate with clients as well as tax preparers to streamline the tax preparation process. Real-time collaboration not only helps to prepare error free tax returns but also saves communication expenses.
Taking into consideration the above aspects, the Drake Software can be used more productively in a hosted environment. There are not only added functionality and user-friendly features that users can benefit from when going for a hosted Drake Tax preparation Software, but there are great cost benefits as well that can be taken advantage of.
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