Drake tax software vs proseries

What to consider when moving to office 365 2020 is the year to make a shift to microsoft office 365 office 365 home vs office 365 business. Even better, talk to a current customer of the software and ask for. Tax professionals and preparers need tax software too, and drake tax delivers a topnotch solution for preparing clients tax returns. If there are errors in the calculation of returns, users can quickly identify and correct them. Jun 03, 2011 free collaborative tax resource and research community created by tax pros for tax professionals and academia. Data importexport, basic reports, online customer support. Proseries basic 50 based on some of the most important and required business tax features. After 30 years of using proseries along with atx until 2012 and then proseries alone through tax yar 2017, i am finally ready to make the switch to drake. Apr 03, 2019 we compared over a dozen tax software programs and narrowed it down to six. To help you evaluate this, weve compared drake software vs. When you come to drake, bring your clients prior year tax returns with you with our. As in past years, most of the more than 3,500 respondents to the 2018 tax software survey used seven products, in order of prevalence. The big three tax software companies slip in market.

Plus, complete business returns click any line on the form to see all the associated data. For the results of last years survey, see 2016 tax software survey, jofa, aug. It rapidly grew from a family tax practice into a national brand by providing tax professionals with. Integrated electronic filing at no additional charge for all supported forms. When i switched software for the 2012 tax season, my staff did face a learning curve and it causes frustration with additional work load. Most conversions can be completed in a few simple steps. My experience with the drake software has been less than. Which intuit professional tax product is right for you. I am an ea and am considering switching from pro series to drake software. For example, atx and drake tax software are scored at 7.

Prepare 1040 returns with ease using intuitive formsbased entry. Tap where do i enter to find the right forms and fields fast. Proseries and proconnect tax online integrate with docusign. The tax preparers are always confused regarding which software to use for filing their tax returns. The survey asked about tax software products, and, as in previous years, seven products garnered significant numbers of responses. We went to a seminar where drake was presented to us and mainly based on the price difference, we chose to give drake a try. Tax professionals and corporations looking to file their returns.

Brought to you by intuit and based on wiki technology. Compare taxslayer vs drake tax software 2020 financesonline. Well have it back up and running as soon as possible. In proseries when you receive an error message pro series provide a link to. We can also convert your data for you, free of charge.

Some items to consider are ease of use, data entry, desktop installed or webbased, and document management. Drake s software model is much simpler, which limits some features but in my opinion increases system reliability. From a tax standpoint, oregon in particular has had a ton of programming errors, some of which ive pointed out and theyve turned around released updates but it just seems that the larger drake gets, the less they care about feedback about their software they used to be way. Conversions drake software professional tax software. Tax planner helps you plan 1040 returns in future years.

Drake software vs proseries basic 50 comparison itqlick. I thought it would be worthwhile to the rest of the world to share our experience with drake software as we tried to switch from pro series for the 2014 tax season. Crosslink, drake, taxwise, taxslayer pro, and proseries. Taxalmanac a free online tax research resource and community discussion. Lacerte 17% and proseries %, both products of intuit inc. Bergers firm has two locations, about 20 staff members and prepares about. Functional suite of products that get the job done. Cpa trendlines has released recent survey results that indicate atx, drake software, proseries, taxact, and turbotax have had a recent surge in popularity, leaving the big three tax software packages prosystem fx, lacerte, and ultra tax cs with a significant 12 percent slip in market shares. The estimated release dates for conversions is summer 2019. I cannot process tax returns i had started on the drake hosted solutions.

Tax software is the core of a tax preparers business, and the best tax software for tax preparers includes preparing individual and business returns. If you are converting from a program other than proseries, and. Im also biased, but im going to give you an unbiased answer. Drake shone in its users appreciation of its support 24. The software also allows users to analyze multiple tax years, comparing taxes from year to year. Professional tax software tax preparer software intuit. For example, here it is possible to match taxslayers overall score of 8. Proseries professional supports a wider range of tax forms. Atx, by cch small firm services, was used by 5%, the same percentage as last year. Finally, before making a commitment, download a demo of any software on the right to get some handson experience. I am an ea and am considering switching from pro series to. In tax year 20, 74% of proseries customers who utilized selfservice support did not have to call support to get their request answered.

If you are a new customer, your efile password was included in the email confirming your purchase. First a caveat that this is the first year that ive used drake software in my practice. Overall ratings were slightly higher than average for drake and ultratax cs. Proseries basic 50 vs drake software comparison itqlick. Lacerte tax maintained the highest rating for ease of use, but in 2016 had to share the distinction with intuit proseries. Drake tax from drake software is wellsuited for small to midsized accounting firms that process both individual and business taxes for clients. Drake tax vs proconnect tax online 2020 feature and. Compare atx vs drake tax software 2020 financesonline. Includes proseries tax import integrated within software. At one of the seminars i attended, there was a lady in her 50th tax season and had left atx for drake, she was happy with support and was adapting to the software, if she can so can you. I was able to unwind the damage it created, but other people we know had to resort to a wipe and reinstall. Please allow enough time for conversions to be processed. In a recent call with proseries, we were informed that 2,400 is a huge their emphasis proseries installation. After december 31, 2020, licensee may request a refund within 72 hours or three 3 business days of payment, provided licensee has not prepared or electronically filed any tax returns using the software.

Drake tax uses the tables in the appendix of publication 946, how to depreciate property, for assets with a life of up to 15 years if the asset has a life longer than 15 years, or is qualified indian reservation property, the software calculates the depreciation based on the method prescribed in publication 946, chapter 4, figuring depreciation under macrs. Here is a comparison of tax software available in the market that will help you to pick the right tax. Cch, intuit, and thomson reuters tax preparation packages were used by 35%, 29%, and 20% of respondents, respectively. Or, get them right away at support call if you need more help. Each products score is calculated by realtime data from verified user. My pro series pgm includes all states all types returns. This year may not be the best year to switch software if youstaff are very familiar with the existing software and now face a steep learning curve to use the new software on top of the tax law changes. Most former proseries users opted to use ultratax or drake. This software is very difficult to use and unable to handle complex business returns. If you have not set up a user account, you must sign in with your efin and efile password. The best tax software is a program that can deal with your companys specific requirements. There are no separate modules, and everything is included at one low price. One rate i was wondering if someone who has used both could advise me as to pros and cons. Also, how long does it take to get competent on new.

From a tax standpoint, oregon in particular has had a ton of programming errors, some of which ive pointed out and theyve turned around released updates but it just seems that the larger drake gets, the less they care about feedback about their. Free collaborative tax resource and research community created by tax pros for tax professionals and academia. We compared over a dozen tax software programs and narrowed it down to six. Drake accounting is an application that drake professional software has optimized to be its latest and most advanced in computer technology. Historical market share data from 20102020 shows proseries as having the most users than any other professional tax software. A perennial sore spot with most users, cost of the software.

Proseries and lacerte are taxpreparation software packages designed for professional tax preparers. Drake is about the cost for a program that covers reported all different returns. Drake hosted solutions went down on 22020, thursday at 4. Proseries infuriated me with a server corruption it introduced with a defective headstart release about 5 years ago. By comparison, drakes esignature hardware is for obtaining digital signatures. Drake tax software is a comprehensive, allinone professional tax solution that has been developed by tax preparers for tax preparers. When you buy drake tax, youll get the converter programs on cd. You will receive an email from the conversion team when your returns are finished. Populate accurately extracts information from scanned client documents and inserts it into leading tax preparation software. However, there are options and features that you need to consider to get the best for your tax business. Sep 03, 2009 certifed proadvisor thomas bouse, owner of north county tax, discusses features of lacerte professional tax software compared to other programs. Likewise, atx and drake tax software have a user satisfaction rating of na% and na%, respectively, which shows the general response they get from customers. Proseries tax preparation software and lacerte tax software have emerged as a boon for tax preparers.

Drake software is an allinone professional tax software that gives tax professionals and accountants the tools they need to prepare personal, business, state and federal tax returns. Thinking about switching to drake software drake atx. On one hand, i think it is a great software and easy to use. May 24, 2019 we also have proconnect tax online, a cloudbased solution for the professional tax preparer. You can also examine their general user satisfaction. Drake tax vs proconnect tax online 2020 feature and pricing. Last but not the least, the software allows them to efile federal and state returns. In addition, you can compare their pros and cons feature by feature, including their offered terms and rates. When you become a drake customer, you can bring your clients prioryear tax returns with you with our free data converter tools and conversion service. Tax preparation software and bank products page 12.

With % of the ratings, drake software was the only tax preparation package rated by a significant number of users that did not fall under the umbrella of one of the big three vendors. We also have proconnect tax online, a cloudbased solution for the professional tax preparer if you prepare tax returns for a fee and want to use intuit software, consider proseries, lacerte, or proconnect tax online, as the license agreement for turbotax. Drake, by drake software, and proseries, by intuit, were each used by 11% of the sample. Plus, tax preparers can work efficiently with accounting software integrations and collaborate using a secure client portal. Best i have seen for a tax program even during tax season. When it comes to professional tax software, there are many choices. What recommendations do you have for alternatives to proseries. To successfully acquire the most helpful and productive tax software for your firm, you should compare products available on the market. Atx 6% of respondents, cch axcess tax 4%, and cch prosystem fx 16%, all from wolters kluwer. Our website aims to equip tax professionals with the most complete, reliable, and current information on the best professional income tax software and bank products available on the market. Cch prosystem fx vs drake tax 2020 feature and pricing.

Nov 01, 2016 i am an ea and am considering switching from pro series to drake software. Drake software is a complete professional tax preparation program for federal and state returns, business and individual. Despite their overall enthusiasm for the product, however, drake users were unhappy about its integration, or lack of it, with other software 18% and tax research not being included in the package 22%. They should change the name of the software to simply drake, or drake simple. Proseries is tax software for small and mediumsized businesses. Jul 14, 2007 drake tax software is currently one of the best tax software available in the market.

Professional tax software comparison proseries pro vs. Proseries intuit to help a business enterprise in making the right decision. Proseries had the lowest number of users who needed to call into support in 2012 vs. The ultimate list and comparison of best tax software solutions. Frees up tax preparers time to focus on whats important. As a company, drake software was first marketed in 1977.

The tool should support the processes, workflows, reports and needs that matter to your team. Slip sheet folders and envelopes 12750b multitax folder. Ultratax cs, lacerte, cch prosystem fx, drake, proseries, atx, and cch axcess tax. Continuing a trend drake software, which has an actual market share of about 10% of the tax software market, won overwhelmingly. Not particularly happy with the hosted version, it runs slower every year. Compare drake tax vs lacerte headtohead across pricing, user satisfaction, and. Proseries i work at a small accounting firm and we use proseries to do all of our tax work.

Lacerte tax maintained the highest rating for ease of use, but in 2016 had to. Also, how long does it take to get competent on new software. Also, make sure you check out our compare top software section for further differentiating details. May 09, 2018 after 30 years of using proseries along with atx until 2012 and then proseries alone through tax yar 2017, i am finally ready to make the switch to drake. For tax preparation software, drake software retained the highest ratings for value for cost and customer support, but lost the highest overall rating to ultratax cs and atx.

If you prepare tax returns for a fee and want to use intuit software, consider proseries, lacerte, or proconnect tax online, as the license agreement for turbotax prohibits its use for commercial purposes. Drake software is designed for small and mediumsized accounting firms. To help you evaluate this, weve compared proseries basic 50 vs. Prosystem fx tax from cch, lacerte from intuit, and ultratax cs from thompson reuters. Most people who use one regularly swear by it, and most people who have switched away from a particular package will swear at it.