Drake Tax
Drake Tax is a professional tax preparation software designed to help small to mid-sized accounting firms manage federal and state returns with integrated e-filing and practice management tools.
TaxDome
TaxDome is an all-in-one practice management software designed specifically for tax and accounting professionals to automate workflows, manage clients, and streamline document processing in a single secure platform.
Quick Comparison
| Feature | Drake Tax | TaxDome |
|---|---|---|
| Website | drakesoftware.com | taxdome.com |
| Pricing Model | Subscription | Subscription |
| Starting Price | $99/month | $33/month |
| FREE Trial | ✓ 0 days free trial | ✓ 14 days free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 1977 | 2017 |
| Headquarters | Franklin, USA | New York, USA |
Overview
Drake Tax
Drake Tax provides you with a comprehensive suite of tools to handle federal and state tax returns for individuals and businesses. You can speed up your workflow using the built-in data entry shortcuts and automatic calculations that minimize manual errors. The platform includes integrated e-filing, allowing you to track the status of every return from transmission to IRS acceptance in real-time.
Beyond simple tax prep, you can manage your entire practice with included tools for document storage and client write-ups. The software is designed specifically for professional tax preparers who need a reliable, high-volume solution without the per-form costs found in other professional suites. You can choose between unlimited filing versions or pay-per-return options depending on your firm's specific volume and budget requirements.
TaxDome
TaxDome provides a unified workspace to manage your entire accounting or tax practice without switching between multiple apps. You can handle everything from client onboarding and document signing to invoicing and workflow automation within one secure environment. It eliminates the need for separate tools for portals, e-signatures, and project tracking, allowing you to centralize your firm's operations and communication.
You can automate repetitive tasks like sending reminders, requesting documents, and moving projects through different stages based on specific triggers. The platform is built to scale with your firm, whether you are a solo practitioner or managing a large team with complex departmental needs. By using the integrated client portal and mobile app, you provide a professional experience that makes it easy for your clients to upload documents and pay bills on time.
Overview
Drake Tax Features
- Lookback Tools View prior-year data instantly while working on current returns to ensure consistency and catch missed deductions for your clients.
- Automatic Calculations Update your tax results instantly as you enter data, with the software automatically choosing the most beneficial filing status.
- Integrated E-filing Submit federal and state returns directly to the IRS and track their acceptance status without leaving the application.
- Drake Documents Store and organize your client's tax records electronically to maintain a paperless office and meet record-keeping requirements.
- Multi-State Returns Generate and file multiple state returns simultaneously, with data flowing automatically from the federal return to save you time.
- Tax Planner Compare different financial scenarios for your clients to help them minimize their future tax liabilities and plan effectively.
TaxDome Features
- Automated Workflows. Move projects through custom pipelines automatically and trigger tasks, emails, or organizers based on job status changes.
- Secure Client Portal. Give your clients a branded space to upload documents, sign contracts, and pay invoices from any device.
- Unlimited E-signatures. Send documents for legally binding signatures with built-in KBA and automated reminders to ensure timely completion.
- Document Management. Store unlimited files with a structured folder system and use the desktop drive to edit files directly.
- Integrated Invoicing. Create recurring invoices and sync your payments directly with QuickBooks Online to keep your books balanced.
- Firm Mobile App. Manage your practice and communicate with clients on the go using native iOS and Android applications.
Pricing Comparison
Drake Tax Pricing
- Includes 15 tax returns
- Additional returns for $30 each
- All tax packages included
- Integrated e-filing
- Drake Documents and Scheduler
- Free online training
- Everything in Pay-Per-Return, plus:
- Unlimited individual returns
- Unlimited business returns
- Unlimited state returns
- Drake Tax Planner
- No per-return fees
TaxDome Pricing
- CRM with unlimited contacts
- Secure client portal
- Unlimited document storage
- Invoicing and payments
- Secure messages and chat
- Mobile app for firm and clients
- Everything in Lite, plus:
- Workflow automation
- Unlimited e-signatures
- Knowledge-based authentication (KBA)
- TaxDome Drive and PDF Editor
- Custom reporting and analytics
Pros & Cons
Drake Tax
Pros
- Fast data entry with keyboard-driven shortcuts
- Excellent customer support with short wait times
- All-in-one pricing includes all states and forms
- Reliable performance even during peak filing dates
Cons
- Interface looks dated compared to modern web apps
- Learning curve for navigating complex form trees
- Limited cloud-based features in the desktop version
TaxDome
Pros
- Consolidates multiple software subscriptions into one platform
- Highly customizable workflow pipelines save significant time
- Unlimited document storage and e-signatures included
- Excellent mobile app experience for both firm and clients
Cons
- Initial setup and automation configuration takes time
- Learning curve for staff unfamiliar with complex workflows
- Annual billing requirement for the best pricing rates