Click here for detailed survey responses for Drake Software. (Opens in new window; click once to enlarge.)
| General Information |
|
| Tax program name: |
Drake Software |
| Vendor name: |
Drake Software |
| Telephone (sales): |
800-890-9500 |
| E-mail (sales): |
Sales@DrakeSoftware.com |
| Website: |
DrakeSoftware.com |
| Number of users: |
34,000+ |
| Pricing |
|
| Price on Federal 1040 (new customers): |
$1,495 (with early season discounts as low as $1,095) |
| Increase from last year? |
Yes |
| By how much? |
$100 |
| Renewal price: |
$1,495 (with early season discounts as low as $1,095) |
| State price (new customers): |
Included |
| State renewal price: |
Included |
| Pay-per-return pricing: |
$285 (up to 15 returns) |
| Additional cost for e-filed returns: |
Included |
| Web/SaaS Version |
|
| Do you offer an online/SaaS version? |
Yes |
| Name: |
Web1040 or Remote1040 (SaaS) |
| Cost: |
$1,495 for either version (Web1040, Remote1040, or installed package) with early season discounts available. |
| Number of users: |
2,000+ |
| When introduced: |
Web1040 was introduced in 2008.
Remote 1040 was introduced in 2007. |
| Support |
|
| Toll free phone: |
800-890-9500 |
| Hours: |
Monday–Friday 8am–9pm EST
Tax season: Monday–Friday 8am–10pm, Saturday 8am–6pm EST |
| E-mail support? |
Yes |
| IM/Chat? |
No |
| Other? |
Knowledge Base, broadcast e-mails, online tax research forums |
| Features/Functionality |
|
| Do you offer organizers? |
Yes |
| Client letters? |
Yes |
| Client portals? |
No, not for preparer-to-client interaction. (This is in the works.) But we do provide for office-to-office and preparer-to-Drake interaction for Client Write-Up and payroll. |
| Does your software integrate with other products? |
It integrates with other features of Drake, as well as imports from Microsoft Excel and Access, QuickBooks and Peachtree. |
| New features added to your software for this year: |
-
Improved PDF generation of tax returns
-
Enhanced preparer security features
-
Ability to password protect and encrypt PDF copies of tax returns when e-mailing to clients
-
Enterprise Office Manager: A web portal for multisite management
-
Remote payroll entry portals for Client Write-Up: Web-based portals that allow employer to enter payroll info online. Then the accountant can download directly into Client Write-Up for processing and report generation.
-
Streamlined data entry on entity returns (1120, 1120S, 1065, 990)
-
Integration of extensive new tax law into 2009 calculations
-
Backup capabilities to the Drake Document Manager
-
Our Client Write-Up package will look and function more like the Drake Software program
-
Streamlined update system: If you install it, we update it for you automatically)
-
E1 Prepaid Visa Card
-
Accounts receivable for Client Write-Up
-
1040:
-
Enhanced Partner/Shareholder basis worksheets and calculations
-
Streamlining data entry
-
Integrating the extensive new tax law into 2009 calculations
-
Programming to support the first phase of modernized e-file on the 1040 product |
Additional Comments
Web1040 runs in a browser so it requires no install. Remote1040 is a thin client application that customers have to download. The thin client consists of a data entry module that runs locally on the customer’s machine. For both products calculation, printing and e-filing all happen on the server and are executed over SSL encryption.