Introduction
Tax professionals need reliable, accurate, and efficient software to manage their workload, serve clients, and stay compliant with ever-changing tax laws. Drake Software is one of the most widely used solutions in the U.S., offering comprehensive tax preparation tools, accounting functions, and client portals. Whether you are an individual preparer or managing a tax firm, Drake provides the tools you need to simplify tax preparation and streamline client service.
This article explores what Drake Software is used for, its pricing, CEO details, safety measures, and how it generates revenue. We will also cover different products such as Drake Tax, Drake Accounting, and Drake Portals, making it easier for you to decide if this professional tax software is right for your practice.
What is Drake Software Used For?
Drake Software is a professional tax preparation and accounting platform built for CPAs, tax preparers, and accounting firms. It streamlines tax-related tasks by combining filing, accounting, and client management into one system.
One of its main functions is preparing and filing both federal and state tax returns. The software also includes built-in error-checking tools, helping professionals catch mistakes before submission.
Beyond tax filing, Drake Software supports client management. It offers secure storage and easy retrieval of client records, ensuring sensitive financial information is kept safe.
Who is the CEO of Drake Software?
As of the latest update, Steve Addoms serves as the CEO of Drake Software. Under his leadership, the company continues to enhance its services with cloud-based features, digital portals, and robust support for tax professionals across the U.S.
How Much Does Drake Software Cost?
Drake Software pricing is designed for flexibility, offering several plans based on your needs.
Drake Tax® Pricing
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Pay-Per-Return (PPR): Ideal for seasonal preparers or smaller practices. You only pay for each return filed.
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Unlimited Package: A flat annual fee that gives you unlimited return preparation, suitable for full-time tax professionals.
Additional Costs and Options:
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Bank Products / Pay with Refund Options – Allows clients to pay fees directly from their refunds.
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Audit Assistance & ID Protection – Add-ons to provide more security and support to your clients.
Pricing depends on whether you choose the pay-per-return model or the unlimited package. On average, professionals report the software cost being competitive compared to alternatives like Intuit ProSeries or UltraTax.
How Much Does Drake Software Pay?
If you’re wondering how much Drake pays employees, salaries vary by role and department. Like most software companies, software engineers, tax professionals, and support staff receive competitive pay relative to industry standards. While pay is not publicized in detail, job sites and employee reviews suggest Drake Software offers fair compensation with benefits, making it a solid employer in the tax software space.
How Does Drake Earn Money?
Drake Software generates revenue primarily through:
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Software Licenses – Annual subscriptions for unlimited returns or pay-per-return models.
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Bank Product Partnerships – Revenue sharing with financial institutions offering refund transfers and similar services.
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Training & Support Services – Tutorials, webinars, and professional courses.
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Add-On Products – Audit protection, identity theft protection, and client portals.
By offering multiple revenue streams, Drake remains profitable while keeping software affordable for professionals.
Is Drake Software Safe?
Yes, Drake Software is considered safe and reliable. It prioritizes data security, encryption, and compliance with IRS requirements. Features include:
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Multi-layer encryption to protect sensitive taxpayer data.
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Secure client portals for document exchange.
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Audit trails for compliance and record-keeping.
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Regular updates to keep up with evolving tax regulations.
Security is a major selling point for Drake, making it trusted by thousands of tax professionals nationwide.
Drake Software Products
Drake Tax Pro
This is the flagship product. It offers a comprehensive solution for tax professionals who need unlimited filing options, powerful error-checking, and a user-friendly interface.
Drake Tax Online
A cloud-based version that allows preparers to work remotely, collaborate, and store data securely without relying on local servers.
Drake Accounting
Built-in accounting software that helps with bookkeeping, payroll management, and business reporting – perfect for firms that provide both tax and accounting services.
Drake Portals
Client-facing portals designed to make document sharing, signatures, and communication secure and efficient.
Become a Tax Preparer with Drake
For those entering the tax preparation industry, Drake provides training, quick-start tutorials, and resources to help you get up to speed.
Quick Start Tutorial
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Step 1: Install or log in to Drake Tax.
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Step 2: Set up client profiles.
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Step 3: Enter return data using guided forms.
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Step 4: Review with built-in error check.
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Step 5: File returns electronically and securely.
This makes it beginner-friendly while still powerful enough for experienced professionals.
Why Choose Drake Software?
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Comprehensive features – Covers tax preparation, accounting, and client management.
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Flexible pricing – Pay-per-return or unlimited options.
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Security-first design – Keeps client data protected.
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Cloud and desktop options – Work the way that fits your practice.
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Strong support and training – Tutorials, webinars, and professional guidance.
Conclusion
Drake Software has established itself as a leading tax preparation and accounting solution trusted by professionals across the U.S. With secure portals, flexible pricing, and robust tools like Drake Tax, Drake Accounting, and Drake Portals, it provides everything a tax professional needs to succeed.
If you’re looking for software that balances affordability, reliability, and professional-grade features, Drake Software remains one of the strongest choices in the industry.
