In this modern age, there surely many things have changed regarding businesses and this is the main reason why businesses out there have to make changes in their way of doing in work in order to stay relevant in the industry.
But there is one thing that has not changed in all the businesses in the world and that is the compulsion of filing taxes.
It doesn’t matter in which corner of the world you are running or your business or what is the size of your business, you just can’t avoid filing taxes. The procedure, timing, deductions, and other laws related to tax filing can be different, but the compulsion of filing taxes is everywhere. There is nothing like you have an option of whether to file taxes or not as it is mandatory for all the businesses according to their national or state law.
But there is one that has surely changed even in the world of tax filing and that is the ways business owner file taxes. Gone are those days when people used pen and paper for filing taxes as we have moved into the digital era where software solutions are being used in order to file taxes more accurately, efficiently, quickly, and safely.
There is no denial of the fact that there are many tax solutions out there as almost all the businesses out there are using tax software solutions for filing taxes, but the one tax solution that stands out from the crowd and offers the most seamless tax filing system is Drake Tax software.
What you should know about Drake tax software?
The very popular Drake tax software is a reliable, user-friendly, robust, and advanced tax based software for filing taxes in the small and medium-sized business segment. The main reason why Drake tax software stands out from the crowd lies in its customization options that offer in-depth details of the different areas of business operation.
In addition to the tax preparation services, the advanced drake software also includes a module that allows the tax professionals to look at the overall health and efficiency of the clients. But in this blog post, we are not going to talk about what you should know about Drake tax software and why it is the best tax software in the market, rather, we are going to talk about the top 12 features of this advanced tax based software so that you can understand its importance.
The top 12 features of Drake tax software:-
1. Individual and joint tax filing
If you will use the advanced drake tax software then it will give you both the options of individual and joint tax filing. So you will not have to use another tax software for joint tax filing if you will be using your basic software for individual tax filing.
2. Loan calculator
If you are not sure about the amount of the loan, its interest rate, and the time period it will require your business to pay the loan then you can use the advanced loan calculator feature of the software.
You get the advanced feature of e-filing if you keep tabs on the world of taxes, then you must be aware of the fact that e-filing is the safest form of tax filing and since it is quick and accurate, it makes you streamline your tax filing practices as well.
4. Quick Estimator
There is also the availability of the advanced feature of Quick Estimator in this robust tax software. Just within a few clicks, this advanced tax software will show you the return due and thus you will become much faster with your tax filing.
5. Drake scheduler
This scheduler is one of the most eminent features of the software and with the help of this feature, you will be able to make quick appointments and you can even add multiple schedules for an individual without any hassle.
6. Drake documents
The very popular Drake document will completely eliminate your need of dealing with paperwork while managing your data during tax filing. With the help of this feature, you can easily save, share, and access all your data in a centralized format.
7. Tax planner
It is one of the best options out there that can help you in saving time by simplifying data entry and minimizing keystrokes. You can also compare the data of different years of tax filing with the help of this feature and this is why it is so effective.
8. Data restore and backup
With the help of this essential feature that comes along with the tax software, you can easily create a backup of the data and you will also be aware of the exact location from where you can get restore this data.
9. Research tool
This is a very user-friendly tool provided by Drake and with the help of this tool, the user can stay updated about the latest changes and modifications that are taking place in the tax industry.
10. Look back
This is one of the most talked-about features of the advanced tax software that allows you to easily view all the fields that had data in the last year. With the help of a keyboard shortcut, you can easily toggle the view and you can easily verify prior year data.
11. Trial balances import
If you will use this feature then you will just have to enter data from your balanced books in the trial balance sheet and then you will be able to import the data directly in 1120, 1065, 1120S return.
There will be no need of dealing with manual signature when you will be e-filing through this advanced tax software solution as there is the availability of a digital signature pad through which you can sign in digital format.
Drake tax software is not only an advanced and robust tax software, but it also one of the easiest to use software solutions out there. If you really want to streamline the process of tax filing and don’t want to deal with complex tax software then you should choose Drake tax software without any second thoughts.