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  3. Drake Software VS TaxWise®

Drake Software VS TaxWise®

Let’s have a side-by-side comparison of Drake Software vs TaxWise® to find out which one is better. This software comparison between Drake Software and TaxWise® is based on genuine user reviews. Compare software prices, features, support, ease of use, and user reviews to make the best choice between these, and decide whether Drake Software or TaxWise® fits your business.

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Drake Software
Drake Software

4.5

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TaxWise®
TaxWise®

4.8

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Drake Software
Drake Software

4.5

Get Now
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TaxWise®
TaxWise®

4.8

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  • Recommended
  • img 2 Ratings & 2 Reviews
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  • img 2 Ratings & 2 Reviews
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Pricing

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Price Plans

$ 349.99

Pay-Per-Return

$ 1795

Drake Tax 1040

$ 2195

Drake Tax Pro

View Details img

$ 1689

TaxWise Online

$ 1689

TaxWise Desktop

View Details img

  • Free Trial
  • Lifetime Plan
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Ratings

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Overall ratings

4.5

2 Ratings & 2 Reviews

90% Likelihood to Recommend

See all Drake Software reviews img

4.8

2 Ratings & 2 Reviews

90% Likelihood to Recommend

See all TaxWise® reviews img

Reviews

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Reviews with Video

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Drake Tax Software Review Usage Experience
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Drake Software Review: 12 Things You Need To Know Before Buying

See all (2)

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TaxWise Tax Software Review
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TaxWise Tax Software Review - Usage Experience

See all (2)

Best Use for

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Business Size:

  • img Individual
  • img 2-50 Employees
  • img 51-250 Employees
  • img 250-500 Employees
  • img 500-1000 Employees
  • img More than 1000+ Employees
  • img Individual
  • img 2-50 Employees
  • img 51-250 Employees
  • img 250-500 Employees
  • img 500-1000 Employees
  • img More than 1000+ Employees

Business Type:

  • img Small Business
  • img Startups
  • img Medium Business
  • img Enterprise
  • img SMBs
  • img SMEs
  • img MSMBs
  • img MSMEs
  • img Freelancers
  • img Small Business
  • img Startups
  • img Medium Business
  • img Enterprise
  • img SMBs
  • img SMEs
  • img MSMBs
  • img MSMEs
  • img Freelancers

Industries:

  • imgAll Industries
  • imgAll Industries

We provide the best software solution for your business needs

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Features

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Tax Preparation & Filing

  • img Federal & State Tax Filing
  • img Automated Form Filling
  • img Multi-Year Filing
  • img Real-Time Calculations
  • img Return Preview & Validation
  • img e-File Support
  • img Tax Extension Filing
  • img Direct Deposit
  • img Federal & State Tax Filing
  • img Automated Form Filling
  • img Multi-Year Filing
  • img Real-Time Calculations
  • img Return Preview & Validation
  • img e-File Support
  • img Tax Extension Filing
  • img Direct Deposit

Income & Deductions Management

  • img W-2 & 1099 Import
  • img Self-Employment Support
  • img Investment & Capital Gains Reporting
  • img Rental Income Management
  • img Charitable Contributions
  • img Medical & Educational Expenses
  • img Dependent Credits
  • img Retirement Income & Contributions
  • img W-2 & 1099 Import
  • img Self-Employment Support
  • img Investment & Capital Gains Reporting
  • img Rental Income Management
  • img Charitable Contributions
  • img Medical & Educational Expenses
  • img Dependent Credits
  • img Retirement Income & Contributions

Compliance & Audit Support

  • img Tax Law Compliance
  • img Automatic Updates
  • img Error Checking
  • img Audit Risk Assessment
  • img Audit Assistance
  • img ID Validation
  • img Self-Employed & Gig Worker Compliance
  • img Nonprofit Support
  • img Franchise Tax Compliance
  • img Tax Law Compliance
  • img Automatic Updates
  • img Error Checking
  • img Audit Risk Assessment
  • img Audit Assistance
  • img ID Validation
  • img Self-Employed & Gig Worker Compliance
  • img Nonprofit Support
  • img Franchise Tax Compliance

Business & Enterprise Features

  • img Business Tax Filing
  • img Payroll Tax Management
  • img Sales Tax Management
  • img Multi-State Support
  • img International Reporting
  • img Nexus Management
  • img Asset Depreciation
  • img Business Tax Filing
  • img Payroll Tax Management
  • img Sales Tax Management
  • img Multi-State Support
  • img International Reporting
  • img Nexus Management
  • img Asset Depreciation

Integration & Automation

  • img Accounting Software Integration
  • img Financial Data Import
  • img E-Signature Integration
  • img Estimated Tax Automation
  • img API Integration
  • img Third Party Integration
  • img Accounting Software Integration
  • img Financial Data Import
  • img E-Signature Integration
  • img Estimated Tax Automation
  • img API Integration
  • img Third Party Integration

Security & Data Protection

  • img Data Encryption
  • img Two-Factor Authentication (2FA)
  • img Fraud Protection
  • img IRS Security Standards
  • img Data Backup
  • img Role-Based Access Control (RBAC)
  • img GDPR and CCPA Compliance
  • img Data Encryption
  • img Two-Factor Authentication (2FA)
  • img Fraud Protection
  • img IRS Security Standards
  • img Data Backup
  • img Role-Based Access Control (RBAC)
  • img GDPR and CCPA Compliance

Analytics & Reporting

  • img Cryptocurrency Reporting
  • img Customizable Reports
  • img Tax Planning & Forecasting
  • img Cryptocurrency Reporting
  • img Customizable Reports
  • img Tax Planning & Forecasting

Specifications

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Deployment

  • img Web based
  • img On Premises
  • img Web based
  • img On Premises

Device Supported

  • img Desktop
  • img Mobile
  • img iPad
  • img Tablet
  • img Desktop
  • img Mobile
  • img iPad
  • img Tablet

Supported Platforms

  • img Windows
  • img Mac OS
  • img Android
  • img iOS
  • img Linux
  • img Ubuntu
  • img Windows
  • img Mac OS
  • img Android
  • img iOS
  • img Linux
  • img Ubuntu

Languages support

  • imgEnglish
  • imgEnglish

Alternatives

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Top Alternative Products

H&R Block

H&R Block

TaxAct

TaxAct

FreeTaxUSA

FreeTaxUSA

Turbotax

Turbotax

See all Drake Software alternatives img
H&R Block

H&R Block

TaxAct

TaxAct

FreeTaxUSA

FreeTaxUSA

Turbotax

Turbotax

See all TaxWise® alternatives img

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Drake Software vs TaxWise® Comparison FAQs

Software questions,
answered

While Drake Software offers customized features, TaxWise® has diverse modules. Select between Drake Software or TaxWise® as per your business needs.

Both these products offer similar features but with a different approach. While Drake Software emphasizes on user experiences, TaxWise® focuses on functionalities.

It all depends on the functionalities that you prefer. While Drake Software offers add-ons along with essential features, TaxWise® emphasizes on customization.

No, the difference between Drake Software and TaxWise® lies in terms of features and functionalities. While Drake Software can be customized as per the user’s needs, TaxWise® addresses the diverse audience.

It depends upon your business requirement. Both Drake Software and TaxWise® provides standard features to cater diverse industry needs.

The difference lies in terms of the user interface and functionalities. While Drake Software is customizable, Drake Software offers comprehensive modules.

A Quick Comparison Between Drake Software vs TaxWise®

Choosing any software for your organisation is a crucial decision. As a decision maker, you must ensure that the software you choose addresses the pain points of your teams and reaps maximum benefit for you.

  • Comparison of Drake Software vs TaxWise® In terms of Features
  • Comparison Between Drake Software and TaxWise® In terms of Deployment Type
  • Drake Software or TaxWise®: Which Is Ideal for Your Industry
  • Which Is Better? - Drake Software or TaxWise®

Comparison of Drake Software vs TaxWise® In terms of Features

Drake Software includes features like API Integration, Retirement Income & Contributions, Error Checking and Audit Risk Assessment. TaxWise® is known for functionalities like Automatic Updates, Dependent Credits, Error Checking and Audit Assistance. When you compare Drake Software vs TaxWise®, look for scalability, customization, ease of use, customer support and other key factors. The one which suits your business needs is the best.

Comparison Between Drake Software and TaxWise® In terms of Deployment Type

While Drake Software supports Web Based and On Premises deployment; TaxWise® is suitable for Web Based and On Premises deployment. While selecting between Drake Software and TaxWise®, figure out which one of the two is compatible with your devices. This will help in reducing the hassle after implementation.

Drake Software or TaxWise®: Which Is Ideal for Your Industry

Drake Software is ideal for industries like All Industries. For All Industries, TaxWise® is a better choice. If you are confused between Drake Software or TaxWise®, you can also check if the software has customizable modules for your industry. Industry-specific functionalities will ensure higher efficiency and ROI. However, do check for the hidden price, is any.

Which Is Better? - Drake Software or TaxWise®

Drake Software and TaxWise® can be used for different purposes and are well-suited for teams with specific needs. If you are looking for a platform that is easy to use, has low barriers to entry, and offers a lot of customization, flexibility, and integration options, then you must compare their specifications in detail at the time of demo. Compare Drake Software and TaxWise® during demo to decide which one is best for your business.

Author: Techjockey Team

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