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  3. TaxWise® VS Drake Software

TaxWise® VS Drake Software

Let’s have a side-by-side comparison of TaxWise® vs Drake Software to find out which one is better. This software comparison between TaxWise® and Drake Software 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 TaxWise® or Drake Software fits your business.

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TaxWise®
TaxWise®

4.8

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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

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  • Ratings

  • Reviews

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  • Rating & Review
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  • Recommended
  • img 2 Ratings & 2 Reviews
  • icon_desktop icon_mac
  • img 2 Ratings & 2 Reviews
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Pricing

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Price Plans

$ 1689

TaxWise Online

$ 1689

TaxWise Desktop

View Details img

$ 349.99

Pay-Per-Return

$ 1795

Drake Tax 1040

$ 2195

Drake Tax Pro

View Details img

  • Free Trial
  • Lifetime Plan
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Ratings

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Overall ratings

4.8

2 Ratings & 2 Reviews

90% Likelihood to Recommend

See all TaxWise® reviews img

4.5

2 Ratings & 2 Reviews

90% Likelihood to Recommend

See all Drake Software reviews img

Reviews

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Reviews with Video

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TaxWise Tax Software Review
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TaxWise Tax Software Review - Usage Experience

See all (2)

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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)

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 TaxWise® alternatives img
H&R Block

H&R Block

TaxAct

TaxAct

FreeTaxUSA

FreeTaxUSA

Turbotax

Turbotax

See all Drake Software alternatives img

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TaxWise® vs Drake Software Comparison FAQs

Software questions,
answered

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

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

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

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

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

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

A Quick Comparison Between TaxWise® vs Drake Software

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

Comparison of TaxWise® vs Drake Software In terms of Features

TaxWise® includes features like Automatic Updates, Dependent Credits, Error Checking and Audit Assistance. Drake Software is known for functionalities like API Integration, Retirement Income & Contributions, Error Checking and Audit Risk Assessment. When you compare TaxWise® vs Drake Software, 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 TaxWise® and Drake Software In terms of Deployment Type

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

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

TaxWise® is ideal for industries like All Industries. For All Industries, Drake Software is a better choice. If you are confused between TaxWise® or Drake Software, 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? - TaxWise® or Drake Software

TaxWise® and Drake Software 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 TaxWise® and Drake Software during demo to decide which one is best for your business.

Author: Techjockey Team

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