Drake Tax Preparation Software Coalinga CA

The Drake tax preparation suite includes tax compliance, unlimited e-filing, a client write-up system, document management, a tax planner, organizers, a firm website, banking options and access to RIA's Checkpoint online tax research platform.

Howie Pearsol
655 University Avenue
Sacramento, CA
Company
Company: First Allied Securities
Type
Registered Investor: Yes
Service
Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Individual Income Tax Planning,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Business Income Tax Planning,Fee-Only Comprehensive Financial Planning,Disability Insurance,Retirement Planning,Real Estate Inve

Data Provided by:
Mr. Wornel Simpson (RFC®), LUTCF
(916) 503-3196
821 Hawkcrest Circle
Sacramento, CA
Company
FSC Securities Corp
Qualifications
Education: BA
Years of Experience: 30
Membership
IARFC, FPA, NAIFA
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Retirement Planning, Tax Planning, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Charitable Planning

Data Provided by:
Richard Overdorff, CFP®
120 Vantis, Suite 300
Aliso Viejo, CA
Company
Company: Medallion West
Type
Investment Advisor Rep: Yes
Education
Penn State University MBA
Years Experience
Years Experience: 29
Service
IRA, 401k, Roth IRA, QDRO Rollovers,Wealth Management,Life Insurance,Investment & Portfolio Management,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning,401k Rollover From Employer,Reverse Mortgage,Disability Insurance,Retirement Planning,Long-Term Health Care Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Fee Only Portfolio Management,Income for Life/ Preserve Principal,Alternative Investments,Annuities,Alte

Data Provided by:
Lucille Shaw
2244 Faraday Ave
Carlsbad, CA
Company
Company: Finances For Life, LLC
Type
Investment Advisor Rep: Yes
Education
University of Illinois - BS Medical Laboratoy Sciences
Keller Graduate School of Management - MBA
Years Experience
Years Experience: 15
Service
Pension for Highly Compensated Owners,Stock Market Alternative,Alternative Investments,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Individual Income Tax Planning,Portfolio Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,Wealth Management,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance

Data Provided by:
Joseph Adelizzi (RFC®), JD
(760) 632-1338
191 Calle Magdalena, Ste 220
Encinitas, CA
Company
Security Planning Group, Inc.
Qualifications
Education: BBA Dowling College New YorkJD Western State University San Diego
Years of Experience: 27
Membership
IARFC, Bar
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Retirement Planning, Tax Planning, Seminars Work, Mortgage Loans, Annuities, Life Insurance, Charitable Planning, Asset Protection, BuySell

Data Provided by:
Paul Bonapart (RFC®), JD
(415) 927-2555
520 Tamalpais Drive, Suites 103 & 104
Corte Madera, CA
Company
Financial Security Planning Services, Inc.
Qualifications
Education: JD, RFC
Years of Experience: 20
Membership
IARFC
Services
Invoice, Estate Planning, Portfolio Management, Retirement Planning, Tax Planning, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Education Plan, Asset Protection, Compensation Plans

Data Provided by:
Douglas Grills
8975 Lawrence Welk Park Drive
Escondido, CA
Service
Medicaid,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Business Income Tax Planning,Fee-Only Comprehensive Financial Planning,Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribution Planning,E

Data Provided by:
Mr. Lawrence E. Creeden (RFC®), JD, MBA
P O Box 2634
Fullerton, CA
Qualifications
Education: BA Communications
California State University, Fullerton

MBA Taxation
Golden Gate University

JD Law
Western State University

Years of Experience: 31
Membership
IARFC, Bar
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, Stocks and Bonds, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Education Plan, Healthcare Accounts, Asset Protection, BuySell

Data Provided by:
Mr. Araik Erik Margaryan (RFC®), MBA, RFP
(818) 303-1714
150 E. Olive Ave.,
Burbank, CA
Company
Intelligent Financial Services, Inc.
Qualifications
Education: B.A. in Economics, Master of Business Administration
Years of Experience: 17
Membership
IARFC, AICPA
Services
Invoice, Estate Planning, Business Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Business Coach, Education Plan, Asset Protection, LiabCover, Compensation Plans

Data Provided by:
Robert A. Leanza (RFC®), CFP
(951) 699-2473
40164 Stowe Road
Temecula, CA
Company
Financial Dynamics, LLC
Qualifications
Education: B.S. Business Administration-Finance/Investments. Summa cum Laude.
Years of Experience: 30
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Tax Returns, Employee Benefits, Family Offices, Stocks and Bonds, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Charitable Planning, Education Plan, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Data Provided by:

Drake Tax Preparation Software

provided by: 

800-890-9500
www.DrakeSoftware.com

Outside of the "Big 3" makers of tax preparation software, Drake is the largest, with almost 10 percent of tax professionals using the system. And this user base is very loyal, which resulted in Drake receiving The CPA Technology Advisor's 2006 Readers' Choice Award for federal/state tax compliance. Drake is an all-in-one system, with support for virtually all entities with year-end compliance requirements, including 1040, 1120, 1120S, 1065, 1041, 990, 706 and 709, with corresponding support for all states. The full tax suite costs $1,395, which includes the previously mentioned tax compliance, unlimited e-filing, a client write-up system, document management, a tax planner, organizers, a firm website, banking options and access to RIA's Checkpoint online tax research platform. The system is network-ready and can be used by any number of preparers within the same office. For firms renewing their Drake software, pricing drops to as low as $995 with early season discounts. The system is also available on a pay-per-return basis.

LEARNING CURVE

Drake's interface opens to a well-designed screen that resembles a web page, with a personalized section on the left that displays links to returns recently worked on by the preparer, as well as upcoming appointments and a Message Center. The appointments section links from and to Drake's built-in scheduler feature. The window also provides useful program hints in the work area, while pull-down menus and icons are available across the top for accessing the main functions of the program such as opening or starting new returns, calculating, printing, support and research. Fortunately, this does not clutter up the screen by showing links to all minor functions.

The system's client list is easily accessible and allows searching and filtering by SSN, last name or return type, but if the user wants summary client return or demographic information, the best place to look is the Client Status Manager (CSM), which provides an excellent spreadsheet list that also includes refund/due info along with basic AR data like billing, deposits, payments and balance due. The CSM can also be used to drilldown into client returns, making it possibly the preferred method of accessing them instead of the client selection list.

Drake uses the taxpayer's SSN or EIN for naming of the account, and this number must be entered to begin entering basic client data prior to preparing a return. The system uses general data-entry screens for information entry, and these entry forms are clean and easy-to-use, with pull-down menus and automatic ZIP Code recognition of city and state, which is a useful function.

Within a client return, Drake's data-entry window comes to the front, providing tabbed access to entry areas, as well as icons for system functions. Actual data entry is performed on interview-style screens that do not resemble the form but follow the same data-entry order and use the same line numbering system, so that Form 1040 line 11 is also labeled as number 11 on the datasheet. An actual replica of the form can be viewed or printed with one click, provides access to all forms, as well as access to billing, a return summary, client letters, e-file status, error messages and other client deliverables. Data cannot be entered from within the form/document view function.

The data fields provide line-by-line access to instructions and Help either by right-clicking while in a field or using the F1 key. Many other hotkey shortcuts are built into the system. Unfortunately, most of the data-entry screens do not include a "save" or "continue" function. Instead, the user must use the X to close out the window, or simply press the Escape key to save the data. Also, if the SSN is edited on the client demographic screen, it does not change in the client directory, so be careful of errors during initial client setup. That being said, the program does include an SSN validation function that should reduce the risk of errors.

USE/WORKFLOW & PRODUCTIVITY TOOLS

The Drake system is network ready and doesn't cost anything more for several preparers in the same office to use. The system's Multi-Office Manager also helps multi-location firms manage their clients and returns. Drake includes a strong selection of standard and custom report options, including reports based on client, e-filing, preparer statistics, return status and other information. The customizable report options allow total creation and saving of reports, which can be formatted for export into Excel, Access or saved as a PDF. Drake's diagnostic capabilities are also respectable, providing users with a comparison tool that can identify potential IRS flags, as well as a messages document that highlights problems, IRS rejections or other issues and appears when viewing or printing a client return. The system does not support OCR/form recognition functions.

The Drake tax system includes practice management features such as client data and billing, client correspondence, return tracking and appointment scheduling. Drake's Client Write-Up system, included with the tax package, offers live and after-the-fact payroll, as well as basic bookkeeping capabilities. A document management system and an asset depreciation function are also included. Free websites are available for firms using Drake, and the company also provides its clients with marketing kits that include posters, banners and pre-produced radio and newspaper ads. RIA's Checkpoint is available to Drake users at no additional cost.

INTEGRATION/IMPORT & EXPORT

Client data flows between forms, schedules and worksheets as needed, and calculations are made either when selecting the Calculate icon or when viewing or printing a return. The Drake system also supports K-1 pass-throughs between related 1040s, 1065s and 1120s. The tax system offers integration with Drake's write-up program and can import from QuickBooks, while the document management system enables paperless storage of client returns and documents and can print directly to PDF. The system also integrates with Outlook for e-mailing clients from within the tax program. Free data conversions are available.

SUPPORT/TRAINING & HELP SYSTEM

Drake offers outstanding phone-based support and comes with a full print version of its user manual, in addition to offering in-program assistance features such as line-specific Help, tutorials, links to support, and various Help tools. The online support center includes a knowledgebase and assistance for users in setting up a free website, as well as access to additional training aides, business strategies, tax news and marketing tools. An online user forum also enables users to get advice from each other.

RELATIVE VALUE

The Drake tax system includes virtually everything a tax-focused office or general accounting firm could need for compliance purposes, with support for all filing entities and an exceptional price point that includes multi-preparer networked use. With abundant marketing assistance, banking functions and unlimited e-filing, firms looking for an all-in-one system to support high volumes of primarily less-complex individual and business/partnership returns will get the most value from the Drake system, although the program is also good enough to manage the tax needs of most smaller year-round full-service accounting practices.