Based on the available information and my knowledge, here’s a comparison between Thomson Reuters UltraTax CS and Drake Tax software across key categories:
| Category | Thomson Reuters UltraTax CS | Drake Tax Software |
|---|---|---|
| Key Features | Comprehensive tax preparation for individuals, businesses, and trusts; integration with other CS Professional Suite products; automated data entry; real-time diagnostics. | Full-featured tax preparation with multi-state returns, integrated client write-up, and payroll. Includes auto-fill, LookBack, and planning tools. |
| Pricing | Tiered pricing based on the number of returns; typically more expensive, especially with additional modules. | Flat pricing with no extra charges for state returns or e-filing, generally more affordable. |
| Security | Strong data encryption and multi-factor authentication; SOC 2 compliance. | Built-in encryption, SOC 2 compliance, and secure cloud-hosting options available. |
| Usability | Advanced features for large firms, but a steeper learning curve. Better suited for those needing integration with other products. | User-friendly with robust support; simpler interface, making it ideal for smaller firms or solo preparers. |
Summary:
- Thomson Reuters UltraTax CS is ideal for larger firms that need comprehensive features and integration with other Thomson Reuters tools but comes at a higher price.
- Drake Tax Software is a budget-friendly option with a user-friendly interface and robust support, making it suitable for small to medium-sized practices.
For more details, you can visit Thomson Reuters UltraTax CS and Drake Tax Software.
Survey Data: Recent surveys indicate that UltraTax CS is favored for its robust features, while Drake Tax excels in customer support and value for money. Market share data shows that while UltraTax CS holds significant ground among high-volume users, Drake Tax continues to gain popularity, especially among smaller practices looking for cost-effective solutions.
