My CPA firm uses Drake Tax to prepare all individual and business income tax return. Drake Tax costs approximately $2,000 annually. Can we get UltraTax by Thomson returns at a cost that approximates Drake Tax? Can we get CCH Pro system fx Tax at a cost that approximates Drake Tax? Can we get CCH Access Tax at a price that approximate Drake Tax?
The cost of tax preparation software can vary significantly based on the features, number of users, and the specific needs of your CPA firm. Here's a general comparison: 1. **UltraTax by Thomson Reuters**: UltraTax is known for its robust features and integration with other Thomson Reuters products. However, it is generally more expensive than Drake Tax. The cost can range from $3,000 to $10,000 or more annually, depending on the modules and number of users. 2. **CCH ProSystem fx Tax**: This is another high-end tax preparation software with comprehensive features. Similar to UltraTax, it tends to be more expensive than Drake Tax. The annual cost can range from $3,000 to $15,000 or more, depending on the specific needs and size of your firm. 3. **CCH Axcess Tax**: This is a cloud-based solution from Wolters Kluwer, offering flexibility and integration with other CCH Axcess products. The pricing is typically higher than Drake Tax, with costs ranging from $3,000 to $12,000 or more annually. In summary, it is unlikely that you will find UltraTax, CCH ProSystem fx Tax, or CCH Axcess Tax at a cost that approximates Drake Tax's $2,000 annual fee. These alternatives are generally more expensive due to their advanced features and capabilities. If cost is a primary concern, you might want to continue with Drake Tax or explore other mid-range
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