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CWU Lab 2 - Drake Software

CWU Lab 2 - Drake Software 2025

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The document 'CWU Basics & Beyond' provides a detailed guide on processing payroll for employees and contractors using the Anita Refund Tax Service software. It outlines steps for entering live payroll data, printing checks, transmitting direct deposit records, and managing contractor payments. Additionally, it covers tax preparation setup, e-filing procedures, journal entries, bank reconciliation, and processing W-2s and 1099s. The instructions emphasize the importance of using current dates and ensuring accuracy in payroll calculations.

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Click ‘Get Form’ to open the CWU Lab 2 - Drake Software document in the editor.
Begin with the 'Live Payroll' section. Enter today’s date for the 'Pay Period Ending' field for each employee, including Benny Fitz, Anita Refund, and Wilbur Wright. Fill in their respective hours and pay details as specified.
For printing checks, navigate to 'Print New Checks'. Ensure you select 'Preprinted' check stock and enter today's date for the 'Check Date'. Click on 'Select All' to prepare all checks for previewing before printing.
In the 'Direct Deposit' section, input the date range for paychecks and click 'Accept Dates'. Verify dates but refrain from clicking 'Transmit' during this exercise.
Complete contractor payments by entering details under 'Live Contractor Payroll', ensuring to save after each entry. Follow similar steps for printing contractor payment checks.

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What is the cost of Drake tax software?

Drake Tax Unlimited Package Price : $1,895 yearly. What is Included: Unlimited individual business returns, all states, e-file and updates. Best For: Tax specialists with docHub customer volumes.

How much is Drake Software 2025?

In 2025, Drake Tax Software has different pricing plans available. The complete professional package is around $2,695, and theres a version for individual returns for slightly less. Additionally there is a $359.99 pay-per-return option for those filing fewer returns.

What is Drake Software used for?

Drake Software is a top-tier provider of professional tax preparation software. Drake provides the tools and support tax professionals need to build their businesses and attract new clients. Our customers know they can rely on Drake for comprehensive product excellence and value.

Is Drake software being sold?

UK private equity firm Cinven buys Drake and TaxAct.

Who owns Drake tax software?

Phil Drake, a native of Franklin, NC, is the Founder, President, CEO and Chief Architect for Drake Software. The software division of Drake serves over 47,000 tax offices throughout the United States.

Did Drake Software get sold?

Cinven to Acquire TaxAct. Cinven will bring TaxAct and Drake Software, a Cinven portfolio company, together over time under a new holding company, creating a leading, full-service tax solutions provider for professionals and consumers.

Is Drake Software easy to learn?

Drake Software is designed to be easy to use, even for those who may not have a lot of experience with tax software. Once youve set up an account, the software walks you through the process of choosing the right forms based on your needs, whether youre filing personal income tax or business taxes.

What is the new name for Drake Software?

Taxwell Selected as Parent Company Name Representing Drake Software and TaxAct. Leading providers of comprehensive tax preparation solutions in both the professional and DIY filing markets, Drake Software and TaxAct, announce today that their parent company name is Taxwell.

CWU Lab 2 - Drake Software 2025

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