What is Drake Tax Software Hosting?
Drake Tax Software hosting is a way to get the tax application setup in the remote cloud space to give you anywhere and anytime access with cross-device compatibility. The centralized hosted platform is designed in such a way that the cloud-based Drake is compatible with other associated applications for a smooth transaction of data across multiple applications.
Cloud hosting also consists of enough storage to contain all your data, be it any documents and images or any other form of information. The scalability of all these resources gives you the flexibility to increase or decrease as soon as your demand is changed. This helps you to customize your cost once it becomes necessary for the business to survive in a challenging environment.
Know the Competitive Advantages of Drake Tax Hosting over Traditional Drake Application
With your in-house setup of application and data, you can’t have access shared across multiple users simultaneously. While with Drake cloud, any number of office users can access the same application and data from their respective locations.
As a tax practitioner, you may wish to focus on your core practice rather than managing IT-related activities. A cloud-hosted Drake Tax Software frees tax professionals from all these burdens and lets them focus on serving their clients in a better way.
Drake Tax Software on the cloud is generally acquired by paying nominal monthly hosting fees without any requirement of specific hardware, software, or IT professionals. You can rather use the budget to boost your core area of competency.
Steps to Get Hosted Drake on the Cloud
Get your Drake Tax Software License:
You must own the licensed software of Drake Tax for cloud hosting. To buy the license of the professional tax preparation software, you can contact Drake Software sales and they will provide you with the required information for your tax application. It will also consist of a downloadable link to download the software.
Find a Suitable Drake Tax Hosting Provider:
Zeroing your search on an ideal hosting partner for tax software can be a difficult task. To land a perfect cloud infrastructure for your cloud hosting requirements, you will need to have a checklist of required resources to meet your security, scalability, and high availability demands.
The Hosting Process:
Once you find an ideal hosting provider for your tax operation, collect your entire information like; software download link, licensing information, and associated database. Once asked, you will be required to share it for cloud infrastructure setup. It takes 1-5 hours depending on the actual need.
A Demo to Go:
Before signing up, you need to ask for a go-through session with a technician to guide you through the entire process of cloud usage. Trying navigating applications as well as data to have enough idea about the performance and security and how it can change things for good for you.
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IRS Security Parameters for Drake Hosted Desktop
The IRS, the top body for the US federal taxation process, has clearly stated that protection of taxpayer data is the law. Therefore, tax practitioners need to formulate and enforce stringent security measures to meet the "Security Six" and data protection guidelines enforced by the top tax authority to ensure taxpayers' data protection. The Security Six refers to the use of multi-factor authentication, antivirus and anti-malware, software and hardware-based firewalls, drive and data encryption, automated data backup, and usages of virtual private networks.
Given are the recommendations that you need to follow to address security issues:
Standard System Measures
As per IRS, one must apply all basic system security settings like; firewall, anti-virus, two-factor authentication, and drive encryption to have no holes opened for any threats. Always ensure that none of these settings are dysfunctional.
Proper Security Plan
Not all security resources and measures are designed to meet dynamic expectations. Engaging a professional security consultant can help tax professionals design a suitable security policy to comply with Data Privacy, Security, and GDPR Law.
Proper Security Awareness
Educate yourself and your team members to follow the set security guidelines while working over the internet like downloading and accessing external links. Keeping an eye on suspicious activities can help mitigate the security risks.
Data Recovery Plan
IRS strictly recommends all businesses have a proper data recovery and restoration plan in place. An efficient data recovery plan comes in handy during challenging times to be safe in this rapidly changing nature of security threats.
How Costly is Cloud hosting for Drake Tax Software?
Cloud hosting for Drake Tax Software is always budget-friendly for small and mid-sized businesses since the pricing is defined by a pay-per-use policy. You only pay for the resource that you use and the cloud-hosted setup can easily be customized to suit all levels of your requirements. Depending upon your security preferences, you can opt either for shared hosting to further reduce your cost or you can go with a dedicated hosting plan to have full control over your infrastructure. Neither of these options will have data integrity or security issues.
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Steps to Migrate Drake Tax Software to the Cloud
Migration of data and applications from your local computer to the cloud is not so challenging since it is already taken care of by a good hosting provider without paying any additional charges. It takes 1-5 hours depending on the volume of data and the kind of applications you have. There must be a sound plan in place for migration to proceed otherwise a small miss can break the integrity of your data and the Drake Tax Software.
Challenges Regarding Drake Software Hosted in the Cloud
Finding a Suitable Hosting Provider
It's not so easy to find the perfect hosting provider for your business since there will be dozens of different vendors offering almost the same services. You should get your list of expectations ready and ask them to respond in order to judge one that suits you. Data integrity, security, 24x7 free technical support are the core aspects to be considered when you have the final call.
Even though your data and applications are hosted on the cloud, for some specific tasks you want your local resources to be in sync with the remote server. It’s better to ensure that your cloud infrastructure has the feature to have back and forth data transfer so that you carry out the given tasks with sheer ease and efficiency.
Printing is equally challenging when you want your cloud jobs to be printed by your local printers. It sometimes gives you an unwanted headache. In order to have a smooth printing process, please make sure that the hosting provider is going to provide you with a universal printing solution to fit with any local printers.
Final words for Drake Tax Software hosting
Though it can be a bit challenging initially, in the long run, Drake Tax Software hosting can play a handy role in eliminating the requirements of hefty upfront investments and the burden related to in-house server setup and its maintenance. But at the same time, hosted Drake Tax Software gives you and your associated team members the flexibility to access and work on the same hosted file from anywhere and handle tax preparation and filing with the highest level of efficiency and accuracy.