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Filing your taxes, whether you are an individual or running a business, is a necessary and daunting task that has to be done timely every year. Many business owners who are relying on the up to date data, benefits a lot from the exchange hosting services. 3. Virtual office setup: Hosting of Drake on a cloud serves as a virtual office. Many Hosting providers allow for easy integration of MS Office Suite. Desktop version is on premise access of the application which means the application is hosted on local servers and managed by professionals in the office. Drake Tax Software has been one of the most helpful options for tax professionals. Thus you can integrate QuickBooks with Lacerte tax software or ACT! You can also share information with your clients from the software. Cloud computing is emerging at a critical time for the information technology industry. Cloud computing technology or cloud hosting offers the vision for improved services, and not just high availability and quality for the existing services, but also meeting expectations for real time computing along with the complete and dynamic access to the innovative new services.