Canopy Tax Prep – 2019 Innovation Award Nominee

Tax Prep is the only fully-integrated, modern tax prep solution for accountants released in over a decade. With this new offering, Canopy now offers the first comprehensive platform for tax professionals that seamlessly connects Tax Preparation, Tax Resolution and Practice Management software all in one. This is a substantial step forward for the accounting industry since no holistic solution was previously available.

After spending several months in beta testing, Tax Prep has been refined to respond to the precise needs of accounting firms including:

• Automated information gathering and document storage with bank-level security.
• Grouped forms and schedules into natural, user-friendly categories. With simple navigation, users can answer all contextually-related questions at the same time, no matter which federal or state forms they are in.
• Simple return reviews in tax form layout with the ability to switch between each section, search for specific forms, or scroll through the entire return.
• Diagnostics to catch errors before filing.
• Client portal collaboration
• Electronic signatures for federal and state e-file authorization forms.
• Automated bank account detail collection for secure payments and refunds.
• Electronic state and federal return and extension filing