New Cloud-Based Tax Prep System to Launch

There’s a new cloud-based tax preparation system for professionals. Starting with TY 2019.

Canopy, a cloud-based practice management platform for tax and accounting professionals, has launched a new cloud-based tax preparation platform designed to streamline data collection, accelerate document delivery, and provide IRS e-filing.

“Taxes are complicated, not only for the general consumer but for accounting professionals too,” explains Kurt Avarell, CEO and founder, Canopy. “Our goal is to provide our customers with an all-in-one, intuitive and easy-to-navigate solution so they can focus on preparing returns with ease and confidence while saving hours per filing.”

In 2017, individuals and businesses filed a combined 245 million tax returns, leading to nearly $31B spent on tax preparation services. “Despite the enormous opportunity, software providers haven’t evolved much in the last decade,” said Avarell. “Most current products are still desktop-based, burdensome and unintuitive.”

Tax Prep integrates with Canopy’s Practice Management, Tax Resolution, Notices, and Transcripts offerings – creating an all-in-one product suite for client tax management. With cloud-based software, professionals can access client data anytime, anywhere and are never inconvenienced with managing servers, updating software, and navigating compatibility issues, which dramatically reduces IT costs and downtime.

With Tax Prep, Canopy customers can:

Easily collaborate through a client portal
Send returns to customers electronically
Gather e-signatures for common forms
e-File directly with the IRS and be notified when returns are accepted

Tax Prep will be available Summer 2019. To learn more visit, www.canopytax.com.