Canopy to Offer Tax Prep Product; Capitalizing on $31B Opportunity
November 19, 2018
LEHI, Utah–(BUSINESS WIRE)–Canopy,
the leading cloud-based practice management platform for tax and
accounting professionals, today announced its plans to release its first
tax preparation product. This cloud-based tax preparation platform is
designed to streamline data collections, accelerate document delivery,
and provide best in class IRS e-filing.
“Taxes are complicated, not only for the taxpayer 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 https://www.canopytax.com/tax-prep.
About Canopy
Canopy is a cloud-based practice management and tax resolution software.
The modern, easy-to-use software cuts out tax practice busywork,
improves the client experience, and brings all the different tools a
practitioner needs under one roof. Canopy is also known for its free IRS
Transcripts tool. Canopy was founded by Kurt Avarell, who walked away
from his career as a Wall Street tax attorney to launch Canopy from his
basement in 2014.
Learn more at www.canopytax.com
and @CanopyTax.
Contacts
Jenny Olson
mPR, Inc. for Canopy
310-773-2568 direct
jenny@mpublicrelations.com