Canopy Tax Prep Moves into Beta, Provides Feature Updates

Available this Summer for the 2019 tax season, Canopy’s new Tax Prep
software will save accountants hours per tax return

LEHI, Utah–(BUSINESS WIRE)–Canopy,
the leading cloud-based practice management platform for tax and
accounting professionals, today announced additional features around its
upcoming professional Tax Prep software as the product moves to private
beta. Tax Prep is an all-in-one, intuitive and easy-to-navigate
cloud-based software that enables tax professionals to save hours per
filing.

“In 2017, almost 79 million tax returns were completed by tax
professionals, making tax season an incredibly busy and stressful period
for our clients. Additionally, understanding and reviewing new
regulations adds another layer of complexity to the accounting process.
Often times, accountants spend more time on busy work, than actually
growing their practice,” said Kurt Avarell, founder and CEO of Canopy.
“With our new Tax Prep solution, Canopy is removing one more complexity
for tax professionals by making the filing process straightforward and
more simple than it has ever been before.”

Tax Prep offers a clean design, clear workflows and integrates
seamlessly with Canopy’s Practice
Management, Tax
Resolution, Notices,
and Transcripts
offerings. Unique in the industry for its holistic approach, the
software makes it easy for accountants to collaborate through a client
portal, send returns to customers electronically, gather e-signatures
for common forms and e-File directly with the IRS and be notified when
returns are accepted. As with all of Canopy’s products, Tax Prep is
cloud-based and accessible from anywhere, with no IT resources, servers,
or manual software upgrades required.

“Our ultimate goal is to address every task tax professionals have and
streamline each one. With Tax Prep we are checking off a huge portion of
that list,” continued Avarell.

Unique features for Canopy Tax Prep include:

Clean, Modern Design

• With a modern, user-centered design, Tax Prep is intuitive,
  easy-to-use, and built for productivity.
• With an intuitive navigation system, accountants will fly through
  federal and state returns without a user manual. All forms and
  schedules are conveniently grouped into natural, user-friendly
  categories, for simple navigation.
• Tax Prep saves users time by answering all contextually-related
  questions at the same time, no matter which federal or state forms
  they reside in.

Streamlined Workflows and Experiences

• In one click, accountants can securely deliver tax forms for client
  review and collect e-signatures for IRS Form 8879 and other state
  authorization forms.
• Tax Prep automatically collects client bank account information and
  facilitates payments and refunds through the accounts of their choice.
  After reviewing tax documents in the client portal, clients can
  designate which accounts to use and enter banking details directly.

Everything in One Place

• Canopy Tax Prep is fully integrated with every product in Canopy’s
  Practice Efficiency Suite, including Practice Management, Tax
  Resolution, Notices, and Transcripts, offering everything needed to
  run a tax practice in one place.
• Practice Management integration provides a complete view of all the
  work and activities happening within a firm. Task templates automate
  tax preparation workflows so anyone new to the practice knows exactly
  how to move through the firm’s unique processes.
• Notices and Tax Resolution solutions help to quickly resolve new cases
  or long standing issues with the IRS.

Tax Prep with be generally available this summer.

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 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

Media Contact
Jenny Olson
mPR, Inc. for Canopy
310-773-2568
direct
jenny@mpublicrelations.com