Press release

Canopy Releases Tax Prep, Offering the First Tax Preparation Solution in Over a Decade

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Canopy,
the leading cloud-based practice management platform for tax and
accounting professionals, today announced the general availability of Tax
Prep, the only fully integrated, modern tax prep solution for
accountants released in over a decade.

“With Tax Prep, Canopy now offers the first comprehensive platform for
tax professionals that seamlessly integrates Tax Preparation, Tax
Resolution and Practice Management software all in one – a substantial
step forward for the accounting industry since no holistic solution was
previously available,” said Kurt Avarell, CEO and Founder at Canopy.
“Over the past many months of beta testing, we have refined Tax Prep to
respond to the precise needs of accounting firms across the country
today. We integrated feedback from customers as well as the company’s
internal accounting professionals, which make up a large percentage of
our workforce.”

Canopy Tax Prep’s notable functionality includes:

  • Organize

    • Automate information gathering and document storage with
      bank-level security.
  • Prepare

    • All forms and schedules are grouped 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.
  • Review

    • Review returns easily in tax form layout with the ability to
      switch between each section, search for specific forms, or scroll
      through the entire return.
    • Run diagnostics to catch errors before filing.
  • Share

    • Share tax returns for client review through a client portal.
    • Gather electronic signatures for federal and state e-file
      authorization forms.
    • Automate bank account detail collection for secure payments and
      refunds.
  • e-File

    • Electronically file state and federal returns and extensions with
      convenience and ease.

As with all of Canopy’s solutions, Tax Prep is a cloud-based, secure
software, enabling professionals to access client data anytime, anywhere.

The software is currently available to file individual tax returns in 24
states. For the 2019 tax year, Canopy will introduce forms 1065, 1120,
1120S, and 1041, fully supporting individual and business returns in 8
states.

For more information on supported individual and business returns visit, https://www.canopytax.com/tax-prep.

About Canopy

Canopy is a cloud-based accounting practice management, tax resolution
and preparation 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.