The cloud-based accounting firm practice management platform Canopy has added features to its Notices tool that will enable professionals to reduce time spent and complexity around IRS notices.
Not every accountant has sufficient experience with the vast scope of IRS notices. Canopy has built an expanding database of IRS notices that enables accounting professionals to quickly understand the implications of many of them. The solution offers step-by-step instructions on how to resolve each notice with the ability to track progress and easily populate each needed form.
“As the IRS continues to automate their internal processes, notices have steadily increased. We are seeing a significant rise in the number of accountants, who have traditionally not needed to deal with them, starting to experience an uptick in these infraction notices being sent to their clients,” said Larry Furr, Chief Product Officer, Canopy. “Accounting professionals need tools that help them automate the handling of notices, reduce manual busywork, and create a new revenue stream by offering audit protection services. We are pleased to provide these updates to our Notices tool to help clients get there faster.”
As the IRS sends out notices to taxpayers and their accountants, the new updates include the ability to:
- Pre-populate fields on forms including 8821 and 2848 with information from the client survey
- Upload files and pull client transcripts directly from the notices workspace
- Send notices forms to clients for e-signature
The Canopy Notices tool is part of the company’s Tax Resolution solution.
Canopy provides cloud-based practice management and tax resolution software to thousands of accounting professionals nationwide. The modern, easy-to-use software cuts out accounting firm busywork, improves the client experience, and helps firms stay organized and operating efficiently. Committed to data security, Canopy’s solutions are SOC2 certified and data encrypted to ensure personal information is secure. Learn more at https://www.getcanopy.com/.
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