Blogs

5 Things to Consider When Starting a Tax Practice

So you’re considering taking the leap from employee to tax practice owner. Being a business owner certainly has its perks, but it’s no easy feat. There are a lot of considerations...

Passport Revocation Due to Seriously Delinquent Tax Debt

As the holidays approach, many taxpayers have travel on their minds and some of your clients may be affected by the Fixing America’s Surface Transportation Act (FAST Act). This...

3 Alternatives to Offer in Compromise

An offer in compromise (OIC) is a useful tool for your clients who have outstanding tax debt owed to the IRS. However, OICs aren’t always the best fit, depending on the client and...

Tax Resolution IRS Form Glossary

Need quick access to tax resolution forms? Want to learn more about what certain forms are used for? We’ve compiled a handy tax resolution IRS form glossary for any case you’re...

Why Tax Pros Love Working at Canopy

What You Need to Know About US Taxation of Foreign Nationals

Do you work with foreign national clients? Are you looking to expand your foreign national clientbase? Thinking about the taxation of foreign nationals is an important...

Feature Update: Spend Less Time on Email by Using Templates

Here at Canopy, we know email can often get in the way of doing more meaningful work. In fact, the average professional spends 28 percent of the workweek reading and answering...

Canopy August Tax and Accounting Trade Shows Schedule

Welcome to August! The climax of summer is upon us, and that means back to school, the return of football, and, of course, more tax and accounting trade shows! Our software...

4 Advanced Tips for Improving Your Paperless Organization

Going paperless is a great way to clean up your office space and increase efficiency in your tax practice, but it requires conscious organization. When you store documents in the...

How to Stay Competitive in the Age of Automation

Barry Melancon, President and CEO of AICPA, and Kimberly Ellison-Taylor, Chair of AICPA, spoke about the rapidly changing nature of the accounting industry a few weeks ago at...

How to Navigate Form 433

The IRS will often require taxpayers to submit Form 433 in order to resolve a tax matter. This form is extremely important because it will often change the outcome of your...

Your Easy, Two-Step Plan to Spend Less Time on Email

So you’ve decided that you need to spend less time on email. It’s a worthwhile goal, but it can also be daunting. A Google search on the topic yields so many tips and tricks on...

2 Simple Ways to Help Millennials Trust Your Tax Practice

As national demographics shift, earning the business of millennials is increasingly important. In order to earn their business, you have to help millennials trust your practice...

The Do's and Don'ts of Using Twitter for Your Tax Practice

Twitter can be a great platform for networking, expanding your online presence, and increasing awareness among potential clients—if used effectively. If not, it can turn into a...

5 Biggest Mistakes People Make in Dealing with the IRS

For many people, dealing with the IRS isn’t too difficult. They file a tax return each year, and either enjoy a refund or pay the balance due. But for others, dealing with the IRS...