Canopy integrates AI-powered tax preparation into its accounting workflow

Yahoo
Yahoo
3h ago
Canopy added AI-powered tax preparation to its practice management platform through an integration with Filed, with a pilot underway and wider rollout expected after the 2026 tax season.
Canopy integrates AI-powered tax preparation into its accounting workflow
A What happened
Canopy integrated Filed into its software to add Smart Prep, an AI-powered tax preparation feature. Smart Prep is claimed to speed the process from completed client intake to review-ready tax returns and reduce hand-offs and manual data entry inside Canopy. The integration builds on Canopy’s Smart Intake tool and moves structured intake data directly into tax preparation without changing the tax software companies already use. The integration is in a pilot phase and is expected to roll out more widely after the 2026 tax season.
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Key insights

  • 1

    Workflow integration is positioned as the main efficiency gain: Smart Prep is claimed to reduce hand-offs and manual data entry by moving Smart Intake data directly into tax preparation inside Canopy.

  • 2

    Pilot limits and rollout timing are defined: The integration is in a pilot phase and is expected to roll out more widely after the 2026 tax season.

  • 3

    Initial tax return coverage is specified: The initial release supports basic and advanced 1040 returns, with additional return types planned later in the year.

Takeaways

Canopy’s Filed-powered Smart Prep is piloting AI tax preparation inside Canopy and is expected to expand availability after the 2026 tax season.

Topics

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