Canopy was founded in 2014 and is headquartered in Draper, Utah. The company has raised over $236 million in total funding, including a $70 million Series C round in 2025, from investors including Tenaya Capital and New Enterprise Associates. Originally focused on tax resolution software, Canopy has expanded into a comprehensive practice management suite for accounting and tax firms of all sizes, with customers ranging from solo practitioners to multi-partner firms.
The platform includes six core modules: client relationship management, document management, workflow and project tracking, time and billing, client payments, and practice analytics. Every subscription tier includes the full suite along with a secure client portal, mobile application, e-signature collection, automated client reminders, and core AI capabilities for document review and task automation. Canopy also retains its original tax resolution tools, covering IRS notices, collections, appeals, and penalty abatement workflows.
Tax attorneys and enrolled agents use Canopy to manage client communications, track matter progress, collect documents and signatures through the client portal, and generate invoices and collect payment — all without leaving the platform. The system integrates with the IRS e-Services portal for transcript retrieval and supports bulk client processing for time-sensitive filings and deadlines.
Canopy's differentiation within the tax practice management category is its combination of robust IRS resolution tools — which remain a core feature rather than an afterthought — alongside a complete modern practice management suite. This makes it particularly relevant for tax attorneys and enrolled agents who handle both transactional tax advisory work and IRS controversy matters within the same practice.
Hands-on review pending.
