What users are saying about
This review does not include a rating.
16 Ratings
This review does not include a rating.
16 Ratings
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Score 9.5 out of 100

Feature Set Ratings

    Type of tax

    Bloomberg Tax Advantage

    Feature Set Not Supported
    N/A
    9.8

    Canopy

    98%
    Canopy ranks higher in 4/4 features

    Sales and Use Taxes

    N/A
    0 Ratings
    10.0
    100%
    3 Ratings

    Cross-border Taxes

    N/A
    0 Ratings
    9.0
    90%
    2 Ratings

    VAT / GST Taxes

    N/A
    0 Ratings
    10.0
    100%
    2 Ratings

    Energy and Fuel Taxes

    N/A
    0 Ratings
    10.0
    100%
    3 Ratings

    Tax Reporting & Compliance

    Bloomberg Tax Advantage

    Feature Set Not Supported
    N/A
    9.4

    Canopy

    94%
    Canopy ranks higher in 7/7 features

    Geolocation for Tax Assessment

    N/A
    0 Ratings
    9.0
    90%
    2 Ratings

    3rd-Party Software Integrations

    N/A
    0 Ratings
    9.3
    93%
    5 Ratings

    Tax Data Reporting

    N/A
    0 Ratings
    9.5
    95%
    3 Ratings

    Compliance Administration Management

    N/A
    0 Ratings
    9.3
    93%
    6 Ratings

    Tax Exemption Processing

    N/A
    0 Ratings
    10.0
    100%
    3 Ratings

    Tax Document Management

    N/A
    0 Ratings
    9.7
    97%
    6 Ratings

    Complex Tax Scenario Management

    N/A
    0 Ratings
    9.3
    93%
    5 Ratings

    Attribute Ratings

      Likelihood to Recommend

      Bloomberg Tax Advantage

      N/A
      0 Ratings
      9.5

      Canopy

      95%
      11 Ratings

      Support Rating

      Bloomberg Tax Advantage

      N/A
      0 Ratings
      1.0

      Canopy

      10%
      2 Ratings

      Likelihood to Recommend

      Bloomberg

      No answers on this topic

      Canopy, Inc.

      If you want to have an all in one solution for managing you clients (from sales lead to loyal client) this is the answer. We rarely have to use other systems to take a client from a lead to completing their taxes or representation case. It's also given us the freedom to switch our business model to focus on value added pricing and shift to be an advisory focused firm. If you want to pump out hundreds of returns and don't care about managing your clients on a long term basis because you're a quantity over quality shop, you may not find value in the software.
      Read full review

      Pros

      Bloomberg

      No answers on this topic

      Canopy, Inc.

      • As TheCPATaxProblemSolver, Canopy is a great timesaver in helping me complete IRS Offer In Compromises. An Offer in Compromise (OIC) is an IRS program that allows taxpayers to settle their liabilities for less than the full amount owed.
      • I use analytics contained in the state-of-the-art Canopy tax resolution software to calculate smart recommendations based on each unique case to arrive at the best solution and prepare successful cases.
      • Canopy tax has an all in one practice management software. It features Customer Relationship Management (CRM), Document Management, Workflow Management, as well as Billing and Invoicing
      Read full review

      Cons

      Bloomberg

      No answers on this topic

      Canopy, Inc.

      • Connectivity with Outlook for email tracking - the connection is sometimes lost and there is no notification. You just look for your email trail and there is nothing.
      • Electronic signatures for multiple contacts on one document with some fields being optional would be a great help.
      • Being able to see contact transcripts in the client record view versus just the transcript screen would be more efficient.
      Read full review

      Pricing Details

      Bloomberg Tax Advantage

      Starting Price

      Editions & Modules

      Bloomberg Tax Advantage editions and modules pricing
      EditionModules

      Footnotes

        Offerings

        Free Trial
        Free/Freemium Version
        Premium Consulting/Integration Services

        Entry-level set up fee?

        No setup fee

        Additional Details

        Canopy

        Starting Price

        Editions & Modules

        Canopy editions and modules pricing
        EditionModules

        Footnotes

          Offerings

          Free Trial
          Free/Freemium Version
          Premium Consulting/Integration Services

          Entry-level set up fee?

          No setup fee

          Additional Details

          Support Rating

          Bloomberg

          No answers on this topic

          Canopy, Inc.

          We had to contact the company many times because of the problems we were encountering. They were not helpful in any way
          Read full review

          Alternatives Considered

          Bloomberg

          No answers on this topic

          Canopy, Inc.

          Canopy works efficiently for all the companies, more so the CPA firms and other programs have no such advancement. The existence of an individualized client portal from Canopy is a remarkable step. Canopy records the due dates for a project and checks them when they are near or notifies the user.
          Read full review

          Return on Investment

          Bloomberg

          No answers on this topic

          Canopy, Inc.

          • We have eliminated our admin position as our tasks are more streamlined.
          • We can support a year-round client demand breaking the season-to-season cash cycle.
          • We're looking to become 100% remote/virtual helping clients all over the country/world within the next 12 months due to this cloud solution.
          Read full review

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