INTU: Intuit Inc Stock Price, Quote and News

In 2020, for example, approximately two-thirds of tax filers could not use TurboTax’s free product. Intuit formerly offered a free online service called TurboTax Free File as well as a similarly named service called TurboTax Free Edition which is not free for most users. On May 4, 2022, Intuit agreed to pay a $141 million settlement over misleading advertisements. Because preparing taxes requires inputting data, you’d think people wouldn’t want to do it on a mobile device. But our team played around with the idea of allowing users to take photos of their W-2 forms. The program automatically recognizes the data and inputs it directly into TurboTax.

Ruby Sherman has the opposite advice and the experience to back up the claim that disruption leads to progress. Join over 4.3 million customers globally using QuickBooks. Plus, on-demand expert help and advice are available with TurboTax Live.

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Intuit is a global technology platform that helps customers and communities overcome their most important financial challenges. Serving approximately 100 million customers worldwide withTurboTax,QuickBooks,MintandCredit Karma, andMailchimp. Intuit believes that everyone should have the opportunity to prosper. Intuit never stops working to find new, innovative ways to make that possible.

• We reduced the number of cubes and added more areas for collaboration and impromptu work.
• The hearing was part of an antitrust case by the Justice Department against H&R Block after it tried to buy TaxAct.
• Monitoring alerts, data downloads, and feature updates are available through the end of your membership term.
• In June 2015, the firm laid off approximately 5% of its workforce as part of a company reorganization.
• The industry would offer free tax prep to a larger portion of taxpayers.

Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price. To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price. The alliance, guided by a lawyer who was also an Intuit lobbyist, won a series of concessions that made the program palatable to industry. Free File only required the companies to offer free federal returns.

ProPublica and Milwaukee Journal Sentinel Win National Magazine Award for Feature Writing

A new Small Business Index from Intuit QuickBooks and a strong academic research team promises to offer insight into small business performance. Paul Kiel covers business and consumer finance for ProPublica. But TaxAct’s Free File gambit had forever transformed the industry. Advertising “free” was a great lure, so TaxAct took the battle to a different venue.

We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. In January 2016, intuit Inc. announced an agreement to sell Demandforce to Internet Brands. On March 3, 2016, Intuit announced plans to sell Quicken to H.I.G. Capital. On March 8, 2016, it announced plans to sell Quickbase to private equity firm Welsh, Carson, Anderson & Stowe. JumpUp is a free social networking and resources site for small business owners and/or start-ups.

Pick Either Intuitive Surgical Or Its Industry Peer – Both May Offer Similar Returns

CEO Sasan Goodarzi oversees all products in all countries. In June 2015, the firm laid off approximately 5% of its workforce as part of a company reorganization. Intuit has lobbied extensively against the IRS providing taxpayers with free pre-filled forms, as is the norm in developed countries. We help safeguard that data and protect your privacy by using industry-leading technology and practices. Last fall, we challenged hundreds of high school students to help underrepresented business owners develop innovative solutions to their biggest challenges. When faced with a new situation, sometimes our response is to shrink ourselves, minimize our personality or style to fit in, and make less waves.

Microsoft agreed to pay $46.2 million to Intuit for forfeiting the deal. Helping clinch the decision was a memo filed Friday by the Justice Department, which requested the date of the antitrust trial be postponed for two or three weeks. Calculating just how long the case might drag on was « the thing that brought us to the decision not to continue forward, » said Bill Gates, chairman of Microsoft, in a telephone conference.

Stock Money Flow

From our research we know that among married couples, one partner usually takes responsibility for tax preparation, and the other spouse’s primary question is “Why is it different from last year? ” With that in mind we designed several new features (which we referred to internally as “the Spouse Test”) to make it really clear what changed from year to year. Intuit Canada traces its origins to the 1993 acquisition by Intuit of a Canadian tax preparation software developer. In 1992, Edmontonians and University of Alberta graduates Bruce Johnson and Chad Frederick had built a tax preparation product called WINTAX – Canada’s first Microsoft Windows-based personal tax preparation software. In 1993, they agreed to be acquired by Chipsoft, manufacturer of the U.S. personal income tax software TurboTax. Shortly after the WINTAX acquisition, Chipsoft agreed to merge with Intuit, the developer of the Quicken financial software.

Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade. These examples are programmatically compiled from various online sources to illustrate current usage of the word ‘intuit.’ Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Intuition stands the test of time as a key differentiator for successful business leaders. It can be wasteful to overthink—or overcomplicate—problems, issues and concerns that should be intuitive. The move by TurboTax maker Intuit to charge more lower-income customers has helped boost revenue.

Earnings Per Share (Last Fiscal Year)

On March 26, 2013, ProPublica reported that the company lobbied against return-free filing as recently as 2011. Monitoring alerts, data downloads, and feature updates are available through the end of your membership term. Phone support, online features, and other services vary and are subject to change. 14,500+ participating financial institutions as of October 1, 2018.