Intuit Inc - INTU STOCK NEWS

Intuit (NASDAQ: INTU) announced the expansion of the Intuit QuickBooks Business Network, aimed at enhancing B2B payments for small and mid-market businesses in the U.S. This network addresses the issue of late payments, which affects 52% of B2B small businesses. Key features include easy connections between businesses, automated invoice management, and accounts payable automation. With 5.9 million QuickBooks Online subscribers, the service processed $125 billion in payments volume in FY 2022. This innovation seeks to improve cash flow management and streamline financial operations for small business owners.

Intuit Inc. (NASDAQ: INTU) will hold its annual stockholder meeting virtually on January 19 at 8 AM Pacific time (11 AM Eastern time). CEO Sasan Goodarzi will present the company's fiscal year 2022 results and outline growth strategies. The meeting will be broadcast live on Intuit's investor webpage, with a replay available about 24 hours post-meeting. Intuit serves over 100 million customers globally through platforms like TurboTax, Credit Karma, QuickBooks, and Mailchimp.

Intuit (NASDAQ: INTU) announces its new campaign, 'Come to TurboTax,' spotlighting the company's TurboTax Live service, where experts file taxes for customers. This year marks the brand's 10th consecutive Super Bowl advertisement. The campaign aims to shift the perception of TurboTax from DIY to expert assistance. The campaign will include various ad formats, including a spot during the Super Bowl, and digital partnerships with platforms like Netflix and Roku.

Credit Karma has partnered with TurboTax to provide a refund-focused tax experience aimed at helping Americans file their taxes efficiently. This collaboration will enable users to estimate their tax refunds and receive personalized advice. Eligible members can access refunds up to 5 days early via a Credit Karma Money account or obtain a Refund Advance loan in under a minute post-IRS acceptance. This initiative seeks to alleviate financial stress for consumers navigating high inflation and interest rates, offering tools to optimize their financial outcomes this tax season.

Credit Karma has partnered with GenOne Charlotte, donating funds to enhance the nonprofit's College Persistence Program. This contribution will enable GenOne to support three times more students over three years, addressing the 'Summer Melt' phenomenon where low-income students fail to start college. The program also includes career pathways internships at Credit Karma's Charlotte headquarters. With 90% of first-generation college students not graduating on time, this initiative aims to provide essential resources and mentorship. GenOne has successfully kept 75% of its first cohorts debt-free.

Intuit QuickBooks released findings indicating that entrepreneurship remains strong in the U.S., with business formations hitting historical highs. A survey of 15,200 adults revealed that 66% of aspiring entrepreneurs cite inflation and the need for extra income as key motivators. Notably, 65% plan to maintain their current jobs while developing side hustles. The report highlights states like New Jersey and Florida as leading regions for new business creation in 2023, and emphasizes technology's role in simplifying business setups.

Intuit (NASDAQ: INTU) has released its first-annual 2022 Taxpayer Insights & Intelligence Brief, based on a survey of over 3,000 U.S. taxpayers. The study highlights a strong demand for tax advisory services, with 69% of taxpayers seeking more advice, and 83% preferring year-round support. Audit protection is crucial, as 84% desire assistance in case of an IRS audit. Furthermore, data security is a priority, with 66% expecting electronic signing capabilities and 86% wanting secure document storage. These insights present growth opportunities for tax professionals aiming to adapt their services.

Intuit (NASDAQ: INTU) unveiled new innovations aimed at enhancing success for accountants and small businesses during the QuickBooks Connect conference in Las Vegas. Over 3,000 participants attended the event, which focused on the latest offerings from Intuit QuickBooks, including new features in QuickBooks Commerce Accounting, Mid-Market Solutions, and Workforce Solutions. Key highlights include automated operations for inventory management and improved HR capabilities, aiming to streamline processes and enhance financial performance for product-based businesses.

Bloomerang has entered into a QuickBooks Solution Provider Sales and Marketing Agreement with Intuit (Nasdaq: INTU), enhancing financial transparency for nonprofits. This collaboration integrates Bloomerang's donor relationship management software with Intuit QuickBooks, providing nonprofits with streamlined fundraising and financial operations. The partnership aims to improve accuracy in donation tracking and reporting, thus allowing nonprofits to focus more on their missions. This step aligns with Bloomerang's vision to support the nonprofit sector through innovative solutions.