Welcome to our dedicated page for Intuit news (Ticker: INTU), a resource for investors and traders seeking the latest updates and insights on Intuit stock.
Intuit Inc. reports company developments across its global financial technology platform, including TurboTax, Credit Karma, QuickBooks, Mailchimp and Intuit Enterprise Suite. News commonly covers tax preparation, consumer finance, small-business accounting, payroll, human capital management, marketing, and cloud-based ERP products for small and mid-market businesses.
Recurring updates include quarterly results by business area, AI-enabled product releases, instant-payment capabilities, partner and reseller relationships, conference appearances, dividends, share repurchases, and governance changes. Intuit’s announcements also describe how its platform connects tax, credit, banking, invoicing, payroll, accounting and marketing data across consumer and business workflows.
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.
Intuit (Nasdaq: INTU) announced its acquisition of SeedFi, enhancing Credit Karma's Credit Builder feature aimed at assisting low and no-credit borrowers. This transaction combines SeedFi's technology with Credit Karma's established credit relationships to boost credit scores and savings. Members previously saw an average credit score increase of 21 points in just two months, along with over $10 million in savings. The deal, which is set to close soon, is not anticipated to materially affect Intuit's fiscal 2023 results.
Intuit updates its financial technology tools for tax and accounting professionals ahead of the upcoming tax season. Key updates include enhancements to Intuit Tax Advisor, ProConnect Tax, ProSeries Tax, and Lacerte Tax. New features such as tax loss harvesting, cost segregation studies, and bulk editing are introduced to improve productivity and precision. Additionally, integration with Google Drive allows for easier document management. These updates aim to support tax advisors in providing better advisory services and maximizing tax efficiency for their clients.