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Intuit
Intuit Inc. is an American multinational business software company that specializes in financial software. The company is headquartered in Mountain View, California, and the CEO is Sasan Goodarzi. Intuit's products include the tax preparation application TurboTax, the small business accounting program QuickBooks, the credit monitoring and personal accounting service Credit Karma, and email marketing platform Mailchimp. more than 95% of its revenues and earnings come from its activities within the United States. Listed on Nasdaq, the company is a component of the Nasdaq-100, S&P 100, and S&P 500 stock market indices. Intuit 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. In 2019, investigations by ProPublica found that Intuit deliberately steered taxpayers from the free TurboTax Free File to the paid TurboTax Free Edition using tactics including search engine deli ...
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QuickBooks
QuickBooks is an accounting software package developed and marketed by Intuit. First introduced in 1992, QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions. History Intuit was founded in 1983 by Scott Cook and Tom Proulx in Mountain View, California, USA. After the success of its Quicken product for individual financial management, the company developed similar services for small business owners. Initial release The initial Quicken software did not function as a "double-entry" accounting package. The initial release of QuickBooks was the DOS version that was based on the Quicken codebase. The Windows and Mac versions shared a different codebase that was based on In-House Accountant, which Intuit had acquired. The software was popular among small business owners who had no formal accounting t ...
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TurboTax
TurboTax is a software package for preparation of American and Canadian income tax returns, produced by Intuit. TurboTax is a market leader in its product segment, competing with H&R Block Tax Software and TaxAct. TurboTax was developed by Michael A. Chipman of Chipsoft in 1984 and was sold to Intuit in 1993. The company has been subject of controversy over its political influence and deceptive business practices. Intuit, the maker of TurboTax, has engaged in a multi-million dollar lobbying campaign against the Internal Revenue Service (IRS) creating its own online system of tax filing like those that exist in most other wealthy countries. Intuit is under investigation by multiple state attorneys general, as well as New York State Department of Financial Services. As part of an agreement with the IRS Free File program, TurboTax allowed individuals making less than $39,000 a year to use a free version of TurboTax; a 2019 ProPublica investigation revealed that TurboTax delibe ...
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Tom Proulx
Thomas Proulx is an American computer programmer and entrepreneur. He was a co-founder and first programmer of Intuit and a pioneer of usability testing in the 1980s.Suzanne E. Taylor and Kathy Schroeder, Inside Intuit: how the makers of Quicken beat Microsoft and revolutionized an entire industry', Harvard Business School Press. See alsGoogle Books He was the main programmer of the first version of Quicken. He co-founded Intuit in 1983, and later became involved with NetPulse. Early life and education He earned an electrical engineering degree from Stanford University and was a Hughes Fellow. Career Intuit In 1983, he began designing Quicken in his dorm room at Stanford. In 1983, Scott Cook went to Stanford University in California, United States. He wanted a programmer for a planned home bill payment and bank reconciliation program. Proulx
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Scott Cook
Scott David Cook (born 1952) is an American billionaire businessman who co-founded Intuit. Cook is also a director of eBay and Procter & Gamble. Early life Cook holds a bachelor's degree in economics and mathematics from the University of Southern California and an MBA from Harvard Business School, where he serves on the dean's advisory board. Career Cook started his career at Procter & Gamble in Cincinnati, Ohio, where he learned about product development, market research, and marketing. He then took a job in strategic consulting at Bain & Company in Menlo Park, California. Cook soon began using the insights he was learning there to look for an idea for a company of his own. That idea came to him one day when his wife was complaining about paying the bills. With personal computers just coming out at the time, Scott thought there might be a market for basic software that would help people pay their bills. He launched Quicken and named his company Intuit in 1983, which today ...
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Mailchimp
Mailchimp is a marketing automation and email marketing platform. "Mailchimp" is the trade name of its operator, Rocket Science Group, an American company founded in 2001 by Ben Chestnut and Mark Armstrong, with Dan Kurzius joining at a later date. History Mailchimp was launched in 2001. The platform was named after one of their most popular e-greetings card characters, earning a few thousand dollars monthly. Mailchimp began as a paid service and added a freemium option in 2009. Within a year, its user base had grown from 85,000 to 450,000. By June 2014, it was sending over 10 billion emails per month on behalf of its users. More than 600 million emails are sent through the platform every two days. In August 2017, it was reported that Mailchimp would be opening offices in Brooklyn and Oakland, California. In February 2019, Mailchimp acquired LemonStand, a smaller competitor. Mailchimp later announced its plans to shift from mail distribution to offering a full marketing pl ...
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Credit Karma
Credit Karma is an American multinational personal finance company founded in 2007. It has been a brand of Intuit since December 2020. It is best known as a free credit and financial management platform, but its features also include monitoring of unclaimed property databases and a tool to identify and dispute credit report errors. The company operates in the United States, Canada and the United Kingdom. All of Credit Karma's services are free to consumers. Revenue from targeted advertisements for financial products offsets the costs of its free products and services. Credit Karma earns revenue from lenders, who pay the company when Credit Karma successfully recommends customers to the lenders. History Kenneth Lin, who previously founded Multilytics Marketing and worked with E-Loan and Upromise, launched Credit Karma in 2007 with co-founders Ryan Graciano and Nichole Mustard. The website went live in February 2008. Early investors included Chris Larson, CEO of Prosper, ...
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Tax Preparation
Tax preparation is the process of preparing Tax return (United States), tax returns, often income tax returns, often for a person other than the taxpayer, and generally for compensation. Tax preparation may be done by the taxpayer with or without the help of tax preparation software and online services. Tax preparation may also be done by a licensed professional such as an attorney, certified public accountant or enrolled agent, or by an unlicensed tax preparation business. Some states have licensing requirements for anyone who prepares tax returns for a fee and some for fee-based preparation of state tax returns only. Income tax in the United States, United States income tax laws are considered to be complicated, leading many taxpayers to seek outside assistance with taxes (53.5% of individual tax returns in 2016 were filed by paid preparers). Commercial tax preparation companies have extensively lobbied against the Internal Revenue Service (IRS) creating its own free online system ...
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Free File Alliance
The Free File Alliance is a group of tax preparation companies which operate a public-private partnership with the Internal Revenue Service (IRS) to provide free IRS e-file, electronic tax filing services under the IRS Free File, Free File program to United States taxpayers meeting certain guidelines. The IRS stipulates filers must have an adjusted gross income (AGI) of $84,000 or less for tax year 2024 to qualify, but participating companies can set their own requirements and restrictions. The IRS Free File program is a compromise between the IRS and for-profit tax software companies that enables lower and middle-income filers to file their taxes for free while ensuring the IRS does not develop its own free-to-use tax software that would compete with private, for-profit tax software companies. Free File Alliance is a 501(c)(4) organization registered as Free File, Inc., and based in Clifton, Virginia. Its executive director is Tim Hugo. While many of the Free File Companies offer ...
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Mountain View, California
Mountain View is a city in Santa Clara County, California, United States, part of the San Francisco Bay Area. Named for its views of the Santa Cruz Mountains, the population was 82,376 at the 2020 United States census, 2020 census. Mountain View was integral to the early history and growth of Silicon Valley, and is the location of many high technology companies. In 1956, William Shockley established Shockley Semiconductor Laboratory in Mountain View, the first company to develop silicon semiconductor devices in Silicon Valley. Mountain View houses the headquarters of many of the world's largest technology companies, including Google and Alphabet Inc., Unicode Consortium, Intuit, Applied Intuition, NASA Ames Research Center, and former or existing headquarters for NortonLifeLock, Symantec, 23andMe, LinkedIn, Samsung, Quora and Synopsys. History The fertile land between the Santa Cruz Mountains and the shores of the southern San Francisco Bay once supported multiple village ...
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Suzanne Nora Johnson
Suzanne Nora Johnson (born May 14, 1957) is an American corporate lawyer and executive. Until 2007, she was vice chairman of Goldman Sachs, chair of the Global Markets Institute, head of the firm's Global Investment Research Division, and a member of the firm's management committee. She is the chair of Intuit since 2022. Education Johnson earned her Juris doctor from Harvard Law and her Bachelor of Arts in interdisciplinary studies from the University of Southern California. Career Johnson joined Goldman Sachs in 1985 and became a partner in 1992. While at Goldman Sachs, she chaired the Pine Street/Goldman Sachs University board and served as a board member on the Goldman Sachs Foundation. Prior to joining the firm, Johnson was an attorney with Simpson, Thacher & Bartlett and worked as a law clerk on the United States Court of Appeals. Johnson is lead independent director at Intuit and serves on the board of directors at Pfizer, and VISA. Board and advisory roles In Ju ...
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Free File
The IRS Free File Program is a service that allows U.S. taxpayers to prepare and e-file their federal income tax returns free. Through the program, commercial tax software companies that are part of the Free File Alliance offer free tax preparation software to tax filers with annual adjusted gross income (AGI) below $84,000 for Tax Year 2024. The AGI is adjusted and typically increases slightly for each tax-filing season.IRS.govwww.irs.gov/freefile/ref> The service is available through the IRS's website awww.irs.gov/freefile Free fillable forms also are available to all taxpayers as part of the Free File Program. More than 65 million American taxpayers have used Free File since its inception in 2003. Using a conservative savings estimate of $30 per return, the IRS Free File Program has saved taxpayers nearly $2 billion that they otherwise would have spent for tax preparation during this period. Through the program, 70% of U.S. taxpayers are eligible to use commercial software f ...
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Tax Return (United States)
Tax returns in the United States are reports filed with the Internal Revenue Service (IRS) or with the state or local tax collection agency ( California Franchise Tax Board, for example) containing information used to calculate income tax or other taxes. Tax returns are generally prepared using forms prescribed by the IRS or other applicable taxing authority. Federal returns Under the Internal Revenue Code returns can be classified as either ''tax returns'' or ''information returns'', although the term "tax return" is sometimes used to describe both kinds of returns in a broad sense. Tax returns, in the more narrow sense, are reports of tax liabilities and payments, often including financial information used to compute the tax. A very common federal tax form is IRS Form 1040. A tax return provides information so that the taxation authority can check on the taxpayer's calculations, or can determine the amount of tax owed if the taxpayer is not required to calculate that amount. ...
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