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 QuickBooks has launched two innovative financial products aimed at enhancing cash flow for small businesses: QuickBooks Get Paid Upfront and QuickBooks Early Pay. Get Paid Upfront allows eligible customers to access up to $30,000 against unpaid invoices, providing instant payment after a flat 3% fee. Early Pay enables employees to access their earnings before payday, helping them manage unexpected expenses. These offerings aim to improve financial flexibility for small businesses and their employees, reflecting Intuit's commitment to financial innovation.
Credit Karma Money has launched Credit Builder, a free, interest-free program designed for U.S. members with credit scores of 620 or below to help them build credit while saving money. Members set an initial savings goal of $500 and contribute towards it, with payments automatically reported to credit bureaus. Notably, Credit Builder does not charge monthly fees or have an APR, providing a low-risk opportunity for members to demonstrate responsible borrowing behavior.
Intuit Inc. (NASDAQ: INTU) will host its virtual annual stockholder meeting on January 20 at 8 a.m. Pacific Time. CEO Sasan Goodarzi will present the company’s fiscal year 2021 results and outline future growth strategies. The event will be accessible via webcast on Intuit's investor relations website, with a replay available 24 hours post-meeting. Intuit continues to serve over 100 million customers globally through its platforms like TurboTax, QuickBooks, Mint, Credit Karma, and Mailchimp.
Intuit (NASDAQ: INTU) has launched a new Bill Negotiation feature in Mint, allowing users to save money on monthly bills through a partnership with Billshark. This tool identifies potential savings opportunities across various services, including internet and phone bills, and connects users with Billshark to negotiate better rates on their behalf. With over 30 million Mint users, this feature aims to simplify the bill management process and has reportedly helped users save hundreds of dollars annually.
Intuit has launched a new integrated campaign for QuickBooks, targeting the projected 17 million small businesses expected to start in 2022. The "Early Start" campaign aims to support entrepreneurs by highlighting their stories and showcasing how QuickBooks can assist in managing essential business operations.
The campaign will feature candid ads across North America, educational resources from Dr. Sherry Walling, a comprehensive social media approach, and influencer activations. This initiative reflects Intuit's commitment to empowering small business owners from day one.
Intuit (NASDAQ: INTU) has launched its '$0 Any Way' offer via TurboTax, allowing approximately 60 million filers with simple returns to file for free, using various methods. Over 17 million taxpayers utilized TurboTax for free last year, marking a record. This year, TurboTax expands its offerings to include TurboTax Live Basic and Full Service Basic at no cost for eligible filers. The promotion lasts until February 15, 2022 for Full Service and March 31, 2022 for Live Basic, emphasizing the use of AI for expert matching.
Summary not available.
SVP Charlotte, in partnership with Credit Karma, is investing up to $120,000 into two local nonprofits, Feeding Charlotte and the Soccer Foundation of Charlotte, to enhance upward mobility in underserved communities. This marks SVP Charlotte's 22nd and 23rd investments since 2005, totaling nearly $2 million. Credit Karma's investment includes $90,000 this year, with $60,000 allocated to grants for these organizations. Feeding Charlotte has rescued 58,000 pounds of food this year, providing 48,000 meals. The Soccer Foundation aims to serve over 1,000 students by 2023.
Credit Karma has launched a new tax experience for U.S. members, integrating with Intuit's TurboTax. The new service simplifies tax filing, offering early access to refunds through Credit Karma Money's refund advance programs. Members filing simple tax returns can do so directly in the Credit Karma app and receive their refunds earlier. The platform aims to provide valuable financial insights and tools, helping users manage their money effectively. The integration is designed to enhance user experience and provide greater visibility into personal finances.
Summary not available.