1. What are the major current issues in payroll that accountants should be aware of?
The main issue we've heard from accountants regarding payroll is the challenging economy. Accountants are trying to be as profitable from payroll as they possibly can. As a result, accountants may be looking for ways to attract new payroll clients, while also seeking additional services to offer existing payroll clients. We are responding by helping drive business to accountants and delivering new products and services that accountants can offer to increase revenue.
2. What should they do to address these issues?
Accountants should source payroll products and services from established, well-known companies. Intuit is an established public company dedicated to serving accountants. We are well-positioned to regularly deliver new services and features that make an accountant's jobs easier and profitable. Accountants should consider the long-term security of their businesses when they select payroll products and the company that provides them.
3. How are you helping them deal with these issues?
Intuit is committed to partnering with accountants. One way we are helping drive business to accountants is through the ProAdvisor Program, with tools such as the Find-a-ProAdvisor Web site, visited by 40,000 potential clients monthly. We just introduced Intuit Online Payroll for Accounting Professionals (formerly PayCycle), which makes it easy to be profitable with payroll. We are also creating new options such as workers' compensation, health care, and retirement services that accountants can offer their clients.
Founded in 1983, Intuit Inc. is a leading provider of business and financial management solutions for accounting professionals serving small and midsized businesses, consumers, small businesses and financial institutions. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management, payroll processing, finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation offerings for professional accountants.
Intuit had annual revenue of $3.2 billion in its fiscal year 2009. The company has approximately 8,200 employees with major offices in the United States, Canada, the United Kingdom and India. More information can be found at www.intuit.com.
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