Intuit

The June QuickBooks update has brought bolstered reporting capabilities for QuickBooks Online and QBO Accountant, and a new tier for QuickBooks Desktop Enterprise that offers assisted payroll and industry-specific editions.

The latest update adds a loan forgiveness estimator and PPP-specific reports to QuickBooks Online, among other tools.

The Small Business Relief Initiative is designed to get money in the hands of small businesses specifically struggling to pay employees and business expenses during the pandemic.

The coalition proposed the federal government set up and fund a central payroll account for small-business payroll processors to use to direct funds to small businesses to keep paying employees.

Several legal experts see parallels to a 2011 attempt by H&R Block Inc. to acquire another DIY tax software company that regulators blocked.

New practice management and crypto-tax tools for tax pros, along with extra tax season resources and much more.

The platform will be available for tax year 2020.

Megia, who has headed Intuit’s ProAdvisor and Education Program since 2017, has stepped down to return to entrepreneurship.

The software giant behind TurboTax is buying out a potential competitor in the tax prep market.

Intuit Inc. is close to buying Credit Karma Inc. for about $7 billion in cash and stock deal, The Wall Street Journal reported, citing people familiar with the matter it didn’t identify.