Intuit

Intuit has been working to cater TurboTax to those with more complicated tax situations, betting that those customers could use online help from experts.

The discontinuation includes all 2021 versions of QuickBooks Desktop Pro, Desktop Premier, Desktop for Mac and Enterprise Solutions.

Due to a software glitch, some TurboTax customers were inappropriately encouraged to take deduction choices resulting in higher taxes.

Intuit QuickBooks has introduced split billing for 1099s, which allows e-filing costs for 1099s to be split between accountants and their clients.

Plus, Prismatic launches multi-entity business solution with blockchain-like technology; and other accounting technology updates.

The Federal Trade Commission issued an order forbidding Intuit from describing its TurboTax software as free in any of its promotional materials unless the product is free for everyone.

Tech giant Intuit has filed suit against H&R Block, accusing the tax prep giant of making false and misleading statements regarding prices.

Plus, Intuit adds TurboTax to Credit Karma and QuickBooks; FreshBooks introduces payroll capacities; and other accounting tech news.

In the fiscal year ending in July 2023, Intuit received $106 million in federal research and experimentation credits, which amounted to about 4% of its total R&D expenses.

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