Intuit Expected To Announce Lackluster Quarterly Earnings

Intuit Expected To Announce Lackluster Quarterly Earnings

Intuit is preparing to announce its quarterly earnings on May 21. Recently, the company softened its earnings outlook in a note to shareholders. Investors won’t treat the company very well when it announces lackluster earnings. That doesn’t mean Intuit has lost its value for investors, though. These days, the parent company of TurboTax still has room to grow. It’s already planning changes in the coming years, too. Like my favorite local company, Hollier’s Flooring America in Lafayette, Intuit is able to adapt and offer great products every year. And this last year was no different.

The headquarters of Intuit Inc. in Mountain Vi...
The headquarters of Intuit Inc. in Mountain View, California (Silicon Valley). (Photo credit: Wikipedia)

Intuit earnings for the previous quarter are likely to take a slight dip. A lower volume of processed tax returns was cited as the cause for the impending dip in revenue. Of course, tax preparation is a huge industry with tons of competition. TurboTax isn’t the only company that offers free and paid returns either. By expanding beyond this industry, Intuit earnings and growth can continue.

Luckily, Intuit is already pushing projects outside of TurboTax. The company wants to appeal to businesses on top of consumers in order to boost Intuit earnings. Payroll services and mobile banking applications are prime targets for Intuit. By moving into these segments, revenue can be boosted with a new segment of customers. Success isn’t guaranteed with this bold moves, though.

Intuit’s quarterly earnings might falter, but the company shouldn’t be counted out yet. Sure, most of its revenue is generated by TurboTax, but the company holds enough resources to branch out elsewhere. Investors should stick with the company while it transitions to other projects. TurboTax will always be its main source of income. In the end, other projects can rake in the money, too.

The Benefits Of Using TurboTax To File Your Taxes

Using TurboTax 2013 To File Your Taxes

If you have never used Turbo Tax before, you need to consider filing your taxes with this computer program this year. The old methods of tax preparation are quickly becoming archaic. Computers have revolutionized the process, and TurboTax 2013 is leading the way with a number of different advantages.

turbotax
turbotax (Photo credit: davidking)

You Can E-File
One of the main benefits of Turbo Tax is that you can e-file your paperwork when you get done. Say goodbye to stamps, envelopes, and getting your documents back because you didn’t use enough postage. With TurboTax 2013, you could do your taxes on the last possible day and still submit them on time with fast, electronic delivery.

Saving Money
On top of that, Turbo Tax will save you a fair bit of money if you have been going to a CPA. Maybe you have been willing to part with your money because you did not study tax law and you don’t want to make a mistake. TurboTax 2013 makes it easy for anyone to do their taxes, regardless of their background, so you can eliminate those annoying CPA fees.

An Easy, Question-Based System
Turbo Tax uses a system of questions to get the right information from you. These questions are much easier to understand than the legal jargon that is found on standard tax papers. TurboTax 2013 was made for the general public, so you do not have to do any research to use it. Just answer the questions and your paperwork will be filled out for you.

Saving Your Work
You can also save your work with Turbo Tax. Maybe you only have an hour to spare, but you want to get started. You don’t have to do it all in one sitting. With TurboTax 2013, you could work on it for a half an hour each day if that is what you wanted to do. This allows you to spread the work out so that your taxes do not seem quite so daunting. You can fit the work into your busy schedule.

Importing Old Data
If you have used a different version of Turbo Tax before, and you kept your return, you may be able to import the data from that return. This can save you quite a bit of time. If your personal information is the same, just import it into TurboTax 2013 in seconds to get started.

The Industry Leader
As you can see, Turbo Tax gives you a new way to do your taxes that you will love. If you have struggled with other software programs or if you have been afraid to try them, give TurboTax 2013 a shot this year, and you will see why it is the industry leader.

TurboTax Saves You Time And Money

TurboTax Saves You Time And Money

Again it is that time of the year that you dread; tax time.  It may seem like you just filed, but now you are running out of time to complete and submit your IRS 2012 taxes.  Many people make major mistakes when it comes to filing their taxes.  One common mistake is completing their tax paperwork on their own,  without the use of professional tax expert or professional tax software.  Due to this mistake they underestimate their estimated tax payment and end up owing a lot more than they thought they would.  This can lead to financial trouble for years to come and having to pay penalties and interest.  No one wants to pay more than what they actually owe in IRS 2012 taxes.  Using TurboTax will help you avoid this costly mistake.

IRS Form 1040
IRS Form 1040 (Photo credit: bradleygee)

One benefit to using TurboTax software is that you can use it on your own time. No need to schedule a last minute appointment with a tax professional, who may overcharge you now that you have waited until the last minute to file your taxes.  TurboTax is there and ready when you are.  With TurboTax you do not pay more to file or to use their system if you wait until the deadline to file.  This program is updated with all the new tax laws and codes and will help you get your taxes completely done correctly the first time.

If you are self-employed ,or are an investor, or a landlord, you most likely will need to estimate your tax liability.  People in these categories often do not have enough income tax withholdings to cover what they owe in federal taxes.  TurboTax can help you accurately calculate your estimated tax payments.  To figure out your tax liability when looking at your Form 1040, look at lines 62, which is your total tax, and lines 63, your tax withholding.  Subtract the withholding from the total tax.  The sum is your tax liability.  Estimated tax payments, if you owe them, are due quarterly on the 15th of April, June, September and January.  If your income will change significantly in the next year, you should consider calculating your estimated tax payments from your projected total income.

When submitting your estimated tax payments to the IRS use the 1040-ES form as a voucher to help make sure your payment is processed properly.  Make your check out to “United States Treasury”.  In the memo area of the check be sure to include your social security number and the year for which you are paying taxes.  You can also make a payment using the Electronic Federal Tax Payment System.

No matter you financial situation or tax liability, TurboTax can help you with your IRS 2012 taxes.  This program eliminates the need to track down tax forms, send in W2s, and takes the guesswork out of filing your taxes and your estimated tax payment.  Whether you are ahead of the game or waiting until the 11th hour, TurboTax will help you file your taxes accurately and easily.

E-Filing Your Taxes With TurboTax

E-Filing Your Taxes With TurboTax 2013

We are in the midst of the 2013 tax filing season. Every year since 1993; Americans have increasingly used e-filing software to file their tax returns. TurboTax 2013 has perfected the process of contemporary electronic tax filing.

Since the IRS introduced electronic filing in 1990, they have securely processed over 1 billion individually prepared electronic tax returns. The IRS touts e filing for the following benefits —

• The Tax Returns are More Accurate and Complete – TurboTax 2013 does all the math calculating and even compares data from previous year’s filings for consistency. TurboTax is able to determine state taxes where that information is required on a Federal return, you do not need a separate resource for that. You do not have to be an experienced tax filer to use TurboTax2013.
• Secure and Confirmed Delivery of Your Return — TurboTax utilizes state of the art encryption technology for the secure web transport of your tax return. You will receive an email within 48hrs from the IRS confirming receipt of your return.
• Refunds are Processed and Delivered More Quickly — E filed returns that indicate refunds are processed more quickly than paper filed tax returns. TurboTax2013 works seamlessly with your bank and the IRS for faster direct depositing of your refund.
• Ease of Use — There is no simpler, easy to navigate and use tax software than TurboTax2013. TurboTax is intuitive and self-correcting. TurboTax will prepare your Federal and state returns simultaneously, alleviating the need to input the same data on two forms. TurboTax software is written with knowledge of all the divergent state laws and procedures for filing and makes those transparent for the user.
• Peace of Mind — In addition to the 48-hour receipt confirmation by email from the IRS, you will have peace of mind that your e filed return is accurate.

E-File Dates

E-files dates for 2013 start with the opening date of January 30. The IRS will begin accepting e filed returns after incorporating all the tax policy and law changes that took effect January 2nd. Some e-file dates are later due to late legislation that requires more extensive system testing and programming. Nevertheless, the IRS is prepared to start accepting electronic returns by January 30th, and will process the biggest volume of e filings by late February-early March. That group includes those who will be claiming energy credits, property credits and other business related tax incentives.

The IRS says that the best option is to file electronically. TurboTax 2013 is the safest, quickest and easiest to use software for e filing. You will be assured to meet the e-file dates and have access to TurboTax’s outstanding customer service and support should you encounter an issue with your return that requires expert assistance. TurboTax is the best selling, most trusted e filing software for a reason, the reason is trust; TurboTax gives its users the assurance of an accurate, securely prepared and delivered tax return.

Super Saturday In Ohio: Day Of Help For Filing Taxes

Day Of Help For Filing Taxes

Super Saturday is a day of help in Ohio for residents in need of help filing taxes. Formerly known as the Franklin County EITC Coalition, the Tax Time Coalition of Central Ohio is ready with professionals in the tax business to help others in need of their services.

The 2013 tax-prep program is funded every year by the Franklin County commissioners. This year, $75,000 was released to support the event. Tax Time serves an estimated 400 families on Super Saturday, with many qualifying for the Earned Income Tax Credit.

English: The headquarters of Intuit Consumer T...
English: The headquarters of Intuit Consumer Tax Group at the northern end of San Diego. This is where Intuit develops its flagship tax return preparation product, TurboTax. (Photo credit: Wikipedia)

Franklin County is home to many low income households who appreciate the help when it comes to finding refunds. With 25 percent earning less than $25,000 a year, any amount of tax credit refund is welcome.  Super Saturday will be held this year at Columbus Downtown High School at 364 S. 4th Street from 9 a.m. to 5 p.m. Reserving a time in advance is suggested by dialing 211, but residents are free to drop by at their convenience.

Super Saturday will also be host to the Kindergarten-readiness assessments, mobile health van, and a financial resource fair. Residents will get information on banking services, repairing damaged credit, financing college, and other benefit screenings.

If you are a professional tax preparer and would like to volunteer your time on Super Saturday, please register at www.taxtimecentralohio.org

The Benefits Of Using Federal Free TurboTax

Federal Free TurboTax

It isn’t long until 2012 taxes have to be filed. More people are filing online using software like free Turbo Tax. Filing online can make the process easier and it saves time going to a tax preparer. Software such as Federal Free TurboTax does everything for you.

How Turbo Tax Software Works

Turbotax get started
Turbotax get started (Photo credit: wrkng)

Turbo Tax is used by millions of people each year. They comment on how it made the process simpler and faster. This software automatically calculates your refund or taxes you according to the data you enter. You can also save your documents for future reference in case any issues arise. If you can’t finish in one session, it saves your work. Your return is sent to the IRS after completion. Perhaps one of the best features of Turbo Tax is the deduction maximizer. It uses a patented algorithm to figure you optimal deductions. Many users have seen a great increase in refunds.

There are still those who prefer to use the conventional way of filing taxes. However,choosing this route can take much longer to get your refund. It can take the IRS up to six weeks before they send your check in the mail. Federal Free TurboTax software is something you may want to think about for filing taxes in 2013. It works the same as if you go to a tax preparer without all the hassle. You will be able to get your refund much sooner when you file online.