Following a review of its business operations, Intuit has exited its TaxCalc business and also quit production of its personal finance product Quicken.
Accountants will still be able to use TaxCalc through the 2004 tax season, and will have access to support and online services until January 2006.
However, Accountancy Age understands that many accountants have already begun to look for an alternative tax software product.
‘This came very much out of the blue for their customers,’ said one senior source within the tax software industry. ‘They feel very let down’.
Intuit has stated that the decision will allow the company to concentrate fully on its popular QuickBooks small business accounting software.
Barclays has partnered with accounting software company Xero to provide businesses with access to transaction data through its direct feed.
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
Xero unveiled its expanded global partner programme at Xerocon South, the accounting technology conference in Australasia
Accountancy software firm Sage has been hit by a data breach which may have compromised the personal details and bank account details of as many as 300 UK businesses