Intuit drops TaxCalc
Intuit has pulled out of the tax software market, a decision that is expected to affect hundreds of accountants who use its TaxCalc product.
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.