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ADP Partners With Intuit, the Makers of TurboTax, to Deliver Automated Tax Preparation to 30 Million Employees.


Business Editors

SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Calif. & ROSELAND, N.J.--(BUSINESS WIRE)--Oct. 21, 2002

Agreement will allow ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing.

(2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp.
 customers to deliver Form W-2

information to employees for direct import into

the #1-selling tax preparation software

Intuit in·tu·it  
tr.v. in·tu·it·ed, in·tu·it·ing, in·tu·its Usage Problem
To know intuitively.



[Back-formation from intuition.
 Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:INTU INTU Intuit, Inc. (stock abbreviation, AMEX) ), makers of the #1-best selling TurboTax(R) tax preparation software products, and ADP Employer Services, a division of ADP, Inc. (NYSE NYSE

See: New York Stock Exchange
:ADP), the leading provider of comprehensive integrated outsourced payroll and human resource services, today announced they have signed an agreement to provide ADP customers the ability to deliver Form W-2 information to employees that can be imported directly into TurboTax via its revolutionary Instant Data Entry feature.

"We're excited to begin this relationship with ADP and help them deliver value-added solutions for their customers," said Tom Allanson, senior vice president of Intuit's Consumer Tax Division. "Teaming up with ADP to provide 30 million employees the option of importing their tax information directly into their TurboTax return, and the increased availability of TurboTax products to these employees, raises the standard of what employers can do via partnerships to make tax time less taxing."

Intuit introduced Instant Data Entry (IDE) functionality in TurboTax products two years ago. IDE allows customers to import common tax information - from forms like W-2, 1098, and 1099 - directly into their TurboTax return saving time and making their return more accurate than if they entered the information manually. The IDE feature will allow ADP customers and their employees to streamline their tax preparation and significantly reduce the amount of time spent completing their tax return.

"We're looking forward to working with Intuit to provide our clients and their employees with this easy-to-use, time saving feature to make tax filing easier and more accurate," said John LaMancuso, vice president of marketing, ADP Employer Services, Major Accounts Division. "ADP is the leading provider of integrated outsourced payroll and human resource services, and by providing this service to our clients' employees, we're able to extend to them the advantages that make ADP the provider of choice."

About ADP

Automatic Data Processing Same as data processing. , Inc. is one of the largest independent computing services firms in the world, with $7 billion in revenue and 500,000 clients. ADP's Employer Services (ES) Division is a leading provider of integrated business administrative solutions that help its over 450,000 clients efficiently manage their internal processes, allowing them to focus on core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
  1. It provides customer benefits
  2. It is hard for competitors to imitate
  3. It can be leveraged widely to many products and markets.
. ADP's Employer Services offerings include both traditional and Internet-based outsourcing products and services, giving clients the ability to select from ADP's comprehensive range of World Class Service solutions.

About TurboTax

In its 18th tax season, TurboTax was the No.1-selling tax preparation software program in 2001, with 71 percent share of units sold at retail according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 NPD NPD New Product Development
NPD Nouveau Parti Démocratique (Canada)
NPD Narcissistic Personality Disorder
NPD Norwegian Petroleum Directorate
NPD Nationaldemokratische Partei Deutschlands
 Intelect. Its Web-based counterpart, the TurboTax for the Web(SM) service, is the most popular site for online tax preparation and filing services. With more than 18 years of personal finance expertise, the TurboTax family of products saves time and money for more than 14 million Americans each year.

About Intuit Inc.

Intuit Inc. (NASDAQ: INTU) is a leading provider of business and financial management solutions for small businesses, consumers and accounting professionals. Its flagship products and services, including QuickBooks(R), Quicken(R)and TurboTax(R), simplify small business management and payroll processing, personal finance and tax preparation and filing.

Founded in 1983, Intuit has annual revenue of more than $1 billion. The company has over 6,000 employees with major offices in 11 states across the U.S. and offices in Canada, Japan and the United Kingdom. More information can be found at www.intuit.com.

Intuit, the Intuit logo, Quicken, QuickBooks, TurboTax and TurboTax for the Web, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and other countries. ADP is a registered trademark of ADP North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Inc. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Oct 21, 2002
Words:660
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