Intuit Inc was incorporated in California in March 1984. The Company was reincorporated in Delaware and completed its initial public offering in March 1993. The Company creates business and financial management solutions that help simplify the business of life for small businesses, consumers, and accounting professionals. The Company's products and services include; QuickBooks, TurboTax, Quicken and Mint, and help customers solve business and financial management problems including running a small business, paying bills, and filing income taxes. The Company's tax preparation offerings for professional accountants includes; ProSeries and Lacerte. The Company operates its businesses into three segments; Small Business, Consumer Tax, and Professional Tax. The Small Business segment includes offerings targeting the small business market. It includes QuickBooks financial and business management online services and desktop software for small businesses and the accounting professionals serving small businesses; Small business payroll and employee management products and services; Payment processing services for small businesses, including merchant services such as credit and debit card processing; web-based transaction processing services for online merchants; secure online payments for small businesses and their customers through the Intuit Commerce Network; GoPayment mobile payment processing services; and QuickBooks Point of Sale solutions. The Consumer Tax segment targets consumers and includes TurboTax income tax preparation products and services and electronic tax filing services. The Professional Tax segment targets professional accountants and includes Lacerte, ProSeries, and Intuit Tax Online professional tax products and services. The Company faces competition in all businesses, both domestically and internationally. The Company's competitors includes; Wells Fargo, JP Morgan Chase, Bank of America, First Data Corporation, Elavon, Global Payments, FIS-Certegy, PayPal and Square. The Company is subject to federal and state laws and government regulations concerning employee safety and health and environmental matters.
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