Live data from Hacker News

Intuit to lay off over 3k employees to refocus on AI

techcrunch.com

151–160 of 205 posts

Re: Intuit to lay off over 3k employees to refocus on AI

#151
post #127
post #117

Earlier quoted context omitted.

In the US every Republican takes the Grover Norquist pledge to always make taxes as salient and as unpleasant as possible. The idea being that it will make voters more anti tax

I wish this were true but they get paid by taxes. Besides, there are few things more unpleasant than having your hard earned money taken away from you, regardless of how it happens. I don't think it takes fancy paperwork to make people oppose it.

Once you get habituated to it, it really is easy. When I was younger I was appalled by how much I was losing to taxes. Now I don't even glance at the line items. All that matters is that the end numbers. Hell, if I didn't need to enroll my kid in school which requires a receipt for property taxes, I wouldn't even know that literally 80% of my local taxes to schooling. My property taxes are pretty invisible to me. I don't file, my bank does. It really puts into frame why when a city gets old, they start cutting taxes and squeezing schools.

If taxes were filed automatically, honestly, I'd pay no attention at all to them, but having to sit once a year an actually look at the amount I paid, does get me to think about taxes and what they go towards, at least a little.

Re: Intuit to lay off over 3k employees to refocus on AI

#152
post #138

Earlier quoted context omitted.

I used Claude Code to prepare my personal income tax return this year, and so far the IRS hasn’t come after me. Had Claude generate yaml files for the input/source documents, then had it generate code to process the return into output yaml files. Manually typed the results into the IRS Free File Forms website, and was pleased to see that it did some input validation. Had it generate Code modules to match the IRS form…

Still blows my mind that Americans have to do this. In the UK almost nobody needs to "file their takes" and if you do you just do it online without the need for software.

Until you have to deal with bed and breakfast rules for RSUs. Good luck getting free software to understand that. There are a couple of open source attempts but they are skeleton at best.

Re: Intuit to lay off over 3k employees to refocus on AI

#153
post #96

Earlier quoted context omitted.

We don't have one. Are you talking about Direct File? The Trump admin killed it, though it was successfully nerfed from the start anyway by the Intuit and H&R Block lobbyists -- you couldn't even itemize deductions, or have 1099 income. If your taxes were that simple, you didn't need software, you could do your taxes with the 1040EZ form, a pocket calculator and 10 minutes. Note: If you're just taking the piss becaus…

> you could do your taxes with the 1040EZ form, a pocket calculator and 10 minutes. Shouldn't the correct way to file simple taxes be to just accept (sign) a value? Why is any arithmetic needed at all? Doesn't the tax authority know the numbers (What you earned, how much you paid in taxes) and they could figure out what you owe automatically? I've just "accepted" or "signed" my tax return (not in the US obviously) fo…

I suspect a lot of it is to ensure people who are paid in cash have a strong moment where it can be argued that they took significant agency to hide that from the IRS.

“I just clicked yes on the web form.” might not feel as compelling to a jury filling out paper forms and conveniently forgetting my cash-based income. (I suspect the same reason is why you have to carry your luggage a few hundred feet over a line and recheck it when connecting on an international to domestic flight coming into the US: so there is a clear moment when you personally carried your luggage over a line, so if there’s material that wasn’t allowed to come over that line, you’re attached to it when it happened.)

Re: Intuit to lay off over 3k employees to refocus on AI

#154

Earlier quoted context omitted.

Why pay for tax software? What's wrong with the free tax submission website?

most are limited to a simple 1040

Freetaxusa isn't. I've done complicated schedule K, etc forms on it

Re: Intuit to lay off over 3k employees to refocus on AI

#155
post #112
post #107

Earlier quoted context omitted.

The article was written by AI

How do you know? There's a lazy habit from some folks to say something they either disagree with or don't understand was "written by AI" without backing up that statement.

>>There's a lazy habit from some folks to say something they either disagree with or don't understand was "written by AI" without backing up that statement.

Thank you for saying this, I keep arguing the same. "This is llm" has become lazy for "I dont like this so I will pretend its llm"

Re: Intuit to lay off over 3k employees to refocus on AI

#156
A quick reminder to all commentators that in addition to Turbotax and Quickbooks, Intuit also owns MailChimp for (nowadays pretty broad) marketing, CreditKarma for your credit scores/analysis (and pitching you credit cards), and professional enterprise tax prep software. There’s a lot of red-queening happening in AI for marketing and financial assessment software. Individual tax prep, maybe not as much?

Re: Intuit to lay off over 3k employees to refocus on AI

#157
post #141

Earlier quoted context omitted.

But do they have to? In my country income taxes are automatically deducted. If you've got a single job and don't own large amounts of properties there's a decent chance your tax bill is exactly €0 and that there's no requirement for you to file.

In the UK tax on interest earned on plain savings accounts isn't deducted at source - so if you have a rainy day pot chances are you're required to register for self assessment and pay tax on it (particularly now that interest rates are higher and it's relatively easy to go above the tax free threshold, which has been frozen for a long time). If you have investments outside of an ISA (tax free investment wrapper) the…

> In the UK tax on interest earned on plain savings accounts isn't deducted at source

Yes, but as you point out you should really be using the ISA wrapper or a pension of some sort for most investments. I suspect most of those doing self assessment will either (a) be in the upper 25% of earners or (b) self-employed (~4.5m people).

It is annoying how the government has chosen to make tax slightly more annoying with "making tax digital" for self-employed people with quarterly reporting.

Re: Intuit to lay off over 3k employees to refocus on AI

#158
post #41

Earlier quoted context omitted.

I made the switch to FreeTaxUSA from H&R Block online this year. It was very easy and I'm kicking myself for not doing it sooner. You can upload your previous year's PDF from your other software to import the data.

I've been using it for a few years now and it seems fine. I'm already stuck with one Intuit product (Quicken), I'm not using any more.

Intuit sold off Quicken a decade ago, and it's been a standalone company since then: https://www.pcworld.com/article/419931/intuit-selling-quicke...

Re: Intuit to lay off over 3k employees to refocus on AI

#159

Earlier quoted context omitted.

> except that the entire law isn't defined in one place > These things are knowable There are absolutely undefined, unknowable areas of law that are waiting on future SCOTUS decisions to be defined. Heck, we can’t even rely on past SCOTUS decisions. Even in extremely well-defined law like whether LEO’s have valid PC to search someone during a traffic stop, two different judges in the same district will disagree and a…

What's a SCOTUS?

[dead]

Re: Intuit to lay off over 3k employees to refocus on AI

#160
post #112
post #107

Earlier quoted context omitted.

The article was written by AI

How do you know? There's a lazy habit from some folks to say something they either disagree with or don't understand was "written by AI" without backing up that statement.

I'll start downvoting all posts that are about criticizing something solely because it was "made by AI". Humans using AI can make great things.

If the article is bad, just say "this is a bad article without coherent arguments" or something like that.

Post reply on HN