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

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

#141

Post by crote »

awjlogan wrote: post #139
nly wrote: post #138

Earlier quoted context omitted.

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.

A lot of people in the UK file their taxes (~12 million, roughly 35% of employed adults, not taking into account those unemployed with assets and pensions), but the self assessment is straightforward and very easy to use.

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.

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

#142

Post by swiftcoder »

flomo wrote: post #134
swiftcoder wrote: post #131

Earlier quoted context omitted.

> Its 2026 and times are tough baby Tough even for firms that have regulatory capture in a ~$48 billion market?

You know it as well as I, no gotcha here buddy. It's getting tough for shitters with some old ass legacy PC who depend on online services. Hopefully they were smart enough to understand they were living on borrowed time. edit, also there are government subsided smartphones if you need one.

> old ass legacy PC

A bunch of the unsupported PCs aren't even that old.

I bought a Ryzen 5 1600X in 2017, which is noticeably higher performance than the basic tier of processors supported by windows 11, but it's not on the supported list, and you have to bypass the installer to get windows 11 running.

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

#144

Post by awjlogan »

crote wrote: post #141
awjlogan wrote: post #139

Earlier quoted context omitted.

A lot of people in the UK file their taxes (~12 million, roughly 35% of employed adults, not taking into account those unemployed with assets and pensions), but the self assessment is straightforward and very easy to use.

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.

No, you don't have to. If you are employed through a company, stay below £100K income and don't have other income then (generally) you don't need to do a tax return - it's all handled automatically through pay as you earn payroll. However, as shown, a lot of people are self employed, want to claim deductions, have some side income etc. However, for those that do need to, it is really straightforward.

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

#146

Post by mnahkies »

crote wrote: post #141
awjlogan wrote: post #139

Earlier quoted context omitted.

A lot of people in the UK file their taxes (~12 million, roughly 35% of employed adults, not taking into account those unemployed with assets and pensions), but the self assessment is straightforward and very easy to use.

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) then same story - you need to report disposals and dividends for tax purposes.

That's before we get into side hustles/self employment and investment properties, etc.

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

#147

Post by amanaplanacanal »

gdulli wrote: post #41
kev009 wrote: post #32

Earlier quoted context omitted.

I've been using it out of laziness because I know it will import the previous year. But it is pretty buggy and getting worse, they clearly want you to move off the desktop software. If you look at the actual generated tax forms, there's a lot of extra pomp around filling out some pretty trivial forms and worksheets. If they cut the desktop software I think I will just move to something like https://www.freetaxusa.com…

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.

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

#148

Post by drstewart »

venzaspa wrote: post #140
drstewart wrote: post #125

Earlier quoted context omitted.

Maybe you, as an infinitely wise European, can explain this page: https://www.gov.uk/government/publications/self-assessment-c...

The vast majority of people in the UK don't have to fill out a self assessment because their tax situation is simple and handed by their employers. For the people who do have more complicated tax arrangements, the process takes like 10-15 minutes on the HMRC portal and importantly it's free.

So all these commercial software offerings for SAs exist just for fun? I guess I just don't understand why these exist. Europeans have yet to explain this adequately.

Can you show me the free option that existed in HMRC's portal for non-domiciled statuses? I can only find websites that contradict your point:

https://www.dtaxfiler.co.uk/blog/residence-remittance-sa109

>You will need to use commercial software that supports the SA109 form (such as DTax Filer), You cannot submit the SA109 form through HMRC’s free online service. . If you do not use compatible software, you will need to print and post your tax return instead.

Clearly they're lying and you should correct them post-haste.

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

#150

Post by true_religion »

zknill wrote: post #112
bloppe wrote: 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 don’t think it’s AI. AI would at least keep the article body consistent with the title even if it had to bend over backward and hallucinate new facts.
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