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Wednesday, September 24, 2008

Intuit Affirms Earnings Estimate For 1st Period, Fiscal Year

Robert Daniel

MarketWatch Pulse

TEL AVIV -- Intuit Inc., the Mountain View, Calif., provider of financial solutions including the QuickBooks, Quicken and TurboTas software packages, affirmed its earnings estimates for the first quarter and for fiscal 2009. The fiscal year ends July 31. Late on Tuesday, the company said that for the quarter it expects a loss of 23 cents to 26 cents a share, or an adjusted 11 cents to 14 cents. For the year, it expects to earn $1.41 to $1.45, or an adjusted $1.86 to $1.90. Analysts surveyed by FactSet Research are looking for a 15-cent loss in the first quarter and a $1.77 profit for the year. On the revenue side, Intuit is looking for an increase of 8% to 11% for the quarter and 9% to 12% for the year.

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Word of the Day

Marriage Penalty

Sure, we know some of you are saying the term "marriage penalty" is redundant. In fact, of all the costs associated with getting married (have you seen the cost of a wedding cake lately?), the marriage penalty can be the worst.

Here's how it works: Mr. and Mrs. Right walk down the aisle in wedded bliss and suddenly they¿re a two-income household. If both make roughly the same amount of money, they can be pushed into a higher tax bracket. That's bad, since the higher the bracket, the higher the tax. So, if both were single, they'd end up writing two smaller checks to the tax man that, if combined, would add up to less than the giant check they write in a state of wedded bliss.

Is that fair? We're not touching that, but there is a flip side that few people talk about. The marriage penalty only kicks in if both members of the couple make close to the same amount of money. If there's a big disparity in pay, there's actually a tax advantage. Call it the marriage bonus.

And, it¿s important to remember that there are other financial benefits, such as lower life-insurance rates or health care premiums, that can make up for the extra tax couples pay. So don't let Uncle Sam stop you from saying, "I do."