| Intuit to Buy Homestead Technologies
Software developer Intuit Inc. said Monday it will buy Homestead Technologies Inc., a privately held maker of Web site development software, in a deal it valued at $170 million. Intuit, which makes Quicken, TurboTax and small business accounting software QuickBooks, said the deal will add Web site creation and e-commerce software to its product mix. "This acquisition supports our growth strategy in small business by addressing an underserved need, and continues Intuit's move beyond financial management solutions into helping small businesses solve other important problems," Brad Smith, senior vice president of Intuit's small business group, said in a statement. Homestead will become part of the small business group following the acquisition. Justin Kitch, the company's founder and chief executive, will manage the Homestead staff.
Web Winners |
There are only a few more weeks to take action to limit your business and personal tax bills for the year. Here are some Web sites to help sort your credits and deductions. Options estimator. The SmartMoney tax guide has a couple of simple tax tools for us corporate titans - a couple of stock option tax estimators, for example. Of course, they are not much use while your company's stock is in the tank. But, hey, the year is not over yet. There is advice on how to deduct business travel, even if some of your business trip is for fun, and an explanation for when to engage in year-end dumping of loser stocks. www.smartmoney.com/tax/ Small business. Words of advice for small-business owners on ways to cut the tax bill in the final weeks of the year include opening retirement accounts, making charitable gifts, and even making small deductible gifts to "legitimate business associates." This is the Web site of the National Federation of Independent Business, a lobbyist group.
Intuit to buy Homestead Technologies
MOUNTAIN VIEW, Calif. (AP) - Software developer Intuit Inc. (Nachrichten) said Monday it will buy Homestead Technologies Inc., a privately held maker of Web site development software, in a deal it valued at $170 million. Intuit, which makes Quicken, TurboTax and small business accounting software QuickBooks, said the deal will add Web site creation and e-commerce software to its product mix. 'This acquisition supports our growth strategy in small business by addressing an underserved need, and continues Intuit's move beyond financial management solutions into helping small businesses solve other important problems,' Brad Smith, senior vice president of Intuit's small business group, said in a statement. Homestead will become part of the small business group following the acquisition.
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