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Intuit Snap Payroll Makes Calculating Paychecks a Snap

Free App for iPhone, iPad and iPod Touch Removes Hassle and Guesswork, Allows Employers to Pay With Confidence

MOUNTAIN VIEW, Calif. – Jul. 12, 2012 – Intuit Inc. (Nasdaq: INTU), the No. 1 small business payroll provider in the U.S. with more than 1 million customers, now offers a free payroll app for iPhone, iPad and iPod touch that simplifies paycheck calculations for new employers and small businesses that process payroll by hand.

Snap Payroll frees them from relying on a spreadsheet and their own math skills to determine the appropriate pay and how much to deduct for taxes. It lets employers calculate paychecks in minutes, anytime and anywhere, and pay employees with confidence.

The app provides guidance to the 31 percent of small businesses that are processing payroll manually as well as first-time employers who don’t know where to begin. The easy-to-use tool is always updated with the latest tax rates, eliminating the hassle and errors that can come from trying to calculate paychecks manually. The U.S. Chamber of Commerce estimates that one in three small businesses incur some type of payroll penalty every year because of inaccuracies, which using Snap Payroll can help them avoid.

“Snap Payroll made figuring out how to pay my first employee completely painless - I wouldn’t have known where to start without it,” said Angela Privin, founder of Do-It-Yourself-Health.Com online community. “As a busy health coach, I manage most of my business on my iPhone and being able to calculate paychecks anywhere saves me precious time.”

Goodbye Math, Hello Paycheck

Snap Payroll makes it easy for busy employers to create paychecks. They simply enter the hours an employee worked, along with their pay rate and the app does the math. It also keeps a record of paycheck history for easy reference and includes federal and state tax withholding forms.

“At Intuit, we develop products by discovering customers’ unmet, real-world problems and work to solve them in innovative ways,” said Ginny Lee, senior vice president and general manager of Intuit’s Employee Management Solution division. “Snap Payroll is the perfect example of this. It’s a free app that will generate delight and enduring value for small businesses with very specific payroll needs.”

The Snap Payroll app is available for free from the App Store on iPhone, iPad and iPod touch or at www.itunes.com/appstore. It currently supports employers in Alaska, California, Florida, Illinois, Nevada, New Hampshire, New York, South Dakota, Tennessee, Texas, Washington and Wyoming, with more states to come in the following months. To learn more about Snap Payroll or request a specific state, visit http://www.snappayroll.com/.

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About Intuit Inc.

Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation offerings for professional accountants. Intuit Financial Services helps banks and credit unions grow by providing on-demand solutions and services that make it easier for consumers and businesses to manage their money.

Founded in 1983, Intuit had annual revenue of $3.9 billion in its fiscal year 2011. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com.

Intuit and the Intuit logo, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.

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