Microsoft says it will sell tax software to individuals and businesses for the first time
By MARK WAGNERAssociated PressBusinesses, universities and even government agencies are using Microsoft’s Office 365 suite of productivity software as a way to boost productivity and efficiency.
In its fiscal 2020 financial reports, Microsoft said it plans to sell a suite of software updates and tax software for the personal, professional and government segments of the business and financial industries.
In fiscal 2020, Microsoft plans to make software upgrades available to millions of businesses, according to Microsoft.
Microsoft will be selling tax software, the company said, to consumers for the fiscal year beginning Jan. 1.
It’s not the first step in a wider effort to sell software for businesses and consumers.
In February, the U.S. Federal Trade Commission began investigating Microsoft over the way the company uses a business suite of Office software to manage its business data.
The FTC is looking at how Microsoft collects and uses customer data, and whether customers are misled about its privacy policies.
Microsoft said in its fiscal 2018 financials that the revenue from its software offerings was $8.5 billion, up 12% from $7.8 billion a year earlier.
The software, which has been available since the company launched Office 365, is designed to help businesses manage their data better.