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MarketWatch First Take: Intuit finds tax-season success from Uber drivers and Taskrabbits

QuickBooks maker Intuit Inc. said 2017 was one of its most complicated tax seasons, but one increasing complication in the American economy is turning into a positive for its business.

On Tuesday, the tax preparation software company reported better-than-expected third quarter earnings and raised its outlook, amid investor fears that a simplified tax code proposed by President Trump would be bad for its business. Among the reasons for the rosier forecast was an increase in self-employed members of the so-called gig economy, a boon for QuickBooks.

Earlier this year, Intuit introduced a bundled version of QuickBooks and TurboTax targeting freelancers, which helped drive its stronger results.

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